Trade Energies
The most traded energy on the commodity exchanges is the US crude oil grade West Texas Intermediate (abbreviated: WTI; GBE symbol: USOIL.c). Example: You assume that the price of USOIL.c will rise from the current price of USD 70 per barrel. You decide to buy 1 CFD USOIL.c for USD 70. After some time, the value of USOIL.c rises to USD 75. If you decide to close your position at the price of USD 75 the difference of USD 5 is your profit. And vice versa. As with all CFD products, you are not entitled to delivery of the WTI crude oil, you can only participate in the price fluctuations.
* Please note that the value of the products may change. The examples on our website are hypothetical and should not be used as guidance or advice. You can always contact our team if you have a question.
How high are the commissions?
Trading energies at GBE is commission-free.What does the “.c” at the end of the symbol mean?
The small “.c” with the dot as the symbol ending stands for “Cash” (e.g. “UKOIL.c”) and serves as a symbol differentiation to our futures products which are labelled with a month code and the last two digits of the year at the end of the symbol (e.g. UKOIL.H24). The expiry dates of our futures products can be found here or under the main menu “Trading Products” under “General Information”.Where can I find the market letter “Elbblick”?
Our weekly market letter “Elbblick” is only available in German and can be found under the tab “Tools” under “Analyses” or here.Are there any costs involved in opening an account?
No. You can open and manage accounts with GBE brokers free of charge. This applies to both live and demo accounts. However, please remember that demo accounts are closed after 21 days of inactivity. If you hold your trading positions overnight, your positions will incur swap fees based on the currency pair or CFDs you trade.What is the difference between MetaTrader 4 (MT4) and MetaTrader 5 (MT5)?
Both platforms are very similar in their basic functions, but there are some differences:- different number of time levels and indicators
- different number of order types
- different programming languages (MQL4, MQL5)
Are there any additional costs for depositing?
GBE brokers does not charge any fees or commissions for deposits or withdrawals. Such fees are charged by payment service providers like PayPal, Visa, Neteller etc. Credit card deposits may incur additional fees due to exchange rate differences. These fees are charged by the banks, not by us. For an overview of our deposit and withdrawal methods and the fees involved, please click here.
The below table includes all the CFD-Fuels we offer
| Symbol | Currency Base | Description | Margin | Swap Long | Swap Short | Spread | Trading Hours * |
|---|---|---|---|---|---|---|---|
| UKOIL.c | USD | Crude Oil Brent Cash | 10% | -48.772 | -53.763 | 0.41 | view
|
| WTI_OIL | USD | West Texas Intermediate Crude Oil cash | 10% | -36.95 | -41.975 | 0.45 | view
|
| USOIL.C | USD | West Texas Intermediate Crude Oil cash | 10% | -36.95 | -41.975 | 0.31 | view
|
*GMT + 2 Hours
*In regards to Futures Symbols please read the Expiration Dates. Future Symbols can be identified by the month code and the last two digits of the year (e.g. DE40.M24).
Further information on the specifications of the CFD products can be found in our product specifications.
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