Market Information

LCG offer a variety of financial markets which include Commodities (WTI Crude oil, Brent Crude oil, Gasoil, Gold, Silver, Coffee, Cocoa and Sugar), Currencies and Indices. See below for further information on each market.

image

We offer quotes on a range of commodity markets including energy markets, for example, Gold and Silver, and soft commodities such as Coffee, Cocoa and Sugar. Each of our quotes reflects the real underlying future contracts allowing you to take the view that a commodity, oil or metal is overvalued or undervalued.

Trading commodities can be exciting, but at the same time risky due to their nature. Whilst the majority of these markets are electronically traded, the majority have different trading hours from each other and are priced slightly differently.

image
Market LCG quoting hours Contract size Min Trade Size Spread per contract Max Leverage Rollover Day Settlement details
Energy Markets
Brent Crude Oil Futures 07:15 - 21:00 (Mon - Fri) 1,000 Barrels 0.1 lot $0.05 100:1 2nd Wed Rollover
WTI Crude Oil Futures 23:05 - 24:00 (Sun) & 00:00 - 22:00 (Mon - Thurs) & 00:00 - 21:00 (Fri) 1,000 Barrels 0.1 lot $0.05 100:1 2nd Wed Rollover
Gasoil Future 07:15 - 21:00 (Mon - Fri) 100 Metric Tonnes 0.1 lot $1.00 100:1 2nd Wed Rollover
Metals
Gold Spot 23:05 - 24:00 (Sun) & 00:00 - 22:00 (Mon - Thurs) & 00:00 - 21:00 (Fri) 100 Troy oz 0.1 lot $0.50 100:1 N/A N/A
Silver Future 23:05 - 24:00 (Sun) & 00:00 - 22:00 (Mon - Thurs) & 00:00 - 21:00 (Fri) 5,000 Troy oz 0.1 lot $0.04 50:1 2nd Wed Feb, May, Aug, Nov Rollover
Softs
Coffee 08:45 - 18:50 (Mon - Fri) 37,500 lb 0.1 lot 0.5 cents 100:1 2nd Wed Rollover
Cocoa 09:15 - 18:50 (Mon - Fri) 10 metric tonnes 0.1 lot $9 100:1 2nd Wed Rollover
Sugar 08:45 - 18:50 (Mon - Fri) 112,000 lb 0.1 lot 0.09 cents 100:1 2nd Wed Rollover
image

The spot currency market, also known as Forex or FX, is different to other financial markets in that it is not traded on a formal exchange. Volumes traded in the currency markets are vast totalling some $2 trillion every day and as a result FX makes up the largest and the most liquid markets in the world.

Not only are participants in the FX markets governments and banks, but they are individual companies and even retail investors all of whom are using price fluctuations to profit from movements in exchange rates or to hedge themselves against exposure to other currencies. The Forex markets are open 24 hours a day and we quote the major FX pairs overnight allowing you to trade outside of our core opening hours.

image
Market LCG quoting hours Contract size Min Trade Size Spread per contract Max Leverage Rollover Day Settlement details
AUD/JPY 22:05 - 21:00 (Sun - Fri) AUD 100,000 0.1 lot 4 300:1 N/A N/A as spot trades do not have an expiry date
AUD/USD 22:05 - 21:00 (Sun - Fri) AUD 100,000 0.1 lot 3 300:1 N/A
EUR/CHF 22:05 - 21:00 (Sun - Fri) EUR 100,000 0.1 lot 4 300:1 N/A
EUR/GBP 22:05 - 21:00 (Sun - Fri) EUR 100,000 0.1 lot 3 300:1 N/A
EUR/JPY 22:05 - 21:00 (Sun - Fri) EUR 100,000 0.1 lot 3 300:1 N/A
EUR/USD 22:05 - 21:00 (Sun - Fri) EUR 100,000 0.1 lot 2 300:1 N/A
GBP/CHF 22:05 - 21:00 (Sun - Fri) GBP 100,000 0.1 lot 6 300:1 N/A
GBP/JPY 22:05 - 21:00 (Sun - Fri) GBP 100,000 0.1 lot 6 300:1 N/A
GBP/USD 22:05 - 21:00 (Sun - Fri) GBP 100,000 0.1 lot 3 300:1 N/A
USD/CAD 22:05 - 21:00 (Sun - Fri) USD 100,000 0.1 lot 3 300:1 N/A
USD/CHF 22:05 - 21:00 (Sun - Fri) USD 100,000 0.1 lot 3 300:1 N/A
USD/JPY 22:05 - 21:00 (Sun - Fri) USD 100,000 0.1 lot 3 300:1 N/A
USD/NOK 22:05 - 21:00 (Sun - Fri) USD 100,000 0.1 lot 50 300:1 N/A
image

