This contract is Gold priced in Euros. The price shown is the price of 1 Troy Oz. of XAU denominated in EUR. 1 lot of XAUEUR in MetaTrader = 100 Troy Oz. of Gold.
XAUEUR trades Monday - Friday from 01:00 - 23:59 server time.
XAUEUR has a variable spread that will widen and narrow due to market conditions.
Minimum Per-Click Trade Size:
The minimum number of contracts per click for XAUEUR is 0.01. This is equivalent to 1 Troy Oz. of XAUEUR.
Maximum Per-Click Trade Size:
The maximum number of contracts per click for XAUEUR is 100. This is equivalent to 10,000 Troy Oz. of XAUEUR.
Maximum Total Exposure:
The maximum total exposure is the total sum of all XAUEUR positions currently open on the trading account. The maximum total exposure is based on the leverage of the trading account. You can set your leverage by going to https://mt5.clients.evolve.markets/#/accounts and clicking the Gear next to the account you would like to change under Settings. You will then navigate to the SET LEVERAGE tab. The default setting when you sign up is FX 500 - BTC 50.
- FX 500 - BTC 50; XAUEUR leverage = 1:500; maximum total exposure = 55 Lots XAUEUR.
- FX 200 - BTC 25; XAUEUR leverage = 1:200; maximum total exposure = 75 Lots XAUEUR.
- FX 100 - BTC 10; XAUEUR leverage = 1:100; maximum total exposure = 100 Lots XAUEUR.
- FX 50 - BTC 5; XAUEUR leverage = 1:50; maximum total exposure = 500 Lots XAUEUR.
XAUEUR has a minimum value of 0.01 EUR. Therefore, each 0.01 price movement of XAUEUR is equal to 1 point.
Number of MT4/MT5 lots equal to 1 Troy Oz. of Gold:
0.01 lots of XAUEUR is equal to 1 Oz. of Gold.
XAUEUR has a maximum leverage of 1:500, or 0.2% margin requirement.
For example, to open 1 lot of XAUEUR at 0.2% margin requirement at a XAUEUR price of €1,200, the margin requirement would be €1,200 * 100 * 0.002 = €240 EUR, converted into your deposit currency.
Overnight Funding - Swap Rates:
XAUEUR has an overnight funding charge (Displayed as Swap in MetaTrader).
The current overnight funding (swap) rate is displayed in MetaTrader 4 and 5 by right clicking on the symbol and choosing 'Specification'. The swap is applied at 00:00 server time Monday through Friday and is 3x on Wednesdays. The swap is displayed in Points, and the point value of XAUEUR is 1 point = €1.00 EUR.
XAUEUR is a Contract for Difference otherwise known as a CFD. CFDs allow speculation on the market price of XAUEUR without physical delivery of the underlying asset.