CFD Binary Commodities (Futures)
Expiry Period: Daily
Strategy: Up/Down/Ladder
Export to Excel
| Commodity | GFT Spread | GFT Trading Hours† | Min Size | Tick Factor* | Example Price | Currency | Min Stop Distance | Settlement Method | Last Update |
| Gold | 3 - 7 | 03:00 - 13:28 (ET) | 1 unit of account currency per point | 1 | Between 0.0 and 100.0 | Account Currency | 20 | The official close of the NYMEX Gold futures. | 04/05/2011 |
| Silver | 3 - 7 | 03:00 - 13:23 (ET) | 1 unit of account currency per point | 1 | Between 0.0 and 100.0 | Account Currency | 20 | The official close of the NYMEX Silver futures. | 05/05/2011 |
| WTI Crude Oil | 3 - 7 | 03:00 - 14:28 (ET) | 1 unit of account currency per point | 1 | Between 0.0 and 100.0 | Account Currency | 20 | The official close of the NYMEX Crude futures. | 05/05/2011 |
CFD Binary Commodities (Futures)
Expiry Period: Hourly
Strategy: Up/Down
Export to Excel
| Commodity | GFT Spread | GFT Trading Hours† | Min Size | Tick Factor* | Example Price | Currency | Min Stop Distance | Settlement Method | Last Update |
| WTI Crude Oil | 3 - 7 | 08:30 - 14:28 (ET) | 1 unit of account currency per point | 1 | Between 0.0 and 100.0 | Account Currency | 20 | The first trade of the NYMEX Crude futures on or after the expiry time. | 04/05/2011 |
CFD Binary Commodities (Futures)
Expiry Period: Daily
Strategy: One Touch/Double Touch/Either-Or Touch
Export to Excel
| Commodity | GFT Spread | GFT Trading Hours† | Min Size | Tick Factor* | Example Price | Currency | Min Stop Distance | Settlement Method | Last Update |
| WTI Crude Oil | 2 - 7 | 03:00 - 14:28 (ET) | 1 unit of account currency per point | 1 | Between 0.0 and 100.0 | Account Currency | 20 | Print of the NYMEX Crude futures on or through the strike. | 04/05/2011 |
*Tick Factor = the price increment representing 1 whole trading unit, by which Binary P&L and Binary Margin are calculated
†Trading Hours for individual binary markets can also be found in the Market Information boxes on the trading platforms.
Trade Sizes
When trading Binary CFDs you are trading in your account currency e.g. X units of account currency per binary point movement.
Spreads
Binary spreads vary based on the underlying market, the time to expiry and the binary price.
Margin
Margin is 100% of the maximum potential loss on each trade.
Example:
Sell £10 at 49.1 of WTI Crude (Jun) Daily Down - 88.59
Margin = Maximum Loss = £10 x (100.0 - 49.1)
= £509
Settlement
If the settlement level equals the strike level for any binary market, the binary will be settled as if the settlement was above the strike.
Maximum Deal Sizes
The maximum deal size is determined by the currency of the account:
| AUD | 300 |
| CHF | 300 |
| EUR | 250 |
| GBP | 200 |
| JPY | 999 |
| PLN | 500 |
| USD | 300 |
Last Dealing Times
The last dealing times are defined by the following rule:
2 minutes before the expiry time
Binary Commodities Contracts
Binary Commodity prices will be derived from the GFT front month futures contract and will settle basis the official close of this contract.
The front month contracts will change on the following dates:
WTI Crude Oil
The underlying’s Last Trade Date
Gold
The underlying’s First Notice Date
Silver
The underlying’s First Notice Date
CD01UK.497.072611
Disclaimer: Trading spot forex, CFDs, and spread bets is risky and not suitable for everyone. All of these products (excluding Binary CFDs and Binary Spread Bets) are leveraged, and you can lose more than your initial deposit. Don't trade more than you can afford to lose.
GFT Global Markets UK Ltd. is authorised and regulated by the Financial Services Authority.