AUD-denominated CFD details

The tables below are the contract details for the AUD-denominated CFDs we offer.

Exclusive to IG, AUD-denominated CFD contracts on popular indices plus metal and energy commodities enable you to avoid currency exposure.

Notes in [square brackets] can be found at the bottom of the page.

Spreads from 0.4 points on popular commodity markets

Energies

All contracts have no fixed expiry date.

Energies information table

Contract

Value of one contract (per full point)

Contract spread[1]

Limited risk
premium

Margin requirement (per contract)[4]

Oil - Brent Crude A$1 3 2 1.0%
Oil - US Crude A$1 3 2 1.0%
Heating Oil A$1 20 20 2.5%
Carbon Emissions A$1 4 30 5.0%
London Gas Oil A$1 0.8 0.6 3.0%
Natural Gas A$1 12 20 3.0%
No Lead Gasoline A$1 20 20 2.5%

 

Metals

Metals information table

Contract

One contract means

Value of one contract (per full point)

Contract spread[1]

Limited risk
premium

Margin requirement (per contract)[4]

Spot Gold 100 troy oz A$1 (10) /
A$10 (10)
0.4 0.3 0.7%
Spot Silver 5000 troy oz A$1 (5) /
A$10 (5)
3 2 1.0%
High Grade Copper 25,000 lbs A$1 30 30 1.0%
Palladium 100 troy oz A$1 1.6 2 2.0%
Platinum 50 troy oz A$1 1.6 1.5 1.5%
Iron Ore 100 metric tones A$1 4.5 3 5%

 

Base metals contracts

Base metals contracts have no expiry date; the position remains open until you choose to close it. Our quotes for this market are based on the three month forward prices for the underlying instrument. Separate daily funding adjustments are made for base metals.

Contract and trading hours (Sydney time) One contract means Value of one contract (per full point) Value of one mini contract (per full point) Contract spread Limited risk premium Margin requirement
(per contract)
Aluminium
10.00-03.00
25 metric tonnes
A$1
$5
8
8
5.0%
Copper
10.00-03.00
25 metric tons
A$1
$5
10
10
5.5%
Lead
10.00-03.00
25 metric tons
A$1
$5
8
8
4.0%
Nickel
10.00-03.00
6 metric tons
A$1
$1
40
40
8.0%
Zinc
10.00-03.00
25 metric tons
A$1
$5
8
8
3.75%

 

Softs

All contracts have no fixed expiry date. 

Softs information table

Contract

Value of one contract (per full point)

Contract spread[1]

Limited risk premium

Margin requirement (per contract)[4]

Cocoa (London) A$1 3 4 2.0%
Cocoa (US) A$1 6 5 1.5%
Coffee Robusta A$1 3 6 3.0%
Coffee Arabica A$1 30 20 1.75%
Orange Juice A$1 30 20 3.0%
Cattle (Feeder) A$1 14 30 1.0%
Cattle (Live) A$1 14 30 1.0%
Lean Hogs A$1 12 30 2.5%
Cotton A$1 20 15 2.25%
Rapeseed A$1 0.8 2 3.0%
Lumber A$1 80 80 3.0%
Sugar No.5 A$1 0.6 0.8 3.0%
Sugar No.11 World A$1 4 4 2.0%
Wheat (London) A$1 0.4 0.3 6.75%
Milling Wheat A$1 0.8 1 4.25%
Wheat (Chicago) A$1 0.8 1.5 2.0%
Corn A$1 0.8 1.5 2.0%
Oats A$1 0.8 1.5 3.75%
Rough Rice A$1 30 30 1.75%
Soyabeans A$1 1.6 2 2.0%
Soyabean Meal A$1 60 50 3.0%
Soyabean Oil A$1 8 8 2.5%

 

Table notes

Where you see a number or letter in brackets in the tables, the corresponding note can be found below.

1. Spreads are subject to variation, especially in volatile market conditions. If the underlying market spread increases significantly, our spread may increase.

