For a complete overview of all the commodities available and what time zone they are active in, check out the product schedule.
Commodity trading is the buying and selling of raw materials, such as precious metals and oil, that are important to the global economy. The most common commodities include metals like gold, silver and copper, with oil being the most traded energy instrument.
When you trade commodities with Axi, you are not buying a physical asset such as a bar of gold or barrel of oil. Instead, you simply trade the price movements of the underlying asset through CFDs. This means you have the ability to profit whether the price is going up or down.
Find out more about how commodity trading works.
Built to utilise artificial tntelligence and machine learning, PsyQuation is a highly advanced trading analytics platform designed to reduce your trading mistakes and provide powerful performance analytics.
The precious metals market - including Gold, Silver and Copper - opens at 1:00am Monday (Server time) and closes at midnight (24:00) on Friday (Server time).
There is a break in the market between 24:00 and 1:00am (Server time) each morning.
The oil trading market is split up into two trading sessions: Brent crude oil and West Texas oil.
The trading hours for Brent crude oil are Mon - Fri 01:00 - 22:59 GMT.
The trading hours for West Texas oil are Sun - Fri 18:00 - 16:59 EDT.
The trade size of the above precious metals is 0.10 lots. 1 standard lot in precious metals is equal to 100 ounces. Therefore, when you trade 0.10 lot, you are trading 10 ounces of Gold.
Understanding the minimum trading size can help you position yourself in the market and manage your investment strategy, depending on the capital available for investment.
Axi standard accounts have no fees and no commissions. Pro accounts charge a small commission of USD 3.50 per lot ($7 round trip) in conjunction with having lower spreads. For more details and the latest pricing, please refer to our product schedule.
Axi runs a 24 hour Client Services and trading desk 5 days a week, starting from 08.00 am AEST (00.00 server time) Monday morning and ending at 08.00 am AEST on Saturday morning.
You can call Client Services on our toll-free number 1300 888 936 (Australia). International callers, please phone +612 9965 5830. Alternatively, you can use our live chat facility during the same period.