Oil
TRADING OIL ON MARGIN
- Leverage to trade is set at 50-1, or 2% margin. Therefore, with each $1 in your account you control $50.
- Margin is the funds in your account necessary to back an individual trade. With 2% margin, you must keep in your account a cash balance of 2% of the total value of your position(s) in order to maintain the position.
EXPIRATION
- Leverage to trade is set at 50-1, or 2% margin. Therefore, with each $1 in your account you control $50.
- Margin is the funds in your account necessary to back an individual trade. With 2% margin, you must keep in your account a cash balance of 2% of the total value of your position(s) in order to maintain the position.
Oil has a monthly expiration (please see the tables below). Clients that hold an open position on the expiration date will be closed at our bid/offer at 18:30 GMT.
The only consequence of this is the client will realise any floating P/L at the time it is closed and all pending Stop and Limit orders that are associated with the expiring contract will be canceled.
OIL CONTRACTS IN 2011
| CONTRACT MONTH | EXPIRATION DATE | ||
|---|---|---|---|
| January (CLF1) | 17-Dec | ||
| February (CLG1) | 19-Jan | ||
| March (CLH1) | 18-Feb | ||
| April (CLJ1) | 21-Mar | ||
| May (CLK1) | 18-Apr | ||
| June (CLM1) | 19-May | ||
| July (CLN1) | 20-Jun | ||
| August (CLQ1) | 19-Jul | ||
| September (CLU1) | 19-Aug | ||
| October (CLV1) | 19-Sep | ||
| November (CLX1) | 19-Oct | ||
| December (CLZ1) | 17-Nov |
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