Metals and Oil Trading

The LMFX gold and silver contracts give you access to the precious metals markets 24 hours a day, 5 days a week. With prices in both these products being quoted in the EUR and USD base currencies, you are able to remove any currency impact on your trading account allowing you to profit from the movement in the market.

With our competitive Oil spreads you are able to invest in the oil based markets without having to worry about anything else other than the price movements. As with all our trading products, the financing of positions in the Oil markets is made easier through the use of leverage.

SWAP Policy Trading Hours Execution Desk

Metals ****	Typical Spread	Swap Short	Swap Long	Limit and Stop Levels	Used Margin in this example *	1 pip value per 1 lot	Size of 1 lot
XAGEUR	10	-0.08	-0.10	10	1% Notional Value**	EURO 10	1000 Ounces
XAGUSD	4.5	-0.11	-0.11	10	1% Notional Value**	USD 10	1000 Ounces
XAUEUR	60	-0.50	-2.20	22	1% Notional Value**	EURO 1	100 Ounces
XAUUSD	29	-1.71	-2.67	30	1% Notional Value**	USD 1	100 Ounces
UKOIL	5	-1	-1	0.05	$100/EUR75 per lot	USD 1	100 Barrels
USOIL	5	-1	-1	0.10	$100/EUR75 per lot	USD 1	100 Barrels
NGAS	1	-1.5	-2	7	$50/EUR45 per lot	USD 1	1000 MMBtu

* Margin Based on a position size of 1 lot
** Margin of $100/lot is calculated based on 400:1 leverage account.
*** Notional Value equals the number of Ounces multiplied by price
**** Leverage on Metal products is always fixed at 1:100

Contract sizes for Gold and Silver

Gold - 1 lot = 100 ounces
0.1 lot = 10 ounces
0.01 lot = 1 ounce

Margin will now be calculated as the following:

Notional Value*/100
Notional Value = Number of ounces * Current Market Price

For example if an account open 1 lot (or 100 ounces) of gold the required margin will be the following:
100 * 1585 /100 = $1585
The pip value for a 1 lot position is $1 per pip

Trading Hours

Trading Product	Trading Hours (GMT+2)	Break Time (GMT+2)
XAUUSD	Mon 01:00 - Fri 23:45	Daily 00:00 until 01:00
XAGUSD	Mon 01:00 - Fri 23:45	Daily 00:00 until 01:00
XAUEUR	Mon 01:00 - Fri 23:45	Daily 00:00 until 01:00
XAGEUR	Mon 01:00 - Fri 23:45	Daily 00:00 until 01:00
USOIL	Mon 01:00 - Fri 23:45	Daily 00:15 until 01:00
UKOIL	Mon 03:00 - Fri 23:45	Daily 00:15 until 03:00

Attention: During the time period from 23:55 to 00:05 server time increased spreads and decreased liquidity can take place due to daily bank rollover. In case of inadequate liquidity/spreads during bank rollover, widened spreads and excessive slippage may occur. Therefore orders will not be executed during these times.

Contract Expiration Dates

UK Oil	US Oil
15/12/2015	18/12/2015
13/01/2016	19/01/2016
28/01/2016	19/02/2016
28/02/2016	18/03/2016
30/03/2016	19/04/2016
28/04/2016	19/05/2016
30/05/2016	20/06/2016
29/06/2016	19/07/2016
28/07/2016	19/08/2016
30/08/2016	19/09/2016
29/09/2016	19/10/2016
28/10/2016	18/11/2016