Pricing is indicative. For a complete overview of all the commodities available and what time zone they are active in, check out the product schedule.
Commodities make up some of the world’s most important and widely traded physical goods. ‘Soft’ commodities are agricultural products, like coffee, cocoa, and soybean. There are also ‘hard’ commodities which are usually mined or extracted. When you trade agricultural commodities with Axi, you are not buying a physical asset such as beans of cocoa or coffee. Instead, you simply trade (buy or sell) on the price movement of the underlying asset through CFDs.
For coffee, the trading hours are Monday to Friday, 04:15 - 13:29 (New York Time).
For cocoa, the trading hours are Monday to Friday, 04:15 - 13:29 (New York Time).
For soybean, the trading hours are Sunday to Friday, 19:00 - 13:19 (Chicago Time).
Just like other markets, supply-and-demand can heavily influence the direction of prices. When the demand prevails the ability to supply, prices rise. In contrast, when there's increased supply, the prices decrease. Factors that can affect supply-and-demand include, among others, weather volatility, geopolitical events, distribution costs, and even the strength of the US dollar.
Once you have opened an Axi trading account and are ready to trade agricultural commodities online, you can deposit funds via credit card or bank transfer.
Axi charges no fees for funding and withdrawals to your trading account, however your bank might charge a fee. We implement high industry standards of encryption to ensure your account is fully protected. Discover all our payment methods.
When you have a standard trading account with Axi, you will not be charged fees or commissions and you can use your account as much or as little as you like.
If you set up a Pro account for online trading, you will be charged a small commission of USD$3.50 per lot ($7 round trip) in conjunction with having lower spreads.