METALS AND ENERGIES
Metals Specifications
Metals trading usually involves gold and silver. Metals trading is closely linked to the outlook for the overall global economy and major currencies.
Symbol | Description | Lot Size | Digits | Margin Percentage | Swap Short | Swap Long | Spread | Trading Session (Server time) |
---|---|---|---|---|---|---|---|---|
XAUEUR | Gold/Euro | 100 | 2 | 100% | -1 | -99 | 2.8 | 01:05 -23:55 |
XAUUSD | Gold/US Dollar | 100 | 2 | 100% | -6.7 | -17.9 | 2.1 | 01:05 -23:55 |
XAGUSD | Silver/US Dollar | 100 | 2 | 100% | 0.54 | -1.48 | 2.5 | 01:05 -23:55 |
Energy Specifications
Energy trading involves products like crude oil, natural gas and wind power. Since these commodities often fluctuate abruptly they can be attractive to speculators.
Symbol | Description | Lot Size | Digits | Margin Percentage | Swap Short | Swap Long | Spread | Trading Session (Server time) |
---|---|---|---|---|---|---|---|---|
NGAS | Natural gas spot | 100 | 3 | 50% | -15 | -20 | 1.3 | 01:05 -23:55 |
USOIL | Crude Oil(WTI) | 100 | 2 | 50% | -0.8 | -1.9 | 1.4 | 01:05 -23:55 |
UKOIL | Crude Oil(Brent) | 100 | 2 | 50% | -0.9 | -3.4 | 1.2 | 01:05 -23:55 |
IMPORTANT
1. Swaps values may be adjusted daily based on market conditions and rates provided by our Price Provider applicable to all open positions.
Triple swaps are applied every Wednesday.
2. Server Times: Winter: GMT+2 and Summer: GMT+3 (DST) (last Sunday of March and ends last Sunday of October).
3. All Pending Orders will be force closed during market breaks. In case any order is left pending, it will be automatically deleted on market close Friday.
Calculating Metals Margin Requirements – Example
Account base currency: USD
Position: Open 10 lot BUY XAUUSD at 1924.449
1 Lot Size: 100 Ounces
Leverage Limit: 1:200
Notional Value is: 10 × 100 × 1924.449 = 1924449 USD
Margin required is: 1924449/200 = 9622.245 USD
Calculating Energies Margin Requirements – Example
Account base currency: USD
Position: Open 10 lots BUY USOIL at 43.20
1 Lot Size: 100 Barrels
Margin requirement: 2% of Notional Value
Notional Value is: 10 × 100 × 43.20 = 43200 USD
Margin required is: 43,200 USD / 0.02 = 864 USD