Spot-metals trading rules
The minimum amount of contract is 100 ounce for Gold and 5000 ounce for Silver. Quotes for Gold and Silver are shown in USD and Euro. You can see it from the name of the contracts.
Nowadays prices for Gold and Silver are quoted in USD and Euro.
You can open both long (buy) and short (sell) positions. But remember that if you roll over your position to the following day the swap/rollover is charged. Swap varies depending on the asset and trader’s position (long or short)
Although gold trading is conducted in troy ounces, central banks usually use tons in their reports.
1 Maximum volume of a transaction expressed in lot.
2 The figures in columns represent the quantity of points charged to a customer’s open position if it is rolled over to the following day. These values are calculated based on differences between short-term interest rates. Since the value date is the second business day after a transaction is entered into, Monday next week is the value date for transactions entered on Wednesday. Accordingly, from Wednesday to Thursday swaps are charged in triple size.
3 Collateral for a lock position is calculated as follows: For example, we have an open buy position of 1.0 EUR/USD and a sell position of 1.0 EUR/USD; for this lock position (with leverage of 1 to 100) for МТ4 collateral will be 250 EUR + 250 EUR = 500 EUR.
4 In the period from 23:55 till 00:05 EET (bank rollover) liquidity is reducing, spread and processing time of customer orders may be increased.
Golden bullions
Gold prices are set every day on the London Gold Fixing – a traditional ceremony which gold market-maker banks take part in. Object of the trade is good-deliver bullions – bullions of standardized size and quality.
* Only gold producers from London good delivery list – List of acceptable melters and assayers are eligible to stamp.
Please note that our services are provided only to the residents of the following counties (in alphabetical order): Austria, Bulgaria, British Virgin Islands, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Kazakhstan, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Oman, People's Republic of China, Poland, Portugal, Romania, Russia, Slovakia,Slovenia, Spain, Sweden, Ukraine, United Arab Emirates.
Please feel free to contact out Support in order to get further assistance.