Onyxnumber offers a flexible and easy way to gain exposure to some of the world’s most popular commodities including energies and metals all from within your MetaTrader 4, 5 and cTrader trading platform.
Commodity markets are attractive to speculators as they are susceptible to dramatic changes in supply and demand.
Energies
Onyxnumber allows trading of spot energy contracts including Crude Oil, Brent, and Natural Gas from your MetaTrader 4 and 5 platforms against the US Dollar.
Trading energy contracts as a spot instrument has many advantages for investors who are only interested in price speculation.
Precious Metals
Onyxnumber allows trading the spot price for metals including Gold or Silver against the US Dollar or Euro and the metals Platinum or Palladium against the US Dollar as a currency pair on 1:500 leverage.
Soft Commodities
In addition to energy and metal contracts, at Onyxnumber we offer a range of soft commodity products to trade, including corn, soybeans, sugar, cocoa, coffee, and wheat as CFDs – all with low spreads and leverage up to 1:100.
How does
Commodities trading work?
Commodities cover energy, agriculture and metals products. These products are traded in futures markets and derive their value from demand and supply characteristics.
Supply characteristics include the weather in the case of agriculture and costs of extraction in the case of mining and energies.
Demand for commodities tends to be characterised by broader conditions such as economic cycles and population growth. Commodities can be traded as stand alone products or in pairs.
Metals and energies are traded against major currencies whereas agriculture futures contracts are traded as stand-alone contracts.