At ICM Capital margin requirements used to be fixed at 800 USD per standard lot for Gold and 2,000 USD per lot for Silver. This was already very competitive. In our efforts to continuously find new ways to improve your trading experience we will reduce the margin requirements for Gold to 0.5% and 1% for Silver on Friday the 19th September 2014.
The new method to calculate your reduced margin requirement when trading precious metals is as follows:
|•||(1% * Spot Silver price) * contract size = XXX USD|
|•||(0.5% * Spot Gold Price) * contract size = XXX USD|
Spot Silver and Gold prices have been given below as examples only.
Do you have questions or need assistance? If so, do not hesitate to contact us via telephone on +44 207 634 9770, email or live chat.