2. Commodity funding is based on the market cost of carry including an admin fee of 2.5% per annum.

3. For Spot Metal transactions, funding adjustments are calculated and posted to the client's account daily. Funding adjustments are calculated based on the relevant tom-next spread, including an admin fee of 0.3% p.a for main contracts and 0.8% p.a for mini contracts.

For Spot Metal contracts a daily interest adjustment is calculated any position that is opened before 22:00 (London time) and that is still open after 22:00 (London time).

4. Please note that tiered margins apply; this means that higher deposits may be required for large positions. See our margins page for further details. You can find the tiered margins for each market from the Get Info section in our dealing platform.

5. Live Cattle, Feeder Cattle and Lean Hogs open at 15.05 (London time) on the Monday of a normal business week, and close on Fridays at 19.55 (London time).

6. Lumber opens at 15.00 (London time) on the Monday of a normal business week until 03:00 (London time). The market will close early on a Friday at 19.55 (London time). Note that there is a break each day between 22.00 and 23.00 (London time).

Stock indices

A$1 and A$10 AUD-denominated contracts

Index name [1] Value of one contract
Standard / Mini [1]
Trading hours (Sydney time) [2] Standard spread [3] Limited risk premium [4]

Margin requirement
per contract 
[5]
Standard / Mini

Wall Street
24 hours
A$10 / A$1 (min 2 contracts)

23.30-06.00

17.00-23.30

06.15-06.30

07.00-08.00
All other times

1.8

2.8

5.8

5.8

3.8

2 0.5%
US 500
24 hours
A$10 / A$1 (10) 23.30-06.00
06.15-06.30
07.00-08.00
All other times
0.4
0.9
0.9
0.6
0.25 0.5%
Japan 225 [1a]
24 hours
A$10 / A$1 09.45-06.15
06.15-09.45
8
30
8 0.75%
FTSE 100
24 hours
A$10 / A$1 17.00-01.30
01.30-06.00
16.00-17.00
All other times
1
2
2
5
1.5 0.5%
US Tech 100
24 hours
A$10 / A$1

23.30-06.00

06.15-06.30

07.00-08.00

All other times

1
3
3
2
1.5 0.5%
Germany 30
24 hours
A$10 / A$1 17.00-01.30
01.30-06.00
06.00-16.00
16.00-17.00
1
2
7
2
3 0.5%
Hong Kong HS50
24 hours
A$10 / A$1 11.15-14.00
15.00-18.15
09.00-01.00
All other times
6
6
6 [3a]
20
10 1.5%
India 50 A$10 / A$1 13.45-20.10 4 4 1.5%
China H-Shares
24 hours
A$10 / A$1 11.15-14.00
15.00-18.15
19.00-01.00
All other times
10
10
10 [3a]
20
10 1.5%
China A50
24 hours
A$10 / A$1 11.00-18.00
18.40-04.00
All other times
12
12
36
30 5%

 

China 300
24 hours

 

 

A$10 / A$1

 

11.30-13.30
15.00-17.00
All other times
 

 

3
3
12

 

5

 

10%

Taiwan Index A$10 / A$1 10.45-15.44
16.45-03.54
0.4 0.2 5%

Notes to tables

Our stock indices CFDs are contracts which give a client exposure to changes in the value of a stock index but cannot result in the delivery of any share or instrument by or to the client. Minimum transaction sizes usually start from one contract. Please refer to the 'Get Info' section within the  trading platform to find the minimum transaction size for each market. We will not charge any additional commission unless we notify you in writing.

1. Where indicated, indices are available for dealing 24 hours a day, between 23.00 Sunday and 22.00 Friday (London time) each week. Other indices are offered only when the underlying market is open. Please ask dealers for information about public holidays.

We offer Standard and Mini contracts on all our indices, and Micro contracts on a selection of markets. The contract value is the amount per whole index point that the contract is worth.

2. All dealing hours are listed in Sydney time, unless otherwise stated. Please note that actual trading times are governed by local time in the country of the index's origin.

