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.

Help and Support

Commodities CFD product details

Overnight funding adjustments on oil have recently increased due to market conditions. This means you’ll pay more when long and receive more when short. Find out why this is an adjustment, rather than a charge.


Download all margin for commodities CFDs here:

Commodities CFD Margin Tiers (Retail) (750KB)

Commodities CFD Margin Tiers (Professional) (750KB)

Get live commodity prices, search for your market and find out more about trading commodities with IG on our spread betting and CFD website.



  

Energies

 
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.

Note: We offer mini versions of all energies futures contracts at 50% of the main contract size and margin requirement (25% for Natural Gas).

Contract and dealing hours (London time)Value of one contractContract spread [2]Guaranteed stop premium [3]Retail margin requirementContract months and last dealing day [5]
(per full point(per contract) [9]
Oil - US Crude$106310%Current and next month
24 hoursfourth business day before the 25th of the prior month
(except 22.00-23.00)
Oil - Brent Crude$106310%Trading shall cease at the end of the designated
01.00-23.00settlement period on the day before the last Business Day

of the second month preceding the relevant contract month
Heating Oil$4.20302010%Current and next month
24 hours (except 22.00-23.00)Penultimate business day of the prior month
No Lead Gasoline$4.20302010%Current and next month
24 hours (except 22.00-23.00)Penultimate business day of the prior month
Natural Gas$10202010%Current and next month
24 hours (except 22.00-23.00)four trading days prior to the first calendar day of contract month
Gas Oil$10010.610%Current and next month
01.00-23.00third business day prior to 14th day of contract month
Carbon Emissions€ 106n/a10%Mar, Jun, Sep, Dec
07.00-17.00Trading day preceding third Friday of contract month
UK Natural Gas£110£10,0025,00%Current and next month
07:01-16:59Penultimate business day of the prior month
European TTF Natural Gas€ 1100n/a25,00%Current and next month
07:00 - 16:59Third last business day of the prior month

Notes for energies

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

1. Our energies contracts give a client exposure to changes in the value of a futures contract but cannot result in the delivery of any commodity or instrument by or to the client.

2. a) CFDs on energy futures are quoted with reference to the equivalent expiry contract on the underlying futures market. 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.

3. For guaranteed stop trades a guaranteed stop premium is charged if your guaranteed stop is triggered. The potential premium is displayed on the deal ticket, and can form part of your margin when you attach the stop. Please note that premiums are subject to change, especially going into weekends and during volatile market conditions.

4. Positions not already closed by the client expire automatically either at the official exchange-published settlement for the contract or at the official market settlement on the last dealing day, whichever is the earlier.

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

6. Unless expressly agreed otherwise with IG, positions will be rolled over to a later date by default. For most positions, a client can, before the position has been automatically closed, ask for the position not to be rolled over to a later date. Rolling over a position involves closing the old position and opening a new one. We normally attempt to contact a client shortly before a position is due to expire and offer the opportunity to roll the position over. However, we cannot undertake to do this in every case, and it remains the client's responsibility to communicate their roll preferences for any position(s) before expiry.

7. Positions that are set to expire do so with spread on the following basis:

• Light Crude Oil, Heating Oil, Natural Gas and No Lead Gasoline: based on the settlement price of the relevant futures contract on NYMEX on our last dealing day

• Brent Crude, Gas Oil and Carbon Emissions: based on the settlement price of the relevant futures contract on ICE on the last dealing day

8. 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. You may change this default at any time by calling us or via our trading platform.

9. Please note that tiered margining applies; this means that higher margins may be required for large positions. Margin requirements represent a percentage of the overall position value, and can vary depending on which account type you hold. You can find the applicable tiered margins from the Get Info dropdown section within each market in the trading platform. See our tiered margining page for more details.

