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Spot metals
Open demo account

Your own gold reserves

Gold and silver

  • Eternal values
  • Low spreads
  • A chance to hedge your currency assets
  • Haven in times of financial storms
  • Short-term speculation
  • Long-term investment

Spot-metals trading rules

How much does the troy ounce weigh

Although gold trading is conducted in troy ounces, central banks usually use tons in their reports.

The minimum amount of contract is 100 ounce for Gold and 500 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. 

The leverage varies from 1:1 to 1:400. Spread is 5 USD per contract both for gold and silver. 

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)



Contracts specifications

Ticker Typical spread1 Max volume2 Swap3 Standard lot size Collateral Collateral for lock position4 One point value Commission EET trading hours
Long Short
XAG/USD 2 cents 100 -0,03 -0,03 50 oz tr 81 800 cents 20 450 cents 5 cents 0 Mon: 0105 — 2355
Tue: 0105 — 2355
Wed: 0105 — 2355
Thu: 0105 — 2355
Fri: 0105 — 2355
XAU/USD 30 cents 100 -0,5 0,29 1 oz tr 124 420 cents 31 105 cents 1 cents 0 Mon: 0105 — 2355
Tue: 0105 — 2355
Wed: 0105 — 2355
Thu: 0105 — 2355
Fri: 0105 — 2355
Ticker Typical spread1 Max volume2 Swap3 Standard lot size Collateral Collateral for lock position4 One point value Commission EET trading hours
Long Short
XAG/USD 2 cents 5 -0,03 -0,03 5 000 oz tr 5 000 oz tr 1 250 oz tr 5 USD 0 Mon: 0105 — 2355
Tue: 0105 — 2355
Wed: 0105 — 2355
Thu: 0105 — 2355
Fri: 0105 — 2355
XAU/USD 30 cents 5 -0,5 0,29 100 oz tr 100 oz tr 25 oz tr 1 USD 0 Mon: 0105 — 2355
Tue: 0105 — 2355
Wed: 0105 — 2355
Thu: 0105 — 2355
Fri: 0105 — 2355
Ticker Typical spread1 Max volume2 Swap3 Standard lot size Collateral Collateral for lock position4 One point value Commission EET trading hours
Long Short
XAG/USD 1.2 cents 40 -0,03 -0,03 5 000 oz tr 5 000 oz tr 1 250 oz tr 5 USD 0,003 % Mon: 0105 — 2355
Tue: 0105 — 2355
Wed: 0105 — 2355
Thu: 0105 — 2355
Fri: 0105 — 2355
XAU/USD 15 cents 40 -0,5 0,29 100 oz tr 100 oz tr 25 oz tr 1 USD 0,003 % Mon: 0105 — 2355
Tue: 0105 — 2355
Wed: 0105 — 2355
Thu: 0105 — 2355
Fri: 0105 — 2355
Ticker Spread1 Max volume2 Swap3 Standard lot size Collateral Collateral for lock position4 One point value EET trading hours
Long Short
SILVER 5 40 -0,03 -0,03 5 000 oz tr 5 000 oz tr 1 250 oz tr 50 USD Mon: 0105 — 2355
Tue: 0105 — 2355
Wed: 0105 — 2355
Thu: 0105 — 2355
Fri: 0105 — 2355
GOLD 5 40 -0,5 0,29 100 oz tr 100 oz tr 25 oz tr 10 USD Mon: 0105 — 2355
Tue: 0105 — 2355
Wed: 0105 — 2355
Thu: 0105 — 2355
Fri: 0105 — 2355
Ticker Typical spread1 Max volume2 Swap3 Standard lot size Collateral One point value Commission EET trading hours
Long Short
XAG/USD 1.2 cents 20000 -0,03 -0,03 50 oz tr 0,5 oz tr 0,05 USD 0,003 % Mon: 0105 — 2355
Tue: 0105 — 2355
Wed: 0105 — 2355
Thu: 0105 — 2355
Fri: 0105 — 2355
XAU/USD 15 cents 100000 -0,5 0,29 1 oz tr 0,01 oz tr 0,01 USD 0,003 % Mon: 0105 — 2355
Tue: 0105 — 2355
Wed: 0105 — 2355
Thu: 0105 — 2355
Fri: 0105 — 2355

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.

  • The weight of the bullion should be 250-400 troy ounces
  • Minimum acceptable fineness is 995.0 parts per 1,000 parts fine gold.
  • A bullion should be flawless and have even surface.
  • The bars should have a stamp of the producer* with weight in multiples of 0.025 oz rounded down to the nearest multiple.

 

* Only gold producers from London good delivery list – List of acceptable melters and assayers are eligible to stamp.

1 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.

2 Maximum volume of a transaction expressed in lot. 

3 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.

4 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.

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