Spot metals

Your own gold reserves

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FOREX trading implies serious risk and can result in the loss of your invested capital

Gold and silver

  • Eternal values
  • Low spreads
  • A chance to hedge your currency assets
  • Haven in times of financial storms
  • Short-term speculation
  • Long-term investment

Spot-metals trading rules

The minimum amount of contract is 100 ounce for Gold and 5000 ounce for Silver. Quotes for Gold and Silver are shown in USD and Euro. You can see it from the name of the contracts.

Nowadays prices for Gold and Silver are quoted in USD and Euro. 

You can open both long (buy) and short (sell) positions. But remember that if you roll over your position to the following day the swap/rollover is charged. Swap varies depending on the asset and trader’s position (long or short)

How much does the troy ounce weigh

Although gold trading is conducted in troy ounces, central banks usually use tons in their reports.



Contracts specifications

Ticker Typical spread Max volume1 Swap2 Standard lot size Collateral Collateral for lock position3 One point value Commission EET trading hours4
Long Short
XAG/USD 2 cents 5 -0,07 0,02 5 000 oz tr 5 000 oz tr 1 250 oz tr 5 USD 0 Mon: 0105 — 2355
Tue: 0105 — 2355
Wed: 0105 — 2355
Thu: 0105 — 2355
Fri: 0105 — 2355
XAU/USD 30 cents 5 -5,06 2,7 100 oz tr 100 oz tr 25 oz tr 1 USD 0 Mon: 0105 — 2355
Tue: 0105 — 2355
Wed: 0105 — 2355
Thu: 0105 — 2355
Fri: 0105 — 2355
Ticker Typical spread Max volume1 Swap2 Standard lot size Collateral Collateral for lock position3 One point value Commission EET trading hours4
Long Short
XAG/USD 1.2 cents 40 -0,07 0,02 5 000 oz tr 5 000 oz tr 1 250 oz tr 5 USD 0,003 % Mon: 0105 — 2355
Tue: 0105 — 2355
Wed: 0105 — 2355
Thu: 0105 — 2355
Fri: 0105 — 2355
XAU/USD 15 cents 40 -5,06 2,7 100 oz tr 100 oz tr 25 oz tr 1 USD 0,003 % Mon: 0105 — 2355
Tue: 0105 — 2355
Wed: 0105 — 2355
Thu: 0105 — 2355
Fri: 0105 — 2355
Ticker Typical spread Max volume1 Swap2 Standard lot size Collateral3 One point value Commission EET trading hours4
Long Short
XAG/USD 1.2 cents 4000 -0,07 0,02 50 oz tr 16.5 oz tr 0,05 USD 0,05 USD Mon: 0105 — 2355
Tue: 0105 — 2355
Wed: 0105 — 2355
Thu: 0105 — 2355
Fri: 0105 — 2355
XAU/USD 15 cents 4000 -5,06 2,7 1 oz tr 0.33 oz tr 0,01 USD 0,05 USD Mon: 0105 — 2355
Tue: 0105 — 2355
Wed: 0105 — 2355
Thu: 0105 — 2355
Fri: 0105 — 2355
Ticker Typical spread Max volume1 Swap2 Standard lot size Collateral One point value Commission EET trading hours3
Long Short
XAG/USD 1.2 cents 20000 -0,07 0,02 50 oz tr 0,5 oz tr 0,05 USD 0,003 % Mon: 0105 — 2355
Tue: 0105 — 2355
Wed: 0105 — 2355
Thu: 0105 — 2355
Fri: 0105 — 2355
XAU/USD 15 cents 100000 -5,06 2,7 1 oz tr 0,01 oz tr 0,01 USD 0,003 % Mon: 0105 — 2355
Tue: 0105 — 2355
Wed: 0105 — 2355
Thu: 0105 — 2355
Fri: 0105 — 2355

Golden bullions

Gold prices are set every day on the London Gold Fixing – a traditional ceremony which gold market-maker banks take part in. Object of the trade is good-deliver bullions – bullions of standardized size and quality.

  • The weight of the bullion should be 250-400 troy ounces
  • Minimum acceptable fineness is 995.0 parts per 1,000 parts fine gold.
  • A bullion should be flawless and have even surface.
  • The bars should have a stamp of the producer* with weight in multiples of 0.025 oz rounded down to the nearest multiple.

 

* Only gold producers from London good delivery list – List of acceptable melters and assayers are eligible to stamp.

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FOREX trading implies serious risk and can result in the loss of your invested capital

1 In the period from 23:55 till 00:05 EET (bank rollover) liquidity is reducing, spread and processing time of customer orders may be increased.

2 Maximum volume of a transaction expressed in lot. 

3 The figures in columns represent the quantity of points charged to a customer’s open position if it is rolled over to the following day. These values are calculated based on differences between short-term interest rates. Since the value date is the second business day after a transaction is entered into, Monday next week is the value date for transactions entered on Wednesday. Accordingly, from Wednesday to Thursday swaps are charged in triple size.

4 Collateral for a lock position is calculated as follows: For example, we have an open buy position of 1.0 EUR/USD and a sell position of 1.0 EUR/USD; for this lock position (with leverage of 1 to 100) for МТ4 collateral will be 250 EUR + 250 EUR = 500 EUR.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this broker. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this broker. Before deciding to trade foreign exchange you should consider whether you understand how CFDs work, your investment objectives, your level of experience and readiness of taking risk. The possibility exists that you could sustain a loss of some or of all of your initial investments and therefore you should not risk more than you are prepared to lose. Please seek independent financial advice if necessary.

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