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How the world’s biggest oil trader makes his billions – Vitol Group. Part 5
Instead of paying a fine by refusing to admit guilt, Vitol agreed to a plea bargain in New York State Supreme Court. Other companies, including Chevron, were going through similar civil and criminal proceedings at the time, but few pleaded guilty. Taylor says: “We went to this to protect our own staff” He believes that otherwise prosecutors could have charged individual traders. Another storm erupted around the company in 2012, when Vitol purchased Iranian oil to circumvent US and EU sanctions. Vitol, which used its subsidiary in Bahrain for the deal, denied guilt. Nevertheless, this episode was a watershed for the company. After suffering negative reactions from CIM and some…
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Black Friday 2022. The long-awaited sale of the year!
Dear traders, we prepared for you the long-awaited sale of the year! Use the promo code: fridaypractice to get 30% discount on every Practice Session purchase or extend your current Recruitment program (works both for Practice and Qualifying Session accounts). And the promo code: fridayrestart let you get 15% off on every Restart of Practice or Qualifying Sessions. Please enter promo codes in lower case. Buy or extend your Recruitment program at any time from today to 23:59 UTC 30.11.2022 (00:59 CET 01.12.2022). All account sizes included. Please note that you can use the promo codes several times. Also, we’d like to remind you that the Practice Session Start day can be moved…
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Micro Crude Oil – Now Available for Trading!
This product has the symbol MCL. One MCL contract is equal to a 0.1 CL contract. The maximum position size is 10 times more than CL. The total commission per round is $ 1.34.
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December 15, 17 day contest terms and prizes
Dear traders, we are announcing day contests on Dec 15 and 17! *To participate in Contests, pre-registration is required (opens 8 hours before each Contest starts) For each of these afternoon Contests, a full day of Volfix platform use will be granted. However, in order to make this possible, Registration will open on the day of the Contest. The first Contest is scheduled for Tuesday, December 15th. Registration will open on December 15 at 00:00 UTC (December 14 at 06:00 p.m. Chicago time; December 15 01:00 a.m. CET) and will continue until 07:59 UTC (01:59 a.m. Chicago time; December 15 8:59 a.m. CET). The Contest itself will begin at 08:00 UTC (02:00 a.m.…
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FDAX margin requirements
When trading FDAX with LMI, you have to keep in mind how we calculate the buy power for the products allowed to trade. For any product except FDAX, the margin requirement is $10,000 per 1 lot traded. However, for FDAX, the margin requirement is $ 25,000 per one lot traded. Therefore, the buy power for FDAX is always 2.5 lower than for any other product available for trading. That has to be considered when you look at the scaling plan for both the Qualifying and Funded session. E.g. if the scaling plan says you can start trading 3 lots on your account, it means that we allow you to use…
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Christmas Sale: Get funded in 2020
Christmas promo code: holidayspirit19 Gives you a 30% off for any Practice Session of your choice. Promo code also gives you 30% off for extending your Practice or Qualifying Session subscription. *As soon as you pass the Practice Session (first stage of our Traders’ Recruitment program), you will automatically get the Qualifying Session account (stage 2 of our Traders’ Recruitment program). You can trade your Qualifying Session FREE for the first month (15 days for the Mini account). Your goal is to pass both stages hassle-free. Our goal is to get you funded, guaranteed. *Full access to Volfix Platform is included with both Practice and Qualifying Session. You can start…
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New content will be soon
New content will be soon
