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Rates & Conditions

Pricing
Prices for both gold and silver are currently quoted in USD and EUR. They are designated with these abbreviations:

Gold (XAU/USD) and (XAU/EUR)

Silver (XAG/USD) and (XAG/EUR)

With a required margin starting from 2%, trades can be leveraged up to 1:50, allowing maximum trading flexibility.

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Spreads
The typical spread on spot gold (XAU/USD) is at $0.50 per ounce and $0.04 per ounce on spot silver (XAG/USD), which are some of the most competitive in the market. The typical spread on spot Gold/EUR (XAU/USD) is at €0.80 per ounce and €0.06 per ounce on spot Silver/EUR (XAG/EUR). A trader is free to buy (go "long”) and sell (go "short”) on any of the two metals.

The above spreads are applicable under normal trading conditions. FXDANA has the right to amend the above spreads according to market conditions. More
Order Types
Traders can execute a number of orders with FXDANA, including:

•    Instant execution
•    Buy limit
•    Sell limit
•    Buy stop-Sell stop
•    Take profit
•    Stop loss
•    Good til cancelled
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Swap/Rollover
If a trade is kept open overnight, then there is a swap/rollover cost calculated on that position. The cost is calculated as the overnight interest rate differential. 

In the trading terminal the ’swap’ is automatically converted into the balance currency. The swap operation is conducted at 23:59 server time.  From Friday to Monday swap is charged once. From Wednesday to Thursday swap is charged at triple rate.
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Order Sizes
The minimum trade size is 10 ounces of gold and 500 ounces of silver.
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Dana Corporation is licensed and regulated by FSA Honduras www.fsa.hn. Dana Corporation's FSA registration number is 100973

Please be advised that the products and services offered by Dana Corporation, and described on www.fxdana.com, are not being offered within Canada, Australia or the United States, and are not being offered to U.S., Australian and Canadian residents or citizens, as defined under applicable law.

RISK NOTICE: Trading in over-the-counter international currencies, CFDs and options involves an extremely high degree of risk of loss and is not suitable for many people. Investors can, and frequently do, lose part or all of the funds they trade. An adverse price move, or other factors, can cause such losses. The use of leverage or options can substantially increase the risk of loss. Only the assumption of risk of loss gives rise to opportunity to profit. Carefully read our separate Risk Disclosure statements before depositing any funds and only use funds you can afford to lose.

* The high degree of leverage that is obtainable in foreign exchange trading can work against you as well as for you. Leverage can lead to large losses as well as gains.