01 / TRADING
Commodities
Supply, demand and the global economy
Commodity prices reflect demand for physical resources and the ability to supply them. Production, inventories, transport and seasonal consumption can matter as much as broader economic conditions.
Metals and energy
Trading conditions
- Metals
- Gold, silver, platinum
- Energy
- Brent, WTI, natural gas
- Commission
- No separate trade fee
- Price drivers
- Supply, demand and seasonal changes
Spread and, when applicable, overnight financing are additional. The order form shows the estimated trade commission.
Explore the market
Precious metals
Gold, silver and platinum combine investment and industrial demand. Currency movements and interest-rate expectations provide additional context.
Oil
Brent and WTI are distinct oil benchmarks. Production decisions, inventories, refining demand and supply disruptions can affect their prices differently.
Natural gas
Heating, electricity generation and storage shape gas demand. Weather, available supply and regional infrastructure can produce strong seasonal changes.
What to consider
- Units and quotation
- Metals, oil and gas use different quotation units. Check the instrument’s currency, quantity step and position value instead of comparing price levels directly.
- Inventories and production
- Inventory reports and production decisions help assess supply conditions. Compare reported changes with market expectations, not just the headline number.
- Seasonality and events
- Weather, transport disruptions and geopolitical events can affect supply or demand quickly. The influence differs between each resource and region.
- Trading conditions
- Check the session, spread, required margin and any overnight financing. These conditions can change the cost of keeping a position open.
Market risks
Supply disruptions, extreme weather and unexpected changes in demand can cause abrupt price moves. Related resources do not always move together, and leverage or a larger spread can increase the effect on a position.
Read the risk informationFrom an instrument to an order
Find an instrument
Open the market category, search by ticker or name, and add instruments to favourites to return to them quickly.
Check the market
Review the chart, timeframe, buy and sell quotes, and observation time. Check the trading session and distinguish a current quote from an older observation.
Prepare the order
Set the quantity and order type. Review the estimated costs, available margin and any stop-loss or take-profit settings before confirming.
Your markets, in the browser
The terminal brings instrument search, charts, orders and portfolio management together. Open your personal account on a phone or computer to continue.