LMFX commodity contracts allow you to participate in the various commodity markets without the need to worry about physical delivery, storage costs or any other logistical issues that can be associated with commodities trading. There are no complex arrangements, you simply decide whether prices going up or down, take your position and wait for the price action.
The LMFX commodity products include the soft, agricultural based products such as wheat; sugar, coffee and corn to metals palladium, copper and platinum.
As with any contract for difference, your profit is calculated by using the entry price versus the exit price to determine the success of the trade. By trading LMFX commodity CfD's you are able to benefit by using the low margin requirements and fractional position to access markets traditionally associated outside the reach of most traders.SWAP Policy Trading Hours Execution Desk
|Description||1 Lot Size||Used Margin per lot||Spreads *||Swap Short||Swap Long||Limit and Stop Levels||Tick Size||Tick Value|
|Palladium||100 Troy Oz||$1500||1.80||-0.54||-1.61||0.70||0.05||$5|
|Platinum||50 Troy Oz||$1500||3.60||-0.50||-1.50||0.70||0.1||$5|
|Sugar #11||112000 Lbs||$700||0.10||-0.13||-0.39||0.05||0.01||$11.20|
Each commodity operates within its exchanges trading hours. This should be an important factor when deciding to trade commodities. In the event the exchange is 'closed for trading' for your chosen commodity, the trading in the selected commodity is frozen until the market open for the next session. This means that you will not be able to close your trade until the open of the next session.
In addition to specific trading sessions, commodities also have their own expiry dates. All trading session times and expiry dates are available on the product information page.
|Trading Product||Trading Hours (GMT+2)||Break Time (GMT+2) ***|
|Copper||Monday 01:00- Friday 24:00||Daily 00:15 - 01:00|
|Palladium||Monday 01:00- Friday 24:00||Daily 00:15 - 01:00|
|Platinum||Monday 01:00- Friday 24:00||Daily 00:15 - 01:00|
|Sugar #11||Daily 10:30-20:00||None|
|Corn||Daily 03:00-21:00||Daily 15:45-16:30|
|Wheat||Daily 03:00-21:15||Daily 15:45-16:30|
All Commodity contracts are subject to an overnight SWAP with triple SWAPS being applied on the positions held over a Wednesday.