The Commodities Classes
Commodities CFD trading is an effective trading method ideal for long term independent strategies. A commodity is generally categorized as a hard or soft commodity. A soft commodity would be cocoa, wheat and sugar. A hard commodity would be gold, silver and oil. If you are looking for more long term trading strategies, trading CFD commodities is ideal for you.
It has become universally acknowledged in the trading industry, that trading commodities CFD’s is both a cost saving trading method, and for traders wishing to develop more long term individual trading strategies, the commissions are low. This tends to suit a certain type of trader who prefers the more patient approach, but also as an alternative trading strategy for traders which trade across the board.
Trading Foreign Exchange (Forex) and Contracts for Differences (CFDs) on margin carries a high level of risk. CLICK HERE to read full risk warning.
- Commodities are traded in units.
- Oil is traded in barrels (bbl).
- Wheat is traded in bushels (bu).
- Coffee is traded in pounds (lb)(bu).
- All units are set to a standardized quantity known as a "lot".
- A lot represents the minimum quantity which can be traded in any given instrument.
|Instrument (Platform Symbol)||Spreads |
|Leverage (up to)*||Lot Settings|
Size of 1Lot
|Trading Hours (GMT)|
(1) Trading commences each Sunday at 22:00 GMT and closes on Friday at 22:00 GMT. Opening market orders and placing orders during the daily break is not possible.
(2) Due to low liquidity in global markets, between 23:00 GMT and 24:00 GMT, spreads for Gold, Silver and Oil might be widened.
Please note that the company may change its overnight rollover rates from time to time as a result of changes in credit markets.
Also note: the MT4 platform calculates overnight rollover at 21:00 GMT and the rollover charge/credit is debited or credited to and from the trading account. On Wednesday at 21:00 GMT, overnight rollover fees are multiplied by three (x3) in order to compensate for the upcoming weekend.