Trading Hours

Instrument Code Trading Hours Break Time Zone
Open
Monday
Close
Friday
WTI Crude Oil WTI.FS 17:00
Sunday
16:00
Friday
16:00 - 17:00 Chicago
Cocoa COCOA.FS 04:45 13:30 13:30 - 04:45 New York
Coffee COFFEE.FS 04:15 13:30 13:30-04:15 New York
Copper COPPER.FS 17:00
Sunday
16:00
Friday
16:00 - 17:00 Chicago
Soybean SOYBEAN.FS 19:00
Sunday
13:20
Friday
07:45 - 08:30 Chicago
Brent Crude Oil BRENT.FS 01:00
Monday
23:00
Friday
23:00 - 01:00 London
Natural Gas NATGAS.FS 17:00
Sunday
16:00
Friday
16:00 – 17:00 Chicago

Advantages of Trading Oil (WTI) with Myfx Markets:

Experience all the benefits of trading oil whilst still utilising MT4's impressive functionality

Low Margin of 1%

Variable highly competitive spread

No dealer intervention

No brokerage fees and no commission on Standard Account

Oil Rollover Explained

Myfx Markets' oil contract (WTI) is based on the ICE futures price (Front-Spot Month). This futures price is the largest price benchmark for the oil industry worldwide. Futures contracts expire because they are related to a definitive date and there are many months traded.

(The forward prices can be higher or lower depending on market conditions).

In order to remove final day volatility at Myfx Markets we switch from using the front month contract into the second month's contract one trading day prior to the exchange expiry.

In order to make sure this does not affect our clients, a cash adjustment needs to be made. Please find two examples below:

Example 1:

Long position of 1000 barrels:
September Contract closes @ $110.00
October Contract opens @ $111.38
Cash adjustment of – $1,380 is made on account
Profit of $1,380 is made on open position
Net financial effect is zero.

Example 2:

Short position of 2000 barrels:
September Contract closes @ $110.00
October Contract opens @ $111.38
Cash adjustment of +$2,760 is made on account
Loss of $2,760 is incurred on open position
Net financial effect is zero.