Metals

Lot Size

Timing

ITEM	DETAILS
Trading Hours (Server Time)	Opening : Monday 0100 Closing : Friday 2400 Break : 0000 to 0100
Server Time	GMT +3
Daylight Saving	Eastern Daylight Saving Time (EDT)
Charts	Fame Markets follows New York market close (5 Daily candles a Week).

Calculation

Leverage

Leverage varies on the account type and agreement with Fame Markets. Please speak to our customer service officers for more details.

Margin Percentage
Margin Percentage for WTIUSD is 1%.

Margin Used
Margin = (Lot Size * Contract Size * Margin Percentage * Market Price)

Margin Used (When Hedged)
Total Margin used will be 0% of each trade.

Margin Call
Margin Call: (Equity)/(Margin Used) < (“Margin Call Percentage”)
Margin call happens when the total Equity is less than the “Margin Call Percentage” of the total margin used. To prevent the account from being stopped out, traders are advised to top up their account or to close out some positions to reduce margin used, and to avoid possibility of being stopped out.
The “Margin Call Percentage” varies on the account type and agreement with Fame Markets. Please speak to our customer service officer or BDs for more details.

Stop Out
Stop Out: (Equity)/(Margin Used) < (“Stop Out Percentage”)
Stop Out happens when the total Equity is less than the “Stop Out Percentage” of the total margin used. When Stop Out level is reached, existing positions may be automatically closed out by Metatrader4 server.
The “Stop Out Percentage” varies on the account type and agreement with Fame Markets. Please speak to our customer service officer or BDs for more details.

Swap
Swaps = (lots * [Swap in points] * Point Size)
Fame Markets Swap Rates are competitive Bank Swap rates offered by our extensive liquidity partners. The swaps on Metatrader4 are calculated based on points.

3 Times Swap: Wednesday
Oil CFD contracts are deliverable on T+2 (Trading day +2), to accommodate for Saturday and Sunday. The bank charges 3 times the normal swap rate on Wednesdays.

Execution

Market Execution

Fame Markets offers the best liquidity with lowest latency connection to our extensive tier-one liquidity partners. All trades at Fame Markets are executed directly with the market without requotes.

STP

Fame Markets employs “Straight Through Processing” (STP), passing on customers’ trades directly to our tier-one liquidity providers.

Slippage

Fame Markets aims to provide clients with the best trading execution available, and to fill all orders at the requested rate. However, there are times when orders may be subjected to slippage due to an increase in volume and/or volatility. Slippage most commonly occurs during fundamental news events or periods of limited liquidity. During such periods, your order type and quantity requested can have an impact on the overall execution you receive.

Expiration
The CFDs on Fame Markets are over-the-counter (OTC) products and has no expiration date.