Commodities CFD product details
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Commodities CFD Margin Tiers (Retail) (750KB)
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Energies
Contract and dealing hours (London time) | Value of one contract | Contract spread [2] | Guaranteed stop premium [3] | Retail margin requirement | Contract months and last dealing day [5] |
(per full point | (per contract) [9] | ||||
Oil - US Crude | $10 | 6 | 3 | 10% | Current and next month |
24 hours | fourth business day before the 25th of the prior month | ||||
(except 22.00-23.00) | |||||
Oil - Brent Crude | $10 | 6 | 3 | 10% | Trading shall cease at the end of the designated |
01.00-23.00 | settlement period on the day before the last Business Day | ||||
of the second month preceding the relevant contract month | |||||
Heating Oil | $4.20 | 30 | 20 | 10% | Current and next month |
24 hours (except 22.00-23.00) | Penultimate business day of the prior month | ||||
No Lead Gasoline | $4.20 | 30 | 20 | 10% | Current and next month |
24 hours (except 22.00-23.00) | Penultimate business day of the prior month | ||||
Natural Gas | $10 | 20 | 20 | 10% | 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 | $100 | 1 | 0.6 | 10% | Current and next month |
01.00-23.00 | third business day prior to 14th day of contract month | ||||
Carbon Emissions | € 10 | 6 | n/a | 10% | Mar, Jun, Sep, Dec |
07.00-17.00 | Trading day preceding third Friday of contract month | ||||
UK Natural Gas | £1 | 10 | £10,00 | 25,00% | Current and next month |
07:01-16:59 | Penultimate business day of the prior month | ||||
European TTF Natural Gas | € 1 | 100 | n/a | 25,00% | Current and next month |
07:00 - 16:59 | Third 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 means | Value of one contract (per full point) | Contract spread [1] | Guaranteed stop premium [2] | Retail margin requirement | Last dealing day |
(per contract) [10] | [6] | |||||
Gold | 100 troy oz | $100 | 0.6 | 0.3 | 5% | Fourth business day prior to first day of contract month (9) |
24 hours except 22.00-23.00 | ||||||
Silver | 5000 troy oz | $50 | 3 | 2 | 10% | Penultimate business day of prior month |
24 hours except 22.00-23.00 | ||||||
High Grade Copper | 25,000 lbs | $2.50 | 40 | 30 | 10% | Two business days before the first day of the contract month |
24 hours except 22.00-23.00 | ||||||
Palladium | 100 troy oz | $100 | 2 | 2 | 10% | Penultimate business day of prior month |
24 hours except 22.00-23.00 | ||||||
Platinum | 50 troy oz | $50 | 2 | 1.5 | 10% | Fourth Friday of prior month |
24 hours except 22.00-23.00 |
Base metals contracts
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) | $5 | 20 | 30 | 10% | Jan, Mar, Apr, May, Aug, Sep, Oct, Nov |
Chicago | |||||
14.30-19.05 | Last business day of prior month | ||||
Cattle (Live) | $4 | 20 | 30 | 10% | Feb, Apr, Jun, Aug, Oct, Dec |
Chicago | |||||
14.30-19.05 | Last business day of prior month | ||||
Cocoa (London) | £10 | 4 | 4 | 10% | Mar, May, Jul, Sep, Dec |
London | |||||
