Commodity CFDs are contracts that mirror the performance of the underlying commodity with the futures prices calculated as the difference between the purchase price and the selling price, hence the term 'contract for difference'.
HotForex offers a number of commodity and metals CFDs. These range from the soft commodities of sugar and coffee to the metals palladium, platinum and copper.
Why trade commodity CFDs;
|Symbol||Description||1 Lot Size||Used Margin per lot||Typical Spreads in Quote currency per unit||Swap Short **||Swap Long **||Limit and Stop Levels||Tick Size||Tick Value|
|Palladium||Palladium||100 Troy Oz||$1500||2.27||-0.54||-1.61||0.70||0.05||$5|
|Platinum||Platinum||50 Troy Oz||$1500||2.95||-0.50||-1.50||0.70||0.1||$5|
|Sugar||Sugar #11||112000 Lbs||$700||0.06||-0.13||-0.39||0.05||0.01||$11.20|
|Cocoa||US Cocoa||10 Metric Ton||1.50%||9.6||-0.5||-1.58||18||1||$10|
|Cotton||US Cotton No.2||50000 Lbs||1.50%||0.32||-1||-3.3||0.56||0.01||$5|
|Symbol||Trading Hours ****||Break Time ****|
|Copper||Monday 01:00- Friday 24:00||Daily 00:00 - 01:00|
|Palladium||Monday 01:00- Friday 24:00||Daily 00:00 - 01:00|
|Platinum||Monday 01:00- Friday 24:00||Daily 00:00 - 01:00|
|Sugar #11||Daily 10:30-20:00||None|
Note: Market trading hours are an important factor when trading CFDs. If you have an open position when the markets close, this means you will not be able to close your trade until the market re-opens again the next trading day. Just like many of the traded markets, volatility is also present in the commodity markets. This means that the opening price at the start of the next trading session can be vastly different from the closing price in the previous trading session and as a result you can see large swings in profit and loss. Please see contract specifications for more details.
** Swaps may be adjusted daily based on market conditions and rates provided by our Price Provider applicable to all open positions. Triple swaps are applied every Wednesday. Swaps are in USD.
NOTE - All Pending Orders will be force closed during market breaks. In case any order is left pending, it will be automatically deleted after the daily market closure time.
**** Please note that Server Time is subject to Daylight Savings Time (DST), which begins on the last Sunday of March and ends on the last Sunday of October.
Summer: GMT+3 (DST)