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May 6, 2016

Question:What is the trading condition of Silvers (XAGUSD) in KVB Kunlun's MT4?

Answer:

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)

CNY and RMB are the same currencies.

Each contract has different conditions for tradings.

KVB Kunlun Official Website

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)

KVB Kunlun Official Website

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.

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