How to trade Copper?

Discover how you can trade copper and invest in one of the world's most in-demand commodities

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What is copper trading?

Copper is one of the world's most widely used and traded commodities. This precious metal is important to many industries, from construction to transport to electronics, which ensures high demand and makes it a perfect commodity to trade.

To invest in copper, you can either buy in the physical raw material, or simply trade the real-time price movements of the underlying asset.

How to trade copper?

Trading copper with Axi gives you the benefit of investing in one of the world's most useful and in-demand commodities without having to take ownership of any physical raw material.

When you trade copper, you do it as a Contract for Difference, or CFD, which means you simply trade the real-time price movements of the underlying asset. Because of this flexibility, CFD trading allows you to profit when the price of copper goes up or down.

What are the different ways to trade copper?

Physical copper: This is when you purchase a physical quantity of copper which you physically hold onto as an asset until you're ready to sell.

Copper futures: If you believe the price of copper will go up in the future, you can enter a contract where you agree on a price to pay today for a quantity of copper that will be delivered at a set date in the future. The aim is to then sell the physical copper for more than what you paid.

Copper CFDs: CFD trading lets you trade real-time price movements without having to buy any physical copper. Because CFDs are leveraged products, you only need to invest a small sum to gain full exposure to the underlying trade. Note that the profit or loss is calculated according to the full size of the trade position, so both profits and losses are magnified.

Ready to start trading copper?

Follow our process to start copper trading today:

  • Understand what copper trading is and how it works
  • Open a demo and live account
  • Discover the copper instrument you want to trade
  • Select your trading platform
  • Open a position, monitor and close your first trade

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What copper CFDs can I trade?

View some of the most popular copper CFDs you can trade with Axi below. For a full list of copper trading instruments, view our product schedule.

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Futures CFDs derive their pricing from underlying futures contracts, while copper CFDs derive their pricing from the underlying spot market. For a complete overview of all the copper instruments available to trade and their active time zones, view our product schedule.

How much money do you need to start trading copper?

To ensure greater flexibility and low cost trading, Axi has no minimum funding requirement, no fees and no commission on standard accounts. When you decide to trade copper as a CFD, you can apply leverage and start trading copper with an initial deposit of as little as $50. But the more you deposit, the more trading opportunities you'll have.

If you choose to take advantage of leveraged trading, you can use a small amount of capital to open larger trade positions. Please note that while leverage creates the potential for larger profits, it can also increase risk of losses greater than the margin in your account.

Want to try trading copper without risking your own funds? Open a free demo account and trade with virtual funds for 30 days.

What factors influence the price of copper?

Before you start to trade copper online, learn what drives the market for this precious metal.

Supply disruptions

Oil prices

Metal substitution

US dollar

Economic growth

Copper trading strategies

No trading strategy is guaranteed to succeed, but there are several proven methods used by traders all around the world. Kickstart your copper trading journey by choosing a strategy that best fits your financial goals and trading ability.

Trading Style Timeframe Holding Period
Scalping Super short term Seconds to 1 hour max
Day trading Short term 1 Day
Swing Trading Medium term Days to week
Trend / Position trading Long - super long term Weeks to months

Based on the table above, you should be able to estimate the amount of time you can commit to trading. Note: the shorter the time frame used for analysis, the more time required to look at charts.

What is the ticker symbol for copper?

The ticker symbol for copper is XCU. The letter “X” represents “Index” while ‘CU’ is copper's chemical symbol and stands for ‘Cuprum’, the Latin word for Copper.

Knowing the ticker symbol makes it easier to search for a Copper trading product/index within the MT4 trading platform. At Axi, you can trade copper as a CFD against the US dollar, so the trading product symbol in MT4 is XCUUSD.

What other precious metals can I trade with Axi?

The market for precious metal products includes Gold, Silver, Copper and Platinum. Speculate on the price of these metals online via our spot and futures CFDs.

Gold
Learn how to trade gold online, with reliable execution speeds and competitive spreads.
Silver
Diversify your portfolio by trading commodities, learn how to trade silver online with Axi.

Copper trading platforms and tools

Utilise our world-class trading platforms and powerful tools to enhance your trading experience. With an Axi account, traders of all levels have access to top resources to help further improve their skills.

MetaTrader 4

MetaTrader 4 is the smart choice for online traders looking for a trading edge. Simple for beginners and full of advanced functions for professionals, the MT4 platform helps you unlock unlimited trading possibilities.

Learn about MT4

PsyQuation

Built to utilise Artificial Intelligence and Machine Learning, PsyQuation is a highly advanced trading analytics platform designed to reduce your trading mistakes and provide powerful performance analytics.

Learn about PsyQuation

AutoChartist

Autochartist continuously scans the markets for tailored trade opportunities – based on real-time pricing and custom trade setups – then alerts you to potential trades.

Learn about Autochartist

Discover more markets to trade with Axi

Choose from a variety of global markets to trade with Axi, using ultra competitive spreads & flexible leverage to trade your edge.

Copper trading FAQs

Trading hours for Axi clients in the copper spot CFDs market kick off at 01:01 Monday (server time) and close at 23:58 Friday (server time). This includes gold, silver and platinum products. There is a market break that occurs between 23:59 and 01:01 (server time) each morning.

The exchange for Copper futures CFDs open at 18:01 Sunday and close at 16:59 Friday (New York timezone). There is a trading break from 16:59 - 18:01.

Analysing historical silver prices may give us information as to where prices are heading next and potential key levels to watch out for. Looking at the big picture, copper has been on an uptrend and hit its all time high of 4.86 in April of 2021.

As with all other asset classes, trading copper can be very profitable with the right risk and trade management practices in place. Because many different factors – such as supply and demand issues, or economic outlook – can cause the price of copper to change quickly, the copper market can be volatile. However, it is these price fluctuations that can present traders with opportunities to capitalise on the market movements.

Yes, you can trade copper on MT4. Trading copper with Axi on MT4 is done by trading copper CFDs. This means that instead of owning the physical metal, you will just be speculating on its price movement.

The symbol for copper futures CFDs in MT4 is COPPER.fs.

Trade precious metals online with Axi

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