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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

Iron Ore

(IRN)

Iron Ore chart This market's chart. This is a visual representation of the price action in the market, over a certain period of time. You can use this to help gauge a market’s performance.

Why trade commodities with IG?

Trade a unique range of markets

Choose from 27 popular and niche metals, energies and softs

Get the lowest spreads in the industry

Trade Spot Gold from as little as 0.3 points

Make your capital go further

Leverage gives you large exposure from a small amount of capital*

  • Costs and details
  • Related markets
  • CFD
  • Spreadbetting

Minimum size 0.50

Contract size CNH 100

One Pip means 1

Value of one Pip CNH 100 (GBP 11.01)

Margin 10%

Minimum stop distance 5

Minimum guaranteed stop distance 30

13:00 - 15:30 (UK - London Local Time)

05:30 - 07:00 (UK - London Local Time)

01:00 - 03:30 (UK - London Local Time)

Your aggregate position in this market will be margined in the following tiers:

Tier Position size Margin
1 0 - 94.95 Contracts - CNH 10%
2 94.95 - 189.9 Contracts - CNH 10%
3 189.9 - 284.85 Contracts - CNH 10%
4 284.85 + Contracts - CNH 10%

If your aggregate position is larger than Tier 1, your margin requirement will not be reduced by non-guaranteed stops.

Please note: we have tried to ensure that the information here is as accurate as possible, but it is intended for guidance only and any errors will not be binding on us.

GMT+8 (China Standard Time) Hours: 09:00 - 10:15 Session I 10:30 - 11:30 Session II 13:30 - 15:00 Session III 21:00-23:00 Overnight Session

* While leverage can amplify profits it also magnifies losses, as both are calculated on the full size of the position, not your initial margin. Always remember to use an effective risk management strategy.

* While leverage can amplify profits it also magnifies losses, as both are calculated on the full size of the position, not your initial margin. Always remember to use an effective risk management strategy.

Other positions taken by clients trading this market

Use this to see how IG client accounts with positions on this market are trading other markets. Data is calculated to the nearest 1%, and updated automatically every 15 minutes.

This is calculated to the nearest 1%.

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Real-time charts

Analyse commodity price action on charts with live and historical data, available for as long as you need

Trading signals

Identify the right time to trade on commodities and more, with free technical signals

Three types of alert

Be notified when a commodity changes an amount, hits a level or fulfills your technical conditions

Spot markets

Trade gold, silver and more with continuous charting and no monthly expiries

Real-time charts

Trading signals

Three types of alert

Spot markets

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Gold spreads from 0.3 points, continuous charting and greater profit and loss transparency. Find out more about why you should trade commodities with IG.

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1For CFDs, based on revenue excluding FX, published financial statements, October 2016; number of active UK financial spread betting accounts (Investment Trends UK Leveraged Trading Report October 2016); for forex based on number of primary relationships with FX traders (Investment Trends UK Leveraged Trading Report October 2016).