3. Spreads are subject to variation, especially in volatile market conditions. On 24 hour index markets, our spreads depend on whether the respective underlying market is 'in-hours' or 'out-of-hours', or (on some markets) in 'extended hours'. Our normal spread during each time period is shown in the table.

During 'out-of-hours' sessions, our quotations reflect our own view of the prospects for a market. Furthermore, business done by other clients may itself affect our quotations. There may be nothing against which to measure our quotation at these times.

Any market spread may be added to the spread shown in the contract details, except for contracts on FTSE® 100, Wall Street, Germany 30, France 40, Sweden 30, Netherlands 25, US 500, US Tech 100, US Russell 2000, Japan 225, Italy 40, Volatility Index and EU Volatility Index.

a) We cannot provide you with a guaranteed spread during the 'extended hours' session, rather we will incorporate any additional market spread into our dealing spread for that session.

4. For limited risk transactions, a premium is charged on the opening. Limited risk positions are closed if the bid or offer price reaches a selected stop level. There may be nothing against which to measure our quotation, particularly at times when the underlying market is closed.

If a price reaches one client's limited risk stop level, so that, for example, he sells to close a position, that sale may itself push our quotation down to a level at which another client's limited risk position has to be closed.

5. Please note that tiered margining applies; this means that higher margins may be required for large positions. You can find the applicable tiered margins from the Get Info dropdown section within each market in the trading platform. See our charges and margin page for more details.

6. Wall Street, US 500 & US Tech 100 futures contracts can be traded until 14.30 (London time) on the day of expiry. This means stop or limit orders can be filled until this time.

7. The following note refers to cash markets only. CFDs on cash stock indices are undated transactions that do not expire (unless requested, please see note 9). For each day that a position is open, adjustments are calculated to reflect the effect of interest (i), and, if necessary, dividends (ii).

i) A daily interest adjustment is calculated for any position that is opened before 22.00 (London time) and that is still open after 22.00 (London time). For stock index contracts denominated in Australian dollars a daily interest adjustment is calculated for any position that is opened before 16.50 (Sydney time) and that is still open after 16.50 (Sydney time). These adjustments are posted daily to the client's account. Please note that on Fridays open positions will be adjusted for 3 days funding, covering the weekend. 

Interest adjustments are calculated as follows:

D = n x L x C x i / 365

Where:

D = daily interest adjustment

n = number of lots

L = lot size

C = underlying index price at 10pm (London time)

i = applicable annual interest rate

Note: The formula uses a 365-day divisor for the FTSE® 100 and other GBP, SGD and ZAR denominated markets, and a 360-day divisor for all others.

Interest in respect of long positions is debited from a client's account, and interest in respect of short positions is either credited to or debited from a client's account.

ii) A dividend adjustment is applied to take account of the ex-dividend adjustment to the index. This is the number of points by which the index price must be adjusted downwards to take account of those shares in the index which go ex-dividend at the close of the cash market. We will use the ex-dividend figure estimated by Bloomberg (E&OE), rounded to the tick size we use for that index, to determine what adjustment to apply. In the case of long positions, the dividend adjustment is credited to the client's account. In the case of short positions, the dividend adjustment is debited from the client's account.

8. When you trade in a currency other than your base currency, margin requirements and any profit or loss will be booked to your account in that currency. As a default, we will automatically convert any profit or loss you realise on closing a position to your base currency, including a charge of no more than 0.3% of the current spot rate. You may change this default at any time via our online dealing platform.

9. Clients may request that an open stock-index position will expire on the day that the request is made.

We are unlikely to agree to such a request if either:

a) the size of the position or positions is larger than 10 contracts

b) the request is made less than two hours before the close of the related expiry market

On our agreement to an expiry request, the transaction or transactions in question will become an 'Expiry Transaction', and will automatically expire at the official closing price of the related expiry market, as listed on the 'Expiry Markets' tab.

