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Trading Overview
Spot Metals - Trade Gold and Silver

MGMC offers TRADINGs on spot gold and silver as an ideal solution for both long-term and short-term speculation or as an investment alternative.


Prices for both gold and silver are currently quoted in USD. With a required margin starting from 1%, trades can be leveraged up to 1:100, allowing maximum trading flexibility.


The typical spread on spot gold is at $0.50 per ounce and $0.04 per ounce on spot silver, which are some of the most competitive in the market. A trader can go both long and short on any of the two metals.

Order Sizes

The minimum trade size is 10 ounces of gold and 500 ounces of silver.

Order Types

Traders can execute a number of orders with MGMC, including:
Instant execution Buy limit Sell limit Buy stop
Sell stop Take profit Stop loss Good till cancelled


If a trade is kept open overnight, then there is a swap/rollover cost calculated on that position. The cost is calculated as the overnight interest rate fixed and charged by the company on which the position is held, depending on the type of the position (long/short).

In the trading terminal ’swap’ is automatically converted into the balance currency. Operation is conducted at 23:59 server time. From Friday to Monday swap is charged once. From Wednesday to Thursday swap is charged at triple rate.

Contract Specifications
Ticker Description 1 lot size Used margin per 1 lot Spread *** swap value* Limit & Stop Level **
long short
GOLD Gold Spot 100 oz US$1,000 0.40 -1.79* -1.79* Spread
SILVER Silver Spot 2500 oz US$1,000 0.04 -1.25* -1.25* Spread

* Swap or Rollover is the interest added or deducted w.e.f. Sep 01, 2012 until further notice. Actual/current swaps rate, please refer to the properties of symbols at MarketWatch column of our TopTrader Client Terminal.

** Minimum level for placing SL and TP as well as Stop and Limit Orders from a current market price.

*** The above spreads are applicable under normal trading conditions. MGMC has the right to amend the above spreads according to market conditions as per the ’Terms and Conditions.’

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