How commodity CFDs work
Commodity CFDs typically reference either a spot price or an underlying futures contract. That distinction matters. Spot-style contracts usually carry daily overnight financing charges, while futures-based contracts may instead be affected by rollover adjustments when the underlying contract expires and the price switches to the next month. Contract sizes, tick values and margin requirements differ widely between commodities, and energy markets in particular can move sharply on supply news. Because you never own the commodity, your outcome depends entirely on price difference between entry and exit, plus the costs applied along the way.
- Contracts may track spot prices or futures, and the cost structure differs between the two.
- Futures-based CFDs are subject to rollover adjustments around contract expiry dates.
- Contract size, tick value and margin requirements vary significantly by commodity.
- Leverage magnifies losses as well as gains, and commodity prices can gap on news.


