Dear GeminiCap customers:
Thank you for your continuous support and trust.
GeminiCap would like to warmly inform you that, in order to better meet the needs of our customers and further enhance the customer trading experience, our platform will change the size of the USOUSD contract on the Spot Crude Oil from 100 barrels/lot to 1000 barrels/lot. The relevant changes will take place as per following schedule (Beijing time):
Specific change details are as follows:
|Trading Product||Original Contract QTY/Lot||New Contract QTY/Lot||Change Starting Time||New Contract Effective Time|
|USOUSD||100 Barrels||1000 Barrels||21.6.2018||25.6.2018|
Frequently Asked Questions:
Q: Can I close any orders in the Read-Only mode?
A: Yes, you can close any existing orders during the Read-Only mode, but please note no new orders can be made in the Read-Only mode.
Q: What will happen if I do not close my existing orders before Beijing time 22:00pm on 21st of June?
A: If you do not close your existing USOUSD orders before Beijing time 22:00pm on the 21st of June, the orders will be forced to be closed by our system.
To avoid the risk of any unexpected loss, please make sure to take any necessary actions in advance. It is recommended that you balance your order with the Future Crude Oil CL-OIL orders (Future Crude Oil has an extension between 19th -23rd every month).
Q: How does the changes affecting my future trading?
A: After the changes take place effectively, the spreads and commissions will remain unchanged under the same contract volume. However, because the contract volume corresponding to one lot changes, the corresponding margin usage and point value will be 10 times more than before.
Q: What changes do I need to make to my account?
A: Be well noted of the changes. If use any EA strategies, please make sure the setting adjustment have been made accordingly.
Q: In addition to the changes that mentioned above, are there any changes in spreads and fees?
A: No, the changes are related to the rules of the product contract only. The spreads remain unchanged; the fees remain same under the same contract.
We apologize for any inconvenience that may cause due to these changes. Please feel free to contact our online customer service or call us at 400-020-6699 or email us at [email protected] in case of any questions.