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 DC

  • Spread starts from 1 pip
  • Access to Gold & Silver
  • Swap Free available
  • Leverage up to 100 : 1

Details

InstrumentSize of 1 LotPip ValueSwap
(Long/Short)
XAGUSD
Silver / US Dollar
5000 Troy Ounces
50 USD Free
XAUUSD
Gold / US Dollar
100 Troy Ounces
10 USD Free
Trading Session (UTC+3)
InstrumentOpenCloseBreak
XAGUSD MON 01:01 FRI 23:57 --
XAUUSD MON 01:01 FRI 23:57 --

Transaction Terms and Conditions

  • 1.Each Transaction will be given a bid price with spread based on live market price.
  • 2. Hectic Market Condition - a situation when the market is in volatile conditions. In this situation, the spread will be based on the conditions of the price movement as well as the quotation submitted by the Liquidity Provider. In some cases, the stop level will also be changed. What is meant by Hectic conditions if at least one of the situations below is met, and not caused by the wrong quote, as follows:
    a.Bid or Offer only one side.
    b.Spread between Bid and Offer is more than normal spread who settled by Liquid Provider.
    c. Political news, economic news, terrorism,natural disaster, etc. could make prices hectic then as usual.
  • 3. When Hectic Market, the ability to transact may be disrupted if the banks and market makers getting slow and do not set the prices, the company has a right to make spread widen according to marketcondition.
  • 4.Each Transaction will be limited by maximum 50 lots.

Wrong Quote

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.

Important

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 Leverage: 100:1
Account base currency: USD
Position Open 10 lots BUY XAUUSD at 1,316.99
Size of 1 Lot: 100 Troy Ounces
Maintenance Margin: 200USD per lot
Margin required is: 10*200=2,000USD