Commodities
LeverageX offers trading on the price of 2 forex pairs with leverage ranging from 2x to 250x. Please refer to the Asset List page to see a full list of the pairs currently available.
Market Times
Commodities markets do not operate continuously and are open according to specific hours, typically referenced in Eastern Time (ET).
Additionally, there are the following holidays where market are closed:
January 1st - 2nd
December 25th - 27th
Gaps
The price of commodities can change while the market is closed, leading to gaps when the market reopens at a different price than its previous close. This can significantly affect your trades:
Risk of Liquidation: A gap in the opposite direction of your position can lead to liquidation.
Potential Gains: Gaps can also work to your advantage, potentially leading to higher-than-expected profits.
Due to this, LeverageX cannot guarantee stop losses for commodities, and caution is advised when keeping positions open during market closures.
Reduced Leverage/Increased Spread
During specific conditions, LeverageX adjusts leverage and spread settings temporarily:
Major USD News Events: From 1 hour before to 10 minutes after the event.
Market Closures: Starting 30 minutes before the market closes.
How LeverageX Calculates Prices
LeverageX utilizes data from Pyth.network to determine the price of all commodities pairs. Pyth.network is a decentralized oracle network that aggregates high-fidelity market data from over 70 leading financial institutions, including exchanges, market makers, and proprietary trading firms. By leveraging Pyth.network, LeverageX ensures accurate, real-time pricing, providing traders with a reliable and transparent trading experience.
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