How standard and micro contracts differ, which fees apply, and what happens during a contract rollover.
Leverage | 100× |
Default loss limit | 60% of your balance |
Minimum trade size | 1 lot |
Trading fee | Depends on the instrument and is charged per lot |
What you can trade
Goods+ offers perpetual futures on:
Metals: gold, silver, copper, and platinum.
Energy: WTI and Brent crude oil, and natural gas.
Indices: S&P 500 and NASDAQ-100.
Currencies: the euro.
A perpetual future is a leveraged instrument for trading an asset with no expiration date. You can hold a position for as long as you have enough margin.
Leverage
Leverage lets you open positions whose combined value exceeds your balance. On Goods+, leverage is 100×. You cannot adjust the leverage setting. To trade without leverage, keep the combined value of your positions within your balance. How leverage works.
Trading hours
The market runs from 17:00 on Sunday to 16:00 on Friday, with a daily break from 16:00 to 17:00. All times are in Chicago time.
Opening and closing times in your local time zone may change when the US switches to or from daylight saving time.
Trading fees
The trading fee depends on the instrument and ranges from $1.50 to $5 per lot. You can check the current fee on the instrument's page in the Payments tab.
Trade size: standard and micro contracts
Instruments are available in two formats:
Standard contract — a larger lot size, offering lower trading fees for larger volumes.
Micro contract — a smaller lot size, suited to trading with less capital.
The minimum trade size is 1 lot. The amount of the underlying asset in a lot varies by instrument. You can check the lot size on the instrument's page in the Payments tab.
For example, you want to open a position in 100 ounces of gold:
GLD: one lot is 100 ounces, with a $5 fee per lot. You pay $5 for the entire position.
GLDM: one lot is 1 ounce, with a $1.50 fee per lot. For 100 lots, you pay 100 × $1.50 = $150.
Loss limit
The loss limit is your maximum total daily loss. If your loss exceeds this limit, your positions are closed automatically at the market price and trading is blocked. Positions are also closed automatically if your balance reaches zero or becomes negative.
The default loss limit on Goods+ is 60% of your balance. You can lower it. How the loss limit works.
Contract rollover
Perpetual futures are based on contracts with expiration dates. When one expires, it is replaced by the next. If the new contract is more expensive, unrealized profit or loss (P&L) increases for long positions and decreases for short positions. If it is cheaper, the reverse happens. Your balance changes at the same time to offset the change in P&L.
The changes in P&L and balance offset each other. However, a rollover can trigger automatic position closure if your total loss exceeds your loss limit or your balance reaches zero or becomes negative.
On rollover days, keep an eye on the rate in the Payments tab on the instrument's page to help avoid your positions being closed.
The contract rollover payment appears in your balance report. Consider the changes in balance and P&L together when reviewing your results.
Other trading conditions
Overnight fee
The overnight fee is charged at market close for carrying open positions into the next day. It is 0.0194% of the full value of each open position per day — approximately 7% per year. You can check the current rate on the instrument's page in the Payments tab.
For example, carrying a position worth $10,000 into the next day costs $10,000 × 0.0194% = $1.94.
Order duration
Orders remain active until they are filled or canceled.