The margin requirement for City Index’s oil markets – including US Crude and UK Crude – is 10%. That means you’ll need 10% of your position’s total value in your account in order to open a trade.
Say, for example, that you want to buy three UK Crude CFDs at $8653. Your total position is worth (8653 * 3) $25,959, so you’ll need $2,595 in your account as margin. The City Index will automatically convert that figure into your base currency, and display it on the deal ticket, so you’ll always know how much you need to make a trade.
You can find margin requirements for every market we offer in the City Index platform, which you can access with a free demo account.