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Tradin®

Commodities

In short

Gold, silver and two crude oil contracts. Metals and energy trade 24/5, and leverage steps down as the position grows.

Commodities move on supply, demand and the state of the wider economy rather than on company results. Metals are often bought when other markets look uncertain. Energy follows production decisions, stock levels and demand.

Metals

Symbol What it is Spread from Starting leverage
XAUUSD Gold against the US dollar, priced per troy ounce From 0.2 1:1000
XAGUSD Silver against the US dollar, priced per troy ounce From 0.04 1:100

Energy

Symbol What it is Spread from Starting leverage
USOIL West Texas Intermediate crude oil From 0.03 1:200
UKOIL Brent crude oil From 0.03 1:200

Leverage steps down as the position grows

Commodity leverage is dynamic, so the margin needed rises faster than the position does. Silver steps down soonest. See Dynamic leverage for the method.

XAUUSD, spot gold

Tier in lots Leverage Margin rate
< 1 1:1000 0.10%
< 10 1:500 0.20%
< 20 1:200 0.50%
< 50 1:100 1.00%
< 100 1:50 2.00%
1:10 10.00%

XAGUSD, spot silver

Tier in lots Leverage Margin rate
< 1 1:100 1.00%
< 5 1:50 2.00%
< 10 1:20 5.00%
< 20 1:10 10.00%
1:5 20.00%

USOIL and UKOIL

Tier in lots Leverage Margin rate
< 5 1:200 0.50%
< 15 1:100 1.00%
< 30 1:50 2.00%
< 50 1:20 5.00%
< 100 1:10 10.00%
1:5 20.00%

Trading conditions

Item Detail
Hours 24/5, from Sunday evening to Friday evening in server time
Commission None on spot metals or spot energy
Overnight fee swap applies to positions held past the end of the trading day

Metals and energy futures are separate instruments with their own symbols, and they are charged commission. See Commission.

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