Commodity CFD product and contract specs

Commodity contracts for difference (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, light sweet crude, brent crude oil, gas oil, carbon emissions, gold and silver.

• Buy if you think the market will rise; sell if you think the market will fall
• 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

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 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 CFD contract specifications

Alpari CFD Expiry Date

• 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 preceding 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.
• Light sweet crude (WTI): Trading in the current delivery month shall cease five business days prior to the 25th calendar day of the month preceding the delivery month. If the 25th calendar day of the month is a non-business day, trading shall cease on the third business day prior to the last business day preceding the 25th calendar day. In the event that the official exchange holiday schedule changes subsequent to the listing of a crude oil futures contract, the originally listed expiration date shall remain in effect. In the event that the originally listed expiration day is declared a holiday, expiration will move to the business day immediately prior.
• Brent crude oil: Trading terminates two business days before the 15th day before the first day of the contract month, if such 15th day is a business day. If such 15th day is not a business day then two business days before the next preceding business day.
• Gas oil: Trading shall cease at 19:00 (MT), two business days prior to the 14th calendar day of the delivery.
• Carbon emissions (EUA): Two business days before the last Monday of the contract month. However, if the last Monday is a non-business day or there is a non-business day in the four days following the last Monday, the last day of trading will be two business days before the penultimate Monday of the delivery month.
• 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.

If your trades remain open when the settlement price is published by the relevant exchange on the Alpari CFD Expiry Date, Alpari (UK) will automatically close them. Details of the Alpari CFD Expiry Date can be found below.

The official settlement price is published by the exchange shortly after the pit close.

Quoted months

Shaded areas in the table represent currently available contracts.

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

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