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Spot Gold and Silver

Spot Gold (XAU) and Spot Silver (XAG) are tradable commodities offered by IronFX 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 centralized marketplace for Spot Gold or Silver trading thus trading is accessible 23 hours a day,  5 days a week. IronFX 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 a very liquid market, with investors gaining more exposure with limited risk.  
  • Safe investment: Spot metal trading is a save heaven when the forex trading market is in turmoil and also as a safety precaution against inflation. 

Trade Gold and Silver and take advantage of the emergence of spot metals as a strong asset class. IronFX offers CFDs on spot metals in both USD and EUR. Only 1% margin is required for spot metals.

IronFX offers
  • Commission-free trading for Spot Metals.
  • Trade Spot Gold and Silver versus USD and EUR.
  • Spot Metals are available for trading 23-hours a day 5-days a week.
  • Offered for both long and short-term speculation or as an investment alternative.
  • Leverage of 1:100 (required margin of 1%).
  • Opportunity to use Limit and Stop orders.
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 0.60

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

SymbolLONG2SHORT2
XAGEUR
Spot Silver – EUR
-2.78 0.29
XAGUSD
Spot Silver – USD
-1.88 -0.26
XAUEUR
Spot Gold – EUR
-2.28 0.23
XAUUSD
Spot Gold – USD
-2.18 -0.30

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 client's 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 0.01 X 5000 X Silver Mkt Price (in EUR)
XAGUSD
Spot Silver – USD
0.01 0.01 5000 oz 0.01 X 5000 X Silver Mkt Price (in USD)
XAUEUR
Spot Gold – EUR
0.01 0.01 100 oz 0.01 X 100 X Gold Mkt Price (in EUR)
XAUUSD
Spot Gold – USD
0.01 0.01 100 oz 0.01 X 100 X Gold Mkt Price (in USD)


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

 
 
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