Trading news

Reduced Margin on Gold and Silver

In our efforts to continuously find new ways to improve your trading experience we have reduced your margin requirements on Silver to 1% and Gold to 0.5%.

Advantages

- Lower margin requirement means less capital required for the trader to buy or sell precious metals

- Even smaller investors can now benefit from trading 1 full lot of these precious metals

- Potential to gain more profit with less capital

The new method to calculate your reduced margin requirement when trading precious metals is as follows:

(0.01 * Spot Silver price) * contract size = XXX USD

(0.05 * Spot Gold Price) * contract size = XXX USD

Spot Silver and Gold prices have been given below as examples only.

Silver: (0.01 * 19 USD) * 5,000 oz = 950 USD Margin Requirement

Gold: (0.05 * 1,250 USD) * 100 oz = 625 USD Margin Requirement

Do you have questions or need assistance? If so, do not hesitate to contact us via email at clientservices@icmcapital.co.uk or telephone on +44 207 634 9770.