 


  

Metals

 
Contract and dealing hours (London time)One contract meansValue of one contract (per full point)Contract spread [1]Guaranteed stop premium [2]Retail margin requirementLast dealing day
(per contract) [10][6]
Gold100 troy oz$1000.60.35%Fourth business day prior to first day of contract month (9)
24 hours except 22.00-23.00
Silver5000 troy oz$503210%Penultimate business day of prior month
24 hours except 22.00-23.00
High Grade Copper25,000 lbs$2.50403010%Two business days before the first day of the contract month
24 hours except 22.00-23.00
Palladium100 troy oz$1002210%Penultimate business day of prior month
24 hours except 22.00-23.00
Platinum50 troy oz$5021.510%Fourth Friday of prior month
24 hours except 22.00-23.00

Notes for metals

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 metal futures are quoted with reference to the equivalent expiry contract on the underlying futures market. 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. For guaranteed stop trades a guaranteed stop premium is charged if your guaranteed stop is triggered. The potential premium is displayed on the deal ticket, and can form part of your margin when you attach the stop. Please note that premiums are subject to change, especially going into weekends and during volatile market conditions.

3. 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.

4. We quote spot metals 24 hours a day (except 22.00-23.00), normally from 23.00 (London time) on Sunday until 22.00 (London time) on Friday. Futures contracts are quoted until 22.00 on Fridays.

5. 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 0.3% p.a. An adjustment is calculated for any position opened before 22.00 that is still open after 22.00 (London time). For base metals transactions, funding adjustments are calculated based on the relevant cost of carry charge, including an admin fee of 2.5% p.a.

6. Positions in Gold, Silver and High Grade Copper futures not already closed by the client expire automatically at the settlement price of a futures contract of the relevant metal on COMEX on our last dealing day.

Positions in Palladium and Platinum futures not already closed by the client expire automatically at the settlement price of a futures contract of the relevant metal on NYMEX on our last dealing day.

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

7. Unless expressly agreed otherwise with IG, positions will be rolled over to a later date by default. For most positions, a client can, before the position has been automatically closed, ask for the position not to be rolled over to a later date. Rolling over a position involves closing the old position and opening a new one. We normally attempt to contact a client shortly before a position is due to expire and offer the opportunity to roll the position over. However, we cannot undertake to do this in every case, and it remains the client's responsibility to communicate their roll preferences for any position(s) before expiry.


8. Where the Gold (futures) settlement date would fall (as predicted by the rule in the table) on a Friday or on the day before a US holiday, the contract will instead settle on the previous day.

9. 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. You may change this default at any time by calling us or via our trading platform.

10. Please note that tiered margining applies; this means that higher margins may be required for large positions. Margin requirements represent a percentage of the overall position value, and can vary depending on which account type you hold. You can find the applicable tiered margins from the Get Info dropdown section within each market in the trading platform. See our tiered margining page for more details.


  

Base metals contracts

 
Our futures contracts expire at specified dates in the future.

Note: We offer mini versions of all metals futures contracts at 20% of the main contract size and margin requirement (33% for Gold).

