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Oil products – Important Information

Due to the current exceptional market events related to this product, please note we may take such action as reasonably required, including but not limited to amending trading times or margin requirements, closing or cancelling trades and orders, or suspending trading on any product or market.

Trading Restrictions

In times of high volatility and low liquidity there may be instances where one direction of trading (long or short) is not permitted or new positions are unable to be opened.  During any period in which such a trading restriction is applied, market orders or triggered pending entry orders will be rejected and deleted.  We may change the trading status of a particular instrument at any time and without prior notice. 

Negative Pricing

FXCM will not support negative prices on our products and reserve the right to cease trading when market prices reach zero or when we reasonably anticipate negative prices. In such event we may close all open positions at the best price available to us.

Current Policy on Oil

Until further notice, all Oil CFD contracts may be closed without notice and prior to expiry should the underlying reference price reach or fall below $3.00. We may close open positions at the prevailing price at the time the positions are closed. We do not guarantee the closing price.

In such circumstances the Oil CFD market will remain closed for the remainder of the trading day. We expect to re-open the market at the next available opportunity but the underlying reference may be for another futures contract rather than the near futures contract.

We recommend you trade this product with caution.

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Order Execution Only

Order Execution Only

Regulatory Documents:
IIROC Brochure: How Can I Get My Money Back, How IIROC Protects Investors, IIROC Complaints Brochure, CIPF Brochure, CIPF Coverage Policy, IIROC Order Execution Only Bulletin, Conflict Disclosure Statement, Covid-19 and Cyber Security - Tips for Investors, Relationship Disclosure Information Document, Before You Begin Trading

The relationship between Friedberg Direct and FXCM was formed with the purpose to allow Canadian residents access to FXCM's suite of products, while maintaining their accounts with a regulated Canadian firm. All accounts are opened by and held with Friedberg Direct, a division of Friedberg Mercantile Group Ltd., a member of the Investment Industry Regulatory Organization of Canada (IIROC). Friedberg customer accounts are protected by the Canadian Investor Protection Fund within specified limits. A brochure describing the nature and limits of coverage is available upon request or at www.cipf.ca.