Metals Trading
Metals trading usually involves gold and Precious Metals. Metals trading is closely linked to the outlook for the overall global economy and major currencies.
| Trading Symbol | Contract size | Minimum tradable lot | Maximum opening lot | Monetary value of a pip (lot) | Leverage* | Stop out level | Trading hours * |
|---|---|---|---|---|---|---|---|
| XAUUSD(Gold) | 100 oz. | 0.01 | 10 | 1 USD | Up to 400 | 50% | GMT+2 Time 00:05-23:55 / Mon-Fri |
| XAGUSD(Silver) | 2500 oz. | 0.01 | 10 | 2.5 USD | Up to 400 | 50% | GMT+2 Time 00:05-23:55 / Mon-Fri |
Gold CFDs Future
| Trading Symbol | Contract size | Minimum tradable lot | Maximum opening lot | Monetary value of a pip (lot) | Leverage* | Stop out level | Trading hours * |
|---|---|---|---|---|---|---|---|
| Goldft | 100 oz. | 0.01 | 10 | 1 USD | Up to 100 | 50% | GMT+2 Time 00:05-22:55 / Mon-Fri |
| Gold-CONTRACT MONTH | Last Trade day | Last Trade Day (CJC) |
|---|---|---|
| Nov-20 | 26-Nov-20 | 26-Nov-20 |
WTI CFDs
| Trading Symbol | Contract size | Minimum tradable lot | Maximum opening lot | Monetary value of a pip (lot) | Leverage* | Stop out level | Trading hours * |
|---|---|---|---|---|---|---|---|
| US Oil | 100 | 0.1 | 100 | 1 USD | Up to 400 | 50.00% | GMT+2 Time 01:05-23:55 / Mon-Thur；GMT+2 Time 01:05-23:40 /Fri |
| US Oil-CONTRACT MONTH | Last Trade day (CME) | Last Trade Day (CJC) |
|---|---|---|
| Sep-20 | 20-Aug-20 | 18-Aug-20 |
| Oct-20 | 22-Sep-20 | 18-Sep-20 |
| Nov-20 | 20-Oct-20 | 16-Oct-20 |
| Dec-20 | 20-Nov-20 | 18-Nov-20 |
| Jan-21 | 21-Dec-20 | 17-Dec-20 |
| Feb-21 | 20-Jan-21 | 18-Jan-21 |
| Mar-21 | 22-Feb-21 | 18-Feb-21 |
| Apr-21 | 22-Mar-21 | 18-Mar-21 |
| May-21 | 20-Apr-21 | 16-Apr-21 |
| Jun-21 | 20-May-21 | 18-May-21 |
| Jul-21 | 22-Jun-21 | 18-Jun-21 |
| Aug-21 | 20-Jul-21 | 16-Jul-21 |
| Sep-21 | 20-Aug-21 | 18-Aug-21 |
| Oct-21 | 21-Sep-21 | 17-Sep-21 |
| Nov-21 | 20-Oct-21 | 18-Oct-21 |
| Dec-21 | 19-Nov-21 | 17-Nov-21 |
WTI- SPOT
| Trading Symbol | Contract size | Minimum tradable lot | Maximum opening lot | Monetary value of a pip (lot) | Leverage* | Stop out level | Trading hours * |
|---|---|---|---|---|---|---|---|
| WTIUSD | 100 | 0.1 | 100 | 1 USD | Up to 400 | 50% | GMT+2 Time 01:05-23:55 / Mon-Thur；GMT+2 Time 01:05-23:40 /Fri |
| BRNUSD | 100 | 0.1 | 100 | 1 USD | Up to 400 | 50% | GMT+2 Time 03:05-23:55 / Mon-Thur；GMT+2 Time 03:05-23:40 /Fri |
- Maximum net position is 100 lots
- Trading hours may vary based on Daylight Saving Time schema correspondingly. Please check the platform product specifications for specific trading hours.
- Leverage is adjusted according to the market condition.
Trading Gold and other Precious Metals
There are several factors that affect price fluctuation and that can cause volatility in the precious metals market. One of the most important factors is global financial institutions, whose investments are speculative in nature and can cause upward or downward price movements. Another factor that influences the market is the end-user trends, mainly triggered by jewellery buyers. In general an increase in demand for jewellery causes precious metal market prices to rise. Economic conditions also have an impact on market prices. Changes in demand for some other financial assets apart from precious metals also contribute to price fluctuations.
Precious metals can be traded in both directions If the market is expected to move upwards trades can be entered by purchasing a metal via a CFD (going long) and exit the trade by selling the metal. If there is anticipation of a downward movement, trades can be entered by selling a metal via a CFD (going short) and exit the trade by buying the metal. The ability to trade in both directions allows investors to gain profits (but also to sustain losses) regardless of upward or downward market movements.