Contrac Specifications
The table below shows the 4 Spot metals specification. These metals are the main world precious metals with the highest liquidity.
Spot is a deal which is carried out immediately, whereas the money transaction is carried within next two days following the deal. The market where goods are sold for cash and delivered immediately is called a spot-market. It is also considered to be the foreign exchange market of the current conversion operations.
The time schedule for Spot metals trading session for 5 days Monday through Friday.
The trade starts at 00.00.00 am and ends at 9.59.59 pm trade server time.
During the trade time, U.S.B. Broker clients can get the support for any difficulty level.
-
Symbol
Instrument’s Full Name
Spread*
SWAP**
Stop Level***
Commission****
Short
Long
GOLD
Spot Gold USD
90
-
-
0
$2
SILVER
Spot Silver USD
10
-
-
0
$2
PLATINUM
Spot Platinum USD
500
-
-
0
$2
PALLADIUM
Spot Palladium USD
1500
-
-
0
$2
* - expressed in points the fixed difference between the quotations ASK and BID
** - funds that are written off or transferred the next day for the rollover. The size of the swap depends on the difference of the interest rates of the Central Banks of the countries whose currencies take part in the transaction, and also on the size of the transaction (Sell/Buy). The swap writing off or transferring takes place at the last minute of the trade day server's time (23.59 till 00.00) (11.59 pm to 00.00am). On the night from Wednesday to Thursday the size of the swap written off or transferred is tripled. Not available with these tools.
*** - the points level when all set aside orders will be rejected with the notice “ Error Stop Level”.
NB! In case of an important news release, the Stop Level value might be increased to ten times of the Spread, i.e. if the Spread is 5 points then the Stop Level will be 50 points.
**** - commission which is charged in US dollars with the opening of a position.
-
Symbol
Instrument’s Full Name
Spread*
SWAP**
Stop Level***
Commission****
Short
Long
GOLD
Spot Gold USD
90
-
-
0
$2
SILVER
Spot Silver USD
10
-
-
0
$2
PLATINUM
Spot Platinum USD
500
-
-
0
$2
PALLADIUM
Spot Palladium USD
500
-
-
0
$2
* - expressed in points the fixed difference between the quotations ASK and BID
** - funds that are written off or transferred the next day for the rollover. The size of the swap depends on the difference of the interest rates of the Central Banks of the countries whose currencies take part in the transaction, and also on the size of the transaction (Sell/Buy). The swap writing off or transferring takes place at the last minute of the trade day server's time (23.59 till 00.00) (11.59 pm to 00.00am). On the night from Wednesday to Thursday the size of the swap written off or transferred is tripled. Not available with these tools.
*** - the points level when all set aside orders will be rejected with the notice “ Error Stop Level”.
NB! In case of an important news release, the Stop Level value might be increased to ten times of the Spread, i.e. if the Spread is 5 points then the Stop Level will be 50 points.
**** - commission which is charged in US dollars with the opening of a position.