Contract and dealing hours (London time)Value of one contract(per full point)Contract spread [2]Guaranteed stop premium [11]Retail margin requirement (per contract) [9]Contract months and last dealing day
Cattle (Feeder)$5203010%Jan, Mar, Apr, May, Aug, Sep, Oct, Nov
Chicago
14.30-19.05Last business day of prior month
Cattle (Live)$4203010%Feb, Apr, Jun, Aug, Oct, Dec
Chicago
14.30-19.05Last business day of prior month
Cocoa (London)£104410%Mar, May, Jul, Sep, Dec
London
09.30-16.505th business day of contract month
Cocoa (US)$108510%Mar, May, Jul, Sep, Dec
New York
09.45-18.302nd Friday or previous business day of previous month
Coffee Arabica$3.75402010%Mar, May, Jul, Sep, Dec
New York
09.15-18.30Second Friday or previous business day of previous business month
Coffee Robusta$104610%Jan, Mar, May, Jul, Sep, Nov
London
09.00-17.30Four business days prior to the first calendar day of the delivery month
Corn$5011.510%Mar, May, Jul, Sep, Dec
Chicago
01.00-13.45Penultimate business day of prior month
14.30-19.20
Cotton$5251510%Mar, May, Oct, Jul, Dec
New York
02.00-19.20Third Friday of prior month
Lean Hogs$4153010%Feb, Apr, Jun, Jul, Aug, Oct, Dec
Chicago
14.30-19.05Last business day of prior month
LB$1.101008010%Jan, Mar, May, Jul, Sep, Nov
Chicago
15.00-22.00Last business day of prior month
Milling Wheat€ 5011no longer offeredJan, Mar, May, Jul, Sep, Nov
Paris
09.45-17.30Last business day of previous month
Oats$5011.510%Mar, May, Jul, Sep, Dec
Chicago
01.00-13.45Penultimate business day of prior month
14.30-19.20
Orange Juice$1.5404010%Jan, Mar, May, Jul, Sep, Nov
New York
13.00-19.00Four business days prior to the first calendar day of the delivery month
Rough Rice$2404010%Jan, Mar, May, Jul, Sep, Nov
Chicago
01.00-03.00Penultimate business day of prior month
14.30-19.20
Soyabeans$502210%Jan, Mar, May, Jul, Aug, Sep, Nov
Chicago
01.00-13.45Penultimate business day of prior month
14.30-19.20
Soyabean Meal$1805010%Jan, Mar, May, Jul, Aug, Sep, Oct, Dec
Chicago
01.00-13.45Penultimate business day of prior month
14.30-19.20
Soyabean Oil$610810%Jan, Mar, May, Jul, Aug, Sep, Oct, Dec
Chicago
01.00-13.45Penultimate business day of prior month
14.30-19.20
Sugar No. 5$500.80.810%Mar, May, Aug, Oct, Dec
LondonFirst Friday of the prior contract month
08.45-17.55
Sugar No.11 World$11.205410%Mar, May, Jul, Oct
New York
08.30-18.00Penultimate business day of previous month
Wheat (Chicago)$5011.510%Mar, May, Jul, Sep, Dec
Chicago
01.00-13.45Penultimate business day of prior month
14.30-19.20
Wheat (London)£1000.50.310%May, Nov
London
9.30-17.28Third Friday of prior month

Notes

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

1. Our commodities CFDs give a client exposure to changes in the value of a futures contract but cannot result in the delivery of any commodity or instrument by or to the client.

2. a)CFDs on commodity futures are quoted with reference to the equivalent expiry contract on the underlying futures market. 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.

3. Positions not already closed by the client expire automatically with spread on the following basis:

Coffee Arabica, US Cocoa, US Sugar No.11, US Cotton and Orange Juice: based on the settlement price of the relevant futures contract on NYBOT on our last dealing day
Chicago Wheat, Corn, Oats, Rough Rice, Soyabeans, Soyabean Oil and Soyabean Meal: based on the settlement price of the relevant futures contract on CBOT on our last dealing day
Live Cattle, Feeder Cattle, Lean Hogs and Lumber: based on the settlement price of the relevant futures contract on CME on our last dealing day
Milling Wheat and Rapeseed: based on the settlement price of the relevant futures contract on Euronext on our last dealing day.
Coffee Robusta, London Cocoa, London Sugar No. 5, London Wheat: based on the settlement price of the relevant futures contract on LIFFE on our last dealing day.
4. The last dealing day shown in the tables may not always coincide with the last dealing day on the relevant exchange.

5. Unless expressly agreed otherwise with IG, positions will be rolled over to a later date by default. For most positions, a client can, before the position has been automatically closed, ask for the position not to be rolled over to a later date. Rolling over a position involves closing the old position and opening a new one. We normally attempt to contact a client shortly before a position is due to expire and offer the opportunity to roll the position over. However, we cannot undertake to do this in every case, and it remains the client's responsibility to communicate their roll preferences for any position(s) before expiry.

