Gold and Silver, ideal instruments for short and long term investments
|Spot Metal||Type||Lot Size||Margin (1)||Min. Fluctuation||Orders (2)||Execution|
|Spot Gold||Spot||100 Ounces||1,000 USD||0.05||100 points||Market|
|Spot Silver||Spot||5,000 Ounces||1,000 USD||0.01||15 points||Market|
NOTE: Trading Hours: Opens Sunday 22:00 GMT – Closes Friday 21:00 GMT – Daily Break from 21:00 to 22:00 GMT. Applicable to DST in summer
For spot trading in CFDs on currencies, the required margin to place and maintain 1 standard lot open position is 1,000 USD (on the default leverage 1-100), while on other leverage options it varies according to the account leverage.
When spot trading in CFDs on metals (Gold and Silver), a fixed amount (1,000 USD per each standard lot) will be held as margin for each contract regardless to the account leverage.
Same applies when trading in futures contracts: a fixed amount (1,000 USD per each standard lot) will be held as margin for each contract regardless to the account leverage.
The minimum allowed distance between the pending order price and the current market price at the time of placing the order (S/L, T/P, Buy Stop, Sell Stop, Buy Limit, and Sell Limit) is specified in the number of points (according to decimal digits). All those distances may widen during volatile market conditions and news releases, and as KABKG sees fit.
For all CFD’s on futures contracts, KABKG traders will receive a notification to close each contract around 2 days prior its delivery date.
All the specifications above are subject to change without prior notification due to different market conditions and also changes within the relevant exchange. However, all efforts are made to ensure a reasonable notification period is given. KABKG does have good history in keeping spreads tight, margins low and offering transparent prices.