Gold & Silver
CFDs
Why Trade Gold and Silver through FXCM?
- No Re-Quotes: Trade without expensive re-quotes on all metal products.
- Lower Transaction Costs: Trade Commission Free.* The costs are the spread. FXCM spreads are not set by an individual broker's dealing desk. Instead, they come from some of the world's largest banks, who compete to offer FXCM with the best price (i.e., the tightest bid/ask spread).
- Greater Ease of Trading: Gold and silver are traded alongside currencies on FXCM Trading Station II, providing you with convenient, intuitive, one-click trading.
- Generous Leverage:† You can trade with 200:1 leverage, or 0.5% margin. Trading in the futures market requires large contracts—$4000 margin to maintain a 100-ounce position is common. In the futures market leverage is usually limited to 25 to 1.
- Hedging Capability: You can go long or short spot gold in the same account and hedge your positions.
- Advanced Charting: Trade gold from FXCM's advanced charting package.
Product Details
| Instrument Name | Minimum Trade Size |
Margin Requirement Per Min Trade Size |
Target FXCM Spread | Minimum Stop Distance (Points) |
Trading Hours* | Break Time* | ||
|---|---|---|---|---|---|---|---|---|
| USD | GBP | EUR | ||||||
| XAU/USD | 1 | 4 | 3 | 3 | 0.5 | 1 | Sun 23.00 - Fri 21.00 |
Daily 22:00 until 23:00 |
| XAG/USD | 50 | 7.5 | 5 | 5 | 0.05 | 1 | Sun 23.00 - Fri 21.00 |
Daily 22:00 until 23:00 |
(Market Closed Daily between 22:00 and 23:00 GMT)
‡
FXCM strives to provide traders with tight, competitive spreads; however, there may be instances when market conditions cause spreads to widen beyond the typical spreads displayed here. Additionally, typical spreads may not be applicable to Japanese-yen-denominated accounts or client accounts of referring brokers. Certain currency pairs may not be available for all account types. For additional information about widened spreads, click here.
Gold (XAU/USD) and Silver (XAG/USD) Trading Hours
Gold and silver trading will commence on Sunday at 23.00 GMT. Furthermore, there will be a daily break in gold and silver trading at 22.00 GMT and trading in gold and silver will resume at 23.00 GMT. During the break, you will not be able to place market orders, and limit/stops cannot be placed and/or amended . Full details of gold and silver trading can be found on page sixteen of the CFD PDS.
Trading Metals on Margin
- Leverage to trade is set at 200-1, or 0.5% margin. Therefore, with each $1 in your account you control $200.
- Margin is the funds in your account necessary to back an individual trade. With 0.5% margin, you must keep in your account a cash balance of .5% of the total value of your position(s) in order to maintain the position.
Gold/Silver Rollover Explained
Spot Gold/Silver Rollover will be performed in the same manner as our forex instruments.
Read more.
* FXCM is compensated through the bid/ask spread except where otherwise noted. Please note commission charges apply for certain classes of non-standard accounts such as Active Trader.
† Without proper risk management, currency trading has a high degree of leverage that can lead to large losses as well as gains.