6. Only liquid months will be available at any one time.

7. We offer mini versions of our commodity contracts - with proportionately reduced margin requirements - at the following rates:

20% of main contract size: London Cocoa, London Coffee, London Sugar, London Wheat, Milling Wheat, Rapeseed
50% of main contract size: US Cocoa, US Coffee, US Sugar, Orange Juice, Corn, Oats, US Wheat, Soyabeans, Soyabean Meal, Soyabean Oil, Rough Rice, Feeder Cattle, Live Cattle, Lean Hogs, Cotton, Lumber
8. 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. You may change this default at any time by calling us or via our trading platform.

9. Please note that tiered margining applies; this means that higher margins may be required for large positions. Margin requirements represent a percentage of the overall position value, and can vary depending on which account type you hold. If two values are listed, the first value applies to Trader accounts and the second to Select accounts. You can find the applicable tiered margins from the Get Info dropdown section within each market in our trading platform. See our margins page for more details.

10. Contracts on Lumber are available for trading from 15.00 (London time) on the Monday of a normal business week until 03:00 (London time). The market will close early on a Friday at 19.55 (London time). Note that there is a break each day between 16.00 and 17.00 (London time).

11. For guaranteed stop trades a guaranteed stop premium is charged if your guaranteed stop is triggered. The potential premium is displayed on the deal ticket, and can form part of your margin when you attach the stop. Please note that premiums are subject to change, especially going into weekends and during volatile market conditions.
 


  

Softs

 
Our soft commodity futures contracts offer exposure to changes in commodity prices.

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

Note: We offer mini versions of our commodity futures contracts at 20% or 50% of the main contract size and margin. Please see note 8 for more information.
Contract and dealing hours (London time)Value of one contract(per full point)Contract spread [2]Guaranteed stop premium [11]Retail margin requirement (per contract) [9]Contract months and last dealing day
Cattle (Feeder)$5203010%Jan, Mar, Apr, May, Aug, Sep, Oct, Nov
Chicago
14.30-19.05Last business day of prior month
Cattle (Live)$4203010%Feb, Apr, Jun, Aug, Oct, Dec
Chicago
14.30-19.05Last business day of prior month
Cocoa (London)£104410%Mar, May, Jul, Sep, Dec
London
09.30-16.505th business day of contract month
Cocoa (US)$108510%Mar, May, Jul, Sep, Dec
New York
09.45-18.302nd Friday or previous business day of previous month
Coffee Arabica$3.75402010%Mar, May, Jul, Sep, Dec
New York
09.15-18.30Second Friday or previous business day of previous business month
Coffee Robusta$104610%Jan, Mar, May, Jul, Sep, Nov
London
09.00-17.30Four business days prior to the first calendar day of the delivery month
Corn$5011.510%Mar, May, Jul, Sep, Dec
Chicago
01.00-13.45Penultimate business day of prior month
14.30-19.20
Cotton$5251510%Mar, May, Oct, Jul, Dec
New York
02.00-19.20Third Friday of prior month
Lean Hogs$4153010%Feb, Apr, Jun, Jul, Aug, Oct, Dec
Chicago
14.30-19.05Last business day of prior month
LB$1.101008010%Jan, Mar, May, Jul, Sep, Nov
Chicago
15.00-22.00Last business day of prior month
Milling Wheat€ 5011no longer offeredJan, Mar, May, Jul, Sep, Nov
Paris
09.45-17.30Last business day of previous month
Oats$5011.510%Mar, May, Jul, Sep, Dec
Chicago
01.00-13.45Penultimate business day of prior month
14.30-19.20
Orange Juice$1.5404010%Jan, Mar, May, Jul, Sep, Nov
New York
13.00-19.00Four business days prior to the first calendar day of the delivery month
Rough Rice$2404010%Jan, Mar, May, Jul, Sep, Nov
Chicago
01.00-03.00Penultimate business day of prior month
14.30-19.20
Soyabeans$502210%Jan, Mar, May, Jul, Aug, Sep, Nov
Chicago
01.00-13.45Penultimate business day of prior month
14.30-19.20
Soyabean Meal$1805010%Jan, Mar, May, Jul, Aug, Sep, Oct, Dec
Chicago
01.00-13.45Penultimate business day of prior month
14.30-19.20
Soyabean Oil$610810%Jan, Mar, May, Jul, Aug, Sep, Oct, Dec
Chicago
01.00-13.45Penultimate business day of prior month
14.30-19.20
Sugar No. 5$500.80.810%Mar, May, Aug, Oct, Dec
LondonFirst Friday of the prior contract month
08.45-17.55
Sugar No.11 World$11.205410%Mar, May, Jul, Oct
New York
08.30-18.00Penultimate business day of previous month
Wheat (Chicago)$5011.510%Mar, May, Jul, Sep, Dec
Chicago
01.00-13.45Penultimate business day of prior month
14.30-19.20
Wheat (London)£1000.50.310%May, Nov
London
9.30-17.28Third Friday of prior month

