Please note that the Company starts offering a new instrument: WTI (CFD on US WTI Crude Oil Cash), this instrument will be available for trading starting Monday, May 4th, 2020 (Effective Date).
Product specifications will be made available on the MT4/5 terminal and the Company's website on the Effective Date.
We would like to note that a single Futures contract is being used as a basis, currently December 2020 Futures contract, with a discount to the rate (currently around $15.50) and a regular adjustment by a 0.61% daily increment. This means that the price of the WTI Spot (Cash product) will increase by 0.61% per day to reach the level of the December 2020 Futures contract by the time of expiry. This 0.61% daily move will be offset by the SWAP rates applied to open positions each day.
In case the underlying December 2020 Futures contract becomes disorderly in the future (price goes negative or falls below $5), the Company will again rebase the WTI Spot (Cash product), locking in a new discount factor to the chosen Futures contract, and update the SWAP rates accordingly.
The TeleTrade Team
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Risk Warning: Trading Forex and CFDs on margin carries a high level of risk and may not be suitable for all investors. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.94% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Prior to trading, you should take into consideration your level of experience and financial situation. TeleTrade strives to provide you with all the necessary information and protective measures, but, if the risks seem still unclear to you, please seek independent advice.
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Teletrade-DJ International Consulting Ltd is registered as a Cyprus Investment Firm (CIF) under registration number HE272810 and is licensed by the Cyprus Securities and Exchange Commission (CySEC) under license number 158/11.
The company operates in accordance with the Markets in Financial Instruments Directive (MiFID).
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