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Home > Trading terms > Gold

Trading terms
Gold


Spot of precious metals


Leverage * 1:50
Minimum position 0.01 lot
(1 lot = 100 troy ounces)
Commissions None
Minimum deposit None
Work time* 1am - 12pm
Spread Gold - Market
Silver - Market
Palladium - Market
Platinum - Market
Instrument Swap Long position
(in points)
Swap Short position
(in points)
GOLD -9.5
/-0.095$ for 1 troy oz./
2.02
/0.0202$ for 1 troy oz./
Silver -1.49
/-0.00149$ for 1 troy oz./
-1.28
/-0.00128$ for 1 troy oz./
Paladium 2.3
/0.023$ for 1 troy oz./
-44.16
/-0.44$ for 1 troy oz./
Platinum -12.37
/-0.1237$ for 1 troy oz./
-2.82
/-0.0282$ for 1 troy oz./

* Last decimal place.

Example:
Long 0.5 lot Gold, Swap is equal: 0.5 lot х 100 /size of 1 lot/ х -0.028 /-2.8 points х 0.01 - last decimal place in Gold's quote/ = -1.4$ per day.
Long 1.8 lots Silver, Swap is equal: 1.8 lots х 100 /size of 1 lot/ х -0.00096 /-0.96 points х 0.001 - last decimal place in Silver's quote/ = -0.17$ per day.


* Server time GMT +2

Every night between 02.00 and 02.20 Meta Trader servers implement regular optimization about 2-10 minutes. During this time orders are not accepted. Orders can be submitted by phone or chat. In this case the order is placed by a dealer according to client requirements. The dealer has the right to ask for password and various questions aimed to clear client identification. In this case Varchev Finance Ltd. does not accept responsibility for client loses and unrealized profits.