CFD trading on commodities

Take a position on global commodity markets including crude oil, natural gas and wheat at City Index. Trade CFDs on a wide range of commodity markets with competitive pricing and fast execution.
Why trade commodities CFDs?

CFD trading is a popular way to trade commodities. City Index offers a wide range of 20+ energy, grain and soft commodities futures.

*CFD Trading is exempt from UK stamp duty. However, tax laws are subject to change and depend on individual circumstances. Please seek independent advice if necessary.

*CFD Trading is exempt from UK stamp duty. However, tax laws are subject to change and depend on individual circumstances. Please seek independent advice if necessary.

Real-time pricing

Our performance in numbers

0.1 m+
account holders*
1 .5k+
markets
0.55 s
average execution speed
50 %
of trades successfully executed

*StoneX retail trading live and demo account holders globally since Q4 2020.

Commodities futures CFDs

Futures are ideal for longer-term trading.

Commodities futures CFDs
Expiry date
Fixed monthly/quarterly expiry date
Financing charge
Financing charge contained within price
Markets
Wide range of 20+ energy, grain, soft commodities futures
Positions
Positions may be rolled over to next month/quarter

Mobile trading app

Seize trading opportunities with our most easy-to-use mobile app to date, with simple one-swipe dealing, advanced charting, and seamless execution. Available on Android and iOS.

TradingView charts

Complete with one-swipe trading, custom indicators, alerts and drawing tools.


Trading Central

Harness the power of technical analysis and access real-time trade ideas on our most popular markets.


Performance Analytics

Gain deeper insight into your trading and discover how you could improve your performance.

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Commodities CFD trading FAQ

What are the most-traded commodities?

The most-traded commodities tend to be gold, silver and oil. Gold is often used by traders as a hedge against volatility, as it’s seen to hold its value when other markets go awry. And as the resource that powers the global economy, oil markets can see some powerful volatility.

Here are the five top-traded commodity markets on the City Index platform:

  1. Gold
  2. Silver
  3. US crude oil
  4. UK crude oil
  5. Carbon emissions

Which way will they head next? Log in to take your position.

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What are the main drivers of commodity prices?

As with any financial market, commodity prices are driven by the laws of supply and demand. However, each commodity is different. The supply of oil is very different to that of gold, for example – and the same is true for its demand.

Oil is drilled around the world, then refined and transported in tankers, oil pipelines and more. Global supply can be fragile, with natural disasters or international conflict often seeing its price spike.

Demand, meanwhile, is driven by world industry. When the economy is growing, oil demand tends to rise. When the economy stalls, oil’s price might fall.

Gold is mined around the world, but unlike oil is very rarely consumed – so gold supply is constantly rising. Overall, the precious metal’s supply is less fragile than that of energy markets.

Its demand picture, too, is unique. Gold is prized for its ability to hold value and is stored by lots of central banks around the world. When volatility peaks, investors may try to buy gold as a ‘safe haven’, causing its price to rise.

Learn more about what drives gold and oil prices.

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How do you trade commodities with CFDs?

To trade commodities with CFDs, you’ll first of all need to learn how commodity CFDs work. Then, you can open a CFD account and use it to buy and sell oil, gold, silver and more.

Commodity CFDs work using contracts that track the live prices of commodity markets. Buying or selling one of these contracts is equivalent to trading a standard amount of the underlying commodity it tracks – and gives you the same exposure as trading the commodity in the open market.

However, you’ll never actually own the commodity or future that you’re trading, so you don’t need to worry about taking delivery or storage.

A City Index account enables you to trade our full range of commodity markets alongside indices, shares, forex and more. Open your trading account here.

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If you have more questions visit the FAQ section or start a chat with our support.