Commodities futures

Energies

Market name & trading hours (Sydney time) Value per index point (min trade) Normal spread Limited risk premium Margin requirement (per contract) [5]
Oil - US Crude
24 hours
except 07.00-08.00
A$1 (2) /
A$10 (1)
7 / 6 4 / 4
1.0%
Natural Gas (US)
24 hours
except 07.00-08.00
A$1 (1) / A$10 (1) 30 / 20 20 / 20
3.0%

 

Notes

All the instruments described on this site are Contracts For Difference (CFDs). Our commodities give you exposure to changes in the prive of the underlying market. They are cash settled and cannot result in the delivery of any commodity or instrument. Where you see a number or letter in brackets on the tables, the corresponding note can be found below.

1. Our Energy contracts give a client exposure to changes in the value of a futures contract but cannot result in the delivery of any commodity or instrument by or to the client.

2. We will quote an 'all-in' spread that includes both dealing spread and market spread. The size of our dealing spreads are shown in the information tables. All dealing spreads are subject to variation, especially in volatile market conditions. We will not charge any additional commission unless we notify you in writing.

3. For Limited Risk transactions, a Limited Risk premium is charged on the opening.

4. Times quoted are local to the relevant exchange, unless specified.

5. Please note that Tiered Margining applies; this means that higher margins may be required for large positions. Margin requirements represent a percentage of the overall position value, and can vary depending on which account type you hold. Where two values are listed, the first value applies to Trader accounts and the second to Select accounts. You can find the applicable Tiered Margins from the Get Info dropdown section within each market in the trading platform.

6. Only liquid months will be available at any one time.

Expiry:

1. The last dealing day shown in the tables may not always coincide with the last dealing day on the relevant exchange.

2. For most positions, a client can, at any time before the position has been automatically closed, ask for the position to be rolled over to a later date. Rolling over a position involves closing the old position and opening a new one. We normally attempt to contact a client shortly before a position is due to expire and offer him the opportunity to roll the position over. However, we cannot undertake to do this in every case and it remains the client's responsibility to give instructions, if he so wishes, to roll the position over before it expires.

3. Positions that expire will do so with spread on the following basis:

Light Crude Oil and Natural Gas: based on the settlement price of the relevant futures contract on NYMEX on our last dealing day

Expiry Details

Market name Contract months Last dealing day
US Light Crude Any month Third business day prior to 25th calendar day of previous month (if 25th calendar day of previous month is a non-bus. day, third bus. day prior to last bus. day preceding 25th calendar day of prev. month)
Natural Gas Any month 4 NY business days prior to the first calendar day of the delivery month

NZD-denominated

The value of one mini contract (per index point) is NZ$1.

 

Stock indices

Index name [1] Value of one contract Trading hours (Sydney time) [2] Mini spread [3] Limited risk premium [4]

Margin requirement
per contract 
[5]

Australia 200
24 hours
NZ$1

10.00-16.00
09.50-10.00
17.10-07.00
16.00-16.30
All other times

1
2
2 [3a]
2
5
1.5 0.5%
Wall Street
24 hours
NZ$1

23.30-06.00

17.00-23.30

06.15-06.30

07.00-08.00

All other times

1.8

2.8
5.8
5.8

3.8

2 0.5%
Japan 225 [1a]
24 hours
NZ$1 09.45-07.15
07.15-09.45
8
30
8 0.75%
FTSE 100
24 hours
NZ$1 17.00-01.30
01.30-06.00
16.00-17.00
All other times
2
1
2
5
1 0.5%
Germany 30
24 hours
NZ$1 17.00-01.30
01.30-06.00
16.00-16.00
16.00-17.00
1
2
7
2
1.5 0.5%
Hong Kong HS50
24 hours
NZ$1 11.15-14.00
15.00-18.15
19.00-01.00
All other times
6
6
6 [3a]
20
10 1.5%

Notes to tables

Our stock indices CFDs are contracts which give a client exposure to changes in the value of a stock index but cannot result in the delivery of any share or instrument by or to the client. Minimum transaction sizes usually start from one contract. Please refer to the 'Get Info' section within the  trading platform to find the minimum transaction size for each market. We will not charge any additional commission unless we notify you in writing.

