Important information.

Your IP address belongs to the address group of Russia. We inform you that starting from June 1, 2020, new clients from Russia are not registered. The company does not stop serving clients registered earlier. The change will affect the payments of the agents’ remuneration too. All registrations from June 1, 2020, for clients who are residents of the Russian Federation, will not be counted in the calculation of the agents’ remuneration. If you are a resident of Russia, take into account the fact of regulation of the activities of CFD dealers in the jurisdiction of the resident. In this regard, we inform that the company does not conduct advertising activities on the territory of Russia, has no registered offices under the Bulltraders brand, Bulltraders.com, or the name BT Technologies Ltd. BT Technologies Limited is an international company registered in the territory of the state of Saint Vincent and the Grenadines. By clicking on the "Continue" button, you accept the presence of the company in a foreign jurisdiction, confirm that you are a user who has reached the age of majority, and agree that the company has taken the necessary measures to provide this information to you.

Please accept our apologies. With best regards, Bulltraders.com.

The epidemic of the coronavirus, despite its small scale in numerical terms, gave rise to literally psychological pandemic.

The total fear of a new biological threat brought down the oil market last week and became the occasion for talk about an extraordinary meeting of OPEC.
On Monday, oil prices continued to fall and fell below $ 60 per barrel for the first time in three months. Brent prices fell $ 1.95 per barrel or 3.2% to $ 58.75 per barrel. This is the lowest figure since the end of October. American oil prices fell $ 1.77 per barrel, or 3.3%, to $ 52.42 per barrel. The Chinese government extended the Lunar New Year weekend to February 2 so that as many people as possible stay at home. At the beginning of the week, due to the fears of decrease in oil demand, traders made an assumption that OPEC and its allies will consider the possibility of tightening voluntary restrictions on oil production.

According to sources from OPEC, the cartel intends to extend the restrictions on oil production, at least until June. In addition, there is the possibility of increasing oil production restrictions. The organization began discussions about possible options for stabilizing the situation. The information also appeared that Russia, which had previously expressed its desire to cease to comply with the OPEC agreement, as soon as possible, now intends to comply with the terms of the transaction, at least until the prices are below $ 60 per barrel.

The confirmation of information appeared in the middle of the week. Algerian Energy Minister Mohammed Arkaba told the Algerie Presse Service that the OPEC meeting could take place in the "coming days." The same information was confirmed by a Bloomberg source among cartel delegates. According to him, the meeting may take place at the beginning of next week. Informal negotiations are ongoing, another agency source said. OPEC wants to extend the deal to reduce oil production at least until June, sources in the cartel told to Reuters. In addition, the increase in quotas is also possible - that is, an additional reduction in production, if necessary. The stumbling block will again be the position of Russia, which would like to withdraw from the OPEC + agreement. However, if oil continues to trade below $ 60 per barrel, Moscow will have to stay, a source familiar with the position of the Russian Federation told Reuters.

Commodity analyst of VI Investment Will Sunchil Yun believes that the impact on global oil demand and economic growth could be more serious than during the SARS epidemic in 2003, as the role of China and Asia in the global economy has increased. The critical mark is $ 50 per barrel of WTI, he said: if prices manage to break it, there will be a risk of mass liquidation of positions in the futures market, which will fail quotes sharply down. OANDA Senior Market Analyst Jeffrey Holly notes that the outbreak coincided with the presence of very large oil reserves in the market, and if OPEC does not take emergency action, the prices may continue to slide down.

At the end of the week, Moody`s rating agency released a study in which it is not excluded that the Chinese coronavirus could have more serious consequences for the global economy than the financial crisis of 2008-2010. Agency analysts believe that, unlike the crisis that some experts had foreseen in advance, the epidemic of the virus collapsed unexpectedly for everyone and had a negative impact on some important indicators of the future development of the economy.

 

Company news

01.06.2020 Stop of registration for residents of the Russian Federation Read more ...
16.04.2020 Switching to floating spreads Read more ...
16.04.2020 PC terminal stops Read more ...
10.04.2020 Changes in trading conditions for CFD-instruments for US securities Read more ...
10.04.2020 Temporary closing of trading on a number of instruments Read more ...
Show all

Expert view

27.09.2020 Libya to renew oil production Read more ...
07.09.2020 Rally of technology sector Read more ...
07.09.2020 When will oil demand recover? Read more ...
30.08.2020 Positive week at the US stock market Read more ...
30.08.2020 Hurricaine in the Gulf of Mexico Read more ...
Show all

The payment services are provided by Cauri LTD, 20-22 Wenlock Road, London, N1 7GU, UK, registered number 09507138
(check https://register.fca.org.uk), Win Pay (check http://win-pay.biz).

RISK WARNING STATEMENT. TO ATTENTION OF TRADERS AND INVESTORS!

Our services include products that are traded on margin and carry a risk that you can lose more than your initial deposit. The products may not be suitable for everyone - please ensure you fully understand the risks involved. There is a high level of risk involved with trading leveraged products such as forex and CFDs. You should not risk more than you can afford to lose, it is possible that you may lose more than your initial investment. You should not trade unless you fully understand the true extent of your exposure to the risk of loss. When trading, you must always take into consideration your level of experience. It is the responsibility of the Client to ensure that the Client can accept the Services and/or enter into the Transactions in the country in which the Client is resident. If the risks involved seem unclear to you, please seek independent advice.

 

CLIENT AGREEMENT PDF
PRIVACY POLICY PDF
RISK DISCLOSURE STATEMENT PDF
REFUND AND RETURN POLICY
AML&KYC POLICIES PDF
KYT POLICY PDF
FRAUD VERIFICATION PROCEDURE PDF
REGULATIONS OF TRADING PDF
RESPONSIBLE ATTITUDE