With current oil prices soaring consumers are seeing the effects throughout their daily lives. From your bank statement, to rising food costs, it is impossible to forget that we are in the grip of an oil boom.
So, whatever direction you think the oil price is going, at IG Markets we have made it easier to trade by introducing new smaller contracts.
You can now trade smaller contract sizes on both US Light Crude and Brent Crude Oil. These additions, coupled with our extended range of commodities are just another way clients can take advantage of market conditions.
Why trade on commodities?
Commodities are among the most popular and topical trading markets in the world, often subject to quite dramatic short-term price movements.
With IG Markets you can take your trading opportunities 24 hours a day using our commission-free Commodities contracts. We also offer smaller positions than are possible in the underlying futures contracts on metals and oil, when you choose a mini contract. Other advantages include:
- No commission – With IG Markets you pay no commission: instead, all our charges are kept at competitive levels within our bid/offer spread
- Gearing - Our low margin requirements mean you can take a sizeable position without tying up large amounts of capital
- Deal instantly – Either using our online dealing platform or over the phone, we quote you a price and you can deal immediately – there is no need to work an order in the market
- Risk protection – Guaranteed Stops can be placed on all positions on commodities, to guard against sharp losses should the market suddenly turn against you, without harming your profit potential
Find out more about trading Energies and our full range of markets.
The above comments do not constitute investment advice and IG Markets accepts no responsibility for any use that may be made of them.
22/07/08