1. Where indicated, indices are available for dealing 24 hours a day, between 23.00 Sunday and 22.00 Friday (London time) each week. Other indices are offered only when the underlying market is open. Please ask dealers for information about public holidays.

2. All dealing hours are listed in Sydney time, unless otherwise stated. Please note that actual trading times are governed by local time in the country of the index's origin.

3. Spreads are subject to variation, especially in volatile market conditions. On 24-hour index markets, our spreads depend on whether the respective underlying market is 'in-hours' or 'out-of-hours', or (on some markets) in 'extended hours'. Our normal spread during each time period is shown in the table.

During 'out-of-hours' sessions, our quotations reflect our own view of the prospects for a market. Furthermore, business done by other clients may itself affect our quotations. There may be nothing against which to measure our quotation at these times.

Any market spread may be added to the spread shown in the contract details, except for contracts on FTSE® 100, Wall Street, Germany 30, France 40, Sweden 30, Netherlands 25, US 500, US Tech 100, US Russell 2000, Japan 225, Italy 40, Volatility Index and EU Volatility Index.

a) We cannot provide you with a guaranteed spread during the 'extended hours' session, rather we will incorporate any additional market spread into our dealing spread for that session.

4. For limited risk transactions, a premium is charged on the opening. Limited risk positions are closed if the bid or offer price reaches a selected stop level. There may be nothing against which to measure our quotation, particularly at times when the underlying market is closed.

If a price reaches one client's limited risk stop level, so that, for example, he sells to close a position, that sale may itself push our quotation down to a level at which another client's limited risk position has to be closed.

5. Please note that tiered margining applies; this means that higher margins may be required for large positions. You can find the applicable tiered margins from the Get Info dropdown section within each market in the trading platform. See our margin page for more details.

6. Wall Street, US 500 & US Tech 100 futures contracts can be traded until 14.30 (London time) on the day of expiry. This means stop or limit orders can be filled until this time.

7. The following note refers to cash markets only. CFDs on cash stock indices are undated transactions that do not expire (unless requested, please see note 9). For each day that a position is open, adjustments are calculated to reflect the effect of interest (i), and, if necessary, dividends (ii).

i) A daily interest adjustment is calculated for any position that is opened before 22.00 (London time) and that is still open after 22.00 (London time). For stock index contracts denominated in New Zealand dollars a daily interest adjustment is calculated for any position that is opened before 16.50 (Sydney time) and that is still open after 16.50 (Sydney time). These adjustments are posted daily to the client's account. Please note that on Fridays open positions will be adjusted for 3 days funding, covering the weekend.

Interest adjustments are calculated as follows:

D = n x L x C x i / 365

Where:

D = daily interest adjustment

n = number of lots

L = lot size

C = underlying index price at 10pm (London time)

i = applicable annual interest rate

Note: The formula uses a 365-day divisor for the FTSE® 100 and other GBP, SGD and ZAR denominated markets, and a 360-day divisor for all others.

Interest in respect of long positions is debited from a client's account, and interest in respect of short positions is either credited to or debited from a client's account.

ii) A dividend adjustment is applied to take account of the ex-dividend adjustment to the index. This is the number of points by which the index price must be adjusted downwards to take account of those shares in the index which go ex-dividend at the close of the cash market. We will use the ex-dividend figure estimated by Bloomberg (E&OE), rounded to the tick size we use for that index, to determine what adjustment to apply. In the case of long positions, the dividend adjustment is credited to the client's account. In the case of short positions, the dividend adjustment is debited from the client's account.

8. When you trade in a currency other than your base currency, margin requirements and any profit or loss will be booked to your account in that currency. As a default, we will automatically convert any profit or loss you realise on closing a position to your base currency, including a charge of no more than 0.3% of the current spot rate. You may change this default at any time via our online dealing platform.

9. Clients may request that an open stock-index position will expire on the day that the request is made.

We are unlikely to agree to such a request if either:

a) the size of the position or positions is larger than 10 contracts

b) the request is made less than two hours before the close of the related expiry market

On our agreement to an expiry request, the transaction or transactions in question will become an 'Expiry Transaction', and will automatically expire at the official closing price of the related expiry market, as listed on the 'Expiry Markets' tab.

