FDFX launches Crude Oil.

You can now trade Oil:

1. 1% Margin
   
   
2. 5 cent spreads
   
   
3. 1pt = $10
   
   

Oil is offered as a CFD contract. For further details please look under CFD or click here

The roll over will be further explained by a couple of examples: - Assumptions

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

Therefore:

Example 1

Client position(long) +1 @ 37
FDFX will create -1 @ 44 (based on EDSP prices)
This will result in a profit of usd 7000 for the account.
FDFX will make cash adjustments to account by debiting usd 7000
to the account accordingly. FDFX will then create
a buy position +1 @ 44(based on EDSP prices)for the account.

Example 2

Client position(short) -1 @ 37
FDFX will create +1 @ 44 (based on EDSP prices)
This will result in a loss of usd 7000 for the account.
FDFX will make cash adjustments to account by crediting usd
7000 to the account accordingly.
FDFX will then create a sell position -1 @ 44(based on EDSP prices) for the account.