GeminiCap Announcement of Upcoming Changes on Spot Crude Oil Contract

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):

  • June 7th: Release the announcement of the change
  • June13th: USOUSD will be set as Read-Only mode (orders can be closed, but no new order can be placed)
  • June 21st: All USOUSD orders need to be closed before 22:00pm; any unclosed orders by then will be forced to close by the system. There are no changes to Future Crude Oil; CL-OIL trading can be performed normally.
  • June 25th: Resume to normal trading mode.

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.

Risk Warning

All investments entail risks and may result in both profits and losses. In particular, trading leveraged derivative products such as Foreign Exchange (Forex) and Contracts for Difference (CFDs) carries a high level of risk to your capital. All these derivative products, many of which are leveraged, may not be appropriate for all investors. The effect of leverage is that both gains and losses are magnified. The prices of leveraged derivative products may change to your disadvantage very quickly, it is possible for you to lose more than your invested capital and you may be required to make further payments. It is important that you understand that with investments, your capital is at risk. Past performance is not a guide to future performance. It is your responsibility to ensure that you make an informed decision about whether or not to invest with us. Before deciding to invest in any financial product, you should carefully consider your investment objectives, trading knowledge and experience and affordability. You should seek independent professional financial advice for you do not understand the risks involved. You should only trade in Forex and CFDs if you have sufficient knowledge and experience of the risks involved in trading such products and if you are dealing with money that you can afford to lose. Gemini Capital Markets assumes no liability for any loss sustained from trading in accordance with a recommendation. This website, including the information and materials contained in it, are not directed at, or intended for distribution to or use by, any person or entity who is a citizen or resident of or located in the United States, Belgium or any other jurisdiction where such distribution, publication, availability or use would be contrary to applicable law or regulation.

The Top and Bottom Performers data is provided by third party provider and TC technical analysis tool is provided by TRADING CENTRAL. The information in this website is of a general nature only and may contain advice that is not based on your personal objectives, financial situation or needs. GeminiCap is not responsible for the accuracy, adequacy or completeness of any information, analysis commentary, opinions and in the research report. And does not provide any form (whether express or implied) of warranty. Also, GeminiCap is not responsible for direct or indirect losses caused by any interruption, delay, omissions, and any consequences caused by the action relying on or referring to the content of the information.

Gemini Capital Markets ('GeminiCap') is a registered trading name of IX Capital Group Limited which is authorized and regulated by the Securities Commission of The Bahamas ('SCB') under Registration Number SIA-F188. We are permitted by the SCB to deal, arrange and manage securities. GeminiCap is governed and operates in accordance with the laws and regulations of The Bahamas. Our registered office is located at No. 109 Church Street, Sandyport, PO Box SP-62756, Marina Village, Nassau, The Bahamas.

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