CFDS

Speculate on the rise or fall of the market with CFD trading at FX88

Access to global markets

A CFD (Contract for Difference) is a popular form of derivative trading. CFD trading enables you to speculate on the rise or fall of financial markets instruments such as shares, indices, commodities, currencies and treasuries.  As a leveraged product, CFDs allow you to maximise your market exposure for a small fraction of the investment you would typically need to trade the underlying asset directly. You can use CFDs to trade and speculate on price movements regardless of whether prices are rising or falling. CFDs provide plenty of trading flexibility, allowing you to take full advantage of the financial markets and diversify your trading.

Why Trade CFDs?

  • Potentially profit when the markets rise or fall
  • Leverage your investment potential and reduce your capital outlay
  • Access a wider range of financial markets
  • Mitigate your risk by hedging with CFDs
  • Diversify your trading portfolio

Spreads

Spot Oil
Pair Premium Target Spread ECN Target Spread**
Spot WTI Crude Oil 4 0.035
Spot Brent Crude Oil 4 0.035
 
 
Spot Oil
Instruments Symbol Contract Size Currency Min.Trade Size Max.Trade Size Min.Stop Level (Points) Trading Hours
Spot WTI Crude Oil USOIL 1000 Barrels USD 0.01 50 1

Monday - Friday

01:01 - 23:59

Spot Brent Crude Oil UKOIL 1000 Barrels USD 0.01 50 1

Monday - Friday

03:01 -23:59

 

*Slippage may occur during volatile market conditions

**For ECN accounts, a commission charge of US$7 / €6 / PLN25 per lot applies

At FX88, we offer different leverage based on our clients’ preference and trading ability.

Please refer to the available leverages based on the account types

Margin Requirement is an initial deposit required to maintain open trading positions. A portion of your trading account funds will be set aside as a margin deposit and this will be dependent on your leverage setting.

To help you understand how margin requirement in CFD trading works, we have prepared some examples below:

 

Spot Oil

Example 1:

Margin requirement for one standard contract position in UKOIL/USD at 48.033 with a leverage of 1:100 is calculated as follows:

Margin= (Lot Size*Contract Size*Market Price)/Leverage

Margin = (1 * 1000 * $48.033) / (100) = $480.33

 

Example 2:

Margin requirement for one standard contract position in USOIL/USD at 45.577 with a leverage of 1:100 is calculated as follows:

Margin= (Lot Size*Contract Size*Market Price)/Leverage

Margin = (1 * 1000 * $45.577) / (100) = $455.77

 

It is important for traders to understand the meaning of Margin Call before they trade. Margin Call is a measure set by brokers to alert traders prior to their account funds falling below the Margin Requirement. This prevents liquidation of open positions due to insufficient Margin Requirement. At FX88, Margin Call is set at 80%, therefore, if your Equity (Balance – Open Positions Profit/Loss) falls below 80% of the margin required to maintain your positions, a notification within MT4 will alert you to make an additional deposit to maintain your open positions.

After Margin Call, you should understand the meaning of Stop Out Levels. If you are unable to maintain sufficient funds in your account after hitting the Margin Call level, and your account funds depreciates to the Stop Out level, your positions will be closed automatically to prevent further losses which might put you into negative. At FX88, Stop Out level is set at 50%.

The forex market is open 24 hours a day, 5 days a week (Monday – Friday). Trading is continuous between the standard trading hours for all currency pairs.

Server Time (GMT+3): Open from Sunday 00:00 | Close on Friday 23:59

*Our Server Time is set to GMT+3

Swaps

The term Swaps refers to the rollover interest (which is earned or paid) when you hold a position or positions overnight. The interest for positions held over the weekend will occur on Wednesday for Spot Oil. Therefore, the interest applied will be for three days of rollover interest.

 

 

Spot Oil
Instruments Long Shor
Spot WTI Crude Oil 1.44 -8.8
Spot Brent Crude Oil 20.25 -43.56
 

 

 

 

Risk warning: Trading leveraged products such as forex and CFDs carries a high level of risk and may not be suitable for all investors. There is a possibility to lose all your initial capital. Please ensure that you fully understand our Risk Disclosure Policy.