Trusted commodity trading platform in South Africa
Access global commodity markets with the best spreads¹ and powerful tools tailored for South African traders.
Trade commodities in South Africa with Exness
Expand your portfolio
Start trading commodities like gold, oil, and more with fast execution and stable conditions.
Trade with confidence
Stable spreads help you manage risk—even during high volatility.
Get better-than-market conditions
Take advantage of customizable leverage, tight spreads, and seamless execution.
Commodity market spreads and swaps in South Africa
Symbol | Avg. spread¹ pips | Commission per lot/side | Margin 1:2000 | Long swap pips | Short swap pips | Stop level* pips |
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Commodity market conditions
The global commodity market gives South African traders access to gold, oil, and other energies and precious metals. Trade rising and falling prices without owning the asset—speculate on movements and manage risk with precision.
Spreads¹
Trade gold and oil with some of the tightest spreads available. Spreads fluctuate based on market liquidity; check your trading platform for live rates.
During lower liquidity periods, spreads may widen temporarily until market conditions stabilize.
Swaps
Swaps apply to commodity trading positions held overnight. Use our Trading calculator to estimate swap costs.
Triple swaps apply on Thursdays for metals such as gold, silver, and platinum due to market closures over the weekend.
For traders in South Africa, swap-free accounts are available where applicable.
Dynamic margin requirements
Leverage impacts margin requirements. Adjusting leverage will change the margin needed for XAU (gold) and XAG (silver) pairs. Since market conditions fluctuate, margin requirements also change. See the FAQ section below for more details.
Fixed margin requirements
The following commodities have fixed margin settings, regardless of the maximum leverage set on your account:
- Leverage is set at 1:1000 for XAL (aluminum), XCU (copper), XNI (nickel), XPB (lead), XPT (platinum), XPD (palladium), and XZN (zinc)
- Leverage is set at 1:20 for XNGUSD
- Leverage is set at 1:200 For USOIL and UKOIL, except during periods of increased margin requirements
To account for higher market volatility over weekends, USOIL and UKOIL leverage is temporarily reduced.
- USOIL: Leverage is capped at 1:20 from Friday 16:45 (GMT+0) to Sunday 22:59 (GMT+0)
- UKOIL: Leverage is capped at 1:20 from Friday 08:00 (GMT+0) to Monday 00:30 (GMT+0)
Fixed margin requirements
Margin requirements for the following commodities always remain fixed, regardless of the maximum leverage set on your account:
For XAL (aluminum), XCU (copper), XNI (nickel), XPB (lead), XPT (platinum), XPD (palladium) and XZN (zinc) leverage is set at 1:100
For XNGUSD (natural gas), leverage is set at 1:20
During the following higher margin requirements periods, the margin requirements for both USOIL and UKOIL are set at 5% (1:20 leverage):
USOIL: from 15:45 (GMT+0) on Friday to 21:59 (GMT+0) on Sunday
UKOIL: from 07:00 (GMT+0) on Friday to 23:30 (GMT+0) on Sunday
Stop level
Stop levels in the table above may change and not be available for traders using specific strategies or Expert Advisors.
Commodity trading hours in South Africa
- XAU and XAG: Sunday 22:05 – Friday 20:58 (daily break 20:58-22:01)
- XPDUSD and XPTUSD: Sunday 22:10 – Friday 20:58 (daily break 20:58-22:05)
- XALUSD, XCUUSD, XPBUSD, and XZNUSD: daily 00:00 – 17:55 (daily break 17:55-00:00)
- XNIUSD: daily 07:00 – 17:55 (daily break 17:55-07:00)
- USOIL and XNGUSD: Sunday 22:10 – Friday 20:44 (daily break 20:45-22:10)
- UKOIL: Monday 00:10 – Friday 20:54 (daily break 20:55-00:10)
All times follow server time (GMT+0).
Check our Help Center for our full trading schedule.
Why trade commodities online with Exness?
