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Metals

Metals Contract Specifications

Lot Size

SYMBOL

XAUUSD (GOLD)

XAGUSD (SILVER)

Contract Size

100 Ounces

1 standard Lot Contract Size of XAU/USD on Fame Markets is equivalent to 100 Ounces of Gold.

5000 Ounces

1 standard Lot Contract Size of XAG/USD on Fame Markets is equivalent to 5000 Ounces of Silver.

Minimum Lot

0.01 (1 Ounce)

The minimum lot size on Fame Markets is 0.01 lots, which is equivalent to 1 Ounce of Gold.

0.01 (50 Ounces)

The minimum lot size on Fame Markets is 0.01 lots, which is equivalent to 50 Ounces of Silver.

Incremental Steps

0.01 (1 Ounce)

The minimum incremental lot size on Fame Markets is 0.01 lots, which is equivalent to 1 Ounce of Gold.

0.01 (50 Ounces)

The minimum incremental lot size on Fame Markets is 0.01 lots, which is equivalent to 50 Ounces of Silver.

Maximum Lot

50 (5000 Ounces)

The maximum lot size on Fame Markets is 50 lots, which is equivalent to 5000 Ounces of Gold.

50 (250,000 Ounces)

The maximum lot size on Fame Markets is 50 lots, which is equivalent to 250,000 Ounces of Silver.

Timing

ITEM

DETAILS

Server Time

GMT+3

Daylight Saving

Eastern Daylight Saving Time (EDT)

Trading Hours
(Server Time)

Opening: Monday 01:00

Closing: Friday 24:00

Daily Break: 24:00 to 01:00

Effective trading time is 01:00 to 24:00 every working day.

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 Used

Margin = (Lot Size * Contract Size * Market Price) / Leverage
e.g. If your leverage is 1:100 and you trade 1 lot Long on XAU/USD or XAG/USD

Side

Symbol

Lot

Contract Size

Market Price

Leverage

Margin

Buy

XAUUSD

1

100

$1208.720

1:100

$1208.72

Buy

XAUUSD

1

5000

$15.345

1:100

$767.25

Margin Used (When Hedged)

Total Margin used will be 0% of each trade.

e.g. If your leverage is 1:100 and you trade

a.1 lot Long on XAU/USD and 1 lot Short on XAU/USD

Side

Symbol

Lot

Contract Size

Market Price

Leverage

Margin

Hedge Margin

Buy

XAUUSD

1

100

$1208.720

1:100

$1208.72

$0

Buy

XAUUSD

1

100

$1208.090

1:100

$1208.09

b.1 lot Long on XAG/USD and 1 lot Short on XAG/USD

Side

Symbol

Lot

Contract Size

Market Price

Leverage

Margin

Hedge Margin

Buy

XAUUSD

5000

100

$15.345

1:100

$767.25

$0

Buy

XAGUSD

5000

100

$15.307

1:100

$765.35

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 the 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 officers 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 the Metatrader4 server.

The “Stop Out Percentage” varies on the account type and agreement with Fame Markets. Please speak to our customer service officers 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

Metals contracts are deliverable on T+2 (Trading day +2), to accommodate Saturdays and Sundays. 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.

Live Account
Open Account

Leverage : Up to 1 : 500
Spread : Starting as low as 0.3 pips
Min Trade Size : 0.01 lot
24-hour Support : Yes

Demo Account
Open Account

Leverage : Up to 1 : 500
Spread : Starting as low as 0.3 pips
Min Trade Size : 0.01 lot
24-hour Support : Yes