Goldtent TA Paradise

OIL ETFs are all Screwed up !

1. Jonny21 says:

   April 22, 2020 - 11:34 am at 11:34 am

   Absolutely. I wonder if these can also go negative.

2. Patrick says:

   April 22, 2020 - 11:42 am at 11:42 am

   I’m also an Oanda client. They wont go negative. Got this email:
   ”
   Dear valued client,

   Given the recent unprecedented moves in the oil markets, we would like to make you aware of the potential implications on OANDA’s CFD price and your ability to trade it.

   We can confirm that in the scenario where the underlying futures contract price that we are pricing one of our CFDs from turns negative, OANDA`s price will not drop below the minimum price increment for that particular CFD product (for example $0.01 for WTICO).

   As OANDA’s price approaches this minimum level, trading may be halted to prevent any trading activity, or set to reduce-only to prevent any new positions from being opened.

   Whilst we strive to provide as much advance notice as possible regarding changes in trading conditions, we want you to be aware that there may be the need for us to take future action to limit trading with little or no notice to you, including but not limited to increasing margin rates, setting to reduce-only, or halting prices.

   Lastly we would like to remind you to practice caution when taking positions in instruments that are exhibiting extreme volatility with unprecedented price action.

   If you have any questions, you can contact our Client Experience Team whenever markets are open.

   Kind regards,
   The OANDA Team
   “