Commodity trading platform in Kenya

Commodities are raw materials that are produced in large quantities and traded globally. Examples include crude oil, natural gas, gold, silver, and platinum. Their prices are typically determined by supply and demand, currency values, and economic conditions, factors that Kenyan traders should closely monitor.

Kenyan traders can access a variety of commodity derivatives, including:

• Precious metals: XAUUSD (gold), XAGUSD (silver), XPTUSD (platinum)
• Energies: USOIL (West Texas crude), UKOIL (Brent crude), XNGUSD (natural gas)

Many traders hedge against inflation with gold, while others capitalize on energy market volatility.

Gold, silver, and platinum remain the most traded precious metals, while crude oil and natural gas lead among energy commodities. These assets attract traders due to their liquidity, volatility, and role in economic stability.

Trading commodities carries inherent risks, primarily market volatility, leverage exposure, and currency fluctuations. Market volatility refers to rapid price movements that can impact profitability, making timing and risk management essential for traders.

Fundamental factors such as political stability, global supply and demand, and economic performance also influence commodity prices. Kenyan traders should stay informed about economic policies, market news, and industry reports to make well-informed decisions.

Additionally, leveraged trading magnifies both potential gains and losses. Without a solid risk management plan, traders could face substantial losses. Utilizing stop-loss orders, position sizing, and diversification can help mitigate risks while navigating the commodity market effectively.

​​When important news is released, it can lead to significant volatility and price gaps. Using high leverage in a highly volatile market is risky because sudden movements can result in larger losses. That’s why we cap leverage at 1:200 during news releases for all new positions in gold pairs and 1:100 for silver pairs.

At Exness, we know how it feels when your pending order falls in a price gap, so it’s only fair that we guarantee no slippage for virtually all pending orders that are executed at least three hours after trading opens for an instrument. However, if your order meets any of the following criteria, it will be executed at the first market quote that follows the gap:

1. If your pending order is executed in market conditions that are not normal, such as during a period of low liquidity or high volatility.
2. If your pending order falls in a gap but the difference in pips between the first market quote (after the gap) and the requested price of the order is equal to or exceeds a certain number of pips (slippage-free range) for a particular instrument.

The slippage rule applies to specific trading instruments.

Exness offers the lowest gold (XAUUSD) spreads in the industry, starting from 0.3 pips. Low and stable pricing allows traders to execute strategies more effectively, even in volatile markets.

We've also reduced our oil spreads by up to 68%, offering some of the tightest spreads on instruments like USOIL.

Exness stands out as a top broker for trading gold and oil due to its consistently tight and stable spreads, fast execution, and transparent pricing.

Between January and May 2024, we conducted a study comparing our gold (XAUUSD) spreads during the first two seconds after high-impact news with five other leading brokers. The results confirmed that Exness offers the tightest and most stable spreads, even during volatile periods, when every pip can impact profitability.

With tight gold spreads and low oil spreads, Exness remains one of the industry's most competitive brokers, especially during market volatility. With reliable execution and minimal slippage, Exness gives traders the tools to capitalize on fast-moving markets with confidence.

Exness utilizes advanced pricing models, low-latency servers, and strategic partnerships with top liquidity providers to consistently deliver the best spreads on gold and oil. This ensures low trading costs, even during volatile market conditions.