The underlying instrument for HeatingOilF is the Heating Oil Futures contract.
Heating Oil is one of the most important byproduct of crude oil, which is used for heating homes. Its price is affected by season, weather, consumptions, and also supply of Natural Gas, which is a substitute of Heating Oil for heating homes purpose. Heating Oil Futures offer traders a way of speculating/hedging the price movements.
Margin Requirement's may differ depending on account type and can be viewed in the dealing rates and create order windows on the trading station or by clicking here.
Trading Hours, Expiration and Reference Month
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. FXCM expiration dates and current reference month for HeatingOilF are located in the FXCM CFD Expiration PDF.
If you have an open position, the reference month you are trading will not be changed, although expiration dates may be amended. Upcoming reference months may be changed with no prior notice. Please ensure you are aware of which reference month is currently being priced, prior to opening a trade.
Clients that hold an open position on the 'FXCM Expiration' will be closed at our bid/offer at 17:00 New York time for HeatingOilF, which means the client will realise any floating P/L at the time it is closed. When HeatingOilF expires, all pending Entry orders and Stop/Limit orders that are associated with the expiring contract will be cancelled. Clients will need to re-establish another position if desired after the expiration and reinsert Stop and Limit orders to the new open position.
HeatingOilF has a target spread of 0.5 pips/points
Minimum Contract Size and Increment
The minimum number of contracts per click (trade) for HeatingOilF is 25 and in the increment of 25.
Max Contract Size
The maximum number of contracts per click (trade) for HeatingOilF is 5000
Minimum Pip Cost (Value)
HeatingOilF 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 HeatingOilF is 1 pip/point. FXCM's pricing displays 4 decimals - ideal for scalpers in a fast-moving market.
Number of FXCM Contracts to Equal 1 Future
42 FXCM HeatingOilF contracts are currently equivalent to one Heating Oil Future.
HeatingOilF has no financing cost (Rollover).
There is no minimum stop distance
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