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Commodities trading
Strike while the iron, copper, lead, zinc, nickel or cobalt is hot. Open an account with us to start trading commodities – including metals, energies and agricultural markets.
Start trading today. For account opening enquiries call 1800 601 799 between 9am and 6pm (AEDT) weekdays, or email newaccounts.au@ig.com.
Why trade commodities with us?
Access a wide range of commodity markets
Choose from 35 commodities or a range of commodity stocks and ETFs
Speculate on continuous prices
Take a position on commodity spot prices with our undated market offering
Get the best commodity prices
Keep your costs down with spreads from just 2.8 points on Brent Crude and 0.3 on gold*
Achieve your trading goals
Trade short term with CFDs or invest long term with share trading
Keep up to date on market movements
See live market updates with our in-platform newsfeed
Protect your capital
Attach a guaranteed stop to cap your risk1 – even in the most volatile market conditions
Ways to trade commodities with us
| Commodity CFD trading | Commodity share trading | |
| Markets to trade | Spot prices, futures, options contracts, shares and ETFs | Shares and ETFs |
| Main benefits | Go long or short on market prices. | Take ownership of shares to gain voting rights and dividends if paid |
| Traded in | Contracts | Shares |
| Commission | Share CFDs are subject to commission. All other markets are charged via the spread | Invest in international shares commission-free (0.7% FX fee applies), or Australian shares from just A$52 |
| Platforms | Web, mobile app and advanced platforms | Web and mobile app |
| Learn more | Learn more |
Note: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
How to trade commodities
- Open a trading account
- Find an opportunity
- Take a position
- Monitor your trade
Open a commodity trading account now
Open a commodity trading account now
Ahead of the curve
Founded in 1974 as the first company of its kind. We’re ASIC-regulated and trusted by 320,000+ clients with the security of their money.
IG Australia is part of IG Group Holdings PLC, which is a member of the FTSE 250.
Fast, efficient online platforms
Seize your opportunity in seconds and take full control over each of your trades with our easy-to-use platform and apps.
Award-winning service
We have a dedicated team on hand to support you, and you can also benefit from knowledge-sharing with IG Community and IG Academy.
Trade on our award winning platform4
Trade commodities anywhere, anytime on our award-winning platforms.
- Web-based platform
- Mobile trading app
- TradingView
- Meta Trader 4
Get interactive charts, minute-by-minute analysis and a suite of risk management tools, all from our intuitive online trading platform. Available for CFD trading and share trading accounts.
Trade on the go from our mobile and tablet app – with instant price alerts, trading signals and customisable charts. Available for CFD and share trading accounts.
Track markets via desktop and enhance your CFD trading performance with comprehensive charting and advanced technical analysis tools.
Trade gold, silver and oil markets on the popular MetaTrader4 platform – available only to CFD trading clients. Get the edge with 18 free indicators and thousands more add-ons.
Discover our commodities markets
- Energies
- Metals
- Softs
Trade our range of energy markets – including popular oils such as Brent Crude and US Crude.
Learn more about oil trading
Prices above are subject to our website terms and conditions. Prices above are indicative only.
Prices above are subject to our website terms and conditions. Prices above are indicative only.
Take a position on more than 20 types of soft commodities.
Prices above are subject to our website terms and conditions. Prices above are indicative only.
Find a commodity to trade
Looking for a commodity? Use our search tool to find charts, data and news on the commodities you’re interested in.
Undated commodities vs commodity futures
Trade commodities at our undated ‘spot’ or futures prices – available via CFD trading. Your choice will depend on how long you intend to hold your position for. Learn more about undated commodities here.
Undated commodity markets
Take a position on the current value of a commodity with our proprietary ‘spot’ prices.
- Positions cost less to open, but will incur a fee if left open overnight
- Speculate on the underlying market price with no fixed expiries
- Perform technical analysis over the longer term with continuous charting
Commodity futures
Speculate on the underlying price of gold, silver or oil futures contracts.
