UK Brent Oil | US West Texas Oil | Natural Gas | Cocoa | Corn Cotton | Soy Bean | Wheat
Prospero lets you trade popular commodity CFDs with leverage, including those for oil, copper, platinum, wheat, cotton other commodities. These CFDs give you an easy and cost- effective way to trade one of the most liquid markets in the world.
By trading commodities as contracts for difference (CFDs), you are only speculating on the price movement and are never required to hold the underlying asset.
Commodity products can be traded with leverage of up to 400:1.
THERE ARE TWO TYPES OF COMMODITY PRODUCT
For more information please see our [Product Disclosure Statement].
*Prospero only provides general financial advice.
Brent oil is produced in the Brent region of the North Atlantic Ocean. Brent futures trading on the London Intercontinental Exchange and the New York Mercantile Exchange (NYMEX) are the benchmark for offshore oil prices. As a light crude oil, Brent crude is widely traded in futures, over-the-counter swaps, and forward and spot markets. More than 65% of the world’s physical crude oil is priced according to the Brent system. The main users are oil refineries in north-western Europe and on the east coast of the United States.
West Texas Intermediate (WTI) crude oil is relatively common in North America. Due to the global military and economic capabilities of the United States, WTI crude oil has become the benchmark for American crude oil pricing. To unify the domestic crude oil pricing system, the United States uses the WTI crude oil contract listed on NYMEX as the pricing benchmark. There is still a gap between the price of West Texas Light Crude Oil (WTI) and the price of North Sea Brent crude oil in the US market.
Natural gas (NGAS) is the third largest source of energy, second only to oil and coal. The use of natural gas is growing rapidly and is expected to replace coal as the second largest energy source in 2030.
In 1825, natural gas was first commercialized in the United States, but in the 1970s it began to develop into a major energy resource in the world. Today, natural gas is used not only by power plants to generate electricity, but also for domestic cooking and heating. The world’s largest natural gas producers are the United States, Russia, Iran, Qatar, Canada, China and Norway. These countries have surplus natural gas that can be exported to other countries in the world. Exported natural gas is transported through pipelines, and can also be transported as liquefied natural gas (LNG).
The natural gas（NGAS）CFD provided by Prospero is a cash product. Please note that this product will charge 3 times the overnight interest when the market is closed on Friday due to the weekend’s market closure.
Copper (Code: Copper) is recognized as one of the most important cyclical commodities and is widely used in construction, infrastructure and various equipment production fields.
For investors, trading copper through CFD is an important risk management tool and a tool that provides return opportunities for traders, and provides allocation opportunities for investment portfolio diversification. Copper has fully integrated into the US market and is the dominant benchmark throughout the copper value chain.
The copper CFD (Code: Copper) provided by Prospero is a cash product. Please note that this product will charge 3 times the overnight interest when the market is closed on Friday because the market is closed on the weekend.
Cocoa (Code:Cocoa) has been regarded as beverage consumption for hundreds of years. It was not until 1821 that Dutch manufacturers discovered that chocolate can be made from cocoa, and the use of cocoa was not positioned. Add sugar and the original powder into the fats and oils in the cocoa squeezing process. After solidification, it becomes the original chocolate. After that, Switzerland vigorously developed and promoted, thus driving the expansion of demand for cocoa raw materials.
The production and marketing of cocoa and coffee have a commonality, that is, the producing countries are mostly backward third world countries, while the consuming countries are concentrated in highly developed countries. Due to the differences in cocoa production and consumption regions, more than two-thirds of the total production is traded internationally. The United States is the largest consumer country, followed by Germany, the Netherlands, Brazil, the United Kingdom, France, etc.
The Cocoa CFD (Code: Cocoa) provided by Prospero is a cash product. Please note that this product will charge 3 times the holding cost when the market is closed on Friday due to the weekend’s market closure.
Corn (code) has abundant liquidity in the international market. By trading corn CFD, you can easily take advantage of the price fluctuations of the most widely planted crops in the United States, or hedge the risks of price fluctuations.
The corn market may fluctuate frequently due to weather conditions, politics, crop conditions, shipping and transportation issues. Corn futures can provide a unified and transparent global price discovery mechanism for the market.
The corn CFD (code) provided by Prospero is a cash product, and the quotation comes from our liquidity supplier. Please note that this product will charge 3 times the overnight interest when the market closes on Friday due to the weekend’s market closure.
Cotton is native to tropical and subtropical regions and is a perennial, short-day crop. After long-term artificial selection and cultivation, it gradually moved north to the temperate zone and evolved into an annual crop. Sow seeds in spring (or early summer), bud, bloom, and bear fruit that year, and complete the growth cycle. When the severe winter comes, life ends. In the life of cotton, temperature has a great influence on its growth, yield and product quality. In addition to temperature, cotton is very sensitive to light, and is more resistant to drought and is afraid of waterlogging.
