Commodity CFD trading
Dive into trading commodity CFDs with OANDA. Access competitive spreads across a diverse range of assets:
How to trade commodities with OANDA
With OANDA, you can access commodity trading as financial derivatives (CFDs). This allows you to take a position on price movements without owning the underlying asset. You can trade commodity CFDs in two directions: 'buy' (go long) if you expect prices to rise, or 'sell' (go short) if you expect them to fall. When you’re commodity trading, it’s important to know which commodity you want to target and vital to research the external factors – such as geopolitical events or supply chain shifts – that influence commodity volatility.
Award-winning* trading platform
Take a position on our full range of commodities CFDs instruments using our intuitive OANDA platform and apps for mobile and tablet devices.
Pricing and liquidity providers
Our pricing engine aggregates live prices, in real time, from our liquidity providers and calculates a mid-point. A custom-built pricing algorithm automatically calculates the spread symmetrically around the mid-point (the average between the buy and sell price), for each tradable instrument on our trading platform. This mid-point fluctuates throughout the day as market prices change.
*Please see our latest awards here.
What is commodities trading?
A commodity is any physical good that can be bought or sold on the commodities market. Commodities work in a similar way to other financial markets. The exchange value of commodities is often affected by changes in supply and demand of the goods being traded. Commodity trading can happen in the physical market or as a derivative.
Powerful tools
We offer a range of powerful charting and analysis tools, including Advanced Charts (powered by TradingView), technical analysis and economic overlay.
Spread bet
Take a position with a spread betting sub-account. Spread betting is a tax-free** alternative to conventional trading and is free from stamp duty and capital gains tax in the UK.
**All profits made in spread betting are exempt from UK Capital Gains Tax and UK stamp duty. UK and Irish tax laws are subject to change and individual circumstances may vary.
Apply for an account today
Go from application to trading in three easy steps:
Fill in our app form
Wait for account activation^
Login, fund and trade
^Subject to meeting our criteria. Additional information/documentation may be requested prior to account activation to establish eligibility.
Trusted by traders all over the world
With over 14 years experience, we offer multiple platforms and powerful tools to help you trade smarter.
CFD trading
We offer CFD prices on a range of financial instruments, including indices, forex pairs, commodities, metals and bonds.
Powerful partner tools and APIs
Identify potential trading opportunities using a range of powerful analysis tools available on our trading platform.
Multiple platforms, one world-class broker
We offer a range of platforms including OANDA web, mobile and tablet, as well as MT5, MT4 and TradingView.
Frequently asked questions
A commodity is a raw material or primary agricultural product that can be bought and sold, such as wheat, copper or coffee.
A commodity market is where the exchange of raw materials or primary products happens. These commodities are typically natural resources or agricultural products like copper, wheat, oil and sugar.
There is no single best way for online commodity trading– it will depend on your experience as a trader and what strategy you choose, such as trend following or fundamental analysis. Before you trade commodities online, you can find a strategy that works for you. Find out more about trading strategies.
Find our commodities trading prices here.