- Trade over a longer time period – with no overnight funding fees
- Positions open at expiry will be rolled over automatically unless you specify otherwise
- Get a clear overview of your contract’s price within its date range
Commodities costs
- Spreads for commodities
- Margin for commodities
The spread is our charge for executing your trade. It’s the difference between the buy and sell price, which we wrap around the underlying market price.
| Market | Spread for futures | Spread for undated markets |
| OIL - US CRUDE | 6 | 2.8 |
| OIL - BRENT CRUDE | 6 | 2.8 |
| SPOT GOLD | 0.6 | 0.3 |
| SPOT SILVER (5000OZ) | 3 | 2 |
| CHICAGO WHEAT | 1 | 0.6 |
| LONDON SUGAR | 0.8 | 0.6 |
The charge will vary depending on whether you trade futures or our undated contracts. Futures have a wider spread, but no overnight funding charges – so are more cost-effective for longer-term trades. The spreads above are subject to variation. Learn more about our spreads.
CFDs are leveraged, which means you can gain full exposure for the fraction of the cost. The deposit you pay to open a position is called margin. Although it’s not an additional cost to you, it can make a big difference to the affordability of your trade.
Remember, leverage can magnify your losses, as well as magnify any profits.
| Market | Retail | Pro |
| OIL - US CRUDE | 10.0% | 1.2% |
| OIL - BRENT CRUDE | 10.0% | 1.2% |
| SPOT GOLD | 5.0% | 0.4% |
| SPOT SILVER (5000OZ) | 10.0% | 1.2% |
| CHICAGO WHEAT | 10.0% | 1.2% |
| LONDON SUGAR | 10.0% | 1.2% |
Find out more about our margin rates
Choose Australia's No.1 CFD provider5
Seize opportunity on 17,000+ markets, including major indices, forex pairs and shares.
Choose Australia's No.1 CFD provider5
Seize opportunity on 17,000+ markets, including major indices, forex pairs and shares.
Get the latest commodities news
Try these next
Discover everything you need to know about oil trading with us
Learn how to trade CFDs with IG, from opening an account to closing a position
Find out what ETFs are and how you can open your first position.
1 A small premium will be charged if your guaranteed stop is triggered.
2 There is a standard rate of A$5 per trade or 0.05% for trades above A$10,000.
3 As awarded at the Investors Chronicle and Financial Times Investment and Wealth Management Awards 2018, and at the Professional Trader Awards 2019.
4 Best Finance App, Best Multi-Platform Provider and Best Platform for the Active Trader as awarded at the ADVFN International Financial Awards 2024.
5 Number 1 in Australia by primary relationships, CFDs & FX, Investment Trends November 2024 Leveraged Trading Report.
* Other fees and charges may apply.
Contact
New clients
1800 601 799
newaccounts.au@ig.com
Existing clients
1800 601 799
newaccounts.au@ig.com
Lines open
24/7 except Sat 7am-12pm (AEDT)
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WhatsApp line open
24/7 except Sat 7am-5pm (AEST)
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Disclaimers
- CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You do not own or have any interest in the underlying asset. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. Please consider the Margin Trading Product Disclosure Statement (PDS), Risk Disclosure Notice and Target Market Determination before entering into any CFD transaction with us.
- The value of shares, ETFs and ETCs bought through an IG share trading account can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results.
- Please ensure you fully understand the risks and take care to manage your exposure.
- The information on this website is prepared without considering your objectives, financial situation or needs. Consequently, you should consider the information in light of your objectives, financial situation and needs.
- This website is operated by IG Australia Pty Ltd. IG Australia Pty Ltd is located on Level 32, Queen & Collins, 376-390 Collins Street, Melbourne, VIC 3000. ABN 93 096 585 410, Australian Financial Services Licence No. 515106. Derivatives Issuer Licence in New Zealand FSP No. 684191, NZBN 9429047618251.