What are IG's commodities CFD product details?

We offer futures CFDs on a wide range of commodities as well as spot contracts on gold and silver. Futures CFDs expire on specific future dates and are cash-settled as detailed in the ‘Expiry details’ tab. Futures CFDs can be rolled over from one contract to the next at your request.

All contracts expire at specified future dates and are cash settled; we quote you our own bid/offer spread based on the underlying oil or gas price or commodity price.

All the instruments described on this site are Contracts For Difference (CFDs). Our contracts give you exposure to changes in the value of the underlying instrument prices but they are cash settled and cannot result in the delivery of any underlying instrument.

We offer mini versions of all energy futures contracts at 50% (for energy) of the main contract size and margin requirement (25% for Natural Gas); other commodities futures contracts at 20% or 50% of the main contract size and margin; Future Metals contracts at 20% of the main contract size and margin requirement (the exceptions are Gold, where the mini contract is 33% of the main contract size and margin requirement, and Copper (High Grade), where we offer US$1 contracts)

When you trade in a currency other than your base currency, margin requirements and any profit or loss will be booked to your account in that currency. As a default, we will automatically convert any profit or loss you realise on closing a position to your base currency, including a charge of no more than 0.5% of the current spot rate. You may change this default to a daily conversion any time via our online dealing platform. For daily conversions, our system will convert the currency automatically. However, you may experience currency fluctuations on your account prior to the conversion.

Please note that tiered margining applies; this means that higher margins may be required for large positions. You can find the applicable tiered margins from the Get Info dropdown section within each market in the trading platform. See our charges and tiered margining page for more details.

The last dealing day shown in the tables may not always coincide with the last dealing day on the relevant exchange.

Spreads are subject to variation, especially in volatile market conditions. We will not charge any additional commission unless we notify you in writing.

Large trades may be subject to wider spreads which is known as tiered pricing. Learn more here.

Please note that tiered pricing is only available on the IG platform.

For limited-risk trades a limited-risk premium is charged if your guaranteed stop is triggered. The potential premium is displayed on the deal ticket, and will form part of your margin when you attach the stop.

Minimum transaction sizes usually start from one contract. Please refer to the 'Get Info' section within our trading platform to find the minimum transaction size for each market. Subject to this minimum size, transactions may be in fractions of a contract.

The futures contract against which a futures metal is settled is designated in the name of the futures metal contract (e.g. DEC15).