The LMFX gold and silver contracts give you access to the precious metals markets 24 hours a day, 5 days a week.
With prices in both these products being quoted in the EUR and USD base currencies, you are able to remove any currency impact on your trading account allowing you to profit from the movement in the market.
With our competitive Oil spreads you are able to invest in the oil based markets without having to worry about anything else other than the price movements. The financing of positions in the Oil markets is made easier through the use of leverage.
|Metals ***||Typical Spread||Swap Short||Swap Long||Limit and Stop Levels||Used Margin in this example *||1 pip value per 1 lot||Size of 1 lot|
|XAGEUR||0.4||-0.08||-0.10||10||1% Notional Value**||EURO 10||1000 Ounces|
|XAGUSD||0.6||-0.11||-0.11||10||1% Notional Value**||USD 10||1000 Ounces|
|XAUEUR||5.5||-0.50||-2.20||22||1% Notional Value**||EURO 1||100 Ounces|
|XAUUSD||2||-1.71||-2.67||30||1% Notional Value**||USD 1||100 Ounces|
|UKOIL||0.7||-1||-1||0.05||$100/EUR75 per lot||USD 1||100 Barrels|
|USOIL||1.1||-1||-1||0.10||$100/EUR75 per lot||USD 1||100 Barrels|
|NGAS||1.1||-1.5||-2||7||$50/EUR45 per lot||USD 1||1000 MMBtu|
* Margin Based on a position size of 1 lot
** Margin of $100/lot is calculated based on 400:1 leverage account.
*** Notional Value equals the number of Ounces multiplied by price
**** Leverage on Metal products is always fixed at 1:100
Gold - 1 lot = 100 ounces
0.1 lot = 10 ounces
0.01 lot = 1 ounce
MARGIN WILL NOW BE CALCULATED AS THE FOLLOWING:
Notional Value = Number of ounces * Current Market Price
For example if an account open 1 lot (or 100 ounces) of gold the required margin will be the following:
100 * 1585 /100 = $1585
The pip value for a 1 lot position is $1 per pip
|Trading Product||Trading Hours (GMT+2)||Break Time (GMT+2)|
|XAGEUR||Mon 01:00 - Fri 23:45||Daily 00:00 until 01:00|
|XAGUSD||Mon 01:00 - Fri 23:45||Daily 00:00 until 01:00|
|XAUEUR||Mon 01:00 - Fri 23:45||Daily 00:00 until 01:00|
|XAUUSD||Mon 01:00 - Fri 23:45||Daily 00:00 until 01:00|
|UKOIL||Mon 03:00 - Fri 23:45||Daily 00:15 until 03:00|
|USOIL||Mon 01:00 - Fri 23:45||Daily 00:15 until 01:00|
Attention: 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 will not be executed during these times.
All Metals and Oil contracts are subject to an overnight SWAP with triple SWAPS being applied on the positions held over a Wednesday.
Please note that Gold and Silver SWAPs are factored as pips/lot, whilst both Oil contracts are in USD.