Copper is a popular used metal, primarily used in highly cyclical industries such as construction and industrial machinery manufacturing. Chile accounts for over one third of the worlds copper production. In contrast with the precious metals, copper is a lower-priced metal. The price of copper could be affected by: US Dollar, Crude Oil prices (copper refining is an energy-intensive process), Geopolitics, Extraction Costs, Chinese demand and weather.
PARAMETERS | Trading Specifications per Account Type | |||||
---|---|---|---|---|---|---|
PREMIUM | ZERO | PRO | ||||
Spreads as low as | 0.008 | 0.008 | 0.008 | |||
Size of 1 lot | 25,000 Lbs | 25,000 Lbs | 25,000 Lbs | |||
Minimum Contract size, lots | 0.01 | 0.01 | 0.01 | |||
Maximum Contract size, lots | 60 | 60 | 60 | |||
Tick value per 1 lot | 12,50 USD | 12,50 USD | 12,50 USD | |||
Volume limitation | n/a | n/a | n/a | |||
Margin requirement | 1500 USD | 1500 USD | 1500 USD | |||
Minimum Price Increment | 0.0005 | 0.0005 | 0.0005 | |||
Limit and Stop Levels | 30.0 | 30.0 | 30.0 | |||
Negative balance protection | Yes | Yes | Yes | |||
Swap free days allowance | 0 | 0 | 0 |