I am very interested in trading oil and other commodities next year on higher timeframe chart.
Currently my CFD broker (IGmarkets) provides Oil future CFDs but the prices are a little off from the real futures price (for example, CL0130 closed at 80.02 but IGmarkets has their March "US Light Crude" contract at 80.26 and BZ0310 at 78.65 but IG has 78.64).
Has anyone had any experience trading using these instruments? I have an account with MB trading too so have access to the "real thing" but was wondering about them. I assume they track the underlying price so any % change in the real instrument is reflected in the synthetic.
Browsing through the IG instrument list their trackers seem pretty comprehensive (more comprehensive than my charting packages list of futs and stuff), so I am wondering why they don't just track the thing in real time etc?