Commodities

Trade the global commodities with PhillipCapital UK, with clear financing. Go long or short on oil contracts, natural gas, copper and precious metals to gain exposure to market fluctuations

2018 Daylight Saving March & April

Commodities

Expiry Dates

Contract expiry

CFD contracts

PhillipCapital UK offer CFD contracts in Oil, Copper and Natural gas which are derived from the futures market. Each month, the contracts for UKOil, USOil, NGas and Copper will expire and the new month’s contract will begin trading. As a result, clients positions will need to be liquidated prior to the expiry of the contract.

Clients who do not liquidate their own position by the cut off time will have their position liquidated by PhillipCapital UK at the relevant market price; the only consequence of this is the client will realise any floating P/L at the time it is closed. It is then up to the client to reinstate a position for the next month’s contract if they wish to do so. The expiry dates for the contracts will be updated on this section of the website regularly.

Our Proccess

In the days before expiry, PhillipCapital UK will:

Contact clients with positions still open
Close all open positions at market price on the expiry date as per the table above at the following times:

  • UK Oil – 21:30
  • US Oil - 21:30
  • NGAS – 21:30
  • Copper – 21:30

All working orders will be cancelled. Note: Clients will only be able to liquidate positions on the day prior to expiry.

Start the right way

We’ve removed as many unnecessary barriers as we can, making it as easy and simple as possible to start trading

CFDs (including FX) are investment activity leveraged products which carry a high degree of risk and are not suitable for every investor.
Trading in leverage instruments can result in losses that may exceed your deposits, so please ensure that you fully understand the risks involved before you engage in any investment activity. Telephone calls and online chat conversations may be recorded and maintained. The information on this site is not directed at residents of the United States of America and is not intended for distribution to or for use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation. PhillipCapital UK Limited (Company Number: 2863591). Registered Office: 6th Floor, Candlewick House, 120 Cannon Street, London, EC4N 6AS. Registered in England and part of the PhillipCapital Group is authorised and Regulated by the Financial Conduct Authority, 25 The North Colonnade, Canary Wharf, London, E14 5HS. (Reference Number: 169760)
Whilst every effort has been made to ensure the accuracy of the website, this information is subject to change, often without notice and therefore is for guidance only. If you ever have any questions please contact PhillipCapital UK directly.
This website has been drafted in the English language, but may be translated by Google Translate or other translation means. Where the website has been translated, in the event of any discrepancy between the meaning of the translated version of the website and the English language version, the English language version shall prevail.