Metals and Energies Spot Contracts Specifications

Symbol
***
Description
***
Typical Spreads in quote currency per unit Swap Short
****
Swap Long
****
Limit and Stop Levels Used Margin in this example*[1] 1 pip value per 1 lot Size of 1 lot
XAGEUR Silver EUR 0.09 -0.08 -0.10 10 1% Notional Value** EUR 10 1000 Ounces
XAGUSD Silver USD 0.03 -0.11 -0.11 10 1% Notional Value** USD 10 1000 Ounces
XAUEUR Gold EUR 0.44 -0.50 -2.20 22 0.5% Notional Value** EUR 1 100 Ounces
XAUUSD Gold USD 0.19 -1.71 -5.95 30 0.5% Notional Value** USD 1 100 Ounces
UKOIL.S UK Brent Oil 0.05 -0.7 -2.1 15 1.5% USD 1 100 Barrels
USOIL.S US Crude Oil 0.05 -0.5 -1.3 15 1.5% USD 1 100 Barrels

Metals and Energies Futures Contracts Specifications

Symbol
***
Description
***
Typical Spreads in quote currency per unit Swap Short
****
Swap Long
****
Limit and Stop Levels Used Margin in this example*[1] 1 pip value per 1 lot Size of 1 lot
UKOIL UK Brent Oil 0.03 -0.7 -0.5 0.05 1% USD 1 100 Barrels
USOIL US Crude Oil 0.03 -1.8 -1.8 0.10 1% USD 1 100 Barrels
NGAS US Natural Gas 0.005 -1.5 -2 7 $50 per lot USD 1 1000 MMBtu

[1] Margin is subject to the appropriateness score.

* Margin Based on a position size of 1 lot.

** Notional Value equals the number of Ounces multiplied by price.

*** Leverage on XAG products is always fixed at 1:100.

*** Leverage on XAU products is always fixed at 1:200.

**** Swaps 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. XAU and XAG swaps are in pips/lots. USOil and UKOil in US Dollars.


Contract sizes for Gold

Gold - 1 lot = 100 ounces
0.1 lot = 10 ounces
0.01 lot = 1 ounce

Margin is calculated as the following:
Notional Value*/200
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 * 1322 /200 = $661
The pip value for a 1 lot position is $1 per pip

Contract sizes for Oil

1 lot = 100 Barrels

Margin is calculated as the following:
Notional Value = Number of barrels * Current Market Price

For example if an account open 1 lot (100 Barrels of Oil) the required margin will be the following:

Volume size * Contract size * Current Market Price * Margin %
1 * 100 * 50.55 * 1.5%

The pip value for a 1 lot position is $1 per pip


Trading Hours

Trading Product Trading Hours ***** Break Time *****
XAUUSD 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
XAGEUR Mon 01:00 - Fri 23:45 Daily 00:00 until 01:00
USOIL Mon 01:00 - Fri 23:45 Daily 00:00 until 01:00
UKOIL Mon 03:00 - Fri 23:45 Daily 00:00 until 03:00
NGAS Mon 01:00 - Fri 23:45 Daily 00:00 until 01:00

Metals and Energies Futures Contracts Expiration Dates

Symbol January February March April May June July August September October November December
UK Oil 26/01/2018 23/02/2018 27/03/2018 25/04/2018 28/05/2018
US Oil 17/01/2018 14/02/2018 15/03/2018 17/04/2018 17/05/2018
NGAS 24/01/2018 20/02/2018 22/03/2018 23/04/2018 24/05/2018

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 may not be executed during these times.

***** Please note that Server Time is subject to Daylight Savings Time (DST), which begins on the last Sunday of March and ends on the last Sunday of October.

Server Times:
Winter: GMT+2
Summer: GMT+3 (DST)

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