Trade commodities

with confidence

Access the dynamic world commodity market and diversify your portfolio with unique market protections.

Why trade commodities online with Upstable FX

Trade precious metals and energies with trading conditions that give your 
strategy an advantage.

Commodity derivatives

Hedge your portfolio with popular precious metals like gold and silver or diversify with top-traded energies like crude oil and natural gas.

Flexible market access

Trade XAGUSD, XAUUSD, USOIL and UKOIL 5 days a week and maximize your trading results.

Security of funds

Trade the commodity markets with Negative Balance Protection. Benefit from PCI DSS financial data protection, and segregated client accounts in tier-1 banks.

Stop Out Protection

Strengthen your positions against inevitable market volatility with a feature that helps delay or sometimes completely avoid stop outs.

Low and stable spreads

Keep your trading costs low, even when prices are fluctuating. Enjoy low and stable spreads, even during high-impact market news and economic events.

Fast execution

Never miss a pip. Get your orders executed in under 25ms on both the MT platforms and proprietary Upstable FX Terminals.

Commodity market spreads and swaps

Account

Commodity market spreads and swaps

Market execution
Symbol
Avg. spread

pips

Commission

per lot/side

Margin

1:2000

Long swap

pips

Short swap

pips

Stop level*

pips

Commodity market conditions

The commodity market is a global marketplace for trading various types of commodities like precious metals and energies. Trading them allows you to speculate on the price of highly volatile instruments like gold and oil without buying the underlying asset, whether the commodity price is going up or down.

Trading hours

Instrument
Open
Close
XAU
Sunday
23:05:00
Friday
21:57:59

Daily break 21:58:00-23:01:00

Close only 21:49:00-21:57:59

XAG
Sunday
23:05:00
Friday
21:58:00

Daily break 21:58:00-23:01:00

XPDUSD, XPTUSD
Sunday
23:10:00
Friday
21:58:00

Daily break 21:58:00-23:05:00

XALUSD, XCUUSD, XPBUSD, XZNUSD
Daily
01:00:00
Daily
18:54:59

Daily break 18:54:59-01:00:00

XNIUSD
Daily
08:00:00
Daily
18:54:59

Daily break 18:54:59-08:00:00

USOIL, XNGUSD
Sunday
23:10:00
Friday
21:44:00

Daily break 21:45:00-23:10:00

UKOIL
Monday
01:10:00
Friday
21:54:00

Daily break 21:55:00-01:10:00

All timings are in server time (GMT+0).

Spreads

Spreads are always floating. Because of this, the spreads in the above table are averages based on the previous trading day. For live spreads, please refer to the trading platform.

Our lowest spreads are on Zero account and remain fixed at 0.0 pips for 95% of the trading day. These instruments are marked with an asterisk in the table.

Swap

Swap is a type of commission applied to trading positions held overnight. The swap can be positive or negative, based on the interest rates of the underlying instrument and the position (buy or sell). It’s charged or paid to your trading account at 21:00 (GMT+0) each day, excluding weekends, until the position is closed. To help you estimate your swap costs, you can use our handy Upstable FX calculator.

On Wednesdays, a triple swap rate applies for positions in gold, silver, platinum, and other metal pairs to account for the market close over the weekend where no swaps are charged.

If you have Extended swap-free status, you won’t be charged any swaps for the instruments marked in the table above. To check your swap status, simply log in to your Personal Area, go to Settings, and then to the Trading Conditions tab.

If you are a resident of a Muslim country, all accounts are automatically swap-free.

Stop level

Please note that the stop level values in the table above are subject to change and may not be available for traders using certain high-frequency trading strategies or Expert Advisors.

Fixed margin requirements

Margin requirements for the following commodities always remain fixed, regardless of the maximum leverage set on your account:

  • For XAL (aluminum), XCU (copper), XNI (nickel), XPB (lead), XPT (platinum), XPD (palladium) and XZN (zinc) leverage is set at 1:100

  • For XNGUSD (natural gas), leverage is set at 1:20

Margin requirements for USOIL and UKOIL always remain fixed with a leverage of 1:200, except for specific periods of higher margin requirements.

During the following higher margin requirements periods, the margin requirements for both USOIL and UKOIL are set at 5% (1:20 leverage):

  • USOIL: from 16:45 (GMT+0) on Friday to 22:59 (GMT+0) on Sunday

  • UKOIL: from 08:00 (GMT+0) on Friday to 00:30 (GMT+0) on Monday

Dynamic margin requirements

Margin requirements are tied to the rate of leverage you use. Changing your leverage will cause margin requirements on XAU (gold) and XAG (silver) pairs to change.

