Categories
VantageFX reduces Oil trading margin requirements to half
Notice
This Post has ended its release period. Please check VantageFX's latest information and campaign on VantageFX's company introduction page.
VantageFX - What's now?
We are no longer promoting VantageFX. The information regarding to VantageFX on the website 'Hercules.Finance' maybe outdated. ref. VantageFX
- Margin requirement changes to CL-Oil
- Margin will be updated from May 4th
- USOUSD is closed for trading temporarily
Due to unprecedented and extreme market conditions in the energy sector, many brokers have decides to roll over the oil contract
from June to July, and the USOIL assets (Spot and Futures) are placed on close only mode.
The underlying market conditions for the Oil products have been extremely volatile lately, and VantageFX continues to observe wider spreads, price gaps and periods of thin liquidity.
Margin requirement changes to CL-Oil
VantageFX is pleased to advise that from 4th May 2020, the broker will reduce margin requirements for CL-OIL to 5% from 10%.
This will effectively be half the current margin rate.
VantageFX offers CFD Oil from Nymex and CME, along with a number of energy CFDs.
The below table is an example of how the margin calculation will apply following the change.
| Product | Current Margin | New Margin |
|---|---|---|
| CL-OIL | USD 10000 | USD 5000 |
You are advised to exercise extra caution and manage your exposure accordingly.
For the list and conditions of available Energy CFDs on VantageFX’s trading platforms, visit VantageFX Official Website.
Go to VantageFX Official Website
Margin will be updated from May 4th
Margin changes will be effective from 00:00 am 4th of May (MT4 Server time).
All other conditions and products remain unchanged.
Recently financial markets have been extremely volatile, and VantageFX continues to observe wide spreads, price gaps and periods of thin liquidity.
We continue to advise caution during this period of volatility.
We recommend that you always monitor positions carefully and maintain a sufficient account surplus.
Visit VantageFX Official Website
USOUSD is closed for trading temporarily
Due to the continued disruption in the underlying oil markets, Vantage FX has set the USOUSD (Cash/ Spot US Oil) instrument to “close only” status, this restriction will be in place until further notice.
This means, the existing trades can be closed but new trades cannot currently be opened on this symbol.
Pricing on the above instrument will be monitored closely and returned to normal as soon as possible.
