On this page you can see the margin requirements and contract specifications when trading with Dunhill Scott:
Margin Requirements
Trading and Margin calculations will be made by Dunhill Scott or its Dealing Station automatically according to the declarations made in the account application form. If you wish to alter your margin level, please notify Dunhill Scott in writing. Within one working day of receipt of this notification and we will change your margin levels.
Regular Foreign Exchange Accounts
Minimum Margin: $ 500 US or 0.5%-with leverage 1 to 200
Maximum Margin: $100.000 US or 100%-with leverage 1 to 1
Mini Foreign Exchange Accounts
Minimum Margin: $50 US or 0.5%-with leverage 1 to 200
Maximum Margin: $10.000 US or 100%-with leverage1 to 1
Precious Metals (Gold & Silver) regular account
Minimum Margin: with leverage 1 to 200 - 0.5% of face value $50 US
Maximum Margin: with leverage 1 to 1 -100% of face value $100 US
Precious Metals Mini Account
Minimum Margin: with leverage 1 to 200 - 0.5 % of the face value $ 5 US
Maximum Margin: with leverage 1 to 1 -100% of the face value $ 10 US
Foreign exchange Forward accounts
All transactions are up to 6 months
Minimum Margin 5 % of the face value
Maximum Margin 15 %of the face value
Margin requirements are according to currency pair and its volatility rank.
Margin requirements for Contracts for differences are minimum 0.5 % and maximum 100% of the face value .The face value of a CFD is 1000 shares.
Contract Specifications
If you would like to discuss the contract specification in person, please contact us directly.
Simple Example for margined trading in currencies and gold
USD/CHF is the symbol for the relation of United States Dollar to Swiss Franc (symbols may differ from system to system).USD and any other symbol which initializes a relation of that type is called BASE CURRENCY or BASE SYMBOL. The contracts which will be bought or sold will be always on this base currency or symbol. The result of a transaction is always on the second symbol. Also the relation between the symbols is 1 Base symbol is equal to x resulting symbol.
Market Entry Price USD/CHF 1.40
Market Exit price USD/ CHF 1.41
Transaction result profit/loss: 0.01 CHF (Swiss Franc)
Market Contract size: 100,000 (This is always the base currency - USD)
Result of this transaction in numbers profit/loss: 0.01 x 100,000 = 1,000 Swiss Francs
GOLD or XAU is the symbol for gold. The relation in this case is 1oz of gold is equal to x currency. Gold is the base symbol and the currency is resulting symbol.
Entry Price GOLD/USD 400
Exit Price GOLD/USD 401
Result P/L USD 1 x 100 oz (contract size) = P/L USD 100
Contract Sizes at Dunhill Scott
Currencies: Mini Accounts (10,000 Base Symbol), Regular Accounts (100,000 Base Symbol)
Gold: Mini Accounts (10 oz) Regular Accounts (100 oz)
Silver: Mini Accounts (500 oz) Regular Accounts (5,000 oz)
CFDs: Mini Accounts (100 shares) Regular Accounts (1,000 shares)
Oil: Regular Accounts (1,000 barrels)
Dow Jones: Regular Accounts (10 x Index)
For further details on energy products, indexes and other products please contact us directly.