Just as spreads change depending on conditions, the leverage available to you can also vary. This can happen for a number of reasons:

Equity

The maximum leverage that you can use on your account depends on your account’s equity:

Equity, USD
Maximum leverage
0 – 999
1:Unlimited
0 – 4,999
1:2000
5,000 – 29,999
1:1000
30,000 or more
1:500

The maximum leverage that you can use on your account depends on your account’s equity:

Equity, USD
Maximum leverage
0 – 999
1:Unlimited
0 – 4,999
1:2000
5,000 – 29,999
1:1000
30,000 or more
1:500
Economic news

Around the release of relevant high-impact economic news, new positions on XAU and XAG pairs are limited to 1:200 leverage. This applies from 15 minutes before the news release to 5 minutes after.

You can find out when major economic news is due for release on our Economic calendar.

Around the release of relevant high-impact economic news, new positions on XAU and XAG pairs are limited to 1:200 leverage. This applies from 15 minutes before the news release to 5 minutes after.

You can find out when major economic news is due for release on our Economic calendar.

Weekends and holidays

The same higher margin requirements also apply three hours before a market closes and one hour after it opens, and for XAUUSD four hours before the market closes for the weekend and one hour after the market opens after the weekend.

When there is a change in margin requirements due to holidays, we will inform you via email.

The same higher margin requirements also apply three hours before a market closes and one hour after it opens, and for XAUUSD four hours before the market closes for the weekend and one hour after the market opens after the weekend.

When there is a change in margin requirements due to holidays, we will inform you via email.

Daily breaks

All new XAU positions opened in the 30 minutes before the daily break will be subject to increased margin requirements with leverage being capped at 1:1000.

Read more about the changes in margin requirements in the FAQ below.

All new XAU positions opened in the 30 minutes before the daily break will be subject to increased margin requirements with leverage being capped at 1:1000.

Read more about the changes in margin requirements in the FAQ below.

Open an account & start trading commodities

  • Expand your portfolio with commodity trading and capitalize on endless opportunities.

  • Trade some of the most popular commodities online including gold and crude oil with both low and stable spreads.

  • Leverage unique trading conditions like Stop Out Protection to give your strategy an advantage.

  • Open an Upstable FX account today and speculate on commodity price movements 
on award-winning platforms.

Frequently asked questions

All
Commodity trading
Margin
Pending orders
Gaps

Commodities are raw materials that are produced in large quantities and traded on an international market.

Examples of commodities include energies like crude oil and natural gas, and precious metals like gold, silver, and platinum.

Commodity prices are typically determined by factors like supply and demand, political stability, currency value, and economic performance.

You can trade a wide range of financial instruments on the commodity market, most notably precious metals and energies.

Many traders will capitalize on the volatility of energies to benefit from the frequent price fluctuations, while others will trade gold to hedge their portfolio with a safe haven asset.

At Upstable FX, you can trade commodity derivatives on the world's most highly-traded commodities, including USOIL, XNGUSD, UKOIL, XAUUSD, XAGUSD, and XPTUSD.

The most popular commodities to trade are precious metals like gold, silver, and platinum, as well as energy products like crude oil, UK oil, and natural gas.

The instruments listed above are the most popular, whether you trade or invest in commodities because of their frequent price movements.

Precious metals are particularly popular because of their limited supply and constant demand, while energy commodities are attractive investments because of their sensitivity to global events.

When trading or investing in commodities, the main risk factors to consider are market volatility, leverage, and currency exchange rate risks. Market volatility is basically the rapid fluctuation of prices within a certain time period, which can be a very significant factor in commodity trading. When trading the world commodity market, you need to consider fundamental aspects like political stability, supply and demand, and economic performance. To make sure you maximize your performance, staying up to date with the latest market news is crucial to forming a robust and advanced commodity trading strategy. It's also important to remember that leveraged commodity trading can increase potential losses if you don't combine it with a proper risk management strategy.

​​When important news is released, it can lead to significant volatility and price gaps. Using high leverage in a highly volatile market is risky because sudden movements can result in larger losses. That’s why we cap leverage at 1:200 during news releases for all new positions in gold and silver pairs.

The following rules apply when it comes to setting levels for pending orders:

  • Pending orders along with SL and TP (for pending orders) must be set at a distance (at least the same as current spread or more) from the current market price.

  • SL and TP in pending orders must be set at least the same distance from the order price as the current spread.

  • For open positions, SL and TP must be set at a distance from the current market price which is at least the same as that of the current spread.

At Upstable FX, we know how it feels when your pending order falls in a price gap, so it’s only fair that we guarantee no slippage for virtually all pending orders that are executed at least 3 hours after trading opens for an instrument. However, if your order meets any of the following criteria, it will be executed at the first market quote that follows the gap:

  • If your pending order is executed in market conditions that are not normal, such as during a period of low liquidity or high volatility.

  • If your pending order falls in a gap but the difference in pips between the first market quote (after the gap) and the requested price of the order is equal to or exceeds a certain number of pips (gap level value) for a particular instrument.

Gap level regulation applies to specific trading instruments.

Start trading commodities today

It only takes 3 minutes to get your 
account set up and ready for trading.