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Metals & Commodities

Dive into the world of Metals & Commodities trading, where you can explore a diverse range of products, from precious metals like gold and silver to vital commodities like Brent and New York Crude Oil, all at your fingertips.

Unlock the World of Metals Trading

In the realm of trading, precious metals like Gold and Silver hold a timeless allure as the oldest and most trusted forms of currency. When trading Gold and Silver with MYFX Markets, there's no need for physical ownership of these precious commodities. Instead, their value is denoted by weight.

The price of Gold is denominated per ounce, such that when you see the Gold (XAUUSD) price at $1,900, it signifies that one ounce of Gold is trading at $1,900. Similarly, the price of Silver is measured in terms of its per-ounce value in USD. When you spot the Silver (XAGUSD) price at $24, it indicates that one ounce of Silver is available for trade at $24.

Metal Trading Hours

Product
Gold
Silver
Code
XAUUSD
XAGUSD
Trading Time Mon - Thurs
01:00 – 23:59
01:00 – 23:59
Trading Time Friday
01:00 – 23:58
01:00 – 24:00
Break
00:00 – 01:00
00:00 – 01:00

Unlocking the World of Oil Trading

Oil's paramount role in the global fuel industry positions it as one of the world's most crucial and actively traded commodities.

The price of oil is subject to the influence of a wide array of significant, and at times, seemingly unrelated factors, rendering it a highly volatile commodity. Economic supply and demand dynamics, political instability in oil-producing regions, and even advancements in alternative fuel technologies all exert their impact on oil prices.

When you engage in oil trading with MYFX Markets, you're not purchasing physical barrels of oil. Instead, you enter into a contract tied to the actual commodity's price. This financial instrument is commonly known as a Contract For Difference, or CFD.

Oil Trading Hours

Product
Crude Oil
Brent Oil
Code
WTI
BRENT
Trading Time Mon - Thurs
01:00 – 24:00
01:00 – 24:00
Trading Time Friday
01:00 – 24:00
01:00 – 24:00
Break
-
-

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Risk Warning: Trading Contracts for Difference (CFDs) on margin carries significant risks and may not be suitable for all investors. CFDs are complex instruments and involve leverage, which can work both to your advantage and disadvantage. Before trading, you should carefully consider your investment objectives, level of experience, and risk appetite. You could sustain a loss of some or all of your initial investment, so you should not invest money that you cannot afford to lose.
Be aware of all the risks associated with CFD trading and seek advice from an independent financial advisor if you have any doubts. A demo account allows you to practice trading strategies in a simulated environment without financial risk. Please note, however, that results achieved on a demo account are hypothetical and do not reflect actual market conditions or execution.

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Legal Information: Icon Tech LLC, which operates under the tradename ‘’IconFX’’, is a limited company registered under the laws of St. Vincent and the Grenadines, with registration number 3251 and its registered address at James Street, First St. Vincent Bank Building, 1st Floor, Kingston, Saint Vincent and the Grenadines, VC01000.
MYFX GROUP LIMITED, which also operates under the tradename “IconFX,” is a company incorporated in Seychelles under incorporation number 8435863-1, with its registered office at IMAD Complex, Office 12, 3rd Floor, Ile Du Port, Mahé, Seychelles. The company is authorized and regulated by the Financial Services Authority of Seychelles under License Number SD202.
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