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- Spread Type Floating
- Long position overnight fee -0.0220%
- Short position overnight fee -0.0152%
- Overnight fee time 21:00 (UTC)
- Min traded quantity 0.01
The N.Y. Cocoa contract serves as a price benchmark for the world’s cocoa prices. 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 demand for chocolate creates a direct demand for cocoa. Cocoa futures are traded New York Board of Trade (NYBOT), a subsidiary of the Intercontinental Exchange (ICE).
How we make money?
Capital.com makes the majority of it’s money through the spread, the difference between the buy and sell price.
Trade commodities with leverage
Commodities are available to trade with up to 10:1 leverage. Start trading with as little as $100 to control a position of $1000
Commodities CFDs
Trade 24/5 on a wide range of commodities
Buy and sell commodities to take advantage of rises and falls in price
Profit and loss control
You can easily define Stops and Limits to request positions to close at a specified price.
Set up price alerts to be informed of big moves.
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