Contract Specification | Spot Metals

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Product SpecificationSwap RatesOrder Types
Symbol Description Minimum Spread* Minimum Tick Margin Requirement** Limit & Stop Level***
XAUUSD Spot Gold 100 troy oz 0.50 0.05 USD 1 000 2.00
XAGUSD Spot Silver 5 000 toy oz 0.030 0.010 USD 2 500 0.200
Swap Rates Table

Spot gold and spot silver positions left open at the end of trading day will be subjected to rollover fee called swap.

Swap operation takes place at approximately 23:59 system time. A 3-day swap will be applied to open positions on every Wednesday end of day.

Swap base calculations are varied and are updated every Monday for a 1-week validity.

Millennium Penata Futures Trading Platform support various type of orders:

  • Instant execution ( instant buy or sell )
  • Buy Limit
  • Sell Limit
  • Buy Stop
  • Sell Stop
  • Take Profit
  • Stop Loss
  • Good till Cancelled ( or Good till New York Closing, whichever comes first )

*Spread is fixed for 95 percent over a year

**Margin Requirement listed is for every 1 lot ( equivalent to 100 000 volume of base currency )

***Limit & Stop Level may be doubled prior to economic data figure releases