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- About MGX
MGX Brokers provides its clients with the opportunity to make CFD trades in leading commodities such as gold, silver and oil.
Gold (XAU) and silver (XAG) are the most common metals in the market. They are priced at the London Metal Exchange and these official prices are used by everyone from Central banks and mining companies to retail traders. Both of these metals are considered safe haven assets that are in high demand, especially during economic and geopolitical crises. Accordingly, at these moments, their price increases.
Energy carriers are among the main levers that affect the market value of precious metals. And the main place among them, of course, is occupied by oil. When making deals with this "black gold" (WTI_OIL and UKOIL.c), it is useful to pay attention to fundamental analysis. Economic cycles, wars and natural disasters, especially in the main regions of oil production and oil consumption, the change of seasons: these factors determine the balance of supply and demand, and, accordingly, the price of oil at any given moment.
Symbol | Swap Long | Swap Short | Min. Spread | Typical Spread | 1 Lot value |
---|---|---|---|---|---|
XAUUSD | -0,39 | -0,09 | 0,8 | 2,9 | 100 oz. tr. |
XAGUSD | -0,09 | 0 | 1,2 | 1,6 | 1000 oz. tr. |
Symbols | Name | Currency | Contract size | Minimum Trade | Maximum Trade | Commission (r/t) | Leverage | Swap Long | Swap Short |
---|---|---|---|---|---|---|---|---|---|
UKOIL.c | Crude Oil Brent Cash | usd | 10 | 1 | 1000 | 0,005% | 1:10 | -0,0273 | -0,767 |
WTI_OIL | West Taxes Crude Oil | usd | 10 | 1 | 1000 | 0,005% | 1:05 | -1,521 | -0,65 |
XNGUSD | Natural Gas | usd | 10000 | 0,01 | 50 | 0,005% | 1:05 | -2 | -45 |