OTC Spot Precious Metals

CONTRACT SPECIFICATIONS 2017

The Contract Specifications Table (for Standard Lots) includes information on all trading products available on ICM Brokers trading platform, such as:

  • Symbols with the description
  • Contract Sizes (Standard Lots)
  • Pip Values (Standard Lots)
  • Trading Hours and Breaks
  • Expiry dates for OTC Futures
InstrumentDescriptionContract SizeSpreadMinimum FluctuationPip ValueOrders LevelMargin Requirement
GOLD. Spot Gold / US Dollar 100 oz. 0.3 0.1 $10.00 50 Cents View
SILVER. Spot Silver / US Dollar 5,000 oz. 0.03 0.01 $50.00 5 Cents View
XAUEUR Spot Gold / Euro 100 oz. 0.8 0.1 € 10.00 150 Cents View
XAGEUR Spot Silver / Euro 5,000 oz. 0.06 0.01 € 50.00 6 Cents View

DayOpenCloseRe-Open
Sunday 22:00    
Monday   21:00 22:00
Tuesday   21:00 22:00
Wednesday   21:00 22:00
Thursday   21:00 22:00
Friday   21:00  


  1. All above instruments are on instant execution.
  2. Spread fixed at all time.
  3. No Swap on frequently traded account.
  4. No Slippage on S/L and T/P.
  5. Clients will be notified of public holiday via internal mail through ICMB Platform
  6. Subject to change without prior notice
  7. No Delivery
InstrumentDescriptionContract SizeSpreadMinimum FluctuationPip ValueLimit & Stop LevelMargin Requirement
GOLD Spot Gold / US Dollar 100 oz. 0.25 0.01 $1.00 50 Cents $750
SILVER Spot Silver / US Dollar 5,000 oz. 0.03 0.01 $50.00 5 Cents $2,000


GOLD

DayOpenCloseRe-OpenClose
Sunday 22:00      
Monday   21:00 22:00  
Tuesday   21:00 22:00  
Wednesday   21:00 22:00  
Thursday   21:00 22:00  
Friday       21:00

SILVER

DayOpenCloseRe-OpenClose
Sunday 22:00      
Monday   21:00 22:00  
Tuesday   21:00 22:00  
Wednesday   21:00 22:00  
Thursday   21:00 22:00  
Friday       21:00

  1. All above instruments are on market execution.
  2. Spread fixed at all time.
  3. No Swap on frequently traded account.
  4. All orders are Good Till Cancelled
  5. Slippage applies on market opening
  6. Clients will be notified of public holidays via internal mail through ICMB Platform
  7. No Delivery
InstrumentDescriptionContract SizeSpreadMinimum FluctuationPip ValueOrders LevelMargin Requirement
GOLD. Spot Gold / US Dollar 100 oz. 0.3 0.01 $1.00 150 Cents View
SILVER. Spot Silver / US Dollar 5,000 oz. 0.03 0.01 $50.00 10 Cents View

GOLD

DayOpenCloseRe-OpenClose
Sunday 22:00      
Monday   21:00 22:00  
Tuesday   21:00 22:00  
Wednesday   21:00 22:00  
Thursday   21:00 22:00  
Friday       21:00

SILVER

DayOpenCloseRe-OpenClose
Sunday 22:00      
Monday   21:00 22:00  
Tuesday   21:00 22:00  
Wednesday   21:00 22:00  
Thursday   21:00 22:00  
Friday       21:00

  1. All above instruments are on market execution
  2. Spread may widen during extreme volatile market conditions
  3. Slippage on orders may occur during volatile market conditions
  4. 22.00 hours GMT every day, all trading accounts are required to maintain equity/margin ratio above 100%
  5. Clients will be notified of public holiday via internal mail through ICMB Platform
  6. Subject to change without prior notice
  7. No Delivery
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