Precious metals and industrial metals are still widely used around the world. Due to their rarity and the high demands for its uses, metals are relatively high in its value.
The price movements of the precious metals can be reflected by the performance of the global economy.
The Benefits of Trading Metals
Precious metals are a financial instrument that is widely used to diversify the portfolios and to hedge against economic downturns or inflations.
- Gold has an intrinsic value that is hardly affected by the devaluation of the economy, hence it is usually known as the ‘safe haven’. When there is an economic recession or political tension, there is a tendency to go long on gold.
Trading Metals with Eone FX
- We provide four different types of metals (Silver, Gold, Palladium, and Platinum) for clients to trade.
|Instruments||Name||Min. Ticket Size||Max. Ticket Size||Trading Steps (Lots)||Contract Size||Currency|
|XAGEUR||Silver vs Euro||0.01||100||0.01||5000||EUR|
|XAGUSD||Silver vs US Dollar||0.01||100||0.01||5000||USD|
|XAUEUR||Gold vs Euro||0.01||50||0.01||100||EUR|
|XAUUSD||Gold vs US Dollar||0.01||50||0.01||100||USD|
|XPDUSD||Palladium vs US Dollar||1||5000||1||1||USD|
|XPTUSD||Platinum vs US Dollar||1||5000||1||1||USD|
Eone FX MT4 Server Time, which is GMT +2 in the winter, and GMT +3 in the summer. The server time for all metals is Monday 01:00 through to Friday 23:45.
Session break times for all metals is daily at 00:00 to 01:00.
Minimum Ticket Size
The minimum ticket size is in lots.
Maximum Ticket Size
The maximum ticket size is in lots.
Margin for Contract in % of the Contract Value
The margin for all metals is 2%.
The margin call is 200%.
The stop-out (or liquidation MT4 margin level) is 100%.