Notes

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

1. Our commodities CFDs give a client exposure to changes in the value of a futures contract but cannot result in the delivery of any commodity or instrument by or to the client.

2. a)CFDs on commodity futures are quoted with reference to the equivalent expiry contract on the underlying futures market. 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.

3. Positions not already closed by the client expire automatically with spread on the following basis:

Coffee Arabica, US Cocoa, US Sugar No.11, US Cotton and Orange Juice: based on the settlement price of the relevant futures contract on NYBOT on our last dealing day
Chicago Wheat, Corn, Oats, Rough Rice, Soyabeans, Soyabean Oil and Soyabean Meal: based on the settlement price of the relevant futures contract on CBOT on our last dealing day
Live Cattle, Feeder Cattle, Lean Hogs and Lumber: based on the settlement price of the relevant futures contract on CME on our last dealing day
Milling Wheat and Rapeseed: based on the settlement price of the relevant futures contract on Euronext on our last dealing day.
Coffee Robusta, London Cocoa, London Sugar No. 5, London Wheat: based on the settlement price of the relevant futures contract on LIFFE on our last dealing day.
4. The last dealing day shown in the tables may not always coincide with the last dealing day on the relevant exchange.

5. Unless expressly agreed otherwise with IG, positions will be rolled over to a later date by default. For most positions, a client can, before the position has been automatically closed, ask for the position not to be rolled over to a later date. Rolling over a position involves closing the old position and opening a new one. We normally attempt to contact a client shortly before a position is due to expire and offer the opportunity to roll the position over. However, we cannot undertake to do this in every case, and it remains the client's responsibility to communicate their roll preferences for any position(s) before expiry.

6. Only liquid months will be available at any one time.

7. We offer mini versions of our commodity contracts - with proportionately reduced margin requirements - at the following rates:

20% of main contract size: London Cocoa, London Coffee, London Sugar, London Wheat, Milling Wheat, Rapeseed
50% of main contract size: US Cocoa, US Coffee, US Sugar, Orange Juice, Corn, Oats, US Wheat, Soyabeans, Soyabean Meal, Soyabean Oil, Rough Rice, Feeder Cattle, Live Cattle, Lean Hogs, Cotton, Lumber
8. 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. You may change this default at any time by calling us or via our trading platform.

9. Please note that tiered margining applies; this means that higher margins may be required for large positions. Margin requirements represent a percentage of the overall position value, and can vary depending on which account type you hold. If two values are listed, the first value applies to Trader accounts and the second to Select accounts. You can find the applicable tiered margins from the Get Info dropdown section within each market in our trading platform. See our margins page for more details.

10. Contracts on Lumber are available for trading from 15.00 (London time) on the Monday of a normal business week until 03:00 (London time). The market will close early on a Friday at 19.55 (London time). Note that there is a break each day between 16.00 and 17.00 (London time).

11. For guaranteed stop trades a guaranteed stop premium is charged if your guaranteed stop is triggered. The potential premium is displayed on the deal ticket, and can form part of your margin when you attach the stop. Please note that premiums are subject to change, especially going into weekends and during volatile market conditions.



Are you finding this article useful?

Positive FeedbackNegative Feedback

Related articles

Bonds CFD product details

Interest rates CFD product details

Options spread bet product details