Product Description

Copper is a popular used metal, primarily used in highly cyclical industries such as construction and industrial machinery manufacturing. Chile accounts for over one third of the worlds copper production. In contrast with the precious metals, copper is a lower-priced metal. The price of copper could be affected by: US Dollar, Crude Oil prices (copper refining is an energy-intensive process), Geopolitics, Extraction Costs, Chinese demand and weather.


PARAMETERS Trading Specifications per Account Type
PREMIUM ZERO MICRO VIP AUTO
Typical Spread in quote currency per unit 0.005 0.005 0.005 0.005 0.005
Size of 1 lot 25,000 Lbs 25,000 Lbs 25,000 Lbs 25,000 Lbs 25,000 Lbs
Minimum Contract size, lots 0.01 0.01 0.01 0.1 0.01
Maximum Contract size, lots 60.0 60.0 60.0 80.0 60.0
Tick value per 1 lot 12,50 USD 12,50 USD 12,50 USD 12,50 USD 12,50 USD
Volume limitation n/a n/a n/a n/a n/a
Margin requirement 1500 USD 1500 USD 1500 USD 1500 USD 1500 USD
Minimum Price Increment 0.0005 0.0005 0.0005 0.0005 0.0005
Limit and Stop Levels 0.0003 0.0003 0.0003 0.0003 0.0003
Margin Call / Stop out Level 80 % / 50% 80 % / 50% 40% / 10% 80 % / 50% 80 % / 50%
Negative balance protection Yes Yes Yes Yes Yes
Swap free days allowance 0 0 0 0 0
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