Question: What are the units of measure for financial instruments like Metals, Oils and Indices?
With FXTM, you can trade Forex, Metals, Indices, Commodities and CFDs on MT4 (MetaTrader4) trading platform.
You can have a look at the whole list here.
Below are measurement units for various trading instruments:
Gold, Silver | USD per troy ounce |
---|---|
Brent Crude Oil, Oil | USD per barrel |
Indices | GBP, EUR, USD, AUD or JPY per contract |
Currencies | EUR/USD, USD/JPY, GBP/USD |
Contract Size for each financial instrument
Each financial instrument has different contract sizes set by the brokers.
The contract size directly affect the trading volume and margin requirement for traders.
The contract sizes may be also different depending on the account types.
When calculating required margins for your trades, make sure that you know the parameters set for each financial instrument.