Trading Commodities with SKY Forex
A commodity is any physical product including food, grains or metals, that can be exchanged with another product of the same type, and is able to be bought or sold between people, or investors. Hard commodities are typically products like Crude Oil, Natural Gas, Gold, and Silver which are mined. Weather speculated as a spot, or a future contract, commodities are traded on global exchanges, like the New York Mercantile Exchange (NYMEX), the Chicago Mercantile Exchange (CME), Commodities Exchange (COMEX), and EURONEXT.
Trading commodities for the individual investor has never been easier than with a new generation of trading systems created at SKY Forex. All commodity trading is conducted via CFDs (Contract for Difference). CFDs allow clients to trade as never before, by placing buy / sell orders without the need to take physical delivery of barrels of oil, or gold bullion. Clients are able to diversify their investment portfolios by adding commodity positions through the same trading platform as regularly traded Forex instruments.
Advantages of Trading Commodities with SKY Forex
To get started, simply open a live account, complete the application and await your approval. Once complete trading begins.
At SKY Forex we always recommend clients to take advantage of our skilled and experienced Account Managers who are ready to provide 1-on-1 consultations on navigating the trading platform.
At SKY Forex, clients have a diverse range of Commodities available to trade including: Gold, Silver and Crude Oil. Clients will also see the availability of additional commodity instruments including; Wheat, Soybeans, Corn, Cotton, Coffee and many more.
|Instrument||Default Spread||ECN Spread||Leverage||ECN Leverage*||Lot Size||Min. Trade||ECN Min. Trade|
|Gold: XAU/USD||70||50||1:50||1:25||100||0.1 lot||0.1 lot|
|Silver: XAG/USD||70||50||1:50||1:25||1 000||0.1 lot||0.1 lot|
|Crude Oil||5||2||1:26||1:13||1 000||0.1 lot||0.1 lot|
|Brent Oil||5||3||1:50||1:25||1 000||0.1 lot||0.1 lot|
|Natural Gas||9||0,2||1:50||1:25||10 000||0.1 lot||0.1 lot|
|Coffee||12||11||1:50||1:25||375||0.1 lot||0.2 lot|
|Sugar||70||1||1:50||1:25||1 120||0.1 lot||0.1 lot|
|Copper||60||5||1:50||1:25||25||0.2 lot||0.2 lot|
|Corn||100||25||1:50||1:25||50||0.2 lot||0.2 lot|
|Wheat||100||75||1:50||1:25||50||0.2 lot||0.2 lot|
* ECN Leverage refers to STP execution for diamond/VIP accounts
** SKY Forex deals with rollovers on positions on a “spot” basis. This means that all positions are settled two business days from inception, as per market rules. SKY Forex will not facilitate actual physical delivery of either precious metals/commodities/ or currency.
*** Prices displayed on the website may be affected by changes in currency exchange rate and price movements thereby affecting your investment return therefrom.
**** This information does not constitute an offer or solicitation and is provided for information purposes shall not be deemed to constitute advice and should not be relied on as such to enter into a transaction or for any investment decision. Any opinions expressed in this document represent the views of SKY Forex at the time of preparation. They are thus subject to change without notice. SKY Forex believes that the information contained herein is accurate as at the date of publication. However, no warranty of accuracy is given by SKY Forex and no liability in respect of any errors or omissions, including any third party liability, are accepted by SKY Forex or any director, officer or employee.