UK Brent Oil / UKOIL.S - Trading Details

Product Description

Brent Oil, also known as London Brent or North Sea Oil is a light crude oil but slightly heavier than WTI. It is the world benchmark for Oil prices and produced in many areas of the world no just the North Sea. It usually trades at a premium to WTI and has a higher Sulphur content, although a lower specific gravity.


PARAMETERS Trading Specifications per Account Type
PREMIUM ZERO PRO
Spreads as low as 0.04 0.04 0.04
Size of 1 lot 100 Barrels 100 Barrels 100 Barrels
Minimum Contract size, lots 0.1 0.1 0.1
Maximum Contract size, lots 60 60 60
Tick value per 1 lot 1 USD 1 USD 1 USD
Volume limitation 100 lots per account 100 lots per account 100 lots per account
Margin requirement 0.5% 0.5% 0.5%
Minimum Price Increment 0.01 0.01 0.01
Limit and Stop Levels 15.0 15.0 15.0
Negative balance protection Yes Yes Yes
Swap free days allowance 6 6 6