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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Please ensure you fully understand the risks involved. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Please ensure you fully understand the risks involved.

Commodities trading

Commodities trading

Strike while the iron, copper, lead, zinc, nickel or cobalt is hot. Open an account with us to start trading commodities – including metals, energies and agricultural markets.

Start trading today. For account opening enquiries call 1800 601 799 between 9am and 6pm (AEDT) weekdays, or email newaccounts.au@ig.com.

Contact us: 1800 601 799

Start trading today. For account opening enquiries call 1800 601 799 between 9am and 6pm (AEDT) weekdays, or email newaccounts.au@ig.com.

Contact us: 1800 601 799

Why trade commodities with us?

35 commodities to trade, or a range of commodity stocks and ETFs
Trade commodity spot prices
Best commodity prices

Access a wide range of commodity markets

Choose from 35 commodities or a range of commodity stocks and ETFs

Speculate on continuous prices

Take a position on commodity spot prices with our undated market offering

Get the best commodity prices

Keep your costs down with spreads from just 2.8 points on Brent Crude and 0.3 on gold*

Achieve commodity trading goals
Live market updates
Guaranteed stops on commodity markets

Achieve your trading goals

Trade short term with CFDs or invest long term with share trading

Keep up to date on market movements

See live market updates with our in-platform newsfeed

Protect your capital

Attach a guaranteed stop to cap your risk1 – even in the most volatile market conditions

Ways to trade commodities with us

Commodity CFD trading Commodity share trading
Markets to trade Spot prices, futures, options contracts, shares and ETFs Shares and ETFs
Main benefits Go long or short on market prices. Take ownership of shares to gain voting rights and dividends if paid
Traded in Contracts Shares
Commission Share CFDs are subject to commission. All other markets are charged via the spread Invest in international shares commission-free, or Australian shares from just A$52
Platforms Web, mobile app and advanced platforms Web and mobile app
Learn more Learn more

Note: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

What is commodities trading?

Speculate on the price of raw physical assets, such as gold, silver, oil, wheat and sugar. With us, you won’t have to take ownership of the underlying asset or worry about physical delivery.

How to trade commodities

  1. Open a trading account
  2. Find an opportunity
  3. Take a position
  4. Monitor your trade
Trustpilot

Open a commodity trading account now

Open a commodity trading account now

Fast execution on a huge range of markets

Enjoy flexible access to more than 17,000 global markets, with reliable execution

Deal seamlessly, wherever you are

Trade on the move with our natively designed, award-winning trading app

Feel secure with a trusted provider

With 48 years of experience, we’re proud to offer a truly market-leading service

Trade on our award winning platform4

Trade commodities anywhere, anytime on our award-winning platforms.

  • Web-based platform
  • Mobile trading app
  • TradingView
  • Meta Trader 4

Get interactive charts, minute-by-minute analysis and a suite of risk management tools, all from our intuitive online trading platform. Available for CFD trading and share trading accounts.

Commodity trading platform

Trade on the go from our mobile and tablet app – with instant price alerts, trading signals and customisable charts. Available for CFD and share trading accounts.

Commodity trading app

Track markets via desktop and enhance your CFD trading performance with comprehensive charting and advanced technical analysis tools.

Commodity trading app

Trade gold, silver and oil markets on the popular MetaTrader4 platform – available only to CFD trading clients. Get the edge with 18 free indicators and thousands more add-ons.

Commodity trading with MT4

Discover our commodities markets

  • Energies
  • Metals
  • Softs

Trade our range of energy markets – including popular oils such as Brent Crude and US Crude.

Learn more about oil trading

Prices above are subject to our website terms and conditions. Prices above are indicative only.

Speculate on the price of precious and base metals.

Discover gold and silvertrading with us

Prices above are subject to our website terms and conditions. Prices above are indicative only.

Take a position on more than 20 types of soft commodities.

Prices above are subject to our website terms and conditions. Prices above are indicative only.

Find a commodity to trade

Looking for a commodity? Use our search tool to find charts, data and news on the commodities you’re interested in.

Undated commodities vs commodity futures

Trade commodities at our undated ‘spot’ or futures prices – available via CFD trading. Your choice will depend on how long you intend to hold your position for. Learn more about undated commodities here.

Undated commodity markets

Take a position on the current value of a commodity with our proprietary ‘spot’ prices.

  • Positions cost less to open, but will incur a fee if left open overnight
  • Speculate on the underlying market price with no fixed expiries
  • Perform technical analysis over the longer term with continuous charting

Commodity futures

Speculate on the underlying price of gold, silver or oil futures contracts.

  • Trade over a longer time period – with no overnight funding fees
  • Positions open at expiry will be rolled over automatically unless you specify otherwise
  • Get a clear overview of your contract’s price within its date range

Commodities costs

  • Spreads for commodities
  • Margin for commodities

The spread is our charge for executing your trade. It’s the difference between the buy and sell price, which we wrap around the underlying market price.

Market Spread for futures Spread for undated markets
OIL - US CRUDE 6 2.8
OIL - BRENT CRUDE 6 2.8
SPOT GOLD 0.6 0.3
SPOT SILVER (5000OZ) 3 2
CHICAGO WHEAT 1 0.6
LONDON SUGAR 0.8 0.6

The charge will vary depending on whether you trade futures or our undated contracts. Futures have a wider spread, but no overnight funding charges – so are more cost-effective for longer-term trades. The spreads above are subject to variation. Learn more about our spreads.

CFDs are leveraged, which means you can gain full exposure for the fraction of the cost. The deposit you pay to open a position is called margin. Although it’s not an additional cost to you, it can make a big difference to the affordability of your trade.

Remember, leverage can magnify your losses, as well as magnify any profits.

Market Retail Pro Level 1 Pro Level 2
OIL - US CRUDE 10.0% 2.5% 1.2%
OIL - BRENT CRUDE 10.0% 2.5% 1.2%
SPOT GOLD 5.0% 1.0% 0.4%
SPOT SILVER (5000OZ) 10.0% 2.5% 1.2%
CHICAGO WHEAT 10.0% 2.5% 1.2%
LONDON SUGAR 10.0% 2.5% 1.2%

Find out more about our margin rates

Choose Australia's No.1 CFD provider5

Seize opportunity on 17,000+ markets, including major indices, forex pairs and shares.

Choose Australia's No.1 CFD provider5

Seize opportunity on 17,000+ markets, including major indices, forex pairs and shares.

Try these next

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Find out what ETFs are and how you can open your first position.

1 A small premium will be charged if your guaranteed stop is triggered.
2 Place three share trades in the previous month to qualify.
3 As awarded at the Investors Chronicle and Financial Times Investment and Wealth Management Awards 2018, and at the Professional Trader Awards 2019.
4 Winner of ‘Best Multi-Platform Provider’ at ADVFN International Finance Awards 2020.
5 Number 1 in Australia by primary relationships, CFDs & FX, Investment Trends November 2023 Leveraged Trading Report.CFDs & FX, Investment Trends December 2023 Leveraged Trading Report
* Other fees and charges may apply.