| Home > Trading Products > Oils |
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COFX launches Crude Oil.
You can now trade Oil : |
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1. 1% Margin
2. 5 cent spreads
3. 1pt = $10 |
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| Oil is offered as a CFD contract. For further details please look under CFD or click here |
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The roll over will be further explained by a couple of examples: -
Assumptions |
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Roll over Cost is $ 7: -
Settlement Price for current month is: 36
Next month price is: $ 44
Client Position is a buy position 1 lot at 37 |
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| Example-1 |
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Client position(long) +1 @ 37
COFX will create -1 @ 44 (based on EDSP prices)
This will result in a profit of usd 7000 for the account.
COFX will make cash adjustments to account by debiting usd 7000
to the account accordingly. COFX will then create
a buy position +1 @ 44(based on EDSP prices)for the account. |
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| Example-2 |
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Client position(short) -1 @ 37
COFX will create +1 @ 44 (based on EDSP prices)
This will result in a loss of usd 7000 for the account.
COFX will make cash adjustments to account by crediting usd
7000 to the account accordingly.
COFX will then
create a sell position -1 @ 44(based on EDSP prices) for the account. |
