Maximum possible leverage changes since April 4th temporary
Dear Traders, as you may already know, on March 30, WTI crude oil hit at 17-year low at $19.02 a barrel.
Based on this market uncertainty, Saudi Arabia and Russia are debating about the global oil supply, which may be cut by 10 million barrels per day to smooth further price falls.
April 6, an emergency video meeting of OPEC, called by Saudi Arabia to reach the agreement helping to stabilize the market, will take place with other non-OPEC producers and Russia.
Due to this unstable situation, trading terms will be temporary changed:
Maximum possible leverage on WTI Crude Oil Spot and Brent Crude Oil Spot will be reduced from Saturday, April 4th 2020 and until further notice.
- For notional position values up to 500,000 EUR, USD, or CHF or equivalent in another currency, the maximum possible leverage will be 1:50.
- For notional position values over the above mentioned 500,000 EUR, the leverage will be 1:10.
Kind regards and take care!