CFD Commodity Contract Details

Our Energy CFD contracts offer exposure to changes in oil and gas prices.

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

Crude Oil Information Table

We offer mini and micro versions of the above at 50% and 10% of the Standard contract size respectively.

Other Energies Information Table ($1 contracts)

Energies Information Table (SGD denominated contracts)

Trade CFDs on the world's most popular precious and base metals.

Metals information table

We offer two different types of metals contract: Spot and Forwards. The two types work in slightly different ways.

Spot Metals Information Table

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 [see note 5].

Spot Metals Information Table (SGD denominated contracts)

Forward Metals Information Table

Our forward contracts expire at specified forward dates. There are no separate funding adjustments: a fair value is priced into our quotation.

We offer mini versions of Forward 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.

We offer CFDs on a range of soft commodities such as Cocoa, Coffee and Wheat.
 

Soft Commodities Information Table

All the instruments described on this site are Contracts For Difference (CFDs). Find the expiry details for our Commodity CFDs, including the settlement details, contract months and last dealing days.
 

Expiry Details Information Table

Expiry notes

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

b) Positions not already closed by the client expire automatically with spread on the following basis:

• Coffee Arabica, US Cocoa, US Sugar No.11,  and US Cotton basis the settlement price of the relevant futures contract on NYBOT on our last dealing day
• Chicago Wheat, Corn,  and Soyabeans basis the settlement price of the relevant futures contract on CBOT on our last dealing day
• Light Crude Oil, Heating Oil, Natural Gas and No Lead Gasoline basis the settlement price of the relevant futures contract on NYMEX on our last dealing day.
• Brent Crude Oil basis the IPE Brent Index price for the day following the IG last dealing day.
• Positions in Gold, Silver and High Grade Copper Forwards 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. Similarly, Platinum expires at its settlement price on NYMEX on our last dealing day.

c) For most positions, a client can, at any time before the position has been automatically closed, ask for the position to be rolled over to a later date. Rolling over a position involves closing the old position and opening a new one. The expiry date for an open position will be shown on the overnight statement and on the Get Info section of the market. It is, of course, the client's responsibility to give instructions, if they so wish, to roll the position over before it expires.

d) Where the Gold (Forwards) 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.

All the instruments described on this site are Contracts For Difference (CFDs).

Our commodities give you exposure to changes in the price of the underlying market. They are cash settled and cannot result in the delivery of any commodity or instrument. Where you see a number or letter in brackets on the tables, the corresponding note can be found below.

1) Our commodities 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) We will quote an 'all-in' spread that includes both dealing spread and market spread. The size of our dealing spreads are shown in the information tables. All dealing spreads are subject to variation, especially in volatile market conditions. We will not charge any additional commission unless we notify you in writing.

3) For Limited Risk transactions, a Limited Risk premium is charged on the opening.

4) Times quoted are local to the relevant exchange, unless specified.

5) For Spot Metal transactions, adjustments are made to calculate the cost of funding a position, and these are posted to the client's account daily. The adjustments are calculated as follows:

A = V x R

Where:
A = the funding cost
V = the number of contracts x contract size
R = the current Tom-Next rate, including an administrative charge of 0.8% p.a. for mini/micro contracts and 0.3% p.a. for full contracts. 

If the Tom-Next rate is less than zero, you will be debited for running a short position and credited for running a long position. If the tom-next rate is greater than zero, you will be credited for running a short position and debited for running a long position. 

The funding charge is calculated for any position opened before 22.00 that is still open after 22.00 (London time).

Note: For any position opened before 22.00 Wednesday that is still open after 22.00 Wednesday, the daily interest credit or debit will be made for three days as opposed to one. This three-day adjustment covers settlement of trades over the weekend period.

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

7) We normally begin quoting Spot Metals at 23.00 (London time) on Sunday evening and will close our markets at 22.00 (London time) on Friday.