What Is a Commodity Broker Salary?

Video Transcript

"This is financial advisor Patrick Munro talking about what is a commodity broker salary. Commodity brokers are a very specialized breed amongst all financial advisors. They're involved in selling commodities, usually off the Chicago mercantile exchange. Commodities are things such as gold, silver, cattle features, pork, cotton, anything commodity-based, lumber, pork bellies, things of that nature that are used on an ongoing basis. Because of the nature of their work they sell to large institutional blocks of investors and they also small - sell to the smaller investor. Normally they work for brokerage houses and they're paid on a bonus basis either on a quarterly or annual basis. Therefore, they take a basic salary and the bonus is additional to their activity. A good commodity broker can make a salary as high as a million dollars a year, therefore their base salary in higher in the foregone conclusion that they're going to bring in a bigger bonus. It's a very lucrative field but it's also a very high stress field and in fact you can lose money as a commodities broker, in which case you would make a salary. This is Patrick Munro discussing commodity brokers salary."