09.30-16.50 | 5th business day of contract month | ||||
Cocoa (US) | $10 | 8 | 5 | 10% | Mar, May, Jul, Sep, Dec |
New York | |||||
09.45-18.30 | 2nd Friday or previous business day of previous month | ||||
Coffee Arabica | $3.75 | 40 | 20 | 10% | Mar, May, Jul, Sep, Dec |
New York | |||||
09.15-18.30 | Second Friday or previous business day of previous business month | ||||
Coffee Robusta | $10 | 4 | 6 | 10% | Jan, Mar, May, Jul, Sep, Nov |
London | |||||
09.00-17.30 | Four business days prior to the first calendar day of the delivery month | ||||
Corn | $50 | 1 | 1.5 | 10% | Mar, May, Jul, Sep, Dec |
Chicago | |||||
01.00-13.45 | Penultimate business day of prior month | ||||
14.30-19.20 | |||||
Cotton | $5 | 25 | 15 | 10% | Mar, May, Oct, Jul, Dec |
New York | |||||
02.00-19.20 | Third Friday of prior month | ||||
Lean Hogs | $4 | 15 | 30 | 10% | Feb, Apr, Jun, Jul, Aug, Oct, Dec |
Chicago | |||||
14.30-19.05 | Last business day of prior month | ||||
LB | $1.10 | 100 | 80 | 10% | Jan, Mar, May, Jul, Sep, Nov |
Chicago | |||||
15.00-22.00 | Last business day of prior month | ||||
Milling Wheat | € 50 | 1 | 1 | no longer offered | Jan, Mar, May, Jul, Sep, Nov |
Paris | |||||
09.45-17.30 | Last business day of previous month | ||||
Oats | $50 | 1 | 1.5 | 10% | Mar, May, Jul, Sep, Dec |
Chicago | |||||
01.00-13.45 | Penultimate business day of prior month | ||||
14.30-19.20 | |||||
Orange Juice | $1.5 | 40 | 40 | 10% | Jan, Mar, May, Jul, Sep, Nov |
New York | |||||
13.00-19.00 | Four business days prior to the first calendar day of the delivery month | ||||
Rough Rice | $2 | 40 | 40 | 10% | Jan, Mar, May, Jul, Sep, Nov |
Chicago | |||||
01.00-03.00 | Penultimate business day of prior month | ||||
14.30-19.20 | |||||
Soyabeans | $50 | 2 | 2 | 10% | Jan, Mar, May, Jul, Aug, Sep, Nov |
Chicago | |||||
01.00-13.45 | Penultimate business day of prior month | ||||
14.30-19.20 | |||||
Soyabean Meal | $1 | 80 | 50 | 10% | Jan, Mar, May, Jul, Aug, Sep, Oct, Dec |
Chicago | |||||
01.00-13.45 | Penultimate business day of prior month | ||||
14.30-19.20 | |||||
Soyabean Oil | $6 | 10 | 8 | 10% | Jan, Mar, May, Jul, Aug, Sep, Oct, Dec |
Chicago | |||||
01.00-13.45 | Penultimate business day of prior month | ||||
14.30-19.20 | |||||
Sugar No. 5 | $50 | 0.8 | 0.8 | 10% | Mar, May, Aug, Oct, Dec |
London | First Friday of the prior contract month | ||||
08.45-17.55 | |||||
Sugar No.11 World | $11.20 | 5 | 4 | 10% | Mar, May, Jul, Oct |
New York | |||||
08.30-18.00 | Penultimate business day of previous month | ||||
Wheat (Chicago) | $50 | 1 | 1.5 | 10% | Mar, May, Jul, Sep, Dec |
Chicago | |||||
01.00-13.45 | Penultimate business day of prior month | ||||
14.30-19.20 | |||||
Wheat (London) | £100 | 0.5 | 0.3 | 10% | May, Nov |
London | |||||
9.30-17.28 | Third Friday of prior month |
Softs
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) | $5 | 20 | 30 | 10% | Jan, Mar, Apr, May, Aug, Sep, Oct, Nov |
Chicago | |||||
14.30-19.05 | Last business day of prior month | ||||
