OTC Spot Precious Metals

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
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 times are GMT
  2. All above instruments are traded on "Instant Execution"
  3. Fixed spread
  4. All pending orders are 'Good till cancelled'
  5. Slippage on pending orders may occur during market opening time and holidays
  6. Spot Gold is subject to overnight financing for positions that remain open more than 365 days
  7. Spot Silver is subject to overnight financing for positions that remain open more than 90 days
  8. Clients will be notified of public holidays via internal mail and/or vide ICM Brokers platform
InstrumentDescriptionContract SizeMinimum FluctuationPip ValueOrders LevelMargin 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

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 times are GMT
  2. All above instruments are traded on "Market Execution"
  3. Market spread
  4. All pending orders are 'Good till cancelled'
  5. Slippage on pending orders may occur during high market volatility
  6. Spot Gold is subject to overnight financing for positions that remain open more than 365 days
  7. Spot Silver is subject to overnight financing for positions that remain open more than 90 days
  8. Clients will be notified of public holidays via internal mail and/or vide ICM Brokers platform
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-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

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 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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