Copper Spread Betting Guide





Also see Live Copper chart below.



Where Can I Spread Bet on Copper?

Investors can put trades on copper and a wide range of other markets with all of these spread betting companies:

Financial Spreads ETX Capital Spreadex IG City Index
Gold Daily Financial Spreads Gold Daily ETX Capital Gold Daily Spreadex Gold Daily IG Gold Daily City Index Gold Daily
Gold Futures Financial Spreads Gold Future ETX Capital Gold Future Spreadex Gold Future IG Gold Future City Index Gold Future
UK Crude Oil Daily (Brent) Financial Spreads UK Oil Daily (Brent) ETX Capital UK Oil Daily (Brent) Spreadex UK Oil Daily (Brent) IG UK Oil Daily (Brent) City Index UK Oil Daily (Brent)
UK Crude Oil Future (Brent) Financial Spreads UK Oil Future (Brent) ETX Capital UK Oil Future (Brent) Spreadex UK Oil Future (Brent) IG UK Oil Future (Brent) City Index UK Oil Future (Brent)
US Crude Oil Daily (WTI) Financial Spreads US Oil Daily (WTI) ETX Capital US Oil Daily (WTI) Spreadex US Oil Daily (WTI) IG US Oil Daily (WTI) City Index US Oil Daily (WTI)
US Crude Oil Future (WTI) Financial Spreads US Oil Future (WTI) ETX Capital US Oil Future (WTI) Spreadex US Oil Future (WTI) IG US Oil Future (WTI) City Index US Oil Future (WTI)
Other Commodities Financial Spreads Other Commodities ETX Capital Other Commodities Spreadex Other Commodities IG Other Commodities City Index Other Commodities
The above spread betting markets may also be available with other companies. Also see spread bets comparison notess.


Copper Futures vs Spot (Daily) Market

The charts, prices and trading example on this page are based on the near-term futures market which most firms offer.

If you prefer the copper spot (cash) market then it’s worth knowing that CMC Markets offer a copper spot spread betting market.


Live Copper Chart




Live Copper Chart




Where Can I Get Live Spread Betting Prices and Charts for Copper?

The simple chart above gives you a useful guide to how the market is trending.

Still, for those investors that are trading copper, the providers listed above give users access to real-time price updates as well as more comprehensive charts.

Typical financial spread betting chart:

Copper Spread Betting Guide - Example Chart



Copper Spread Betting Example

Copper Spread Betting Guide
If you wanted to spread bet on a commodity such as copper then, on visiting a company like IG.com, you may see a quote of $3.2688 – $3.2728.

Therefore, you can bet on copper to go above $3.2728 or go below $3.2688.

With spread trading, you speculate on every unit the market goes up or down. In the case of the copper market a unit is $0.0001 of the metal’s price movement.

So let’s say you want to stake £2 for every $0.0001 copper moves up or down.


Speculating on the Market to Go Up

If you bought copper at $3.2728 and the metal increased then the quote could become $3.2810 – $3.2850. If this were the case, you might choose to close your position for a profit by selling at $3.2810.

Profit/Loss = (settlement price of the market – opening price of the market) x stake per $0.0001
Profit/Loss = ($3.2810 – $3.2728) x £2 per $0.0001 stake
Profit/Loss = $0.0082 x £2 per $0.0001
Profit/Loss = £164 profit

Conversely, if the metal had fallen to, as an example, $3.2638 – $3.2678, you might want to close your position to limit your losses. Therefore, you would sell back at $3.2638.

You would do this with the same £2 per $0.0001 stake:

Profit/Loss = (settlement price of the market – opening price of the market) x stake per $0.0001
Profit/Loss = ($3.2638 – $3.2728) x £2 per $0.0001 stake
Profit/Loss = -$0.0090 x £2 per $0.0001
Profit/Loss = -£180 loss


Speculating on the Market to Go Down

One advantage of financial spread betting is that investors can short the markets, i.e. bet that the markets will drop.

To start with, the market was $3.2688 – $3.2728.

If you shorted copper at $3.2688 and the metal went down then you might see the price move to $3.2561 – $3.2601. In that case, you might choose to close your bet for a profit at $3.2601.

Profit/Loss = (opening price of the market – settlement price of the market) x stake per $0.0001
Profit/Loss = ($3.2688 – $3.2601) x £2 per $0.0001 stake
Profit/Loss = $0.0087 x £2 per $0.0001
Profit/Loss = £174 profit

Markets can also rise, if the metal were to rise up to $3.2744 – $3.2784, you may decide to close your bet to prevent further losses. Assuming this was the case, you’d buy at $3.2784.

With the same £2 per $0.0001 stake:

Profit/Loss = (opening price of the market – settlement price of the market) x stake per $0.0001
Profit/Loss = ($3.2688 – $3.2784) x £2 per $0.0001 stake
Profit/Loss = -$0.0096 x £2 per $0.0001
Profit/Loss = -£192 loss


High Grade Copper (September) prices correct as of 25-Jul-14.

Please note that this is a ‘Futures’ trade and so there is a specific expiry date when it will automatically close. For this High Grade Copper (September) futures market the settlement date is 26-Aug-14.



Copper Practice Accounts

So what if you want to try things out? Well, the following platforms offer free practice accounts. You can use these to have a go at spread betting on copper in a risk-free environment.




User Questions and Answers on Copper

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