What are Metals?
Precious metals or gold in particular, have always been associated with monetary wealth since ancient times and tend to hold their value over long periods of time. Thus providing a long-term safe haven for commodity traders.
Advantages of trading Metals with DCFX
|Instrument||Size of 1 Lot||Pip Value||Swap (Long/Short)|
Silver / US Dollar
5000 Troy Ounces
Gold / US Dollar
100 Troy Ounces
Trading Session (UTC+3)
|XAGUSD||MON 01:05||FRI 23:57||--|
|XAUUSD||MON 01:05||FRI 23:57||--|
Transaction Terms and Conditions
- a.Bid or Offer only one side.b.Spread between Bid and Offer is more than normal spread who settled by Liquid Providerc. Political news, economic news, terrorism,natural disaster, etc. could make prices hectic then as usual.
If there is a price error (wrong quote) on the system, the company has the right to cancel the transaction that occurs with or without the consent of the customer.
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. Swaps for XAU and XAG swaps are expressed in pips per 1 lot.
Server Times: Winter: GMT+2 and Summer: GMT+3 (DST) (last Sunday of March and ends last Sunday of October).
During the time period from 23:55 to 00:05 server time increased spreads and decreased liquidity can take place due to daily bank rollover. In case of inadequate liquidity/spreads during bank rollover, widened spreads and excessive slippage may occur. Therefore orders may not be executed during these times.
Calculating Metals Margin Requirements
|Account base currency:||USD|
|Position||Open 10 lots BUY XAUUSD at 1,316.99|
|Size of 1 Lot:||100 Troy Ounces|
|Maintenance Margin:||200 USD per lot|
|Margin required is:||10*200=2,000 USD|