What's the trading conditions of Metals and Oils on LMFX MT4?

Trading Conditions of Metals and Oils on LMFX MT4

Trading Conditions of Metals and Oils on LMFX MT4

Trading conditions of each trading instruments(Precious Metals and Oils) are different. So you may want to make sure that you fully understand the conditions of the trading before, so you won’t get surprised later on.

In this FAQ, Palladium and Platinum are not categorized in “Precious Metals”, as they are categorized as commodities in LMFX.

LMFX offers Gold, Silver, Gas, Oil and which symbols are:

NGAS(Natural Gas)
UKOIL
USOIL
XAGEUR
XAGUSD
XAUUSD
XAUEUR

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How to open LMFX MT4 Forex account?

1. Spread and Commissions

There is no extra commissions charged for trading of Precious Metals and Oils, so the spread displayed in MT4 would be the only thing you will need to cover.

Please refer to the below table.

Precious Metals or Oils	Average Spread	Trading Commissions
NGAS	1	None
UKOIL	5	None
USOIL	5	None
XAGEUR	10	None
XAGUSD	4.5	None
XAUEUR	60	None
XAUUSD	29	None

Please note that the above spreads are variable and could go wider or lower depending on the market situation.

See LMFX’s 0.0 pips real time spread

2. Margin and leverage

LMFX requires fixed margin for Precious Metals.

The trading server will close all the open positions in an account if the margin level is lower than 20%(premium account) or 15%(fixed and zero account).

You may want to make sure that you have enough margin to support all your positions at anytime.

Please refer to the below table.

Precious Metals or Oils	Required Margin per 1 lot	Contract Size
NGAS	50USD or 45EUR	1000 MMBtu
UKOIL	100USD or 75EUR	100 Barrels
USOIL	100USD or 75EUR	100 Barrels
XAGEUR	1%	1000 Ounces
XAGUSD	1%	1000 Ounces
XAUEUR	1%	100 Ounces
XAUUSD	1%	100 Ounces

*The margin requirement for Gas and Oils specified above are calculated based on 400:1 leverage account.

Please note that the leverage on Precious Metal product is always fixed at 1:100.

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3. Market hours

The trading hours of Gas and oils are not 24 hours a day like the Foreign Exchange Market.

The market is opened only limited time as follows:

Precious Metals or Oils	Market Hours(GMT+2)	Breaking Time(GMT+2)
NGAS	Mon 03:00 – Fri 23:45	Daily 00:15 until 03:00
UKOIL	Mon 01:00 – Fri 23:45	Daily 00:15 until 01:00
USOIL	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
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
XAUUSD	Mon 01:00 – Fri 23:45	Daily 00:00 until 01:00

Please note that before the market close and after the market open, the market liquidity is often quite low and that may cause the spread to widen up as the volatility would be high.

As the spreads are not fixed for Oils and Gas if you have open positions of these trading instrument in certain times, You may be required more margins to support your positions.

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4. Expiration Dates and Roll Overs

There is no expiration dates for Gas and Oils, so you can hold these positions as long as you want.

But for Precious Metals(Gold and Silver), there are expiration dates every month.

If you have any open positions of Golds or Silvers when an expiration date comes, all these positions will be executed(closed) automatically by the system at the last available price in the market.

Please note that there is no roll over in LMFX.

But still there will be swap charges for Oils and Metals every night at 00:00 server time.

The swap points are tripled Wednesdays just like other instruments.(but not Index CFDs)

*Swaps of Gold and Silvers are calculated by lots/pips/units, but the oils are calculated by USD.