Dear Valued Client,
Orbex would like to draw your attention that the last trading day on WTI_OIL will be on Friday 3rd of April 2020. A new future contract of May USOILK0 is available for trading starting from today.
Margin requirements on USOIL contracts will be set at 2% of the contract value, and spread will be more competitive.
WTI_OIL will be subject to a swap fees on swap accounts as mentioned on our Swap Table on our website starting from Friday 3rd of April 2020. Having in mind that three days swap on WTI_OIL will be deducted on each Fridays, you have to close your positions before market close on Friday 3rd of April, to avoid any fees may apply.
Free swap accounts will be subject to a daily storage fees of the same amounts as mentioned on our Swap Table.
Last trading day of USOILK0 will be on Friday 17 of April 2020, and the new contract of June USOILM0 will be available for trading before two days of May expiry.
USOIL Future contracts are a monthly contracts, and usually expires on the last week of each month.
You are always welcome to contact your account manager or Orbex support, should you require additional help or information.