FXPrimus adds UK and US oil, spot oil to offering

FXPrimus adds UK and US oil, spot oil to offering

Cyprus-based forex broker FXPrimus said on Tuesday it is expanding its product portfolio with the launch of trading in Brent crude (UK) and WTI (US) oil, as well as spot oil.

The broker said it has identified Brent crude and WTI oil as instruments with significant popularity among traders. It has recorded  an increased demand in these tradable instruments.

Traders can also trade on futures and spot oil, which is a non-expiring commodity. For such instruments, spreads start from #0.02.

“Our decision to extend our range of tradable instruments evidences our determination to provide the most relevant products to our traders who are both interested in commodities and in diversifying their trading portfolio,” said Terry Thompson, director and CEO of FXPrimus.

Following are details about the general trading conditions on oil that FXPrimus offers:

FXPrimus oilFXPrimus is a broker of forex, commodities, energies and indices. It holds a license by the Cyprus Securities and Exchange Commission (CySEC) since December 2014 and can offer its services to clients from all EU member states.

It used to hold a license in the Mauritius, but in late March this year the local financial regulator, the Financial Services Commission (FSC), revoked the broker’s license, after suspending it in May 2015 for an indefinite period. The reason was that the Mauritius regulator found FXPrimus guilty of breaching several local laws.

Also on Tuesday, RoboForex, another forex brokerage, said it is changing the trading conditions on contracts for difference (CFDs) on oil and stocks.

Source: FXPrimus

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