Commodity CFDs

Commodity CFDs are contracts that mirror the performance of the underlying commodity with the profit or loss calculated as the difference between the purchase price and the selling price.

Alpari (UK)’s range of commodity CFDs includes copper, sugar, corn, soybean, gold and silver.

  • Buy if you think the market will rise; sell if you think the market will fall.
  • Open position with a margin of USD2,000 per 1 lot – as CFDs are leveraged products there is no need to pay the full value of the position.
  • There is no financing charge if your position remains open at the end of the trading session.
  • No commission is charged on Commodity CFDs.
  • Commodity CFDs have a market expiry date. Alpari will close client positions at the official settlement price, two days before the official expiry.

Pending orders

Pending orders (buy stop, sell stop, buy limit and sell limit) will be automatically deleted when the market closes at the end of each trading session. Please note, however that Stop Loss and Take Profit orders will remain in the market.

Trading hours

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. Due to the volatility of equity markets, the opening price at the start of the next trading session can be vastly different from the closing price in the previous trading session. Please see contract specifications for more details.

Commodity CFDs contract specifications

  Copper Sugar No 11 Corn Soybean
Abbreviation Alpari/exchange HGA./HG SB./SB ZC./ZC ZS./ZS
Type Future Future Future Future
Country US EU US US
Currency USD USD USD USD
Exchange CME Comex (Base) ICE US CME GLOBEX CME GLOBEX
Spread from 50
(10 increments)		 8
(8 increments)		 1.5
(6 increments)		 2.25
(9 increments)
Increment 0.0005 0.01 0.25 0.25
Increment value $12.50 $11.20 $12.50 $12.50
Margin $2,000 $1,000 $1,000 $2,000
Contract unit 25,000 lbs 112,000 lbs 5,000 Bushals 5,000 Bushals
Duration Monthly Monthly Monthly Monthly
Trading hours* 01:00-00:15 MetaTrader/EET 08:30-21:00 MetaTrader/EET 02:00-15:15 & 17:30-21:15 MetaTrader/EET 02:00-15:15 & 17:30-21:15 MetaTrader/EET
Quoted months All (not all months are liquid) Mar (H), May (K), Jul (N), Oct (V) Mar (H), May (K), Jul (N), Sep (U), Dec (Z) Jan (F), Mar (H), May (K), Jul (N), Aug (Q), Sep (U), Nov (X)

 

  Gold Silver
Abbreviation Alpari/exchange GC. SI.
Type Future Future
Country US US
Currency USD USD
Exchange CME Comex (Precious) CME Comex (Precious)
Spread from 0.3
(3 Increments)		 0.02
(4 Increments)
Increment 0.1 0.005
Increment value $10.00 $25.00
Margin $1,000 $1,000
Contract unit 100 troy oz 5,000 troy oz
Duration Monthly Monthly
Trading hours* 00:00-23:15 MetaTrader/EET 00:00-23:15 MetaTrader/EET
Quoted months All (not all months are liquid) All (not all months are liquid)

*Alpari (UK) trading hours cease at 00:00 EET on Fridays.

Official Expiry

  • Copper: Trading terminates at the official settlement price on the Friday before the first notice day.
  • Sugar No 11: Trading terminates two business days before expiry on the month proceeding the delivery month (except January, which is the second business day before the 24th calendar day of the prior month);
  • Corn: Trading terminates at the official settlement price on the Friday before the first notice day.
  • Soybean: Trading terminates at the official settlement price on the Friday before the first notice day.
  • Gold: Trading terminates at the official settlement price on the Friday before the first notice day.
  • Silver: Trading terminates at the official settlement price on the Friday before the first notice day.

The official settlement price is published by the exchange shortly after the pit close. We will endeavor to close the positions promptly after this price has been published. The date this process will occur is shown in brackets next to the relevant month's symbol.

Quoted months

Shaded areas in the table represent currently available contracts.

Month codes Copper Sugar No 11 Corn SoybeanGoldSilver
January (F) HG.F2
(25 Jan 12)		     ZS.F2
(28 Jan 12		 GC.F2
(tba)		 SI.F2
(30 Dec 11)
February (G) HG.G2
(23 Jan 12)		       GC.G2
(30 Jan 12)		 SI.G2
(24 Feb 12)
March (H) HG.H2
(26 Mar 11)		 SB.H2
(27 Feb 12)		 ZC.H2
(12 Mar 12)		 ZS.H2
(12 Mar 12)		 GC.H2
(tba)		 SI.H2
(26 Mar 12)
April (J)         GC.J2
(23 Mar 12)		 SI.J2
(tba)
May (K) HG.K2
(27 Apr 12)		 SB.K2
(26 Apr 12)		 ZC.K2
(27 Apr 12)		 ZS.K2
(27 Apr 12)		 GC.K2
(tba)		 SI.K2
(27 Apr 12)
June (M)         GC.M2
(25 May 12)		 SI.M2
(tba)
July (N) HG.N2
(22 Jun 12)		 SB.N2
(27 Jun 12)		 ZC.N2
(22 Jul 12)		 ZS.N2
(22 Jul 12)		 GC.N2
(tba)		 SI.N2
(22 Jun 12)
August (Q) HG.Q2
(27 Jul 12)		     ZS.Q2
(27 Jul 12)		 GC.Q2
(27 Jul 12)		 SI.Q2
(tba)
September (U) HG.U2
(24 Aug 11)		   ZC.U2
(24 Aug 12)		 ZS.U2
(24 Aug 12)		 GC.U2
(tba)		 SI.U2
(24 Aug 12)
October (V) HG.V2
(21 Sep 12)		 SB.V2
(26 Sep 12)		     GC.V2
(21 Sep 12)		 SI.V2
(tba)
November (X) HG.X2
(26 Oct 12)		     ZS.X2
(26 Oct 12)		 GC.X2
(tba)		 SI.X2
(tba)
December (Z) HG.Z2
(23 Nov 12)		   ZC.Z2
(23 Nov 12)		 ZS.F3
(28 Dec 12)		 GC.Z2
(23 Nov 12)		 SI.Z2
(23 Nov 12)

Alpari (UK) Limited reserve the right to make necessary changes to these dates with no notice.

Risk warning: Forex, spread bets and CFDs are leveraged products. They may not be suitable for you as they carry a high degree of risk to your capital and you can lose more than your initial investment. You should ensure you understand all of the risks.

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