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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
Example-1
Client position(long) +1 @ 37
WSD will create -1 @ 44 (based on EDSP prices)
This will result in a profit of usd 7000 for the account.
WSD will make cash adjustments to account by debiting usd 7000
to the account accordingly.
WSD will then create
a buy position +1 @ 44(based on EDSP prices)for the account.
Example-2
Client position(short) -1 @ 37
WSD will create +1 @ 44 (based on EDSP prices)
This will result in a loss of usd 7000 for the account.
WSD will make cash adjustments to account by crediting usd
7000 to the account accordingly.
WSD will then
create a sell position -1 @ 44(based on EDSP prices) for the account.
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Disclaimer
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage often used in currency trading can work against investors. Due to the nature of leveraged products, investors can lose more than their initial deposit. The content of this website does not constitute a recommendation and consequently, investors should consider the information in light of their objectives, financial situation and needs before making any decision about whether to acquire any WSD financial products. For more information, please feel free to contact us at +64 96320132/9632100