Question: What is the trading condition of Silvers (XAGUSD) in KVB Kunlun's MT4?
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Along with Spot Gold denominated in USD and CNY, KVB Kunlun offers also Silvers denominated in the same currencies.
Silvers are shown as XAG in the trading platform.
XAGUSD is the silver spot contract denominated in USD and XAGCNY is the silver spot contract denominated in RMB(Chinese Currency)
Each contract has different conditions for tradings.
Contract Specifications for XAGUSD
| Contract Size | 100 Ounce per 1 Lot |
|---|---|
| Average Spread | 0.05 USD (variable) |
| Minimum/Maximum Trading Size | 0.5 – unlimited lots |
| Value of the minimum fluctuation | 5 USD |
| Maximum Leverage | 1:100 |
| Margin Requirement | 1% |
| Swaps | Yes, unless you have swap free Islamic account |
| Trading Hours | From 18:00 to 17:00 (Sunday-Friday) |
Contract Specifications for XAGCNY
| Contract Size | 15 kg per 1 Lot |
|---|---|
| Average Spread | 10 RMB (variable) |
| Minimum/Maximum Trading Size | 0.5 – unlimited lots |
| Value of the minimum fluctuation | 1 RMB |
| Maximum Leverage | 1:100 |
| Margin Requirement | 1% |
| Swaps | Yes, unless you have swap free Islamic account |
| Trading Hours | From 18:00 to 17:00 (Sunday-Friday) |
Spot and Futures
Tradings of Precious Metals are made on Spot Transactions.
Spot transactions have opposite meanings of Futures transaction in terms of investment.
Not like the futures contract which the transaction date is somewhere in the future when the contract expires, Spot Transactions are made on the spot price and there is no expiration date for the contract.
So you can hold an open position of Gold or Silver with KVB Kunlun as long as you want.
Also there is no restrictions on the trading platform, Forexstar by KVB Kunlun.
Limited leverage for Precious Metals
KVB Kunlun requires more margins for trading Precious Metals to its traders.
The maximum leverage that can be applied on the tradings is 1:100. (only XAUUSD is available with 1:200 leverage)
So in case you have set the leverage for your trading account to be more than 1:100, you may be required more margins than yo have expected for trading Spot Metals.
