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What are IG's commodities CFD product details?

What are IG's commodities CFD product details?

Discover a unique range of commodities to trade, including 27 major market with no fixed expiries. Enjoy the tightest commodity spreads on the market with no insurance costs.

Download all margin for commodities CFDs here:

Get live commodity prices, search for your market and find out more about trading commodities with IG on our CFD website.

  • Energies

  • Metals

  • Base metals contracts

  • Softs

  • Table notes

Undated energies information table

All contracts have no fixed expiry date.

Contract

Value of one contract
(per full point)

Contract spread

Limited risk
premium

Margin requirement
(per contract)

Product Details

$10

2.8

3

20%

$10

2.8

3

20%

$4.20

20

20

20%

$10

3

20

20%

$4.20

30

20

20%

Weekend Oil - US Crude

SGD1

75

n/a

20%

Energy futures information table

Unless expressly agreed otherwise with IG, positions on futures CFDs will be rolled over to a later date by default, details of which can be found in the product details. Where a client has agreed with IG to expire index futures CFDs, we will do so on specific future dates, with cash-settlement as shown in the product details.

Note: We offer mini versions of all energies futures contracts at 50% of the main contract size and margin requirement (25% for Natural Gas).

Contract
(London Time)

Value of one contract
(per full point)

Contract spread

Limited risk
premium

Margin requirement
(per contract)

Product Details

Oil - US Crude
24 hours (except 2200-2300)

$10

6

3

20%

$10

6

3

20%

Heating Oil
24 hours (except 2200-2300)

$4.20

30

20

20%

No Lead Gasoline
24 hours (except 2200-2300)

$4.20

30

20

20%

Natural Gas
24 hours (except 2200-2300)

$10

20

20

20%

FCPO
0230 - 0430
0630 - 1000

MYR 25

12

10

20%

Carbon Emissions
0700 - 1700

$10

6

30

20%

EU Natural Gas
0050-2200
2250 Sunday night open

EUR1

20-40

n/a

20%

UK Natural Gas
0700-2200

£1

8-16

n/a

20%

Weekend metals information table

We offer two different types of metals contract: Spot and Future. The two types work in slightly different ways.

Spot metals information table

Spot metals position remain open until you choose to close it. Separate daily funding adjustments are made for Spot Metals.

Contract
​(London time)

One contract means

Value of one contract
(per full point)

Contract spread

Limited risk
premium

Margin requirement
(per contract)

Product Details

Spot Gold
24 hours (except 2200-2300)

100 troy oz

USD100

0.3

0.5

20%

Spot Silver
24 hours (except 2200-2300)

5000 troy oz

USD50

2.0

2

20%

Weekend Spot Gold

n/a

SGD1

3.5

n/a

20%

Weekend Spot Silver

n/a

SGD1

12

n/a

20%

Undated metals information table

Contract

One contract means

Value of one contract
(per full point)

Contract spread

Limited risk
premium

Margin requirement
(per contract)

Product Details

25,000 lbs

$2.50

30

30

20%

100 metric tonnes

CNH100

4.5

3

20%

Metals futures information table

Unless expressly agreed otherwise with IG, positions on futures CFDs will be rolled over to a later date by default, details of which can be found in the product details. Where a client has agreed with IG to expire index futures CFDs, we will do so on specific future dates, with cash-settlement as shown in the product details.

Contract
​(London time)

One contract means

Value of one contract
(per full point)

Contract spread

Limited risk
premium

Margin requirement
(per contract)

Product Details

Gold
24 hours (except 2200-2300)

100 troy oz

$100

0.6

0.3

20%

Silver
24 hours (except 2200-2300)

5000 troy oz

$50

3

2

20%

High Grade Copper
24 hours (except 2200-2300)

25,000 lbs

$2.50

40

30

20%

Platinum
24 hours (except 2200-2300)

50 troy oz

$50

2

1.5

20%

Palladium
24 hours (except 2200-2300)

100 troy oz

$100

2

2

20%

Base metals information table

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 dealing hours
(London time)

One contract means

Value of one contract

Value of one contract

Contract spread

Limited risk premium

Margin per lot

Product Details

Contract and dealing hours
(London time)

One contract means

Standard

Mini

Contract spread

Limited risk premium

Margin per lot

Product Details

Aluminium
01.00-18.00

25 metric tonnes

$25

$5

6

8

20%

Copper
01.00-18.00

25 metric tonnes

$25

$5

10

10

20%

Lead
01.00-18.00

25 metric tonnes

$25

$5

6

8

20%

Nickel
01.00-18.00

6 metric tonnes

$6

$1

30

40

20%

Zinc
01.00-18.00

25 metric tonnes

$25

$5

6

8

20%

Undated softs information table

All undated contracts have no fixed expiry date.

