SGD-Denominated Commodities CFDs

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SGD-denominated CFDs mean no more USD-ledger balances for the metals and energy trader.

Commodities available as a SGD-denominated CFD include:

  • Gold
  • Silver
  • US Light Crude

Example

Spot Gold is trading at 1038.25/1038.75 and you choose to buy 50 contracts of Spot Gold as an SGD-denominated CFD, at 1038.75. Each contract is worth SGD1.

Following this, Gold rises to 1055.3/1055.8 and you decide to take your profit. Selling your 50 contracts at 1055.3 gives you a profit of 50 x SGD1 x (1055.3 - 1038.75) = SGD827.50. There is no commission to pay and no USD ledger balance to worry about, as your trade was conducted completely in Singapore dollars.

For more information please see our Contract Details.

With transparent trading costs, share CFDs available at the guaranteed market price, one of the lowest financing rates around, and segregated client funds, IG Markets is Singapore's number one CFD provider for customer satisfaction. IG Markets offers forex trading and CFDs on all the leading Asian and international shares in local denominations, as well as a range of stock indices, including the Singapore Blue Chip. Exclusive to IG Markets is our selection of SGD-Denominated CFDs, which eliminate currency exposure when trading foreign stock indices. We also offer a range of research and analysis resources to keep you up-to-date with the latest market news.

Remember that CFDs are a leveraged product and can result in losses that exceed your initial deposit. Trading CFDs may not be suitable for everyone, so please ensure that you fully understand the risks involved.

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