Futures products
Futures are the most popular form of trading in CFD products. Amcor LTD provides some major futures trading products around the world. Including ICE Dollar Index (Intercontinental Exchange Dollar Index), CBOE VIX Index (Chicago Board Options Exchange Volatility Index). IC Markets' online futures products are based on the CFD model through the MT4 platform to provide customers with transactions.
Futures CFDs are based on the underlying futures market for quotation, and commissions, financing fees, dividend adjustment fees and other fees are calculated in the spread. Amcor LTD provides fully competitive quotations for all futures CFDs.
Examples of futures CFD trading
Buying VIX refers to the
number of positions
opened
The VIX index is now quoted as: 14.05/14.20, you judge that the index will rise, so you buy 1 contract at 14.20. (The value of one contract is 15 US dollars, so the single digit on the quotation fluctuates by 1 point, that is, 1 US dollar). There is no commission for futures CFDs. Therefore, every time the single-digit number fluctuates by 1 point, you will make a profit of 1 dollar; on the contrary, for every dollar that fluctuates downward, you will lose 1 dollar.
Liquidation
After a few days, the VIX market rose to 18.00/18.35; you decide to close the position and cash in your profit. So you will sell 1 contract at 18.00. (I.e. the contract in which you hold positions)
calculate
-
Trading profit
-
400 x 1 contract ($0.01 per point) = USD $4.00
Expiry date, spot crude oil and tradable market easy market
Futures expiration/switching process
Reoori's futures CFDs are set to expire one day before the expiry date of the underlying futures market. When one contract expires, all open positions will be closed in the last few hours of market trading. All positions will not be automatically switched to the next month. Therefore, if any customer wants to continue to hold a position, he will need to reopen a position in a new contract. Since there is a spread between two contracts with different expiration dates, you will see a gap on the chart. (Note: The following information is collected from the Internet and is for reference only. The specific transaction time and expiration time are subject to the platform.)
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futures
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symbol
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currency
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Contract month
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Expiry date (GMT+3)
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US Volatility Index Futures
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VIXN8
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USD
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JULY-18
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17-JULY-18
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WTI Crude Oil Futures
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WTIQ8
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USD
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AUG-18
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19-JULY-18
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Brent Crude Oil Futures
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BRENTU8
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USD
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SEP-18
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31-JULY-18
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WTI Crude Oil Futures
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WTIU8
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USD
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SEP-18
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20-AUG-18
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US Volatility Index Futures
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VIXQ8
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USD
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AUG-18
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21-AUG-18
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US Dollar Index Futures
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DXYU8
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USD
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SEP-18
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14-SEP-18
Soft Commodity Expiration Information
CottonZ8 DEC-18 26-NOV-18
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symbol
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currency
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Contract month
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Expiry date (GMT+3)
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SoybeanQ8
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USD
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AUG-18
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30-JUL-18
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CocoaU8
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USD
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SEP-18
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17-AUG-18
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CoffeeU8
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USD
-
SEP-18
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22-AUG-18
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OJU8
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USD
-
SEP-18
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31-AUG-18
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CornU8
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USD
-
SEP-18
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31-AUG-18
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WheatU8
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USD
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SEP-18
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30-AUG-18
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SugarV8
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USD
-
OCT-18
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27-SEP-18
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CottonZ8
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USD
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DEC-18
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26-NOV-18
CFD product specification sheet
The Reoori product specification sheet provides more information about trading hours, spreads, leverage, etc.
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symbol
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Margin
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Open
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Closed
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Closed
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Contract month
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Minimum contract
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Largest contract
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VIX
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1%
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Monday 1:00
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Friday 23:15
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23:15~23:30
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per month
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1
-
100
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DXY
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0.5%
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03:00 (Monday 01:00)
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Friday 24:00
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24:00~03:00
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per month
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1
-
100
Remarks:
Transaction contract size:
The limit on the size of the transaction contract depends on the current liquidity, market conditions, and whether the transaction is performed during regular hours. The minimum number of trading contracts will refer to the transaction size of the underlying market. In addition, please note that the base currency of the futures CFD will be the same as the currency of the underlying trading product.
Trading Hours:
Reoori's usual standard trading hours are from Sunday 17:00 to Friday 17:00 GMT, but it will be adjusted according to daylight saving time or holiday time.
In addition, because the futures subject matter can only be traded within a certain period of time in the futures exchange, we call it "out-of-regular time" transactions outside of this regular trading time. Outside the regular time, due to the scarcity of liquidity, etc. The reason for the spread may be higher than the regular time.
The time in the above table is platform time.
Margin/Leverage:
The leverage of futures CFD products provided by Reoori varies according to different products, please refer to the above table. Among them, 1% of margin means 100 times leverage, and 0.5% means 200 times leverage.
