CFDs are complex instruments and carry a significant risk of losing money. Leverage cap, retail loss percentage, and crypto availability are entity-specific — see risk disclosure for your jurisdiction.

Commodities

Metals, energy, and earth.

Commodities across metals, energy, agricultural, and soft contracts.

Markets: 14a selection
Spread from: 0.02 pts
Hours: varies
Most traded: XAU/USD

Reference snapshot · 06:00 UTC · refreshes hourly

Forward curve

XAU/USD

Contango+0.30%/moNot live

Front monthOct2,403.85oz0.00%vs front

Instruments

Metals

Energy

Agriculturals

Softs

THE CURVE BENCHDrawn shapes, not live quotes · as of 2026-06-13

Hot

24h move

Wides

By spread

Carry

By swap

Why commodities here

Hard assets, honest pricing

Gold, silver, and energy. The classic hedges, quoted with the same openness as our FX book.

Spreads from 0.02 pts
Metals and energy priced off deep futures liquidity, with the full cost on the ticket. Nothing is buried in the fill.
The monetary metals
Gold and silver against the dollar. The instruments traders reach for when rates, inflation, or risk sentiment turn.
Market access, varies
Metals trade nearly 24 hours on weekdays; energy follows its exchange calendar. Session times sit on every instrument page.
An auditable method
Roll dates, storage-linked financing, and spread construction are documented in the Markets Method. Nothing is implied.

Expiry

The roll calendar

A futures-based CFD tracks the front contract, and the front expires. Energy rolls every month, grains and softs walk their delivery cycles, and the spot metals never roll at all.

XAU/USD · XAG/USD · XPT/USD · COPPERSpot · no expirySpot-quoted metals never expire, so there is no roll window and no contract gap. Positions simply carry day to day through overnight financing.

Roll schedule per instrument: pattern, next window and incoming contract month
Instrument	Roll pattern	Next roll window	Rolls into
WTI	Monthly roll	Oct 17 – Oct 19 · in 13 days	Dec
BRENT	Monthly roll	Oct 26 – Oct 28 · in 22 days	Jan
NATGAS	Monthly roll	Oct 24 – Oct 26 · in 20 days	Dec
GASOLINE	Monthly roll	Oct 26 – Oct 28 · in 22 days	Dec
WHEAT	Delivery cycle · 5 rolls a year	Nov 19 – Nov 22 · in 46 days	Mar
CORN	Delivery cycle · 5 rolls a year	Nov 19 – Nov 22 · in 46 days	Mar
SOYBEAN	Delivery cycle · 5 rolls a year	Oct 19 – Oct 22 · in 15 days	Jan
COFFEE	Delivery cycle · 5 rolls a year	Nov 12 – Nov 15 · in 39 days	Mar
SUGAR	Delivery cycle · 4 rolls a year	Feb 18 – Feb 21 · in 137 days	May
COCOA	Delivery cycle · 5 rolls a year	Nov 12 – Nov 15 · in 39 days	Mar
XAU/USD	Spot · no expiry	None · spot	None · spot
XAG/USD	Spot · no expiry	None · spot	None · spot
XPT/USD	Spot · no expiry	None · spot	None · spot
COPPER	Spot · no expiry	None · spot	None · spot

Energy rolls every month. The front contract expires and pricing steps to the next listing.
Grains and softs follow their delivery cycles: four or five rolls a year, set by the underlying listing.
At a roll, the price steps by the front-to-next gap (the contango or backwardation drawn on the curve bench above) and the ticket is adjusted so the step itself is not profit or loss.

