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04 May, 05:43

Company starts offering a new instrument: WTI (CFD on US WTI Crude Oil Cash)

Dear Clients, 

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

 

20 May, 07:44

Dear TeleTrade Customers, Please note that there will be a change in the trading hours on CFD instruments on May 21, 2020 due to  Ascension Day in Switzerland. Changes to trading sessions...

18 May, 11:03

Dear TeleTrade Customers, Please note that there will be a change in the trading hours on CFD instruments that will take place on May 25, 2020, due to Memorial Day in the USA. Instruments Ticker Opening...

06 May, 08:49

Dear clients, Please be aware that the Company has increased SWAPs on CFDs on UKBrent and WTI, in accordance with the strict risk management procedures followed and a similar increase by the Company's...

04 May, 05:43

Dear Clients,  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...

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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.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.55% 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.