Given that Light Sweet Crude (US) oil futures contracts for May delivery have recently traded at prices below zero, we would hereby like to restate our dealing policy terms and conditions as they pertain to CFDs and other instruments offered by Libertex.
If at any time the market price of an asset offered in any trading platform provided by Libertex should be quoted as having traded at zero or lower, all new trading activity for that asset will be immediately stopped, all long and short open positions will be administratively closed at the price of 0, and any pending orders for the affected instrument will be cancelled.
Additionally, for WTI, CL and BRN, if the price quoted falls below $5.00 per barrel, new trading activity will be disabled, and trading will be set to "close only," meaning, it will be possible to close open trades, but not possible to initiate new trades for the said instruments.
Please also pay attention to the following changes regarding WTI, CL, BRN, HO:
Instrument | MAX volume for Metatrader ($) | MAX volume for Libertex ($) | МAX multiplier for Libertex |
BRN | 50 lots (appr. 1000k) | 1000 K | 1:50 |
WT and CL | 20 lots (appr. 200k) | 200 K | 1:10 |
HO | 5 lots (appr. 150k) | 200 K | 1:10 |
MAX leverage for Metatrader | ||
Volume ($) | WT, CL, HO | BRN |
Less 100К. | 1:100 | 1:200 |
100К – 200К | 1:50 | 1:100 |
200К - 300K | 1:25 | 1:20 |
more than 300k | 1:10 | 1:10 |