Typical roll windows as of 2026-08-03 · exact dates follow exchange calendars

Sort

Symbol	Bid / Ask				Trade
Metals
XAU/USD	2,403.852,403.86	0.390.62	0.15%	-4.8 / 3.3	Trade
XAG/USD	28.05628.056	0.1240.517	0.70%	4.5 / -5.0	Trade
XPT/USD	961.92961.92	0.370.57	1.08%	-5.9 / 7.2	Trade
COPPER	4.2554.256	0.1020.468	0.56%	-5.7 / 5.0	Trade
Energy
WTI	73.2573.25	0.060.37	1.44%Top mover	1.6 / -2.5	Trade
BRENT	78.0478.04	0.360.55	1.11%Top mover	4.6 / -3.3	Trade
NATGAS	2.5212.521	0.0480.346	0.68%	0.6 / -1.6	Trade
GASOLINE	2.13102.1310	0.1320.258	0.10%	3.9 / -4.5	Trade
Agricultural
WHEAT	581.52581.53	0.110.49	0.04%	3.2 / -3.8	Trade
CORN	430.80430.80	0.210.72	0.20%	-0.4 / 0.6	Trade
SOYBEAN	1,052.061,052.06	0.300.42	1.14%Top mover	4.0 / -3.2	Trade
Soft
COFFEE	211.81211.82	0.380.59	1.46%Top mover	3.6 / -2.2	Trade
SUGAR	21.92321.924	0.0820.646	0.10%	-1.7 / 0.8	Trade
COCOA	7,869.337,869.33	0.020.29	0.54%	2.8 / -4.1	Trade

Metals
XAU/USD
XAU/USD change negative 0.15%
2,403.85
Trade
XAG/USD
XAG/USD change negative 0.70%
28.056
Trade
XPT/USD
XPT/USD change negative 1.08%
961.92
Trade
COPPER
COPPER change positive 0.56%
4.255
Trade
Energy
WTI
WTI change negative 1.44%
73.25
Trade
BRENT
BRENT change positive 1.11%
78.04
Trade
NATGAS
NATGAS change positive 0.68%
2.521
Trade
GASOLINE
GASOLINE change positive 0.10%
2.1310
Trade
Agricultural
WHEAT
WHEAT change negative 0.04%
581.52
Trade
CORN
CORN change negative 0.20%
430.80
Trade
SOYBEAN
SOYBEAN change negative 1.14%
1,052.06
Trade
Soft
COFFEE
COFFEE change negative 1.46%
211.81
Trade
SUGAR
SUGAR change positive 0.10%
21.923
Trade
COCOA
COCOA change negative 0.54%
7,869.33
Trade

Not live · updated 06:00 UTC

Prices here are not live to the tick; your fill comes from the platform's live quote.

A selection of our most-traded instruments. The full list is on the platform.

Bar shows 24h move vs the day's largest mover.

The assay

What one contract actually is

Commodities are the only market where every instrument quotes in its own physical unit: troy ounces, barrels, MMBtu, bushels, tonnes. Each assay card states the unit behind the quote, the exchange contract it prices from, the tick that moves it, and the venue that sets the world price.

Metals

XAU/USD
Gold
per oz
USD per troy ounce
Contract
COMEX GC · 100 oz
Tick
0.1 = $10.00 / contract
Venue
COMEX (CME) · London LBMA spot
OriginLondon / Zurich vaults
XAG/USD
Silver
per oz
USD per troy ounce
Contract
COMEX SI · 5,000 oz
Tick
0.005 = $25.00 / contract
Venue
COMEX (CME) · London LBMA
OriginLondon / New York vaults
XPT/USD
Platinum
per oz
USD per troy ounce
Contract
NYMEX PL · 50 oz
Tick
0.1 = $5.00 / contract
Venue
NYMEX (CME) · London LPPM
OriginSouth Africa · Zurich settlement
COPPER
Copper
per lb
USD per pound
Contract
COMEX HG · 25,000 lb
Tick
0.0005 = $12.50 / contract
Venue
COMEX (CME) · LME 3-month
New York quotes copper per pound; the LME benchmark runs per tonne.
OriginChile / Peru mine output

Energy

WTI
WTI Crude
per bbl
USD per barrel
Contract
NYMEX CL · 1,000 bbl
Tick
0.01 = $10.00 / contract
Venue
NYMEX (CME)
OriginCushing, Oklahoma
BRENT
Brent Crude
per bbl
USD per barrel
Contract
ICE B · 1,000 bbl
Tick
0.01 = $10.00 / contract
Venue
ICE Futures Europe (London)
OriginNorth Sea (BFOET)
NATGAS
Natural Gas
per MMBtu
USD per MMBtu
Contract
NYMEX NG · 10,000 MMBtu
Tick
0.001 = $10.00 / contract
Venue
NYMEX (CME)
OriginHenry Hub, Louisiana
GASOLINE
Gasoline (RBOB)
per gal
USD per US gallon
Contract
NYMEX RB · 42,000 gal
Tick
0.0001 = $4.20 / contract
Venue
NYMEX (CME) RBOB
OriginNew York Harbor