Cattle (Live) | $4 | 20 | 30 | 10% | Feb, Apr, Jun, Aug, Oct, Dec |
Chicago | |||||
14.30-19.05 | Last business day of prior month | ||||
Cocoa (London) | £10 | 4 | 4 | 10% | Mar, May, Jul, Sep, Dec |
London | |||||
09.30-16.50 | 5th business day of contract month | ||||
Cocoa (US) | $10 | 8 | 5 | 10% | Mar, May, Jul, Sep, Dec |
New York | |||||
09.45-18.30 | 2nd Friday or previous business day of previous month | ||||
Coffee Arabica | $3.75 | 40 | 20 | 10% | Mar, May, Jul, Sep, Dec |
New York | |||||
09.15-18.30 | Second Friday or previous business day of previous business month | ||||
Coffee Robusta | $10 | 4 | 6 | 10% | Jan, Mar, May, Jul, Sep, Nov |
London | |||||
09.00-17.30 | Four business days prior to the first calendar day of the delivery month | ||||
Corn | $50 | 1 | 1.5 | 10% | Mar, May, Jul, Sep, Dec |
Chicago | |||||
01.00-13.45 | Penultimate business day of prior month | ||||
14.30-19.20 | |||||
Cotton | $5 | 25 | 15 | 10% | Mar, May, Oct, Jul, Dec |
New York | |||||
02.00-19.20 | Third Friday of prior month | ||||
Lean Hogs | $4 | 15 | 30 | 10% | Feb, Apr, Jun, Jul, Aug, Oct, Dec |
Chicago | |||||
14.30-19.05 | Last business day of prior month | ||||
LB | $1.10 | 100 | 80 | 10% | Jan, Mar, May, Jul, Sep, Nov |
Chicago | |||||
15.00-22.00 | Last business day of prior month | ||||
Milling Wheat | € 50 | 1 | 1 | no longer offered | Jan, Mar, May, Jul, Sep, Nov |
Paris | |||||
09.45-17.30 | Last business day of previous month | ||||
Oats | $50 | 1 | 1.5 | 10% | Mar, May, Jul, Sep, Dec |
Chicago | |||||
01.00-13.45 | Penultimate business day of prior month | ||||
14.30-19.20 | |||||
Orange Juice | $1.5 | 40 | 40 | 10% | Jan, Mar, May, Jul, Sep, Nov |
New York | |||||
13.00-19.00 | Four business days prior to the first calendar day of the delivery month | ||||
Rough Rice | $2 | 40 | 40 | 10% | Jan, Mar, May, Jul, Sep, Nov |
Chicago | |||||
01.00-03.00 | Penultimate business day of prior month | ||||
14.30-19.20 | |||||
Soyabeans | $50 | 2 | 2 | 10% | Jan, Mar, May, Jul, Aug, Sep, Nov |
Chicago | |||||
01.00-13.45 | Penultimate business day of prior month | ||||
14.30-19.20 | |||||
Soyabean Meal | $1 | 80 | 50 | 10% | Jan, Mar, May, Jul, Aug, Sep, Oct, Dec |
Chicago | |||||
01.00-13.45 | Penultimate business day of prior month | ||||
14.30-19.20 | |||||
Soyabean Oil | $6 | 10 | 8 | 10% | Jan, Mar, May, Jul, Aug, Sep, Oct, Dec |
Chicago | |||||
01.00-13.45 | Penultimate business day of prior month | ||||
14.30-19.20 | |||||
Sugar No. 5 | $50 | 0.8 | 0.8 | 10% | Mar, May, Aug, Oct, Dec |
London | First Friday of the prior contract month | ||||
08.45-17.55 | |||||
Sugar No.11 World | $11.20 | 5 | 4 | 10% | Mar, May, Jul, Oct |
New York | |||||
08.30-18.00 | Penultimate business day of previous month | ||||
Wheat (Chicago) | $50 | 1 | 1.5 | 10% | Mar, May, Jul, Sep, Dec |
Chicago | |||||
01.00-13.45 | Penultimate business day of prior month | ||||
14.30-19.20 | |||||
Wheat (London) | £100 | 0.5 | 0.3 | 10% | May, Nov |
London | |||||
9.30-17.28 | Third Friday of prior month |