Trade USOil CFDs with Formax and gain access to our advanced MetaTrader 4 platform, lightning fast execution, deep liquidity, best-of-market spreads, and of course our 24/5 personal support.
Don't get slowed down:
Formax offers no Re-Quotes on all energy products. Giving you fast and efficient trade execution every time you trade.
Low Cost Trading:
Trade Oil CFDs from as little as 1 contract or $1 per tick.
Keep track of oil by harnessing our advanced charting package and the powerful MT4 trading platform.
Profit no matter the market direction. Go long or short oil CFDs from the same account.
For trading times and more details, please refer to the Product Guide. Please be sure to check our holiday market trading hour's schedule which is updated prior to any holidays that may interrupt normal trading hours.
Minimum Margin Requirements (MMR)
Formax 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 $500 (U.S.) per contract.
• Margin Required = 1 contract x $500 = US$500
CFD has a monthly expiration (please refer to the table). Clients that hold an open position on the 'Formax Expiration' will be closed at our bid/ask price at the time below:
A trader goes long 5 USOIL contracts @ 72.00 per contract, mid-month. With one day left until expiration, the expiring month is trading @ 73.00. The trader's position would then be closed @ 73.00 per contract, and the profit would be credited to the traders trading account. All pending Stop and Limit orders that are associated with the expiring contract will be cancelled.
Formax is compensated via a mark-up which is automatically added to the spreads it receives from its liquidity providers. Formax may also receive compensation for order flow from its liquidity providers.Formax does not charge commission on standard accounts.
Formax maintains a no re-quote policy for indices, metals, and oil. Orders for these products do not operate via straight through processing. Instead orders are executed at the best price available within the trader's parameters, and subject to market liquidity at time of execution. Re-quotes occur when a trader makes an order at a specific price, but the order is rejected by a trading desk, and the trader is given a new price to accept or reject. Re-quotes can slow your trading down. Formax cannot re-quote Forex orders because these orders operate via straight through processing engine.
Test out your trading skills on oil with our Formax MT4 Demo Account.
Note: Leverage is a double-edged sword, and can dramatically amplify your profits. It can also just as dramatically amplify your losses. Trading spot metal products with any level of leverage may not be suitable for all investors.
If you have any questions or simply require more information about our Oil trading products, please email our friendly customer service team or give us a call on 0064-9-3799624.