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BitPay Exchanges specialises in low latency connectivity to the world's premier ECNs and tier-1 liquidity providers for an unrivalled trading experience.

The Commodities markets such as Gold and Oil are popular with traders due to their trending nature and sometimes rapid moves resulting from geopolitical and economic risks and uncertainty, as well as sudden dramatic shifts in supply and demand.

This potential for high volatility and large price moves combined with 24/5 trading, and generous trading conditions, has made the commodities market a place of risk and reward for the advanced trader.

12.8
Avg. GOLD
1.1
Avg. SILVER
1.6
Avg. WTI OIL

 

See All Avg. Spreads
Transparency, Execution & Technology

Why traders choose BitPay Exchanges for their Commodities trading?

Trade Commodities Securely
Boost Your performance
  • We use leading non-bank market makers who specialise in Indices and commodities trading
  • BitPay Exchanges has some of the most competitive spreads in the world across all of the markets that we offer. See our spreads page for details.
Better Fills Less slippage
  • We hold our liquidity providers to a high standard
  • Fill ratios of 90% or greater with all LPs
  • Trades executed as limits with no ‘last look’ when supported
Get the price you see and want
  • Ultra fast order execution
  • Equinix NY4 (New York) tech and platform hosting + cross connects to our trading counterparties for the lowest latency
  • Average fill times of just 30ms make us one of the fastest brokers in the world

How does COMMODITIES trading work?

Trading commodities with BitPay Exchanges is very much like trading FX. Instead of buying or selling an amount of base currency against a counter currency, you are buying or selling a number of units of a commodity against the US dollar.

For example, one contract of XAUUSD is 100 ounces of Gold while one contract of WTIUSD is 1000 barrels of West Texas Intermediate crude oil.

Commodities trade almost 24/5, have overnight financing and do not expire.

Trade Commodities Now Demo Account
BitPay Exchanges How it Works

INDICES Trading Example

The gross profit on your rate is calculated as follows:

Opening Price

2,000 barrels UKOIL x 64.614 = 129,228 USD

Required Margin

129,228 USD x 1% = 1,292.28 USD

Closing Price

2,000 barrels UKOIL x 67.543 = 135,086.00 USD

Gross Profit on Trade USD

$5,858.00 USD

Opening the position

The price of Brent crude oil is 64.604 bid /64.614 ask. You would like to buy 2,000 barrels at 64.614 ask price. (1 lot = 1,000 barrels)

You have 6,000 AUD balance and the leverage is 1:100

Closing the position

3 weeks later, Brent crude oil CFD has increased to 67.543.

Since you are in profit, you would like to take your profit by selling your 2,000 barrels at 67.543.

Trading Conditions

View our trading conditions across our full range of products to see how trading with BitPay Exchanges is your next best move.

Trading Commodities

Spreads

Live and historical average spreads

Swap Rates

Swap Fees

Current swap rates and overnight interest charges

Margin Leverage

Margin & Leverage

Specs and examples across all products

Trading Hours

Market Hours

The open/trading hours across all of our products

Instrument

 XAGUSD XAUUSD XPDUSD XPTUSD XTIUSD UKOIL

Minimum Spread

 0.0 0.0 0.0 0.0 0.0 0.0

Average Spread

 1.1c 12.8c 1290c 95c 1.6c 1.6c
See All Average Spreads

Disclaimer: Spreads from ‘Trade Proofer’ monthly spread data September 2019 report.

BitPay Exchanges

ECN Account Features

Pricing & Execution
ECN | STP | NDD
Spreads
From 0.0 Pips
Leverage
1:100 or 1:200
Minimum Deposit
A$ 200 or equivalent
Zero Fee
Funding & Withdrawal
Margin Call/Stop
120% & 100%
Min. Trade Size
0.01 Lots
Max. Trade Size
Up to 1000 Lots
Free VPS
Trade over 20 lots / month
Sign up Today

  • Available Markets

    46 FX, 6 Commodities, 10 Indices, 5 Crypto

  • ECN Account Types

    Individual, Joint, Corporate and Trust accounts

  • Currencies & Commissions

    7 AUD, 7 USD, 6.2 EUR, 5.4 GBP, 9.5 SGD, 9 CAD

What Traders are Saying

  • <1 ms
    Execution from
  • <25 ms
    Avg. FX Execution
  • 0.1 pips
    Avg. EURUSD spread
Transparent Trading Model

Tight prices, fast fills, low slippage, trade receipts

Best Execution

Is about achieving the best possible result for our clients trades. Our aim is to be the #1 retail broker in the world for pricing and execution...

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How we make money

This means explaining exactly how we make money, how trades are executed and with whom, so traders can make an informed decision...

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What is ECN?

The ECN model was born to facilitate high volume, off exchange, anonymous trading, across a range of market asset classes...

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