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Crude Oil Leverage Revision Notice

27 May, 2020

Crude Oil Leverage Revision Notice

Dear Valued Clients,

 

In line with Liquidity Provider’s upward revision of leverage, along with a stable oil market, we will be revising our leverage for USOIL, UKOIL, USOILroll, UKOILroll to 50 times from 1st June 2020.

 

In preparation for the margin revision, CWG would like to remind our client that it is your responsibility to continuously monitor your margin level and trading strategy. Take ownership of your positions by ensuring that expiring contracts are liquidated before the delivery period.

 

We would like to advise caution and please take note of the followings: -

- 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 market 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 a conducive trading environment and excellent customer service to our clients. Please also be assured that we are constantly monitoring and reviewing the stability of the trading environment. As always, should you have any questions, please do not hesitate to contact us at service@cwgmarkets.com.