An index is the value of a particular market that is made up of a certain number of stock prices. The value is expressed as a price that has changed from a base value allowing investors to perceive how a particular stock market has performed. Indices measure and represent a value of a basket of shares and for the majority of the world's major indices there are future prices as well as the specific cash price.

image
Market LCG quoting hours Contract size Min Trade Size Spread per contract Max Leverage Rollover Day Settlement details
FTSE 100 Cash 08:00 - 21:00 (Mon - Fri) GBP 10 per full point 0.1 lot 4 40:1 N/A N/A
DAX 30 Cash 07:00 - 21:00 (Mon - Fri) EUR 10 per full point 0.1 lot 4 40:1 N/A N/A
Wall St Cash 23:05 - 24:00 (Sun) & 00:00 - 21:00 (Mon - Fri) USD 10 per full point 0.1 lot 4 40:1 N/A N/A
S&P 500 Cash 23:05 - 24:00 (Sun) & 00:00 - 21:00 (Mon - Fri) USD 100 per full point 0.1 lot 0.4 40:1 N/A N/A
CAC 40 Cash 07:00 - 21:00 (Mon -Fri) EUR 10 per full point 0.1 lot 4 40:1 N/A N/A
Nikkei 225 Cash 01:00 - 21:00 (Mon - Fri) USD 1 per full point 0.1 lot 40 40:1 N/A N/A
Month Year Expiry Date Price
Nov 2011 14/10/11 $97.12
Dec 2011 11/11/11 $97.57
Jan 2012 16/12/11 $97.44
Feb 2012 14/01/12 $97.49
Mar 2012 16/02/12 $97.56
Apr 2012 15/03/12 $97.58
May 2012 14/04/12 $97.57
Jun 2012 16/05/12 $97.57
Jul 2012 15/06/12 $97.57
Aug 2012 14/07/12 $97.57

We roll the Brent, WTI, Gasoil, Nikkei and CAC contracts on the second Wednesday of each month (Nikkei will roll the second Wednesday of every third month). We roll all three contracts at the same time because some traders will trade one contract against another.

Using the example above, when Brent Crude for February 2011 expires, the March price becomes our new contract price and in this case decreases by $0.55. This is obviously not a price fall in oil but just a move to a new reference price and therefore no profit or loss will be incurred as a result.

In order to make sure this does not cost, a cash adjustment needs to be made and will show on the 'Swap' column on your 'Trade' and 'Account History' tabs.

Please find two examples below:

Example 1
Long position of 1000 barrels @ $98.12
Cash adjustment of +$550 is made on account
Equity on open position decreases by $550.
Net financial effect is zero.

Example 2
Short position of 2000 barrels @ $98.12
Cash adjustment of -$1,100 is made on account
Equity on open position increases by $1,100.
Net financial effect is zero.

CFD and Spot FX trading offers many benefits, but it's important to note that it carries a high level of risk to your capital, so you should only trade with money you can afford to lose. It is possible for you to lose more than your initial deposit so please ensure CFD and Spot FX trading meets your investment objectives and seek independent advice if necessary. View full risk warning