CONTRACT SPECIFICATIONS 2023
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
| Instrument | Description | Contract Size | Spread | Minimum Fluctuation | Pip Value | Orders Level | Margin 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 |
| Day | Open | Close | Re-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 |
|
- All times are GMT
- All above instruments are traded on "Instant Execution"
- Fixed spread
- All pending orders are 'Good till cancelled'
- Slippage on pending orders may occur during market opening time and holidays
- Spot Gold is subject to overnight financing for positions that remain open more than 365 days
- Spot Silver is subject to overnight financing for positions that remain open more than 90 days
- Clients will be notified of public holidays via internal mail and/or vide ICM Brokers platform
| Instrument | Description | Contract Size | Minimum Fluctuation | Pip Value | Orders Level | Margin Requirement |
|---|
| GOLD. |
Spot Gold / US Dollar |
100 oz. |
0.1 |
$10.00 |
50 Cents |
View |
| SILVER. |
Spot Silver / US Dollar |
5,000 oz. |
0.01 |
$50.00 |
5 Cents |
View |
| XAUEUR |
Spot Gold / Euro |
100 oz. |
0.1 |
€ 10.00 |
150 Cents |
View |
| XAGEUR |
Spot Silver / Euro |
5,000 oz. |
0.01 |
€ 50.00 |
6 Cents |
View |
| Day | Open | Close | Re-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 |
|
- All times are GMT
- All above instruments are traded on "Market Execution"
- Market spread
- All pending orders are 'Good till cancelled'
- Slippage on pending orders may occur during high market volatility
- Spot Gold is subject to overnight financing for positions that remain open more than 365 days
- Spot Silver is subject to overnight financing for positions that remain open more than 90 days
- Clients will be notified of public holidays via internal mail and/or vide ICM Brokers platform
| Instrument | Description | Contract Size | Spread | Minimum Fluctuation | Pip Value | Orders Level | Margin 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
| Day | Open | Close | Re-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 |
|
SILVER
| Day | Open | Close | Re-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 |
|
- All above instruments are on market execution
- Spread may widen during extreme volatile market conditions
- Slippage on orders may occur during volatile market conditions
- 22.00 hours GMT every day, all trading accounts are required to maintain equity/margin ratio above 100%
- Clients will be notified of public holiday via internal mail through ICMB Platform
- Subject to change without prior notice
- No Delivery
