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
XAUUSD 32 -0.72 -3.41 0.30 1% Notional Value*** $1 USD 100 Ounces
XAGUSD 5 -1.08 -1.10 0.10 1% Notional Value*** $10 USD 1000 Ounces
XAUEUR 32 0.00 -2.93 -2.93 1% Notional Value*** EURO 1 100 Ounces
XAGEUR 14 -0.11 -0.99 0.10 1% Notional Value*** EURO 10 1000 Ounces
USOil 5 -1 -1 0.10 USD$100 per lot** $1 USD 100 barrels
UKOil 5 -1 -1 0.05 USD$100 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

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 00:45 Daily 00:15 until 03:00

Contract Expiration Dates

UK Oil US Oil
15/01/2014 16/01/2014
12/02/2014 18/02/2014
13/03/2014 18/03/2014
14/04/2014 17/04/2014
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

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.