HARVEST INTERNATIONAL | Hicfx.com | Loco Specifications
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Loco Specifications

Symbols XAU/USD
Trading Hour (GMT +7) Winter : Mon : 05:00 – Sat : 04:30

Summer : Mon : 05:00 –Sat : 03:30

Trading Month Spot
Contract Size USD 100
Initial Margin USD 10,000
Tick Size 0.05
Spread 0.5 points
Commission / Lot USD 50
Limit Order Minimum 15 points from running price
Maximum Volume 20 Lots
Margin Requirement / Lot USD 1,000
Hedging / Lot USD 200
Force Liquidation If Client Equity is equal or less than 10% from Margin Requirement

 

Loco London Equation :

Profit / Loss = (Sell – Buy) x Contract Size x No. of Lots – (Commission x No.of Lots) ± int

Loco London Case 1 :

Client buying 4 lots of XAU/USD at 1,060 and at the same day close the transactions with selling 4 lots at 1,063.50.

P/L   = (1,063.50 – 1,060) x $100 x 4 – ( $50 x 4 )

= $ 1,200

Loco London Case 2 :

Client selling 4 lots of XAU/USD at 1,060 and at the same day close the transactions with buying 4 lots at 1,063.50.

P/L   = (1,060 – 1,063.5) x $100 x 4 – ( $50 x 4 )

=  – $ 1,600