(All trade times are GMT. Market Closed Daily between 22:00 and 23:00)

Why Trade Oil through TradeFX4free?

■ No Re-quotes on all energy products, giving you fast, efficient trade execution without expensive re-quotes.
■ Minimum Trade Size: Trade from as little as 1 contract or $1 per tick.
■ Low Transaction Costs: Trade commission free,* no exchange fees, & no clearing fees. The transaction cost is the spread, the difference between the buy and sell price.
■ Advanced Charting: Keep track of oil and trade from TradeFX4free's advanced charting package.
■ Generous Leverage: Generous leverage on all products that are clearly detailed on the Trade Station II. †
■ Hedging Capability: You can go long or short oil from the same account.

Trading Oil on Margin

Minimum Margin Requirements (MMR)

TradeFX4free's margin rates are displayed in the dealing rates window on the trade station and detail the client's capital obligation to buy or sell 1 contract of a single index. TradeFX4free has standardized minimum/incremental trade sizes for each instrument. To calculate the margin required to place the minimum trade size, simply multiply the minimum trade size by the margin required (per contract) which is displayed in the dealing rates window.

■ USOil minimum trade size is 1 contract
■ MMR is $200 (U.S.) per contract
■ 1 contracts x $200 = US$200

Expiration

Oil has a monthly expiration (please see the tables below). Clients that hold an open position on the ‘TradeFX4free Expiration’ will be closed at our bid/offer at 5.15 p.m. EST.

The only consequence of this is the client will realise any floating P/L at the time it is closed.

Example:

■ Client is long 5 USOil @ 72.00.
■ One day prior to expiration, the expiring month is trading at 73.00.
■ The customer position is closed at 73.00 and the profit is credited to the clients trading account.

◦All pending Stop and Limit orders that are associated with the expiring contract will be canceled.