Why Trade Oil through FXCM?

  • 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 FXCM'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.

Product Details

Instrument
Name		Minimum
Trade
Size		Margin Requirement
Per Min Trade Size		Target
FXCM Spread		Minimum
Stop
Distance
(Points)		Trading Hours (GMT)Break Time (GMT)
USDGBPEUR
US Oil 1 200 125 140 8 16 Sun 23.00 -
Fri 21.00		 daily from 22.15 until 23.00

Trading Oil on Margin

Minimum Margin Requirements (MMR)

FXCM'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. FXCM 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 rate.

  • USOil minimum trade size is 1 contract
  • MMR is $200 (U.S.) per contract
  • 1 contracts x $200 = US$200
Contract MonthReference ExpirationFXCM Expiration
2010 January 18-Dec 17-Dec
February 19-Jan 18-Jan
March 19-Feb 18-Feb
April 19-Mar 18-Mar
May 19-Apr 16-Apr
June 19-May 18-May
July 21-Jun 18-Jun
August 19-Jul 16-Jul
September 19-Aug 18-Aug
October 20-Sep 17-Sep
November 19-Oct 18-Oct
December 18-Nov 17-Nov
Contract MonthReference ExpirationFXCM Expiration
2011 January 17-Dec 16-Dec

Expiration

US Oil has a monthly expiration (please see the table to the right). Clients that hold an open position on the ‘FXCM Expiration’ will be closed at our bid/offer at 5.15 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 US Oil @ 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.

FXCM will send an e-mail out to all holders of US Oil positions on the day of expiration.

CFD Product Guide