CFDs are a leveraged product and can result in losses that exceed deposits. Trading CFDs may not be suitable for everyone, so please ensure you fully understand the risks and take care to manage your exposure.
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Commodities CFDs

In addition to our vast range of commodity futures CFDs, we now offer commodities CFDs with no expiry points

Live commodity prices

Markets Sell Buy Change
Spot Gold
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Spot Silver (5000oz)
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Brent Crude
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US Light Crude
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Natural Gas
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Prices above are subject to our website terms and conditions. Prices are indicative only.

Find a commodity to trade

Use our market finder tool to find news, videos, analysis and data on the commodities you want to trade.

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The new way to trade commodities

Our new commodity CFD product enables you to take a cost-effective short-term view on 47 key commodity markets.

The new offering works in the same way as an index CFD. And just like an index position, you’ll pay a funding charge for holding your commodity position overnight.

As there are no fixed expiries, we are also able to offer continuous charting on these markets. This means your technical analysis will be available as long as you want it. We have used past data to backdate our charts for the last three to five years, so you can get an accurate historical look.

How do we make our prices?

In the absence of a continuously traded underlying market, we have created an algorithm to derive a price from the forward curve of each commodity. It will automatically calculate and apply day-to-day funding requirements.

  • Lower spreads

    Enjoy the best commodity spreads on the market with no insurance costs, including on gold and oil

  • Increased transparency

    As a continuous stream, your profit/loss will be clearer over the position's lifetime and with a daily funding charge for holding a position overnight, there's no need to close on expiry and open a new position

  • Continuous charting

    Take advantage of technical analysis, available as long as you want, and backdated price charts for the last three to five years

  • Risks

    Margin trading is a high-risk geared investment. You have to read and understand the Risk Disclosure Notice before you apply to begin trading with us.

Why trade commodities with IG?

  • Unique range of markets

    Trade CFDs on a wide range of popular and niche metals, energies and softs

  • Sophisticated risk management

    Use our risk management tools to manage your positions even in volatile times

  • Trade commodities on margin

    Trade CFDs to gain full exposure with just a small initial deposit, but remember with leverage comes increased risk

  • Low spreads on popular markets

    Deal on Spot Gold from 0.3 points, Spot Silver from 3 points and US Light Crude from 3 points

  • CFD Product details

    Full commodities CFD details, including dealing hours, spreads and margins.

  • MT4 Product details

    Full commodities MT4 product details, including dealing hours, spreads and margins.

  • Risks

    Margin trading is a high-risk geared investment. You have to read and understand the Risk Disclosure Notice before you apply to begin trading with us. 

Commodities

Commodities

Deal on commodities as a CFD. 

 

CFDs

Spot Gold 0.3
Spot Silver (5000oz) 2.0
Oil - US Crude 2.8
Oil - Brent Crude 2.8
Chicago wheat 0.6
London sugar 0.6
  Full CFD details

 

Our spread is based on the underlying market spread. If the underlying market spread increases, our spread may increase.

Commodities futures

Commodities futures

Deal on commodities as a CFD.

 

CFDs

Gold 0.6
Silver 3
Oil - US Crude 4.0
Oil - Brent Crude 4.0
Chicago wheat 1.0
London sugar 0.8
  Full CFD details

Open an account now

It's free to open an account, and there's no obligation to fund or trade.

New to commodities trading?

Commodities are the basic building blocks of the global economy. They are natural resources traded on dedicated exchanges around the world. 

There are two types of commodity – soft and hard. Soft commodities are typically agricultural like wheat or sugar, whereas hard commodities are metals or energies like silver and gas.

The production and consumption of commodities depends on many factors, including:

  • Supply and demand 
  • The weather
  • Economic and political events
  • The US dollar (commodities are normally priced in the US currency)

As a result of all these factors, commodity prices can fluctuate significantly.

How and where commodities are traded

Commodities are traded on a number of exchanges that specialise in particular markets, including:

  • LIFFE – agricultural products
  • London Metal Exchange – non-precious metals 
  • Chicago Mercantile Exchange – energy and metals
  • ICE Futures US – agricultural products
  • Chicago Board of Trade – agricultural products 
  • ICE Futures Exchange - energy

Commodities are also generally traded as futures contracts. These are simply agreements to trade an asset at an agreed price and date in the future. This enables you to trade the contracts themselves without ever having to own the underlying asset.

Related links

Watch Sara explain the basics of
commodities trading in less than two minutes

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CFD example

The equation for calculating the overnight adjustment is broken down into two parts; the daily movement along the futures curve (basis), and the IG charge. This is applied to positions open at 10pm UK time.
Overnight adjustment = number of contracts x contract size x (basis + IG charge)

Formula for the IG charge = price x 2.5% / 365

Formula for basis = (P3 – P2) / (T2 – T1) 

T1 = expiry date of the previous front future 
T2 = expiry date of the front future 
P2 = price of front future 
P3 = price of next future 

The basis equates to the daily movement of our undated price along the futures and may be a credit or a debit. This will either be a positive or negative number depending on the direction of your trade and the slope of the forward curve. 

For example imagine you are long one $10 contract on US Oil. If there was a time difference between T1 and T2 of 31 days, and front month future (P2) was 4700 and the next future (P3) was 4770 then the overnight adjustment would be calculated as follows:
 
Overnight adjustment    = 1 x $10 x ((4770 – 4700 / 31) + (4700 x 2.5% / 365))

                                     = $22.58 + $3.22

In our example the cost to hold the position overnight is $3.22, however you will also see a cash neutral futures curve adjustment as well. The $22.58 basis adjustment will be offset in the running profit or loss on the position.

On the other hand, if you were short US Oil in the above example then you would receive $22.58 and pay $3.22, therefore a net credit of $19.36.

For any position opened before 10pm Friday that is still open after 10pm Friday, the basis adjustment will be made for three days as opposed to one. This three-day adjustment is applied on the Sunday night or Monday morning.

Contact us

We're here 6 days a week Sun-Fri, from 8am to 7pm. Support is available 24hrs a day from Monday to Friday.

+971 (0) 4 559 2108

You can also email us at helpdesk.ae@ig.com

 

CFDs are a leveraged product and can result in losses that exceed deposits. Trading CFDs may not be suitable for everyone, so please ensure you fully understand the risks and take care to manage your exposure.

Latest commodities news