Products

SPOT METALS

Silver and Spot Gold

Spot silver (XAG) and Spot gold (XAU) are tradable commodities offered by FXCoin 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.

FXCoin  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 Haven: Spot metal trading is considered to be a safe haven. 

FXCoin 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

 

  • Spreads

Symbol

Minimum Spread

Typical Average Spread

XAGEUR
Spot Silver - EUR

0.04

0.05

XAGUSD
Spot Silver - USD

0.04

0.05

XAUEUR
Spot Gold - EUR

0.5

0.6

XAUUSD
Spot Gold - USD

0.5

0.5

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.


 

  • Swaps
Symbol LONG2 SHORT2
XAUUSD 
Spot Gold - USD
-5.575 -1.76
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.


 

  • Contract Details
Symbol Minimum Lot Size Minimum Price Fluctuation (Tick) Size of 1 Lot Used 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).

 

LICENSE : FXCBroker has a licensed and CIF governed and supervised by the Securities and Exchange Commission (CySEC) . FXCBroker is licensed to provide Investment Services (Reception and Transmission, Execution and Dealing on own account) and Ancillary Services.


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