Over 40 years’ heritage
Over 185,000 clients worldwide
Over 15,000 markets

Commodities

Get flexible access to a unique range of global commodities markets, including Spot Gold, from 2% margin.

Live commodity prices

Markets Bid Offer Updated Change
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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 product enables you to take a cost-effective short-term view on 26 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.

  • Lower spreads

    Enjoy one of the lowest 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

How do we make our prices?

To price these markets we use two futures contracts on the underlying commodity. For each market we look at the contracts that have sufficient liquidity, then use the two with the nearest expiry dates.

The one that has the closest expiry date is called the front month contract, and is labelled ‘A’ in our diagram. The one with the second-nearest expiry date is called the back month contract and is labelled ‘B’.

As soon as the previous contract expires, the price we offer is equal to the price of ‘A’. When ‘A’ expires, ‘B’ becomes the front month contract, and our price is equal to the price of ‘B’.

In between these two expiry points, our price gradually moves from the price of ‘A’ towards the price of ‘B’. Depending on the commodity, the price of ‘B’ can be higher or lower than the price of ‘A’.

Overnight funding charges for these markets reflect one day’s movement along the forward curve from the price of ‘A’ towards the price of ‘B’.

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

    Trade on Spot Gold from 0.3 points, Spot Silver from 2.5 points and US Light Crude from 6 points

Commodities

Commodities

 

CFDs

Margin requirements

Spot Gold 0.3 2%
Spot Silver (5000oz) 2.5 2%
Oil - US Crude 3.0 20%
Oil - Brent Crude 3.0 20%
Chicago wheat 0.8 20%

 

Full contract details

Commodities market insight

Commodities futures

Commodities futures

 

CFDs

Margin requirements

Gold 0.6 20%
Silver 3 20%
Oil - US Crude 4.0 20%
Oil - Brent Crude 4.0 20%
Chicago wheat 1.0 20%

 

Open an account now

It's free to open an account, takes less than five minutes, 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.

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

Formula

P = (TN – T1) / (T2 –T1) * (P2 – P1) + P1
P = Calculated Price
TN = Now
T1 = Expiry date of the previous front future
T2 = Expiry date of the front future
P1 = Price of front future
P2 = Price of next future
P = (Time since previous front month expiry) / (Time between front future and previous front future) * (Difference in price between front and next future) + front future price

Example
TN = 20/5/2015
T1 = 19/5/2015
T2 = 22/6/2015
P1 = 5852.5
P2 = 5901.5
P = (TN – T1) / (T2 –T1) * (P2 – P1) + P1
P = 1.5 days / 34 days * (5901.5 – 5852.5) + 5852.5
P = (1.5/34 * 49) + 5852.5 = 5854.6

Contact us

Our office is open 5 days a week Monday to Friday from 9am to 6pm. Support line is available 24hrs a day Monday to Friday.

+65 6390 5118

You can also email us helpdesk@ig.com.sg

Visit our storefront office at 9 Battery Road