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Trading Conditions

Commodities Trading Conditions

MetalsNicknameECN with low spread+8USDVIPStandard
Mini SpreadAverageMini SpreadAverageMini SpreadAverage
Spot Gold vs United States DollarXAUUSD22.23.33.54.44.7
Spot Silver vs United States DollarXAGUSD22.23.33.54.44.7

Notes to Tables

  • mogaFX’s Spot Metals Contracts are a special form of CFD that allow you to speculate on changes in prices in the precious metals market. All contracts are settled in cash only.
  • All dealing spreads are subject to variation, especially in volatile market conditions.mogaFX will not charge any additional commission unless you sign a commission contract with an agent.
  • Unless there is written agreement between the agent and client, mogaFX will not charge any additional commission.
  • The size of a standard transaction is one contract. According to different types of trading account, the transaction might be part of the contract.
  • mogaFX quotes spot metals for 24 hours a day, normally from 22.00 (GMT) on Sunday until 22:00 (GMT) on Friday.
  • For spot metals transactions, funding adjustments are calculated and posted to the client's account daily.

Funding adjustments are calculated as follows:
S = L * P * D * V
Where:

  • S= rollover amount
  • L= contract lot size
  • P= rollover rate (pips) of metal contact products
  • D= days of calculated rollover rates
  • V= the value of each pip for a metal contact product

A daily interest adjustment is calculated for any position that is opened before 22:00 (GMT) and that is still open after 22:00 (GMT).

Unless we notify you in writing, the interest rate applied will be +/- 2% above or below the Libor cash rate for standard contracts. mogaFX reserves the right to amend the algorithms used for calculating rollover rates.

NOTE: For any position opened before 22:00 on Wednesday that is still open after 22:00 on Wednesday, the daily interest credit or debit will be made for three days as opposed to one day. This three-day adjustment covers settlement of trades over the weekend.

Investors can see trading rollover rates on the MT4 trading platform.

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