Trade Cocoa UK CFD

Trading Conditions

• Type: CFD
• Spread: 3.1
• Long position overnight funding adjustment: -0.01096%
• Short position overnight funding adjustment: -0.01096%
• Overnight funding adjustment time: 21:00 (UTC)
• Currency: GBP
• Min traded quantity: 0.01
• Margin: 1.00%
• Commission on trade: 0%
• Guaranteed stop premium: 0.05%

Trade Cocoa UK CFD

Price constructed using front two months of Cocoa UK futures.

Each day at 15:54:55 UTC, the undated commodity price is adjusted to reflect the difference between the settlement price of front- and back-month futures. At the same time, a matching cash adjustment is applied — ensuring the overall position remains neutral as the roll progresses. This cash adjustment is fully offset by the running profit or loss on the position.

The London No. 7 Cocoa futures contract serves as a price benchmark for the cocoa production market. 16 out of 20 top chocolate consuming countries are from Europe, with Americans enjoying 3 billion pounds of chocolate every year. The top 5 chocolate manufacturers include the Ivory Coast, Indonesia, Cameroon, Nigeria and Ghana. Together they account for 70% of the world’s cocoa production. Chocolate consumption is seasonal and the chocolate’s demand creates the direct demand for cocoa. Cocoa futures are traded on the ICE Exchange under ticker symbol CC in dollars per tonne.