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Spot metals
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Your own gold reserves

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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 1:50 to 1:200. 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 1.2 cents 40 -0,04 -0,02 5 000 oz tr 50 oz tr 12,5 oz tr 5 USD 0,15 oz tr Mon: 0100 — 0000
Tue: 0100 — 0000
Wed: 0100 — 0000
Thu: 0100 — 0000
Fri: 0100 — 2355
XAU/USD 15 cents 40 -0,69 -0,29 100 oz tr 1 oz tr 0,25 oz tr 1 USD 0,01 oz tr Mon: 0100 — 0000
Tue: 0100 — 0000
Wed: 0100 — 0000
Thu: 0100 — 0000
Fri: 0100 — 2355
Ticker Minimum spread Typical spread1 Max volume2 Swap3 Standard lot size Collateral Collateral for lock position4 One point value EET trading hours
Long Short
GOLD 4 5 40 -0,69 -0,29 100 oz tr 2 oz tr 0,5 oz tr 10 USD Mon: 0100 — 0000
Tue: 0100 — 0000
Wed: 0100 — 0000
Thu: 0100 — 0000
Fri: 0100 — 2355
SILVER 4 5 40 -0,04 -0,02 5 000 oz tr 100 oz tr 25 oz tr 50 USD Mon: 0100 — 0000
Tue: 0100 — 0000
Wed: 0100 — 0000
Thu: 0100 — 0000
Fri: 0100 — 2355
Ticker Spread1 Max volume2 Swap3 Standard lot size Collateral Collateral for lock position4 One point value EET trading hours
Long Short
GOLD 5 40 -0,69 -0,29 100 oz tr 2 oz tr 0,5 oz tr 10 USD Mon: 0100 — 0000
Tue: 0100 — 0000
Wed: 0100 — 0000
Thu: 0100 — 0000
Fri: 0100 — 2355
SILVER 5 40 -0,04 -0,02 5 000 oz tr 100 oz tr 25 oz tr 50 USD Mon: 0100 — 0000
Tue: 0100 — 0000
Wed: 0100 — 0000
Thu: 0100 — 0000
Fri: 0100 — 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 40 -0,04 -0,02 5 000 oz tr 166 oz tr 5 USD 0,15 oz tr Mon: 0100 — 0000
Tue: 0100 — 0000
Wed: 0100 — 0000
Thu: 0100 — 0000
Fri: 0100 — 2355
XAU/USD 15 cents 40 -0,69 -0,29 100 oz tr 3,3 oz tr 1 USD 0,01 oz tr Mon: 0100 — 0000
Tue: 0100 — 0000
Wed: 0100 — 0000
Thu: 0100 — 0000
Fri: 0100 — 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. In case of the request for a quote on volume that exceeds the maximum limit (for example, 50 million XAG/USD lots) the client will be offered the extended spread. Please note that the request for a quote on the volume that exceeds the maximum limit can only be accepted through a telephone call.

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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