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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

Symbol

Minimum Spread1

Typical Average Spread1

Symbol

Minimum Spread1

Typical Average Spread1

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.

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).

 

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