Commodity trading is a high-stakes world where professionals earn a significant chunk from bonuses and commissions. Vitol, the largest independant oil trader, made the news when it was leaked that the average remuneration rose above $785’000, which tops any top-tier bank’s salary!
Thanks to the deep network of the Shipping and Commodity Academy, we were able to ask this burning question to a large pool of traders.
The base salary for a commodity trader can vary widely based on factors such as experience, geographical location, and the specific commodity being traded. As a rule of thumb, the larger the volume traded, the larger the trader’s remuneration.
During the survey, we noticed that local commodity trading firms usually pay 50% less than international commodity trading companies.
Before diving in, please also note that Dubai has NO TAX on salaries.
Agricultural Trader in Dubai, UAE
Junior Agri Trader Salary
- Average base salary 220,000 AED
- Bonus between 10% to 100% of the base salary
Experienced Agri Trader Salary
- Average base salary 420,000 AED
- Bonus between 0% to 200% of the base salary
Senior Metal Trader Salary
- Average base salary 250,000 AED
- Bonus between 10% to 100% of the base salary
Metal Trader in Dubai, UAE
Junior Metal Trader Salary
- Average base salary 250,000 AED
- Bonus between 10% to 100% of the base salary
Experienced Metal Trader Salary
- Average base salary 500,000 AED
- Bonus between 0% to 200% of the base salary
Senior Metal Trader Salary
- Average base salary 800,000 AED
- Bonus between 0% to 300% of the base salary
Energy Trader in Dubai, UAE
Junior Energy Trader Salary
- Average base salary 301,000 AED
- Bonus between 10% to 100% of the base salary
Experienced Energy Trader Salary
- Average base salary 660,000 AED
- Bonus between 0% to 200% of the base salary
Senior Energy Trader Salary
- Average base salary 890,000 AED
- Bonus between 0% to 300% of the base salary
Interested in breaking into the world of commodity trading? Don’t hesitate to download our brochure, we’ve helped hundreds of students get into this fascinating industry
Dubai, particularly within the United Arab Emirates (UAE), has established itself as a global hub for commerce and trade, including the trading of commodities. There are several reasons why Dubai is considered a great place for commodity traders:
Strategic Location: Dubai’s geographical location serves as a bridge between the East and the West. It is positioned conveniently between major producing and consuming nations, making it a crucial intermediary point for trade.
Dubai Multi Commodities Centre (DMCC): DMCC is one of the world’s most inter-connected free zones, offering a conducive environment for businesses and trade. With over 17,500 companies, DMCC has a dynamic ecosystem that supports commodity traders.
World-Class Infrastructure: Dubai boasts state-of-the-art ports, airports, and road networks that facilitate the smooth flow of goods. Jebel Ali Port, for example, is one of the largest and busiest ports in the world.
Tax Benefits: Dubai offers numerous tax incentives to businesses, including 100% repatriation of capital and profits, no import or export duties, no personal income taxes, and no currency restrictions.
Robust Regulatory Environment: The UAE government has put forth a series of regulations to ensure transparency and fairness in the commodities market. These regulations help foster confidence among traders and investors.
Energy Trading: Given its location in the oil-rich Gulf region, Dubai is a pivotal player in the energy sector. The Dubai Mercantile Exchange (DME) serves as a significant platform for energy futures trading.
Diverse Trading Environment: Dubai attracts traders and businesses from all over the world, resulting in a multicultural and diverse trading ecosystem. This diversity allows for a rich exchange of ideas, practices, and global networks.
Ease of Doing Business: Over the years, Dubai has streamlined its administrative and bureaucratic processes, making it easier to set up and conduct business in the emirate.
Safe and Secure Environment: Dubai is renowned for its high safety standards and low crime rates, which provide an added layer of comfort for businesses and traders operating in the region.
For all these reasons and more, Dubai is seen as an attractive destination for commodity traders from around the world.
Interested in breaking into the world of commodity trading? Don’t hesitate to download our brochure, we’ve helped hundreds of students get into this fascinating industry