The trading provider is capitalising on increasing interest in oil trading.
With oil trading experiencing a surge in recent months, FXCM Group, LLC, announced this Wednesday that it has launched two new contracts for difference (CFD) products - UKOilSpot and USOilSpot.
FXCM is an online trading provider of foreign exchange (forex), CFD and cryptocurrency trading. The two new spot oil products will represent the current spot price of West Texas Intermediate and Brent Crude.
FXCM new products have no expiration
According to the statement from the international trading provider, customers who choose to trade these new products can leave their positions open indefinitely in order to avoid potentially thin Liquidity in the days leading up to the contract expiration.
With the addition of the new contracts, clients of FXCM can trade the broker’s existing contracts, USOil and UKOil, which have monthly expirations and are past on the front-month futures contracts, or they can trade the two new products announced today, which do not expire.
Oil products in demand
As Finance Magnates reported, in April of this year, for the first time in history, oil prices went negative with the price of May WTI futures contracts plummetting as the lockdown measures adopted by the coronavirus pandemic significantly reduced the demand for oil, resulting in much higher supply than demand.
Since this event, a number of trading and Liquidity Providers have launched new oil products. eToro created a new oil portfolio, called OilWorldWide, which gives retail investors exposure to 20 global companies across the oil sector, and IS Prime developed two new proprietary products the US Oil Index and the UK Oil Index, which are aimed to combat the inability of brokers’ trading systems to accept negative rates.
Commenting on the new product, Brendan Callan, CEO of FXCM said in the statement: “With the collapse of oil prices recently, many traders are thinking twice about which energy product to trade when looking to speculate.
“With the expansion of our oil offering, FXCM is catering to the increasing demand to trade oil markets, while providing traders with the opportunity to mitigate the risks that are associated with the futures markets.”
UKOilSpot and USOilSpot have the same CFD contract sizing and pip costs as FXCM’s Futures Oil CFDs, the company said. However, the new spot products do have a daily financing fee for holding positions past 5 pm EST.
With oil trading experiencing a surge in recent months, FXCM Group, LLC, announced this Wednesday that it has launched two new contracts for difference (CFD) products - UKOilSpot and USOilSpot.
FXCM is an online trading provider of foreign exchange (forex), CFD and cryptocurrency trading. The two new spot oil products will represent the current spot price of West Texas Intermediate and Brent Crude.
FXCM new products have no expiration
According to the statement from the international trading provider, customers who choose to trade these new products can leave their positions open indefinitely in order to avoid potentially thin Liquidity in the days leading up to the contract expiration.
With the addition of the new contracts, clients of FXCM can trade the broker’s existing contracts, USOil and UKOil, which have monthly expirations and are past on the front-month futures contracts, or they can trade the two new products announced today, which do not expire.
Oil products in demand
As Finance Magnates reported, in April of this year, for the first time in history, oil prices went negative with the price of May WTI futures contracts plummetting as the lockdown measures adopted by the coronavirus pandemic significantly reduced the demand for oil, resulting in much higher supply than demand.
Since this event, a number of trading and Liquidity Providers have launched new oil products. eToro created a new oil portfolio, called OilWorldWide, which gives retail investors exposure to 20 global companies across the oil sector, and IS Prime developed two new proprietary products the US Oil Index and the UK Oil Index, which are aimed to combat the inability of brokers’ trading systems to accept negative rates.
Commenting on the new product, Brendan Callan, CEO of FXCM said in the statement: “With the collapse of oil prices recently, many traders are thinking twice about which energy product to trade when looking to speculate.
“With the expansion of our oil offering, FXCM is catering to the increasing demand to trade oil markets, while providing traders with the opportunity to mitigate the risks that are associated with the futures markets.”
UKOilSpot and USOilSpot have the same CFD contract sizing and pip costs as FXCM’s Futures Oil CFDs, the company said. However, the new spot products do have a daily financing fee for holding positions past 5 pm EST.
58% of UK Investors Choose Professional Guidance over 'Finfluencers’
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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