Trade commodities with confidence
Take advantage of the lowest and most stable spreads on gold while trading the global commodity market and diversifying your portfolio.
Open an account and start trading commodities
Expand your portfolio
with commodity trading and capitalize on endless opportunities.
Enjoy trading gold with an advantage
riding market volatility with the most stable gold spreads.
Leverage unique trading conditions
like Stop Out Protection to give your strategy an advantage.
Commodity market spreads and swaps
Symbol | Avg. spread³ pips | Commission per lot/side | Margin 1:2000 | Long swap pips | Short swap pips | Stop level* pips |
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Commodity market conditions
The commodity market is a global marketplace for trading various types of commodities like precious metals and energies. Trading them allows you to speculate on the price of highly volatile instruments like gold and oil without buying the underlying asset, whether the commodity price is going up or down.
Spreads³
Spreads are always floating, so the spreads in the table above are yesterday’s averages. For live spreads, please refer to the trading platform.
Please note that spreads may widen when the markets experience lower liquidity. This may persist until liquidity levels are restored.
Swaps
Swap is a type of commission applied to trading positions held overnight. To help you estimate your swap costs, you can use our handy Exness calculator. On Wednesdays, a triple swap rate applies for positions in gold, silver, platinum, and other metal pairs to account for the market close over the weekend where no swaps are charged.
Swap values may be updated on a daily basis. If you are a resident of a Muslim country, all accounts are automatically swap-free.
Dynamic margin requirements
Margin requirements are tied to the rate of leverage you use. Changing your leverage will cause margin requirements on XAU (gold) and XAG (silver) pairs to change. Just as spreads change depending on conditions, the leverage available to you can also vary. You can read more about the changes in margin requirements in the FAQ section below.
Fixed margin requirements
Margin requirements for the following commodities always remain fixed, regardless of the maximum leverage set on your account:
For XAL (aluminum), XCU (copper), XNI (nickel), XPB (lead), XPT (platinum), XPD (palladium) and XZN (zinc) leverage is set at 1:100
For XNGUSD (natural gas), leverage is set at 1:20
Margin requirements for USOIL and UKOIL always remain fixed with a leverage of 1:200, except for specific periods of higher margin requirements. During the following higher margin requirements periods, the margin requirements for both USOIL and UKOIL are set at 5% (1:20 leverage):
USOIL: from 16:45 (GMT+0) on Friday to 22:59 (GMT+0) on Sunday
UKOIL: from 08:00 (GMT+0) on Friday to 00:30 (GMT+0) on Monday
Stop level
Please note that the stop level values in the table above are subject to change and may not be available for traders using certain trading strategies or Expert Advisors.
Trading hours
- XAU, XAG: Sunday 23:05 – Friday 21:58 (daily break 21:58-23:01)
- XPDUSD, XPTUSD: Sunday 23:10 – Friday 21:58 (daily break 21:58-23:05)
- XALUSD, XCUUSD, XPBUSD, XZNUSD: daily 01:00 – 18:55 (daily break 18:55-01:00)
- XNIUSD: daily 08:00 – 18:55 (daily break 18:55-08:00)
- USOIL, XNGUSD: Sunday 23:10 – Friday 21:44 (daily break 21:45-23:10)
- UKOIL: Monday 01:10 – Friday 21:54 (daily break 21:55-01:10)
All timings are in server time (GMT+0).
Learn more about trading hours in our Help Center.
Why trade commodities online with Exness
Trade precious metals and energies with trading conditions that give your strategy an advantage.
Low and stable spreads
Keep your trading costs low, even when prices are fluctuating. Enjoy low and stable spreads, even during high-impact market news and economic events.³
Fast execution
Never miss a pip. Get your orders executed in milliseconds on both the MT platforms and proprietary Exness Terminals.
Security of funds
Trade the commodity markets with Negative Balance Protection. Benefit from PCI DSS financial data protection, and segregated client accounts in tier-1 banks.
Navigate commodities trading like a pro
Explore our in-depth trading guides and gain an advantage in the commodities markets. Thorough and insightful strategies, designed for all types of traders.
Frequently asked questions
What are commodities?
Commodities are raw materials that are produced in large quantities and traded on an international market. Examples of commodities include energies like crude oil and natural gas, and precious metals like gold, silver, and platinum. Commodity prices are typically determined by factors like supply and demand, political stability, currency value, and economic performance.
What instruments can be traded in the commodity market?
You can trade a wide range of financial instruments on the commodity market, most notably precious metals and energies.
Many traders will capitalize on the volatility of energies to benefit from the frequent price fluctuations, while others will trade gold to hedge their portfolio with a safe haven asset.
At Exness, you can trade commodity derivatives on the world's most highly-traded commodities, including USOIL, XNGUSD, UKOIL, XAUUSD, XAGUSD, and XPTUSD.
What are the most popular commodities to trade?
The most popular commodities to trade are precious metals like gold, silver, and platinum, as well as energy products like crude oil, UK oil, and natural gas. Precious metals are particularly popular because of their limited supply and constant demand, while energy commodities are attractive investments because of their sensitivity to global events.
What are the main risks of commodity market trading?
When trading or investing in commodities, the main risk factors to consider are market volatility, leverage, and currency exchange rate risks. Market volatility is basically the rapid fluctuation of prices within a certain time period, which can be a very significant factor in commodity trading. When trading the world commodity market, you need to consider fundamental aspects like political stability, supply and demand, and economic performance. To make sure you maximize your performance, staying up to date with the latest market news is crucial to forming a robust and advanced commodity trading strategy. It's also important to remember that leveraged commodity trading can increase potential losses if you don't combine it with a proper risk management strategy.
Why are there higher margin requirements around news?
When important news is released, it can lead to significant volatility and price gaps. Using high leverage in a highly volatile market is risky because sudden movements can result in larger losses. That’s why we cap leverage at 1:200 during news releases for all new positions in gold pairs and 1:100 for silver pairs.
How do you deal with price gaps?
At Exness, we know how it feels when your pending order falls in a price gap, so it’s only fair that we guarantee no slippage for virtually all pending orders that are executed at least 3 hours after trading opens for an instrument. However, if your order meets any of the following criteria, it will be executed at the first market quote that follows the gap:
If your pending order is executed in market conditions that are not normal, such as during a period of low liquidity or high volatility.
If your pending order falls in a gap but the difference in pips between the first market quote (after the gap) and the requested price of the order is equal to or exceeds a certain number of pips (slippage-free range) for a particular instrument.
Slippage rule applies to specific trading instruments.
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