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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Options and turbo warrants are complex financial instruments. Trading these financial instruments involves the high risk of losing money rapidly.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Options and turbo warrants are complex financial instruments. Trading these financial instruments involves the high risk of losing money rapidly.
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Commodities options product details
Trade barrier and vanilla options on a range of global commodities. Use barrier options to take control of your leverage and risk, trade on flat markets and more with vanilla options.
Barrier options Energies
| Market name | Dealing hours | One point means | Minimum bet | Available spread [7] | Knock-out premium [6] | Commission [9] |
| Oil - US Crude | 24 Hours (except 22.00-23.00) | cents/barrel | 2 | 2.6 | 3 | 0.1 per contract |
| Oil- Brent Crude | 24 Hours (except 22.00-23.00) | cents/barrel | 2 | 2.6 | 3 | 0.1 per contract |
| Heating Oil | 24 Hours (except 22.00-23.00) | 0.01 cents/gallon | 1 | 19.8 | 20 | 0.1 per contract |
| Natural Gas | 24 Hours (except 22.00-23.00) | $0.001/mmBtu | 1 | 2.8 | 20 | 0.1 per contract |
| No Lead Gasoline | 24 Hours (except 22.00-23.00) | 0.01 cents/gallon | 1 | 19.8 | 20 | 0.1 per contract |
Barrier options Metals
| Market name | Dealing hours | One point means | Minimum bet | Available spread [7] | Knock-out premium [6] | Commission [9] |
| Spot Silver | 24 Hours (except 22.00-23.00) | cents/troy ounce | 3 | 1.8 | 2 | 0.1 per contract |
| Spot Gold | 24 Hours (except 22.00-23.00) | $/troy ounce | 5 | 0.1 | 0.3 | 0.1 per contract |
| Spot Platinum | 24 Hours (except 22.00-23.00) | $/troy ounce | 1 | 1.6 | 1.5 | 0.1 per contract |
| High Grade Copper | 24 Hours (except 22.00-23.00) | 0.01 cents/pound | 1 | 19.8 | 30 | 0.1 per contract |
| Irone Ore | 02.00-04.30, 06.30-08.00, 14.00-16.30 | CNY/metric tonne | 1 | 4.3 | 3 | 0.1 per contract |
Barrier options Base Metals
| Market name | Dealing hours | One point means | Minimum bet | Available spread [7] | Knock-out premium [6] | Commission [9] |
| Aluminium | 01.00-18.00 | $/tonne | 1 | 7.8 | 8 | 0.1 per contract |
| Copper | 01.00-18.00 | $/tonne | 1 | 9.8 | 10 | 0.1 per contract |
| Lead | 01.00-18.00 | $/tonne | 1 | 7.8 | 8 | 0.1 per contract |
| Nickel | 01.00-18.00 | $/tonne | 1 | 39.8 | 40 | 0.1 per contract |
| Zinc | 01.00-18.00 | $/tonne | 1 | 7.8 | 8 | 0.1 per contract |
Barrier options Softs
| Market name | Dealing hours | One point means | Minimum bet | Available spread [7] | Knock-out premium [6] | Commission [9] |
| Soyabean Oil | 01.00-13.45, 14.30-19.20 | cents/pound | 1 | 5.8 | 8 | 0.1 per contract |
| Corn | 01.00-13.45, 14.30-19.20 | cents/bushel | 1 | 0.4 | 1.5 | 0.1 per contract |
| New York Cocoa | 09.45-18.30 | $/tonne | 1 | 3.8 | 5 | 0.1 per contract |
| NY Cotton | 02.00-19.20 | cents/pound | 1 | 14.8 | 15 | 0.1 per contract |
| Crude Palm Oil | 03.30-05.30, 07.30-11.00 | MYR/MT | 1 | 11.8 | 10 | 0.1 per contract |
| Coffee Arabica | 09.15-18.30 | cents/pound | 1 | 19.8 | 20 | 0.1 per contract |
| Lumber | 15.00-22.00 | cents/1000 board feet | 1 | 59.8 | 80 | 0.1 per contract |
| Live Cattle | 14.30-19.05 | cents/pound | 1 | 11.8 | 30 | 0.1 per contract |
| London Cocoa | 09.30-16.50 | £/tonne | 1 | 2.8 | 4 | 0.1 per contract |
| Coffee Robusta | 09.00-17.30 | $/tonne | 1 | 2.8 | 6 | 0.1 per contract |
| London Sugar No.5 | 08.45-17.55 | $/tonne | 1 | 0.4 | 0.8 | 0.1 per contract |
| NY Orange Juice | 13.00-19.00 | cents/pound | 1 | 23.8 | 40 | 0.1 per contract |
| Rough Rice | 01.00-13.45, 14.30-19.20 | 0.1$/cwt | 1 | 19.8 | 40 | 0.1 per contract |
| Soyabeans | 01.00-13.45, 14.30-19.20 | cents/bushel | 1 | 1 | 2 | 0.1 per contract |
| NY Sugar No. 11 | 08.30-18.00 | cents/pound | 1 | 2.8 | 4 | 0.1 per contract |
| Soyabean Meal | 01.00-13.45, 14.30-19.20 | cents/tonne | 1 | 39.8 | 50 | 0.1 per contract |
| Chicago Wheat | 01.00-13.45, 14.30-19.20 | cents/bushel | 1 | 0.4 | 1.5 | 0.1 per contract |
Barrier options Other
| Market name | Dealing hours | One point means | Minimum bet | Available spread [7] | Knock-out premium [6] | Commission [9] |
| Bund | 07.05-21.00 | - | 1 | 1.3 | 5 | 0.1 per contract |
| US Dollar Basket | 01.00-22.00 (opens at 23.00 on Sundays) | - | 1 | 4.8 | 10 | 0.1 per contract |
| Volatility Index | 21.30-21.15 (opens at 23.00 on Sundays) | - | 1 | 0.06 | 0.2 | 0.01 per contract |
| EU Volatility Index | 07.05-21.00 | - | 1 | 0.1 | 0.4 | 0.01 per contract |
Notes
- Barriers, or barrier options, are trades on a bought option, which means you cannot go short on them. You can buy a call barrier if you expect the market to rise, and buy a put barrier if you expect the market to fall.