Composition of cotton fiber quality Cotton fiber is a seed fiber formed by the elongation and thickening of the epidermal cells of the fertilized ovule, which is different from ordinary bast fiber. Cotton fiber is dominated by cellulose, accounting for 93-95% of the dry weight, and the rest are the accompanying organisms of the fiber. Because cotton fiber has many excellent economic properties, it has become the most important raw material for the textile industry.
The cotton CFD (Code: Cotton) provided by Prospero is a spot product, and the quotation comes from our liquidity supplier. Please note that this product will charge 3 times the overnight interest when the market closes on Friday due to the weekend’s market closure.
Soybean (Code: Soybean) has abundant liquidity in the international market, and trading soybean CFD can help you easily take advantage of the price fluctuations of the world’s most widely planted crops, or hedge the risk of price fluctuations.
Traders, granaries, farmers, investors, and commercial companies around the world use this fully electronic contract to manage risk, seek returns and/or diversify their investment portfolios.
At present, soybeans have formed one of the most active, liquid and dynamic products in the international market.
The Soybean CFD (Code: Soybean) provided by Prospero is a cash product, and the quotation comes from our liquidity supplier. Please note that this product will charge 3 times the overnight interest when the market is closed on Friday due to the weekend’s market closure.
Wheat (Code: Wheat) has been cultivated globally for more than seven centuries, and it has fed more people than other foods. In the United States, wheat is the third most planted crop, after corn and soybeans, with an annual output of more than 55 metric tons. Although the United States accounts for only 8% of global wheat production, it is still one of the largest wheat exporters.
The share of U.S. wheat exports fluctuates, which is affected by wheat production in other countries and the exchange rate of the U.S. dollar against major currencies. The higher the value of the US dollar, the higher the cost of importing American wheat, and the more likely it is to turn to other wheat exporting countries.
The wheat CFD (Code: Wheat) provided by Prospero is a cash product. Please note that this product will charge 3 times the overnight interest when the market is closed on Friday due to the weekend’s market closure.
|Instrument||Spread from||Underlying asset||Units||Maximum leverage||Minimum trade size|
|USOUSD (WTI oil spot)||2.5||NYMEX WTI crude oil futures, CME||Barrels||100:1||0.01|
|USOUSD (WTI oil Forward)||3||NYMEX WTI crude oil futures, CME||Barrels||100:1||0.01|
|UKOUSD (Brent oil spot)||2.5||Brent crude oil futures, CME||Barrels||100:1||0.01|
|NGAS (Natural Gas)||0.6||Natural Gas Futures, CME||MMBtu||50:1||0.01|
|Copper||2.7||BrentCopper Futures, CME||Tonnes||50:1||0.01|
|Cocoa||3.2||Cocoa Futures, CME||Metric tonnes||20:1||0.01|
|Corn||7||Corn Futures, CME||Metric tonnes||20:1||0.01|
|Cotton||14||Cotton Futures, CME||Tonnes||20:1||0.01|
|Soybean||12||Soybean Futures, CME||Bushels||20:1||0.01|
|Wheat||6||Wheat Futures, CME||Bushels||20:1||0.01|
* Spreads are indicative only.
[Click here] for trading hours and more details on all our commodity instruments.
“Spread from” is the lowest spread that can be offered on the given product. If the underlying market spread widens during the trading day, or if you are trading out of hours, the platform spread may also widen. Spreads shown are for the first price available for the average market trade sizes in the relevant product. The spread may widen for larger trading sizes. Please refer to the MT4 platform for more information.
This data is provided for general information only and may not be current. Please refer to the product properties section of the MT4 platform for real-time information on the spreads, margin requirements, commission (if applicable), and trading hours of a particular product.
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Commodities Holding Cost (Swap)
At the end of each trading day (5pm New York time), your open forex trading positions may be subject to a charge known as holding, swap, or rollover cost. The holding cost can be added to or deducted from your account depending on whether you are long or short.
FX holding costs are based on the tom-next (tomorrow to next day) rate and a fixed markup in the underlying market for the currency pair, and are expressed as points in the MT4 platform.
Most liquidity providers around the world (including global banks, financial institutions, prime brokers, and other market participants) are closed for business on Saturday and Sunday. However, they will still charge a holding cost for weekends. Generally, the foreign exchange market will calculate a three-day holding cost for an overnight open position on Wednesday. There is no holding cost on national holidays, but a holding cost for an extra day is calculated two working days before the national holiday.