Commodities

Spread Betting and CFD trading has opened up the commodity markets to private investors that might not otherwise have had access to them.  We offer a wide range of commodity markets, all with competitive spreads that are available to trade from low minimum sizes, via our online dealing platform.

Overview

ProductLast Trading
Day and Time
Settlement InfoQuotation
Cycle
Min Stake
Long / Short
Base Margin
Requirement
Indicative
Spread
per Unit
Metals
Gold Future Four Business Days prior to the first day of the contract month (or previous business day) (1800h) Daily Settlement of the Underlying Exchange Contract on our Last Trading Day Feb, Apr, Jun, Aug, Dec 0.5 2.00% 5 0.1
Silver Future Four Business Days prior to the first day of the contract month (or previous business day) (1800h) Daily Settlement of the Underlying Exchange Contract on our Last Trading Day Jan, Mar, May, Jul, Sep, Dec 2 5.00% 3 0.01
Platinum Future Four Business Days prior to the first day of the contract month (or previous business day) (1800h) Daily Settlement of the Underlying Exchange Contract on our Last Trading Day Jan, Apr, Jul, Oct 0.5 2.00% 20 0.1
Energy
US Light Crude Oil Future Four Business Days preceeding the 25th Calendar Day of Previous Month Daily Settlement of the Underlying Exchange Contract on our Last Trading Day Monthly 0.5 4.00% 5 0.01
Brent Crude Oil Future The business day prior to the business day 15 days before the 1st Calendar Day of Contract Month Daily Settlement of the Underlying Exchange Contract on our Last Trading Day Monthly 0.5 2.00% 6 0.01
Soft
Feed Wheat Future 3rd Friday (or previous Business Day) of Previous Month Daily Settlement of the Underlying Exchange Contract on our Last Trading Day Jan, Mar, May, Jul, Nov 35.5 2.00% 1 1

Please note, as a general (but not exact) rule, the last dealing time is approximately 30 minutes before that of the underlying product on the relevant exchange.

Trading Example - Crude Oil

Our US Light Crude Oil Futures price is currently 90.47/90.53

You think that the price of US crude oil will fall and so you decide to sell £2 per point (0.01) at 90.47.

Your judgement was not right this time and US crude oil rallies. Our price rises to 91.23/91.28 and you decide to take your loss and buy back your position at 91.28.

A one point movement is 0.01 and so you lose 81 points (91.28 – 90.47) x your £2 stake = £162 loss.

Trading Example - Gold

Our Spot Gold Rolling contract is currently 1679.3/1679.8.

You think that the price of gold will increase as investors rush to find a safe place for their money. You decide to buy £2 per point (0.1) of spot gold at 1679.8.

Two weeks later gold has moved higher and our Spot Gold Rolling price is now 1705/1705.5.

You sell to close your position at 1705 making 252 points (1705.0 – 1679.8 where one point = 0.1) x your stake of £2 = £504 profit.