One of the world’s most traded assets, the global market for gold is set to reach $189.6 billion by 2022.
Well known as a ‘safe haven’ asset gold is particularly attractive to traders in times of economic uncertainty.
Well known as a ‘safe haven’ asset gold is particularly attractive to traders in times of economic uncertainty.
GoldSpecifications
| Symbol | Average Spread | Min Trade Size | Max Trade Size | Contract size | Trading Session | Trading Break(Daily) |
|---|---|---|---|---|---|---|
| XAUUSD | 0.30 | 0.01 | 20 | 100 oz | Monday 01:05 – Friday 23:55 | 23:55 - 01:05 |
Gold
Margin Requirements
CryptoAltum uses a dynamic leverage model, which automatically adapts to the client's trading positions.
This allows clients to take advantage of the maximum leveage offered, while still having limits in place.
As the client's trading volume increases, the maximum leverage offered decreases, as per the table below:
This allows clients to take advantage of the maximum leveage offered, while still having limits in place.
As the client's trading volume increases, the maximum leverage offered decreases, as per the table below:
| Tiers | Volume USD | Max Leverage | Margin Requirement % |
|---|---|---|---|
| Tier 1 | 0 – 200,000 | 1:100 | 1 |
| Tier 2 | 200,000 – 1,000,000 | 1:50 | 2 |
| Tier 3 | 1,000,000 – 5,000,000 | 1:30 | 3.33 |
| Tier 4 | 5,000,000 – 7,000,000 | 1:20 | 5 |
| Tier 5 | >7,000,000 – 20,000,000 | 1:10 | 10 |
Gold
Financing Fees (Swap)
All positions left open overnight are subject to financing fees (swap).
The swap may be positive or negative, depending on the direction (buy/sell) of the position.
The rate can be found under Specifications on the MT5 platform.
The swap may be positive or negative, depending on the direction (buy/sell) of the position.
The rate can be found under Specifications on the MT5 platform.
The swap is calculated in USD as follows:
Swap Rate x Position Size (Lots) x Number of Nights*
The swap will be automatically converted into the base currency of the trading account before being applied.
*Swap on Gold is charged triple (x3) on Wednesday.
Risk Disclosure: Trading cryptocurrencies or any other financial instrument involves a significant level of risk and may result in a total loss of your investment. You should consider carefully whether investing in Bitcoin or any other instrument offered by CryptoAltum is appropriate to your financial situation. CryptoAltum only accepts deposits in Cryptocurrencies. By trading with CryptoAltum you acknowledge your understanding of this risk disclosure and your agreement with the Terms and Conditions.