Question: What is the pip value/price of commodity CFDs on XM MT4/MT5?
Each commodity has different lot(pip) values and units.
XM offers 8 commodities and the lot value for each instrument is as below.
Commodity | 1 lot value | Required Margin per lot |
---|---|---|
US Cocoa(COCOA) | 1 Metric Ton | USD 70 |
US Coffee(COFFE) | 10000 LBS | USD 300 |
US Corn(CORN) | 400 Bushels | USD 35 |
US Cotton(COTTO) | 10000 LBS | USD 125 |
High Grade Copper(HGCOP) | 2000 LBS | USD 100 |
US Soybeans(SBEAN) | 400 Bushels | USD 80 |
US Sugar(SUGAR) | 10000 LBS | USD 100 |
US Wheat(WHEAT) | 400 Bushels | USD 50 |
XM requires fixed margin for opening positions of commodities.
If you are not sure about the lot value, you may want to find out by opening a XM demo account.
XM also offers an online calculator in the Official Website.