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Upcoming Margin Changes on Crude Oil Products

21 Apr, 2020

Upcoming Margin Changes on Crude Oil Products


Our Valued Client,

In preparation of significant increased volatility in the crude oil markets due to the uncertainty of global financial market, CWG Markets has conducted a review of its risk management techniques with the intention of providing a greater level of control during this period. As a result of our review, CWG Markets is implementing an adjustment to its leverage of all crude oil products from 1:100 to 1:20, details as follows.  

Adjustment time: from 0:00 on Friday, April 24th 2020 (MT4/5 platform time). Further changes will be notified separately.

Adjustment details: 

Margin Adjustment

Product Symbol

Product Name

Before

After

USOIL

WTI Crude (Futures)

1:100

1:20

UKOIL

BRENT CrudeFutures

1:100

1:20

USOIL Roll

WTI CrudeSpot

1:100

1:20

UKOIL Roll

BRENT CrudeSpot

1:100

1:20

 

In addition, if the price of the above products is lower than 5 US dollars, it will be switched to closing positions only with immediate effect.

It is your responsibility to continuously monitor your margin level and trading strategy. We would like to advise caution and please note:

- Widened spread: The order is usually not executed at the original price should there be volatility and reduced liquidity in the market. Widened spread and slippage may occur. Therefore, this may work for you, or against you.

- Margin ratio: Markets may initially experience volatility after weekends and holidays, we advise that you monitor open positions carefully and trade within margin parameters.

- Increased overnight interest: The overnight interest may increase due to markets performances and supply/demand ratio. Therefore, please take extreme caution in trading and ensure that your account holds sufficient funds.

- Stop quotation: Although the probability of occurrence is extremely low, we still want to remind you that the liquidity provider may close the position when the price drops to 0 or close to 0, resulting in the product being unable to quote. If this occurs, CWG may stop trading of the product, and may cancel all trading orders during the price stagnation period.

 

 

 

 

We will inform you should there be any further changes. We would like to take this opportunity to thank you for your continuous trust and support for CWG Markets. We continue to improve our services, aiming at providing conducive trading environment and excellent customer service to our clients. Please also be assured that we are constantly monitoring and reviewing stability of the trading environment. As always, should you have any questions, please do not hesitate to contact us at service@cwgmarkets.com.