
Dollar Retreats Ahead Of Inauguration
The dollar index slid 0.25% lower yesterday as the 45th President exited the [...]
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.
Wednesday, 08 Oct, 2014 / 2:07
Source : http://www.icmcapital.co.uk/press_release/2014-9-17.php#top
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