Sunday 19th May 2013 12:53 AM
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. â€
Hedging Capability: You can go long or short oil from the same account.
Advanced Charting: Trade gold from FXCM's advanced charting package.
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 marginrequired to
the minimum trade size, simply multiply the minimum tradesize 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 'FXCM Expiration' will be closed at our bid/offer at 5.15 p.m. ET.
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. More......