Agriculturals

WHEAT
Wheat
per bu
US cents per bushel
Contract
CBOT ZW · 5,000 bu
Tick
0.25 = $12.50 / contract
Venue
CBOT (CME), Chicago
OriginUS Plains · Black Sea
CORN
Corn
per bu
US cents per bushel
Contract
CBOT ZC · 5,000 bu
Tick
0.25 = $12.50 / contract
Venue
CBOT (CME), Chicago
OriginUS Corn Belt
SOYBEAN
Soybeans
per bu
US cents per bushel
Contract
CBOT ZS · 5,000 bu
Tick
0.25 = $12.50 / contract
Venue
CBOT (CME), Chicago
OriginUS Midwest · Brazil

Softs

COFFEE
Coffee (Arabica)
per lb
US cents per pound
Contract
ICE KC · 37,500 lb
Tick
0.05 = $18.75 / contract
Venue
ICE Futures US (New York)
OriginBrazil · Colombia (Arabica)
SUGAR
Sugar No.11
per lb
US cents per pound
Contract
ICE SB · 112,000 lb
Tick
0.01 = $11.20 / contract
Venue
ICE Futures US (New York)
OriginBrazil Centre-South · India
COCOA
Cocoa
per t
USD per metric tonne
Contract
ICE CC · 10 t
Tick
1 = $10.00 / contract
Venue
ICE Futures US (New York)
OriginCôte d'Ivoire · Ghana

Exchange-published contract specs · as of 2026-06-13

Commodities primer·6 short cards

What a futures roll is

Futures contracts expire on a schedule. Holding a position means rolling from the front month to the next; the broker price-adjusts so the chart stays continuous. The roll calendar above maps each instrument's next window.

Contango vs backwardation

Contango: far months trade above spot, so long rollers pay each cycle. Backwardation: far months trade below spot, so long rollers receive. Storage costs and yields drive the shape. Bend it yourself in the workshop below.

Weekend gold

Spot metals trade Sun 22:05 UTC to Fri 21:00 UTC in US summer time, an hour later in winter. A week that closes below support can gap on the Monday open. Weekend financing still accrues; the carry ledger below prices the triple-swap night.

Storage and quality

Commodities have grade and delivery rules built into the contract. WTI and Brent are two delivery points with different sulphur and gravity specs, not two names for one oil. Each assay card above states the exact contract behind the quote.

Supply shocks

Weather, geopolitics, and inventory reports move commodity prices in step changes rather than drift. Tight stops are easier to take out than to keep.

Quanto vs non-quanto

Priced in USD, commodities add a dollar leg to any non-USD account. A non-quanto CFD passes the FX move through to your P&L; a quanto CFD strips it out for a small premium.

The curve workshop

Bend the curve yourself

Every forward curve is one tug-of-war. Financing and storage push the far months up; scarcity (how badly the market wants the physical in hand today) pulls them down. Pick an instrument and turn the one dial the market actually moves.

Indexed forward strip · front = 100

Contango+0.32%/moTypical shape

Instrument

Vault metal. Storage is trivial and nobody is desperate for bars in hand, so financing wins. Gold almost never leaves contango.

Scarcity dial0.1%/yr

Abundant · carry winsScarce · curve inverts

Convenience yield: the premium the market pays to hold the physical now instead of a promise of it later.

Slope ≈ financing + storage − scarcity

Financing: +3.6%/yr
Storage: +0.3%/yr
Scarcity: −0.1%/yr
Net carry: +3.9%/yr

Long holder

Rolling a long up this curve means re-buying a dearer month every roll, a drag of about 0.32% per month before any price move.

Short holder

A short mirrors it: every roll re-sells the dearer month, about 0.32% per month of tailwind before any price move.

Hold that shape through six monthly rolls and the roll cost alone compounds to roughly 1.9% against a long. The curve, not the headline price, did that.

