Trading Commodities Online

Commodities
INSTRUMENT MT4 Symbol Currency Exchange Units Typical Spread (Pips) Margin Standard Contract Size Trading Hours GMT
Gold XAU USD NA Troy Oz 55 1.00% 100 23:01-21:59
Silver XAG USD NA Troy Oz 5.5 1.00% 100 23:01-21:59
CORN CORN USD CBOT Bushels (100) 2.25 2.00% 50 01:01-13:45 &14:30-19:14
WHEAT WHEAT USD CBOT Bushels (100) 2.25 2.00% 50 01:01-13:45 &14:30-19:14
COFFEE COFFE USD ICE US Ilbs (100) 10 2.00% 375 09:16-18:29
SUGAR SUG11 USD ICE US Ilbs (100) 6 2.00% 1120 08:31-17:59
GAS NGAS USD NYMEX mmBtu 6 2.00% 10000 23:01-21:59
Crude Oil CL USD NYMEX Barrel 6 2.00% 1000 23:01-21:59
Brent Oil BRENT USD NYMEX Barrel 6 2.00% 1000 Mon 01:01-23:59 Tue to Fri 22:00-22:59 &01:01-22:00
Copper COPP USD COMEX Ilbs (100) 10 2.00% 250 23:01-21:59

* Overnight Interest both buy and sell are -0.0028%

Explanation of Terms from Table headings

 

Instrument- The FX currency pair or underlying asset of the CFD product to be traded.

Country- The country that the equity or bond is based in.

Standard Contract size- The lot size traded on each platform (Note: CM Trading in MT4 represents the standard lot size).

Standard Spread- The difference between the BID & the ASK price quote for each instrument under normal market conditions.

Margin Per Lot- The required margin to open a single lot of each instrument (Note: It is shown in notional terms).

Overnight Interest Sell/Buy- The overnight interest debited/credited in daily % terms for each instrument.

Trading Hours- The time that trading is available for the specified instrument.

Exchange- The exchange of the underlying asset.

Risk Warning:
Trading CFD’s on margin carries a high level of risk, and may not be suitable for all investors.

Commodities Spread Calculation

 

The CommoditiesTrading Conditions display the Standard Bid-Ask Spread OR ‘Spread Over Market’ for Commodity Instruments unless otherwise stated. Standard Spreads are as stated under Normal Market Conditions while the ‘Spread Over Market’ is the Mark-up CM Trading adds to the Current Market Spread.

Spread Cost Formula: Spread x Trade Size = Spread Charge in Currency Instrument is denominated in.

Example

For a 10 barrel Crude Oil Trade, with a Spread of 4 pips ($0.04), the calculation is as follows:

0.04 X 10 = $0.40*

CM Trading is compensated through the Bid-Ask spread, except when otherwise stated.

CM Trading does not charge commissions on any trade.

Commodities Margin Calculation

 

All Instruments are traded on Margin allowing you to Leverage your positions. The Commodities Trading Conditions display Margin Amounts as a Percentage (%).

Percentage Margin Formula: Position Size x Current Price x Margin (%) = Margin Required*

* Margin Required is calculated in the Currency the Instrument is Denominated in.

Example

For a 10 barrel Crude Oil Trade, with a Market Price of $64.00 and a Margin Requirement of 2.00%, the calculation is as follows:

Percentage Margin Requirement: 10 x 64 x 0.02 = $12.80*

Commodities Buy/Sell Overnight Interest Calculation

 

The Commodities Trading Conditions display the Over-Night (O/N) Interest Rates Charged/Paid on a daily basis for holding a position open past the End of Day time. These are displayed in the “Overnight Interest – Buy” and “Overnight Interest – Sell” columns. End of Day is 22:00 GMT except during Daylight Savings when it changes to 21:00 GMT.

You can use the following formula to calculate your Overnight Interest amount:

Trade Size x End of Day Market Price x Daily Overnight Interest = Daily Overnight Interest Charged/Paid*

*Overnight Interest Charged/Paid is calculated in the Currency the Instrument is Denominated in.

Example

For a 10 barrel Crude Oil Trade, with an End of Day Market Price of $50.00 and a Daily Overnight Interest Buy (or Sell) rate of -0.0028%, and subject to a charge for 1 day, the calculation is as follows:

10 x 50.00 x -0.000028 = -0.014 = -$0.01* rounded.

Note: CM Trading platforms display overnight interest (swaps) in annualised terms.

CM Trading is the Brand name of
Global Capital Markets Trading and BLACKSTONE Marketing SA(PTY)LTD (GCMT SA)

Credit cards are processed by CMT Processing Limited, Georgiou Griva Digeni, Pamelva Court, 3035, Limassol, Cyprus. Reg. No. HE340325.

 

HIGH RISK WARNING:
Trading Foreign Exchange (Forex) and Contracts for Differences (CFD’s) is highly speculative, carries a high level of risk and may not be suitable for all investors. You may sustain a loss of some or all of your invested capital, therefore, you should not speculate with capital that you cannot afford to lose. You should be aware of all the risks associated with trading on margin.

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