CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please ensure that you fully understand the risks involved.
Discover a unique range of commodities to trade with no fixed expiries. You’ll enjoy ultra-fast, reliable execution on our powerful MT4 platform.
- Metals
- Oils
These positions are cash settled and cannot result in the delivery of any metal; we quote you our own bid/offer spread based on the underlying market.
Spot metals have no expiry date; the position remains open until you choose to close it. Separate daily funding adjustments are made for spot metals.
Contract |
MT4 symbol |
One contract means |
Value of one full point (CFDs) |
Normal contract spread [1] |
Min margin requirement (per contract) [6] |
|---|---|---|---|---|---|
| Spot Gold | XAUUSD.s | 100 troy oz | $100 | 0.3 | 20% |
| Spot Silver | XAGUSD.s | 5000 troy oz | $5000 | 2.0 | 20% |
Notes to table
Our metals contracts are a special form of CFD and give you exposure to changes in the price of metals.They are cash settled and cannot result in the delivery of the underlying metal.
1. a) CFDs on spot metals are quoted based on quotes in the underlying market available to us from the banks and liquidity providers with which we trade. We do not apply any weighting or biases to our pricing sources.
b) Spreads are subject to variation, especially in volatile market conditions. Our dealing spreads may change to reflect the available liquidity during different times of day. Our normal spread is shown in the table.
c) Dealing spreads may be offered as a fixed or variable amount. If variable spreads are in use, then the spread shown in this table is the amount of IG spread added to the underlying futures market spread. Any variable dealing spreads are marked with an asterisk (*).
d) We will not charge any additional commission unless we notify you in writing.
2. Minimum transaction sizes usually start from 0.1 contract. Subject to this minimum size, transactions may be in fractions of a contract.
3. We quote spot metals 24 hours a day (except
4. For spot metal transactions, funding adjustments are calculated and posted to the client's account daily. Funding adjustments are calculated based on the relevant tom-next spread, including an admin fee of 0.5% p.a (0.8% for mini contracts). An adjustment is calculated for any position opened before 22.00 that is still open after 22.00 (London time).
5. When you trade in a currency other than your base currency your profit or loss will be realised in that currency and will be booked to your account in that currency. As a default, we will automatically, and on a daily basis, convert any positive or negative balance on your account in a currency other than your base currency to your base currency.
6. Margin requirements represent a percentage of the overall position value.
All contracts have no fixed expiry date.
Contract |
MT4 symbol |
One contract means |
Value of one full point (CFDs) |
Normal contract spread [1] |
Min margin requirement (per contract) [4] |
|---|---|---|---|---|---|
| Oil – US Crude | USOIL.s | 1000 barrels | $10 | 2.8 | 20% |
Where you see a number or letter in brackets in the tables, the corresponding note can be found below.
1. Spreads are subject to variation, especially in volatile market conditions. If the underlying market spread increases significantly, our spread may increase.
2. Please note that tiered margins apply; this means that higher deposits may be required for large positions. See our margin page for further details. You can find the tiered margins for each market from the Get Info section in our dealing platform.
3. Commodity funding is based on the market cost of carry including an admin fee of 3% per annum.
How to download MetaTrader 4
New to IG
To start trading with Metatrader 4, first you’ll need to create an IG account. Once you have an IG account set up, you will be able to set up MT4 in the client area.
Already an IG client?
Simply log in to My IG and go to the ‘live accounts’ tab. You’ll find MT4 for CFDs by clicking ‘add another account.’
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