In order to open a live account, you will need to register your profile by clicking on any of the “open live account” buttons throughout the website or directly via this link: https://my.xs.com/register
Please allow our onboarding team up to one business day to verify your documents and approve your account. However we always aim to have your account open within few hours.
In order to review your account, we will require the below documents: Proof of Identity – a coloured copy of your travel passport containing your photograph, full name, valid expiry date and your signature. (If no valid passport is available, please upload a similar identification document such as National ID card or Driving license) Proof of Address – a recent utility bill (e.g. electricity, gas, water, waste disposal, Internet or a Bank Statement) dated within the last 6 months and confirming your name and the registered address.
This is due to obligatory ‘Know your Client’ (KYC) procedures that we must follow, in accordance with international Anti Money Laundering (AML) regulations
Log in to your MT4 platform, go to the Market watch window, right click and select “Show all”. Now, you should be able to see all instruments available for trading.
All trading involves risk. It is possible to lose all your capital.
Trade Energies with XSTrades
Trading energy CFDs (“contracts for difference”) is one of the most common ways to diversify your portfolio and/or hedge risks. Energy CFD products are attractive to speculators due to their high volatility and because traders do not worry about physical delivery and ownership. XSTrades offers to its clients the opportunity to trade these products with market-leading spreads.
How does Energy trading work?
Energy products CFDs such as Brent and WTI, are sold on futures and spot markets. Their value is determined by demand and supply factors. An advantage of such as crude oil CFD is the benefit of trading freely without owning the actual asset. This gives you the flexibility to trade against the price movements without having to buy or sell the actual instrument.
The demand in general is impacted by broader factors such as global economic outlook, financial cycles, population increase, inflation and even wars. In the case of oil, it is also affected by OPEC, who influences the supply side.
Energy Trading Example
The underlying asset is WTI spot oil.
Let us suppose that WTI is trading at: $80.50
You decide to buy 1000 barrels of WTI (this is equivalent to 1 lot) because you believe that the energy prices will rise in the future.
In our example, the price moves in your favour and WTI rises to 81.50. You could close your 1 lot position at this level and have a winning trade. But, had the price declined instead moving against your prediction, you may had resulted in a loss.
The gross profit on your trade is calculated as follows: