METALS CONTRACT DETAILS
USGFX offers real-time Spot Metals contracts. Spot metals have no expiry date. The position remains open until you choose to close it.
Spot Metals Information Table (Standard Contracts)
|Contract||One Contract Means||Tick||Value of One Contract|
(Per Tick Value)
|Normal Spread||VIP/ECN Spread|
|Gold||100 troy oz||0.01||USD1||5||4|
|Silver||1000 troy oz||0.001||USD1||4||4|
Notes to Tables
Funding adjustments are calculated as follows:
S = L*P*D*V
A daily interest adjustment is calculated for any position that is opened before 23:00 (GMT) and that is still open after 23:00 (GMT).
Unless we notify you in writing, the interest rate applied will be +/- 2% above or below the Libor cash rate for standard contracts. USGFX reserves the right to amend the algorithms used for calculating rollover rates.
NOTE: For any position opened before 23:00 on Wednesday that is still open after 23:00 on Wednesday, the daily interest credit or debit will be made for three days as opposed to one day. This three-day adjustment covers settlement of trades over the weekend.
Investors can see trading rollover rates on the MT4 trading platform, as follows: Place your mouse anywhere within the MT4 market watch windowRight-click→Symbols→select the trading type of the overnight interest that you want to check→select properties to see the rollover rates for related commodities.