Contract Specifications for Spot Metals

Spot Precious Metals Contract Specifications

Notes

• The terms referencing trading on precious metals, gold and silver as mentioned on the Company’s website refer to CFDs on Precious Metals.
• The margins on precious metals are fixed so apply irrespective of MetaTrader account leverage.
• Dynamic margin applies, so additional margin may be required for large trades.

Spreads

• The spreads offered can be found in the platform. To do so, right-click in the Market Watch window and select the Spread option under the Columns sub-menu. A column will appear in the Market Watch table with the spread in pts.
• The spreads are floating as they are based on an ECN feed. So, they could widen during times of volatility or low liquidity.
• We reserve the right to change the spread in a reasonable way should it become necessary due to prevailing market conditions.

Swap rates

• The swap rates can be found in the platform. To do so, right-click on the respective symbol in the Market Watch window and select the Specification option. A dialog box will appear with the swap rates under the Swap long and Swap short columns.
• The swap rates are updated on a daily basis so clients should expect the swap rates received/charged to fluctuate.
• The daily swap rates shown in the platform are charged seven times per week. Since the platform does not charge swaps on Saturday and Sunday nights the daily swap fee is applied three times on a specific weekday to compensate for this. The actual night that three daily swaps will be applied for a particular symbol can be found in the Specification dialog box under the 3-days swap column.