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Spreads and Currency pairs of the standard and institutional accountsSpot Gold & Silver tradingGold/Silver Trading hours: 09:00 – 21:00 CET.We provides spot gold and silver trading at very competitive spreads and margins. Spot gold & silver trading is dealt with in exactly the same way as execution in any currency pair. The denominations are different though because gold & silver are quantified in ounces. The minimum transaction sizes are therefore 200 ounces for Gold and 10'000 ounces for Silver. Spreads & margins remain the same as with the other currency pairs. Min trade size: Gold 200 oz. Silver 10'000 oz. Max trade size: Gold 10'000 oz. Silver 100'000 oz. Margin: 1.00% (no widening overnight & weekend). Currency pairs and spreads*
*Spread rates are fixed and will only widen in rare occurrences such as: - Central bank rate decisions (ECB, FED, BOE; BOJ etc). - Monetary policy decisions (FOMC meetings etc). - Unexpected events leading to volatile market conditions. - Volatile market conditions. - Illiquid market conditions (public holidays etc.) Statistically our spread rates do not widen more than a total of approximately 5 minutes per (working) week which equates to approximately 0.07% of the time. **These pairs can be traded live from 9h00 - 21h00 CET. Outside this time; limit/stop orders and margin requirements are being monitored. We accept no responsibilities for price slippage between the close and open prices on the next days trading. ***USDMXN can be traded live from 14h30 - 21h00 CET. Margin RatesUp to 4'000'000 USD and / or Up to 25'000'000 USD 1.0%From 4'000'001 USD to 6’250'000 USD and / or From 25'000'001 USD to 31’250'000 USD 2.0% From 6’250'001 USD to 9'000'000 USD and / or From 31’250'001 USD to 37’500'000 USD 2.5% From 9'000'001 USD to 12'250'000 USD and / or From 37'500'001 USD to 43'750'000 USD 3.0% From 12'250'001 USD to 16'000'000 USD and / or From 43'750'001 USD to 50’000'000 USD 3.5% From 16'000'001 USD to 20'000'000 USD and / or From 50'000'001 USD to 55’000'000 USD 4.0% From 20'000'001 USD to 25'000'000 USD and / or From 55'000'001 USD to 62’500'000 USD 4.5% 25'000'001 USD and above and / or 62'500'001 USD and above as of 5% All customers are fully responsible for monitoring the activity on their accounts. In the case that open positions result in excessive margin exposure and attain the allowable limit, liquidation will occur automatically and all open positions will be closed. Margin CapacityMargin indicates the level of leverage on which a customer may execute transactions and serves as a credit limit that he may not exceed. On a 1% margin, an account containing USD 50'000 theoretically has the capacity to execute transactions up to USD 5'000'000. In practice, customers should aim for a lower margin utilisation. We offer 1% initial margin. As a service, dealers will attempt to contact customers accustomed to dealing by telephone with the dealing desk whose open positions are close to full margin capacity. All customers are however fully responsible for monitoring the activity on their accounts. ACM is obliged to liquidate all open positions on an account in the event that a negative result on those positions causes the specified 1% margin level to be crossed, liquidation occurs automatically. The margin capacity reflects our willingness to provide the traders with the level of risk they wish to adopt, we do not however recommend trading close to 1% margin capacity as this engages a large amount of risk. Ultimately the choice is left to the trader to make transactions that meet his/her appetite for risk. |
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