The LMFX commodity products include soft, agricultural-based products such as wheat, sugar, coffee, and corn to metals palladium, copper, and platinum.
LMFX commodity contracts allow you to participate in various commodity markets without the need to worry about physical delivery, storage costs, or any other logistical issues that can be associated with commodities trading. There are no complex arrangements - you simply decide whether prices are going up or down, take your position, and wait for the price action.
As with any contract for difference, your profit is calculated by using the entry price versus the exit price to determine the success of the trade. By trading LMFX commodity CFDs, you are able to benefit from the low margin requirements and fractional position to access markets traditionally associated outside the reach of most traders.
|Description||1 Lot Size||Used Margin Per Lot||Spreads||Swap Short||Swap Long||Limit and Stop Levels||Tick Size||Tick Value|
|Palladium||100 Troy Oz||$1500||1.80||-0.54||-1.61||0.70||0.05||$5|
|Platinum||50 Troy Oz||$1500||3.60||-0.50||-1.50||0.70||0.1||$5|
|Sugar #11||112000 Lbs||$700||0.10||-0.13||-0.39||0.05||0.01||$11.20|
* These are expected average spreads
Each commodity operates within its exchanges trading hours. This should be an important factor when deciding to trade commodities. In the event the exchange is 'closed for trading' for your chosen commodity, the trading in the selected commodity is frozen until the market open for the next session. This means that you will not be able to close your trade until the open of the next session.
In addition to specific trading sessions, commodities also have their own expiry dates. All trading session times and expiry dates are available on the product information page.
|Trading Product||Trading Hours (GMT+2)||Break Time (GMT+2)|
|Coffee||Daily 11:15 - 20:30||None|
|Copper||Monday 01:00 - Friday 24:00||Daily 00:15 - 01:00|
|Palladium||Monday 01:00 - Friday 24:00||Daily 00:15 - 01:00|
|Platinum||Monday 01:00 - Friday 24:00||Daily 00:15 - 01:00|
|Sugar #11||Daily 10:30- 20:00||None|
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.
All Commodity contracts are subject to an overnight SWAP with triple SWAPS being applied on the positions held over a Wednesday.