Commodities

Energies

Market name & trading hours (Sydney time) Value per index point (min trade) Normal spread Limited risk premium Margin requirement (per contract) [5]
Light Crude Oil (US)
24 hours 
except 07.00-08.00
NZ$1 7 4 1.0%
Natural Gas (US)
24 hours 
except 07.00-08:00
NZ$1 30 20 1.0%

 

Spot metals

 

Spot metals have no expiry date; the position remains open until you choose to close it. Separate daily funding adjustments are made for Spot Metals.

Contract & trading hours (Sydney time) Value per full point 
(min trade)
Normal spread Limited risk premium (7) Margin requirement (per contract))
Gold 
24 hours 
except 07.00-08.00
NZ$1 0.6 0.3 0.7%
Silver 
24 hours 
except 07.00-08.00
NZ$1 3.5 2 1.5%

Notes

All the instruments described on this site are Contracts For Difference (CFDs). Our commodities give you exposure to changes in the price of the underlying market. They are cash settled and cannot result in the delivery of any commodity or instrument. Where you see a number or letter in brackets on the tables, the corresponding note can be found below.

1. Our Energy contracts give a client exposure to changes in the value of a futures contract but cannot result in the delivery of any commodity or instrument by or to the client.

2. We will quote an 'all-in' spread that includes both dealing spread and market spread. The size of our dealing spreads are shown in the information tables. All dealing spreads are subject to variation, especially in volatile market conditions. We will not charge any additional commission unless we notify you in writing.

3. For Limited Risk transactions, a Limited Risk premium is charged on the opening.

4. Times quoted are local to the relevant exchange, unless specified.

5. Note that tiered margining applies. This meams that higher margins may be required for large positions.

6. For Spot Metal transactions, funding adjustments are calculated and posted to the client's account daily. Funding adjustments are calculated as follows:

A = V x R / 360

Where:

A = the amount of the daily interest credit or debit
V = the value of the position at the time of calculation. This is equal to:
Number of contracts x Contract size x Spot Metal price. 

R = applicable annual interest rate.

For Spot Metal contracts a daily interest adjustment is calculated any position that is opened before 16:50 (Sydney Time) and that is still open after 16:50 (Sydney Time).

For Spot Metal contracts denominated in New Zealand Dollars the applicable New Zealand cash rate will be used with a spread of +/-0.8%. 

7. Only liquid months will be available at any one time.

Expiry:

1. The last dealing day shown in the tables may not always coincide with the last dealing day on the relevant exchange.

2. For most positions, a client can, at any time before the position has been automatically closed, ask for the position to be rolled over to a later date. Rolling over a position involves closing the old position and opening a new one. We normally attempt to contact a client shortly before a position is due to expire and offer him the opportunity to roll the position over. However, we cannot undertake to do this in every case and it remains the client's responsibility to give instructions, if he so wishes, to roll the position over before it expires.

Expiry Transactions: related expiry markets

Stock index Related expiry market
FTSE® 100 FTSE® 100
Wall Street DJIA 30
US 500 S&P 500
US Tech 100 Nasdaq 100
Germany 30 DAX 30
Hong Kong HS42 Hang Seng
India 50 Nifty Fifty
Japan 225 Nikkei 225
China H-Shares Hang Seng China Enterprises
China A50 Xinhua A50
Australia 200 SPI 200

 

Expiry details

 

Market name Contract months Last dealing day
US Light Crude Any month Third business day prior to 25th calendar day of previous month (if 25th calendar day of previous month is a non-bus. day, third bus. day prior to last bus. day preceding 25th calendar day of prev. month)
Natural Gas Any month 4 NY business days prior to the first calendar day of the delivery month

Contact us

We're here 24hrs a day Monday to Friday.

1800 601 734

You can also call +61 (3) 9860 1734, email helpdesk.au@ig.com or tweet us at @IGClientHelp