FAQ·6 questions

How much leverage do commodities get?
Retail caps depend on the instrument: gold is commonly 1:20, other commodities 1:10. The platform shows your available leverage per instrument before you trade.
When do commodities trade?
Spot metals quote nearly 24 hours on weekdays with a short daily break. Energy and agricultural contracts follow their exchange calendars; exact hours are listed on each instrument page.
How does overnight financing work on metals?
Spot gold and silver carry a daily swap that reflects the interest-rate and lease-rate differential, typically a small debit for longs. It can flip sign when rates move, and one triple-swap night each week books the weekend in advance.
What does one lot of gold represent?
One standard lot of XAU/USD is 100 troy ounces, so a $12 move per ounce is $1,200 per lot. Fractional lots let you size far smaller; the calculators do the math for your account.
Do commodity CFDs expire?
Spot metals don't: XAU/USD and XAG/USD carry day to day with no contract to outgrow. Energy and agricultural CFDs track futures that do expire. At each roll the book re-references to the next contract and the price steps by the front-to-next gap, with an adjustment so the roll itself is not profit or loss. Each instrument's next window is plotted on the roll calendar higher up the page.
Does contango cost me money?
Held through a roll, yes: a long re-buys a dearer month each cycle (a drag that accrues before any price move) while a short earns the mirror of it. Backwardation flips both signs. The curve workshop above lets you bend the shape yourself and see what six rolls cost either way.

Holding costs

The carry ledger

Close a commodity CFD intraday and you pay the spread once. Hold it overnight and a second flow starts: financing on the notional you carry. Both are arithmetic, not mystery. Here they are, itemised for gold, the metal on the bench above.

The financing leg

Every commodity in this catalogue is quoted in US dollars, so both directions fund off one benchmark: SOFR. Long positions pay SOFR plus our 2.5% annual markup; short positions receive SOFR minus the markup, which can flip negative when rates are low.

Notional × (SOFR ± markup) ÷ 360

Curated3.60% as of Jun 11, 2026· Reference rate · live feed pending

The worked ledger

The ticket: 1 lot XAU/USD = 100 oz at $2,403.85, $240,385 notional. Every line below carries this position.

Nights held

Worked carry ledger · 1 lot XAU/USD · both directions
Line item	Long	Short
Spread crossed at entry0.62 pts × $0.01/pt × 100 oz	−$0.62	−$0.62
Financing × 1 night	−$40.736.10% p.a. ≈ −$40.73 / night	+$7.351.10% p.a. ≈ +$7.35 / night
Net carry after 1 night	−$41.35	+$6.73

After 1 night: long −$41.35, short +$6.73.

Positive values are credited to the account; negative values are debited. Financing accrues on the full notional, not on your margin.

Worked figures, not a quote · SOFR fixing as of 2026-06-11 · live rates apply at execution

Worked trade·Made-up numbers, not advice

Sell XAU/USD at 2412.40, target 2400.40 (a 12.00 USD move per ounce) on 100 oz, before financing.

Direction: Sell
Entry: 2412.40
Target: 2400.40
Move: 12.00
Size: 100 oz
Hypothetical P&L: +$1,200

Made-up levels. Excludes commission and overnight financing; not a forecast or advice.

Open in calculators

Costs

Three costs, all on the table

Everything you pay to hold a commodities position, shown on gold, the busiest metal on the book.

Shown on XAU/USD

Spread0.4–0.6 pts
The bid/ask difference, tightest on gold while London and New York are both open, wider when liquidity thins.
Overnight swap-4.8 / 3.3 pts
A daily credit or debit for holding past the roll, long versus short, set by the rate and lease-rate differential.
CommissionSpread-only
No separate commission on standard accounts; the spread is the cost. Raw-spread accounts charge commission per side, at the rate published for your entity.

Markets method

See how we price markets.

Six chapters on where the prices on these pages come from: liquidity, spreads, rollovers, gap pricing, exchange aggregation, and the audit trail.

Read the method

Cross-class compare

Compare instruments

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XAU/USD

Metals

Energy

Agriculturals

Softs

Spreads from 0.02 pts

The monetary metals

Market access, varies

An auditable method

Metals

Energy

Agriculturals

Softs

What a futures roll is

Contango vs backwardation

Weekend gold

Storage and quality

Supply shocks

Quanto vs non-quanto

Long holder

Short holder

The financing leg

The worked ledger

See how we price markets.

Compare instruments

Shares

Ready to trade these markets.