Metals Typical Spread Swap Short
*****
Swap Long
*****
Limit and Stop Levels Used Margin in this example* 1 pip value per 1 lot Size of 1 lot
XAGEUR 10 -0.08 -0.10 0.10 1% Notional Value*** EURO 10 1000 Ounces
XAGUSD 4.5 -0.11 -0.11 0.10 1% Notional Value*** $10 USD 1000 Ounces
XAUEUR 60 -0.50 -2.20 -0.22 1% Notional Value*** EURO 1 100 Ounces
XAUUSD 29 -0.72 -2.50 0.30 1% Notional Value*** $1 USD 100 Ounces
USOil 5 -1 -1 0.10 $100/EUR75 per lot $1 USD 100 barrels
UKOil 5 -1 -1 0.05 $100/EUR75 per lot $1 USD 100 barrels

* Margin Based on a position size of 1 lot
** Margin of $100/lot is calculated based on 400:1 leverage account.
*** Notional Value equals the number of Ounces multiplied by price
**** Leverage on Metal products is always fixed at 1:100
***** Swaps may be adjusted daily based on market conditions and rates provided by our Liquidity Providers applicable to all open positions. Triple swaps are applied every Wednesday. XAU AND XAG swaps are in pips/lots. USOil and UKOil in US Dollars.

Contract sizes for Gold and Silver
Gold - 1 lot = 100 ounces
0.1 lot = 10 ounces
0.01 lot = 1 ounce

Margin will now be calculated as the following:
Notional Value*/100
Notional Value = Number of ounces* Current Market Price

For example if an account open 1 lot (or 100 ounces) of gold the required margin will be the following:
100 * 1585 /100 = $1585
The pip value for a 1 lot position is $1 per pip

 

Trading Hours

Trading Product Trading Hours (GMT+3) Break Time (GMT+3)
XAUUSD Mon 01:00 - Fri 23:45 Daily 00:00 until 01:00
XAGUSD Mon 01:00 - Fri 23:45 Daily 00:00 until 01:00
XAUEUR Mon 01:00 - Fri 23:45 Daily 00:00 until 01:00
XAGEUR Mon 01:00 - Fri 23:45 Daily 00:00 until 01:00
USOIL Mon 01:00 - Fri 23:45 Daily 00:15 until 01:00
UKOIL Mon 03:00 - Fri 23:45 Daily 00:15 until 03:00

Contract Expiration Dates

UK Oil US Oil
14/05/2014 16/05/2014
12/06/2014 18/06/2014
14/07/2014 18/07/2014
13/08/2014 18/08/2014
12/09/2014 18/09/2014
15/10/2014 17/10/2014
12/11/2014 18/11/2014

Attention: During the time period from 23:55 to 00:05 server time increased spreads and decreased liquidity can take place due to daily bank rollover. In case of inadequate liquidity/spreads during bank rollover, widened spreads and excessive slippage may occur. Therefore orders will not be executed during these times.