Spot Gold and Silver

Spot gold (XAU) and spot silver (XAG) are tradable commodities offered by IronFX Global at the best-of-market spreads and spot execution without having additional foreign exchange exposure. Spot trading is done similarly to forex currency trading where investors take short or long positions of the metals’ prices. There is no centralised marketplace for spot gold or silver trading and thus trading is accessible 23 hours a day, 5 days a week. IronFX Global offers CFDs on spot metals in both USD and EUR.

There are many reasons why investors choose to trade spot metals :

Diversify your portfolio: Investors take advantage of spot trading as an emerging asset class in a bigger and well-balanced trading portfolio.

Hedging opportunities: Trading spot metals creates great opportunities for hedging in every liquid market, with investors gaining more exposure with limited risk.

Safe investment: Spot metal trading is considered to be a safe haven.


Trade gold and silver and take advantage of the emergence of spot metals as a strong asset class. IronFX Global offers CFDs on spot metals in both USD and EUR through our award winning trading platforms. Only 1% margin required for spot metals.

CFD on Spot Metals Contract Specifications
SymbolMinimum Spread1Typical Average Spread1
XAGEUR
Spot Silver - EUR
0.04 0.05
XAGUSD
Spot Silver - USD
0.04 0.05
XAUEUR
Spot Gold - EUR
0.50 0.60
XAUUSD
Spot Gold - USD
0.50 0.50
XPTUSD
Spot Platinum - USD
4 4
XPDUSD
Spot Palladium - USD
3 3

[1] The above spreads are applicable under normal trading conditions during day trading sessions. However, there may be instances when market conditions cause spreads to widen beyond the typical average spreads displayed above.

SymbolLONG2SHORT2
XAUUSD
Spot Gold - USD
-2.18 -1.44
XAUEUR
Spot Gold - EUR
-1.47 -1.20
XAGUSD
Spot Silver - USD
-1.74 -1.15
XAGEUR
Spot Silver - EUR
-1.18 -0.96
XPTUSD
Spot Platinum - USD
-2.22 -1.81
XPDUSD
Spot Palladium - USD
-2.27 -1.85

The swap rate is mainly dependent on the level of interest rates as well as the Company’s fee for having an open position overnight. The swap is automatically converted into the base currency of the clients trading account. The operation is conducted at 23.59 (server time) and can take several minutes.

SymbolMinimum Lot SizeMinimum Price Fluctuation (Tick)Size of 1 LotUsed Margin Per 1 Lot
XAGEUR
Spot Silver - EUR
0.01 0.01 5000 oz 1% X 5000 X Silver Mkt Price (in EUR)
XAGUSD
Spot Silver - USD
0.01 0.01 5000 oz 1% X 5000 X Silver Mkt Price (in USD)
XAUEUR
Spot Gold - EUR
0.01 0.01 100 oz 1% X 100 X Gold Mkt Price (in EUR)
XAUUSD
Spot Gold - USD
0.01 0.01 100 oz 1% X 100 X Gold Mkt Price (in USD)
XPTUSD
Spot Platinum - USD
0.01 0.01 50 Troy Oz 2% X 50 X PT Mkt Price
XPDUSD
Spot Palladium - USD
0.01 0.01 100 Troy Oz 2% X 100 X PD Mkt Price

Note:

  • Zero margin requirements for opening a hedged position provided free margin is positive (Margin Level > 100%);
  • No commission applies;
  • Trading takes place between 01:00 to 24:00 server time Monday to Friday. Server time is GMT + 2 (GMT + 3 applies during daylight saving/summer time).

Risk Warning: Our products are traded on margin and carry a high level of risk and it is possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved.

+44(0) 203 282 7777 support@IronFX.com
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