COPPER point value, lot size and commission
Copper on MetaTrader 5: what one point is worth, how many lots to trade for the risk you choose, the commission on each plan and the rules that apply.
- $2.50one point on 1.00 lot
- 25,000pounds in one lot
- $6commission, Edge · $5 Prime
- Symbol
- COPPER on MetaTrader 5
- Market
- Metals CFD
- Contract size
- 25,000 pounds per lot
- Price step (point)
- 0.0001
- Point
- 0.0001, worth $2.50 on 1.00 lot
- Commission
- $6 Edge and Instant, $5 Prime, per lot round turn
- Margin, 1.00 lot
- $1,075 at 1:100, $4,300 at 1:25, at the example price 4.3000
Contract sizes on these CFDs vary between MetaTrader 5 servers. Check the symbol in your terminal (right-click it in Market Watch, then Specification) and enter that size in the trading calculator.
What COPPER is
Copper
COPPER: Copper priced in US dollars per pound, the industrial metal most tied to building, power grids and electric vehicles, and so to the outlook for China and global growth.
When it trades
COPPER trades almost around the clock on weekdays, following its futures market, with a short daily break. The exact hours are under Specification, Sessions in MetaTrader 5.
COPPER point value, step by step
The price step
COPPER is quoted in US dollars to 4 decimals; the smallest step is 0.0001, worth $2.50 on 1.00 lot.
Multiply by the contract
One lot is 25,000 pounds, so a $0.0001 move is $2.50 per lot and a $1.00 move is $25,000 per lot.
Scale by the lots
0.10 lot is a tenth: $0.25 per $0.0001; 0.01 lot $0.03. Leverage changes the margin held, not what a move is worth.
COPPER: one point and common moves, by lot size
Risking 1% of $100,000 with a $0.04 stop
One lot loses $1,000 if a stop $0.04 away is hit ($0.04 × 25,000 pounds). Risking 1% of a $100,000 account, $1,000, buys $1,000 ÷ $1,000 = 1.00 lots, rounded down to the 0.01 lot step.
The $1,000 is a quarter of the $4,000 Max Daily Loss on a $100K Edge 1 Step, so four such losses in one day would reach it. Example price 4.3000: a round figure for the arithmetic, not a quote.
Commission, leverage and margin on every CFD plan
Commission is round turn: half when the trade opens, half when it closes, the same in the evaluation and once funded. Margin is the position value divided by the plan's leverage ceiling, for 1.00 lot at the example price of 4.3000 ($107,500 of COPPER); the margin MetaTrader 5 shows when you place the order is the one that applies.
| Plan | Commission | Per side | Leverage | Margin, 1.00 lot |
|---|---|---|---|---|
| Edge 1 Step | $6 per lot | $3.00 | 1:100 | $1,075 |
| Edge 2 Step | $6 per lot | $3.00 | 1:100 | $1,075 |
| Instant Pro | $6 per lot | $3.00 | 1:33 | $3,258 |
| Instant Go | $6 per lot | $3.00 | 1:25 | $4,300 |
| Prime 1 Step | $5 per lot | $2.50 | 1:50 | $2,150 |
| Prime 2 Step | $5 per lot | $2.50 | 1:100 | $1,075 |
For education. Figures are arithmetic on the contract specification and an example price; the specification, price, spread and commission on your platform decide real results. Nothing here is financial advice, and trading leveraged products can lose money.
Rules that apply when you trade COPPER
Max. Exposure
Every open position counts at its full value against a cap set by account size: $1,250,000 on $100K. At the example price one lot of COPPER is $107,500, so about 11.62 lots fill the whole cap with nothing else open. Going over is a warning, and resets any profit to the starting balance; a second closes the account.
The ruleNews trading
Allowed on every CFD plan. Not allowed: straddling, opening both directions (or offsetting positions on correlated instruments) within 15 minutes either side of a Red or Amber release to catch the spike. It is reviewed by the risk desk, never penalised automatically.
FOMC rate decisionNon-Farm Payrolls (NFP)US CPIPCE inflationUS GDPUS retail salesEconomic calendarWeekend holding
With the Weekend Holding add-on, keep COPPER open over the weekend. Without it, positions still open at 4:45 PM New York time on Friday are closed by the system: the first time is a warning, the second closes the account.
The ruleThe thin-liquidity window
At most 20% of your profit may come from trades opened and closed between 21:00:00 and 22:59:59 UTC, every night, on every instrument. While it is over, payouts on that account are paused; once profit from outside the window brings the share back inside the limit, they open again by themselves. Overnight holding is allowed; swaps count like any other cost.
The ruleCOPPER: questions
What is the point value of COPPER?
$2.50 per point on 1.00 lot, $0.25 on 0.10 lot and $0.03 on 0.01 lot. A $0.0001 move on one lot of 25,000 pounds.
What lot size should I trade on COPPER with a $100K account?
Risking 1% ($1,000) with a stop of $0.04: $1,000 ÷ $1,000 per lot = 1.00 lots. Halve the risk and the lots halve with it. The stop decides the size, not the account.
What is the commission on COPPER at WhitePips?
$6 per lot, round turn, on Edge and Instant, and $5 on Prime: $3.00 when the trade opens and $3.00 when it closes on Edge. The same in the evaluation and once funded.
What leverage can I use on COPPER?
The plan's leverage ceiling: 1:100 on Edge 1 Step, 1:100 on Edge 2 Step, 1:33 on Instant Pro, 1:25 on Instant Go, 1:50 on Prime 1 Step, 1:100 on Prime 2 Step. One lot at 4.3000 is $107,500, so it holds $1,075 of margin at 1:100 and $4,300 at 1:25. In practice Max. Exposure sizes positions first: about 11.62 lots of COPPER on a $100K account.
Can I trade COPPER around news at WhitePips?
Yes, on every CFD plan. What is not allowed is straddling: positions in both directions, or offsetting positions on correlated instruments, within 15 minutes either side of a Red or Amber release to catch the spike. The risk desk reviews it; it is never penalised automatically.
More metals symbols
Put the numbers to work
Every plan, size and price, with the rules printed before you buy. No time limit on any evaluation.