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USOilSpot

USOilSpot represents the current spot price of West Texas Intermediate (as opposed to the Futures price).

Spot Oil prices are derived from the prices of various Futures contracts. FXCM use a method that derives a spot price based on the real time movements of the front two Futures months.

Margin Requirements

To view current margin requirements, visit the below link:

Trading Hours

Please click here for trading hours. Please note, however, that hours are subject to change based on Daylight Savings Time. Any holiday hours will be posted here.

Target Spread

USOilSpot has a target spread of 4 pips/points

Max Contract Size

The maximum number of contracts per click (trade) for USOilSpot is 5,000.

Minimum Pip Cost (Value)

USOilSpot has a minimum value of $0.10 per point (Your per point value may be different if your account is denominated in a different currency. Please refer to the Simple Dealing Rates Window in Trading Station for this value). The pip/point location is shown in the diagram. Each 0.01 price movement on USOilSpot is 1 pip/point. FXCM’s pricing displays an additional decimal place - ideal for scalpers in a fast-moving market.

Size of FXCM Contracts 
1 FXCM USOilSpot contract is currently the equivalent to 10 Barrels of WTI Crude.

Other Information

USOilSpot does not expire.

USOilSpot does have financing cost (Rollover). The calculation is as shown:

For Long positions:

((Far Month Futures Price-Near Month Futures Price)/(Total trading days of New Month Future) +Markup)×(-1)×point cost

For Short positions:

((Far Month Futures Price-Near Month Futures Price)/(Total trading days of New Month Future)-Markup)×point cost

Notes on the financing cost:

  • FXCM's Markup is currently 10 cents, but subject to change.
  • Point cost for one contract is 10.
  • To account for holding a position into the weekend, there is a 3X rollover on Wednesdays.

There is no minimum stop distance on USOilSpot.

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Order Execution Only

Order Execution Only

Regulatory Documents:
CIRO: Avoiding Fraud and Protecting Your Investments, How CIRO Protects Investors, CIRO Complaints Brochure, CIPF Brochure, CIPF Coverage Policy, CIRO Order Execution Only Bulletin, Conflict Disclosure Statement, Covid-19 and Cyber Security - Tips for Investors, Relationship Disclosure Information Document, Notice of Acknowledgment, 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 Canadian Investment Regulatory Organization (CIRO). 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.

* The percentage of our retail client accounts that were profitable in each of the previous most recent quarters was: Quarter 4, 2025: 41% | Quarter 3, 2025: 41% | Quarter 2, 2025: 34%. These figures are provided for transparency purposes only and do not constitute an indication of future performance or results.