Home | About us | Contact us   
Company
Client Login
Demo Account
Apply for an Account
AFA Introducing Broker
Welcome to AFA Markets ...

Energies

Our Energy contracts offer exposure to changes in oil and gas prices. All our contracts expire at specified forward dates and are cash settled; we quote you our own bid/offer spread based on the underlying with $10 commission per contract.

Energies Information Table

 

Contract and
dealing hours
(8)

Value of one contract
(per index point)

Normal spread

Ltd Risk premium

Margin Requirement (per contract)

Contract months and
last dealing day

Light Crude Oil
New York
24 hours except
17.15-18.00

US$10

8

4

US$2750

Current and next month.
3rd trading day prior to 25th calendar day or previous month (7)

Mini Light Crude Oil
New York
24 hours except
17.15-18.00

US$5

8

4

US$1375

Current and next month.
3rd trading day prior to 25th calendar day or previous month (7)

Brent Crude Oil
London

02.00-22.00

US$10

6

4

US$2700

Current and next month.
1st or 2nd bus. day preceding 15th day prior to 1st day of delivery month

Heating Oil
New York
24 hours except
17.15-18.00

US$4.20

30

20

US$5401.2

Current and next month.
Last business day of previous month.

Natural Gas
New York
24 hours except
17.15-18.00

US$10

30

20

US$8100

Current and next month.
6 trading days prior to the first calendar day of contract month.

Mini Natural Gas
New York
24 hours except
17.15-18.00

US$2.50

30

20

US$2025

Current and next month.
6 trading days prior to the first calendar day of contract month.

>

Gas Oil
London




09.15-17.27

US$100

1.0

0.6

US$5500

Current and next month.
3rd business day prior to 14th day of contract month.

Unleaded Gasoline
New York
24 hours except
17.15-18.00

US$4.20

60

40

US$7425.6

Current and next month.
Last business day of previous month.

>

Carbon Emissions
London

08.00-17.00

EUR10

20

30

EUR2550

Mar, June, Sep, Dec
Trading day preceding the 3rd Friday of contract month.

 

Notes to table

All the instruments described on this site are Contracts For Difference (CFDs). Our Energies give you exposure to changes in the value of oil and gas prices but they are cash settled and cannot result in the delivery of any commodity or instrument.

1) Our Commodities CFDs give a client exposure to changes in the value of a futures contract but cannot result in the delivery of any commodity or instrument by or to the client.

2) We will normally quote the same dealing spread applying in the underlying futures market. All dealing spreads are subject to variation, especially in volatile market conditions.

3) We will quote an 'all-in' spread that includes both dealing spread and market spread. The size of our dealing spreads are shown in the information tables. All dealing spreads are subject to variation, especially in volatile market conditions. We will not charge any additional commission unless we notify you in writing..

4) Positions not already closed by the client expire automatically either at the official exchange-published settlement for the contract or at the official market settlement on the last dealing day, whichever is the earlier.

5) The last dealing day shown in the tables may not always coincide with the last dealing day on the relevant exchange.

6) For most positions, a client can, at any time before the position has been automatically closed, ask for the position to be rolled over to a later date. Rolling over a position involves closing the old position and opening a new one. We normally attempt to contact a client shortly before a position is due to expire and offer him the opportunity to roll the position over. However, we cannot undertake to do this in every case and it remains the client's responsibility to give instructions, if he so wishes, to roll the position over before it expires.

7) If the 25th calendar day of the previous month is a non-trading day, the last dealing day for Light Crude Oil is the third business day prior to the last business day preceding the 25th calendar day of the previous month.

8) Times quoted are local to the relevant exchange.