Oil Commodities
Origin, gives the opportunity of rolling future contract pricing on petroleum. Pricing depends on Intercontinental Exchange(ICE) and barril price of petroleum on Usd. ‘West Texas Intermediate’ moves to North America by petroleum pipelines.
Origin, determines price for circuit futures of WTI and constantly updates this price automaticly on your account.
Petrolium contracts, shall be transferred to two days before the filling of the maturity of the market. This transfer, basicly, is calculated by replacing of the market price information according to the new month and the money which is on your account is determined by this setting. At this moment, all of your market orders is edited according to differences on these contracts. Our company doesn’t earn commission or profit so you don’t have any transaction cost.
Our company doesn’t take commission from petroleum. There is just a 5 point little spread and our minimum transaction amount is 0.1 lot.
When you buy or sell petroleum at ORIGIN you sell or buy price of petroleum. 1 lot means $ 1 on 0.01 (%1) price action. Hence if you buy 1 lot petroleum on $ 75.50 and sell on $ 76.50 you would earn $ 10. But if the price decrease equally you would loss $10. Namely, when you do 0.1 lot transaction, you do 1/10 of it.
