Product Description

Crude Oil, also known as West Texas Intermediate (WTI) is the highest quality light, sweet crude oil available. WTI is important in the market because it is an oil benchmark. It is extracted primarily from land based oil fields in the southern & Midwest USA and also in the Gulf of Mexico. WTI oil is refined locally in the Midwest and is now exported globally.


PARAMETERS Trading Specifications per Account Type
PREMIUM ZERO MICRO VIP AUTO
Typical Spread in quote currency per unit 0.03 0.03 0.03 0.03 0.03
Size of 1 lot 100 Barrels 100 Barrels 100 Barrels 100 Barrels 100 Barrels
Minimum Contract size, lots 1.0 1.0 1.0 1.0 1.0
Maximum Contract size, lots 60.0 60.0 60.0 80.0 60.0
Tick value per 1 lot 1 USD 1 USD 1 USD 1 USD 1 USD
Volume limitation n/a n/a n/a n/a n/a
Margin requirement 1% 1% 1% 1% 1%
Minimum Price Increment 0.01 0.01 0.01 0.01 0.01
Limit and Stop Levels 0.1 0.1 0.1 0.1 0.1
Margin Call / Stop out Level 50 % / 20% 50 % / 20% 40% / 10% 50 % / 20% 50 % / 20%
Negative balance protection Yes Yes Yes Yes Yes
Swap free days allowance 0 0 0 0 0
products