- Barriers are not available for rollover, regardless of any instructions held on your account. All barriers settle basis a pre-determined expiry rule. To find out more, take a look at each market’s individual information in the platform.
- Trades not already closed by you or knocked out expire automatically at the date/time indicated.
- A barrier is automatically closed off at 0 if the relevant bid/ask reaches the knock-out level before expiry. The knock-out level chosen by you is guaranteed and therefore protected from slippage.
- The open price (options premium) of a barrier is the difference between the underlying IG price and the knock-out level, plus the knock-out premium. The knock-out premium is included in our spread, so you pay it when you buy to open and receive it back if you sell to close before your knock-out level is triggered.
- The knock-out premium is variable, based on anticipated risk in the underlying market. The premium may increase if market volatility increases, and decrease if market volatility decreases. It is possible the value of the knock-out premium will change while you have an open position. If the premium increases your knock-out will be worth more, and if the premium decreases your knock-out will be worth less.
- Spreads are subject to variation, especially in volatile market conditions. The spreads are equivalent to underlying IG market spreads. Please see the individual IG underlying market pages (indices, forex and commodities) for further information on how their spread is determined.
- The cost of buying a barrier is the opening price (options premium) multiplied by the size of the bet. This is the maximum amount that the bet can lose.
- Commission applies upon both the opening and closing of a trade.
Commodities overnight funding charges
- US and Brent crude funding is based on the market cost of carry. Seperately a 3% per annum admin fee is applicable.
- For Spot Gold and Spot Silver the overnight funding adjustment is based on the tom-next spread. Seperately a 0.3% per annum admin fee is applicable.
Vanilla options
Daily commodity vanilla options
| Market | Dealing hours | Contract size | Min Bet | Available spread | Commission | Retail margin (when selling) | Professional margin (when selling) |
|---|---|---|---|---|---|---|---|
| Oil - Daily US Crude | 23 hours (1) | $1 | $1 | 5-6 | $0.1 per contract | 2% | 0.5% |
| Daily Spot Gold | 21 hours (1) | $1 | $1 | 0.5-1 | $0.1 per contract | 2% | 0.5% |
| Daily Spot Silver | 21 hours (1) | $1 | $1 | 1-2 | $0.1 per contract | 2% | 0.5% |
Daily commodity vanilla option notes
- Daily commodity options settle basis the official exchange close of the relevant contract month. Daily Gold and Daily Silver options are offered from 07:15 Monday morning until 18:29 and 18:24 respectively. Pricing is then offered from 21:00 for the following days settlement. Daily US Crude options are available from 07:15 Monday until 19:29. Pricing is then offered from 21:00 for the following days settlement.
- If you are a client of IG Europe GmbH and the Derivatives Customer Agreement is revoked in accordance with the revocation instruction set out in that agreement, any Transaction already concluded under that agreement will not be revoked, but closed under the relevant terms of the Derivatives Customer Agreement which shall continue to apply to such closure together with these Product Details irrespective of the revocation of such agreement.
Weekly commodity vanilla options
| Market | Dealing hours | Contract size | Min Bet | Available spread | Commission | Retail margin (when selling) | Professional margin (when selling) |
|---|---|---|---|---|---|---|---|
| Weekly Oil - US Crude (1) | 10.00 - 19.29 GMT | $1 | $1 | 5-6 | $0.1 per contract | 2.00% | 0.5% |
| Weekly Gold (1) | 10.00 - 18.29 GMT | $1 | $1 | 0.5-0.8 | $0.1 per contract | 2.00% | 0.5% |
Weekly commodity vanilla option notes
- Weekly commodity options settle basis the official settlement of the relevant contract month on the last business day of the week.
- If you are a client of IG Europe GmbH and the Derivatives Customer Agreement is revoked in accordance with the revocation instruction set out in that agreement, any Transaction already concluded under that agreement will not be revoked, but closed under the relevant terms of the Derivatives Customer Agreement which shall continue to apply to such closure together with these Product Details irrespective of the revocation of such agreement.
Monthly commodity vanilla options
| Market | Dealing hours | Contract size | Min Bet | Available spread | Commission | Retail margin (when selling) | Professional margin (when selling) |
|---|---|---|---|---|---|---|---|
| Oil - US Crude (1) | 10.00- 19.29 GMT | $1 | $1 | 5-6 | $0.1 per contract | 2% | 0.5% |
| Gold (1) | 10.00 - 18.29 GMT | $1 | $1 | 0.6-1.2 | $0.1 per contract | 2% | 0.5% |
| Silver (1) | 10.00 -18.25 GMT | $1 | $1 | 0.4-1.6 | $0.1 per contract | 2% | 0.5% |
Monthly commodity vanilla option notes
- Monthly commodity options settle basis the official settlement of the relevant contract month on the expiry day.
- If you are a client of IG Europe GmbH and the Derivatives Customer Agreement is revoked in accordance with the revocation instruction set out in that agreement, any Transaction already concluded under that agreement will not be revoked, but closed under the relevant terms of the Derivatives Customer Agreement which shall continue to apply to such closure together with these Product Details irrespective of the revocation of such agreement.