Contract

Value of one contract (per full point)

Contract spread

Limited risk premium

Margin requirement (per contract)

Product Details

£10

3

4

20%

$10

4

5

20%

$10

3

6

20%

$3.75

20

20

20%

$1.5

24

40

20%

$4

12

30

20%

$5

15

15

20%

$1.10

60

80

20%

$50

0.6

0.8

20%

$11.20

3

4

20%

$50

0.6

1.5

20%

$50

0.6

1.5

20%

$2

20

40

20%

$50

1.2

2

20%

$1

40

50

20%

$6

6

8

20%

Soft futures information table

Unless expressly agreed otherwise with IG, positions on futures CFDs will be rolled over to a later date by default, details of which can be found in the product details. Where a client has agreed with IG to expire index futures CFDs, we will do so on specific future dates, with cash-settlement as shown in the product details.

Note: We offer mini versions of our commodity futures contracts at 20% or 50% of the main contract size and margin. Please see note 7 for more information.

Contract
(London Time)

Value of one contract (per full point)

Contract spread

Limited risk premium

Margin requirement (per contract)

Product Details

Cocoa (US)
New York
0945-1830

$10

8

6

20%

Coffee Arabica
New York
0915-1830

$3.75

40

20

20%

Corn
Chicago
0100-1345
1430-1920

$50

1

1.5

20%

Cotton
New York
20.00-13.20

$5

25

15

20%

Soyabeans
Chicago
0100-1345
1430-1915

$50

2

2

20%

Sugar No.11 World
New York
0830-1800

$11.20

5

4

20%

Wheat (Chicago)
Chicago
0100-1345
1430-1915

$50

1

1.5

20%

1. We offer futures CFDs on a wide range of commodities as well as spot contracts on gold and silver. Futures CFDs expire on specific future dates and are cash-settled as detailed in the ‘Expiry details’ tab. Futures CFDs can be rolled over from one contract to the next at your request.

2. All contracts expire at specified future dates and are cash settled; we quote you our own bid/offer spread based on the underlying oil or gas price or commodity price.

3. All the instruments described on this site are Contracts For Difference (CFDs). Our contracts give you exposure to changes in the value of the underlying instrument prices but they are cash settled and cannot result in the delivery of any underlying instrument.

4. We offer mini versions of all energy futures contracts at 50% (for energy) of the main contract size and margin requirement (25% for Natural Gas); other commodities futures contracts at 20% or 50% of the main contract size and margin; Future Metals contracts at 20% of the main contract size and margin requirement (the exceptions are Gold, where the mini contract is 33% of the main contract size and margin requirement, and Copper (High Grade), where we offer US$1 contracts)

5. 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 0.5% of the current spot rate. You may change this default to a daily conversion any time via our online dealing platform. For daily conversions, our system will convert the currency automatically. However, you may experience currency fluctuations on your account prior to the conversion.

6. 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 tiered margining page for more details.

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

8. Spreads are subject to variation, especially in volatile market conditions. Our dealing spreads may change to reflect the available liquidity during different times of day. Our normal spread is shown in the table.

9. Large trades may be subject to wider spreads which is known as tiered pricing. Learn more here.

10. Please note that tiered pricing is only available on the IG platform.

11. For limited-risk trades a limited-risk premium is charged if your guaranteed stop is triggered. The potential premium is displayed on the deal ticket, and will form part of your margin when you attach the stop.

12. Minimum transaction sizes usually start from one contract. Please refer to the 'Get Info' section within our trading platform to find the minimum transaction size for each market. Subject to this minimum size, transactions may be in fractions of a contract.

13. The futures contract against which a futures metal is settled is designated in the name of the futures metal contract (e.g. DEC15).

14. Weekend markets are available from 4pm Saturday to 6.40am Monday (SGT) for commodities. During UK daylight savings time (BST), this will be 3pm Saturday to 5.40am Monday (SGT).

15. Weekend positions are automatically rolled into weekday trading at the same price level they were closed. Any attached stops or limits will also be carried over at their original levels.

16. Only stops and limits on a weekend position can be triggered over the weekend. All existing stops and limits on the weekday position can't be triggered on a weekend.

17. Your weekend positions will be netted off against any existing weekday positions if it remains open past the Weekend Market close. This will only apply in scenarios where both your weekday and weekend positions do not have any stops/limits attached. If you have hedged an existing weekday position with a weekend trade that has stop or limit attached to the weekend position, the trade will be force opened and rolled into a weekday position with the same stop or limit orders attached. As a result, you may hold both long and short positions when the weekday market resumes.

18. There are no rollover fees charged when weekend positions are rolled into weekday position., The weekend position will be settled basis the closing mid-price at the close of the weekend market. The equivalent weekday position in the same market will be opened at the same level it was closed at.

19. In addition, we do not charge overnight funding on weekend positions.

20. Our quotations reflect our own view of the prospects for each market. This could include taking a reference price from the last closing price of the market, analysing specific market or geographic news that may affect the equity index market we are pricing and movements in related or relevant underlying markets. Furthermore, orders placed by other clients may affect our quotations. There may also be nothing against which to measure our quotations at these times.

21. We do not offer the use of guaranteed stops on weekend positions.

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