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.

Warning: FX market involves significant risks, including complete possible loss of funds. Consequently trading is not suitable for all investors and traders. By increasing leverage risk increases as well.

Myfx Markets, the trading name of Morris Prime, provides you with educational resources to help you become familiar with all the trading features and tools in the trading platform. With the demo account you can test any trading strategies you wish in a risk-free environment. Please bear in mind that the results of the transactions of the practice account are virtual, and do not reflect any real profit or loss or a real trading environment, whereas market conditions may affect both the quotation and execution. FX products are leveraged products and trading FX therefore involves a high level of risk that may not be suitable for everyone. Myfx Markets recommends that you ensure that you fully understand the risks involved before making any decision concerning Myfx Markets' products. Independent advice should be sought if necessary.

Legal: Morris Prime, whose trading name is Myfx Markets, is regulated by the Financial Services Commission (FSC) of the Republic of Mauritius. The company's Category 1 Global Business No. is C115014181 and the company registration No. is C130207.

Current Disclaimer: The content of this website does not constitute a recommendation and, consequently, you should consider the information in light of your objectives, financial situation and needs before making any decision about whether to acquire any MYFX Markets' financial products. A Disclosure Document is available here or sending email to customer.service@myfxmarkets.com or by calling +64 9 889 4022, which should be considered prior to acquiring or continuing to hold CFDs. Information about our services, including our fees and charges is also available at those sources.