COMEX Copper is widely considered as one of the key cyclical commodities, given its extensive usage in construction, infrastructure and an array of equipment manufacturing. The biggest end-use is for the production of cables, wiring and electrical goods because of its excellent electricity-conducting properties. The construction sector is the second largest user of copper, for plumbing, HVAC and building wiring applications. Although found in abundance and widely extracted as well as recycled, the copper value chain is quite capital intensive. This makes the market susceptible to supply-side constraints, and therefore, volatile price fluctuations.
Can be viewed in the dealing rates and create order windows on the trading station, or by using the CFD Product Guide.
Trading Hours & Expiration
Please also note that Copper is a CFD product that expires. Friedberg Direct expiration dates for Copper are located in the Friedberg Direct CFD Expiration PDF.
Copper has a target spread of 2 pips/points.
Max Contract Size
The maximum number of contracts per click (trade) for Copper is 500.
Minimum Pip Cost (Value)
Copper has a minimum value of $0.10 per point (Your per point value may be different if your account is denominated in a different currency. Please refer to the Simple Dealing Rates Window in Trading Station for this value).
The pip/point location is shown below. Each 0.001 price movement on Copper is 1 pip/point. Friedberg Direct’s pricing displays an additional decimal place - ideal for scalpers in a fast-moving market.
Number of Friedberg Direct Contracts to Equal 1 Future
250 Friedberg Direct Copper Contracts are currently equivalent to one CMX Copper Future.
Copper has no financing cost (Rollover).
Copper currently has a minimum stop distance of 2 pips (.002).