Commodity CFDsAt Global CFD, you have access to trade a number of commodities in the energy sector.
One of the more volatile markets over the last few years is oil. Oil is sometimes referred to as a political commodity.
Many nations have been fighting for power and supremacy over what has been the dominant commodity for the economic powerhouses of the world.
You can trade the following Commodity CFDs with Global CFD (update the table with the relevant precious metals)
|Brent Crude||WTI Crude||Other Commods?|
|Spreads from Pro||0.5||0.5||0.5|
|Min trade size||0.01||0.01||0.01|
|Min trade size Pro||0.1||0.1||0.1|
|Leverage||200 to 1||200 to 1||200 to 1|
Why trade Commodity CFDs with Global CFD?
- Commission free trading
- Trade the full range of energy commodities
- Trade with 200 to 1 leverage
- No requotes & No slippage
- Negative balance protection
- Trade 24/5 and access your trades from the PC, mobile or tablet.
Commodity markets are well-known by traders as being some of the best trending markets available.
Previously, traders could only access the commodity markets, such as WTI Crude and Brent Crude Oil via the futures markets.
Now you can open a free live trading account, get access to free charting and place trades 24 hours a day, all commission free.
Traders love commodities due to their cyclical nature. For example, during the American summer, families love going on road trips. As a result, demand for oil rises.
Crude oil prices can also react quickly when there are political tensions in the Arab nations as well as cyclones near major oil rigs.
Basics of a Crude Oil trade
If you wanted to trade Brent Crude Oil versus the US Dollar and you thought it was going higher, you would simply buy Brent Crude at the spot price.
As of the 25th of August 2017, Brent Crude was trading at 52.45/52.95
The bid price was 52.45, and the ask price was 52.95. The spread is the difference between the two prices, in this case, $0.50.
If you wanted to buy Brent Crude Oil, you would buy at the first selling price, which is 52.95. You are now long Brent Crude Oil.
If you wanted to close the position, you would sell it at the first available bid price, which is 52.45.