Trade commodities with a platform designed for South African traders, offering tight spreads and fast execution.
Low and stable spreads
Enjoy the tightest spreads¹ even during high-impact market events, keeping trading costs minimal.
Fast execution
Never miss an opportunity—get your orders executed in milliseconds on MT4, MT5, and Exness Terminals.
Unmatched financial security
Trade with Negative Balance Protection and benefit from PCI DSS-compliant financial security and segregated client accounts.
Frequently asked questions
What are commodities?
Commodities are raw materials like gold, oil, and gas. They are traded globally and priced according to supply, demand, and other economic factors. South African traders can take advantage of these price fluctuations through online CFD trading.
What instruments can be traded in the commodity market?
South African traders can access a variety of commodity CFDs with Exness, including:
1. Precious metals: XAUUSD (gold), XAGUSD (silver), and XPTUSD (platinum).
2. Energies: USOIL (West Texas crude), UKOIL (Brent crude), and XNGUSD (natural gas).
Many traders hedge against inflation with gold, while others capitalize on energy market volatility.
What are the most popular commodities to trade?
Gold, silver, and platinum are the most widely traded precious metals, while oil and gas lead in energy markets. Commodities attract traders due to their liquidity and dynamic relation to the US dollar's movements.
What are the main risks of commodity market trading?
Trading commodities carries inherent risks, primarily market volatility, leverage exposure, and currency fluctuations. Market volatility refers to rapid price movements that can impact profitability, making timing and risk management essential for traders.
Fundamental factors such as political stability, global supply and demand, and economic performance also influence commodity prices. South African traders need to stay informed about economic policies, market news, and industry reports to make well-informed decisions.
Additionally, leveraged trading magnifies both potential gains and losses. Without a solid risk management plan, traders could face substantial losses. Utilizing stop-loss orders, position sizing, and diversification can help mitigate risks while navigating the commodity market effectively.
Why are there higher margin requirements around news?
Important economic news and events tend to create sharp moves and price gaps. To protect traders during periods of high volatility, we reduce leverage on gold pairs to 1:200 and silver pairs to 1:100.
How does Exness handle price gaps?
At Exness, we ensure no slippage for nearly all pending orders executed at least three hours after an instrument's trading session opens.
However, your order will be executed at the first available market price if:
- Market conditions are abnormal, such as during periods of low liquidity or high volatility.
- A price gap exceeds the slippage-free range for that instrument. This means the difference in pips between the first market quote and your requested price is equal to or greater than the predefined threshold.
This slippage rule applies only to specific trading instruments.
What are the typical spreads for gold at Exness?
Exness is a leading commodity trading platform offering consistently tight and stable spreads, fast execution, and transparent pricing.
Our research has shown that Exness offers some of the tightest spreads in the industry, even during high-impact market events.
Why should I choose Exness for trading gold and oil?
Exness is a trusted commodity trading platform in South Africa, offering low, stable spreads, fast execution, and full pricing transparency—especially for gold and oil.
In a 2024 study, we compared our gold (XAUUSD) spreads during the first two seconds after high-impact news with five other major brokers. Exness consistently delivered some of the most stable and competitive spreads, even in volatile market conditions.
With gold spreads starting from 0.3 pips and oil spreads reduced by up to 68%, Exness helps traders keep more of what they make. Reliable execution and minimal slippage mean more control in fast-moving markets.
How does Exness maintain the best spreads on gold and oil?
Exness gives South African traders access to some of the tightest spreads on gold and oil by combining advanced pricing models, low-latency infrastructure, and strong liquidity partnerships.
These factors help keep trading costs low, even during periods of high volatility.
With ongoing improvements to our pricing and execution speed, Exness continues to be a top choice for gold and oil trading in South Africa.
Start trading commodities today
It only takes 3 minutes to get your account set up and ready for trading.
- Spreads may fluctuate and widen due to factors including market volatility, news releases, economic events, when markets open or close, and the type of instruments being traded.