Does IBKR offer fractional (1/10th) future purchases on Brent Crude (NYMEX:BZ) Been Googling around but can't seem to find a straight answer. Thx.
Not for BZ but for some other energy futures are "micro" versions available: https://www.interactivebrokers.com/en/index.php?f=2222&exch=nymex&showcategories=FUTGRP For example: MCL is the micro version of CL.
Did you say "easy money"? Energy futures (crude, nat gas, etc) are probably the most volatile market in the futures category. If you're not already familiar with these futures, don't even bother. Just go with one of these ETFs: United States Oil Fund LP: (NYSE Arca: USO) United States Brent Oil Fund LP Horizons Crude Oil ETF: (HUC) ProShares Ultra Bloomberg Crude Oil: (UCO) Invesco DB Oil Fund: (DBO) ProShares UltraShort Bloomberg Crude Oil: (SCO)
I mean Brent crude is mainly traded in ICE Europe and WTI crude in NYMEX. There are other types of crude oil / Exchanges dealing with oil eg Oman crude oil from DGCX Dubai gold and commodities exchange eg Sour crude oil from Shanghai International Energy Exchange INE eg Dubai crude oil from Osaka Commodity Derivatives Exchange etc etc etc