The Benefits of Trading Gold & Silver with FXCM

  • No Re-quotes* This will provide traders with a faster and more efficient trade execution (without expensive re-quotes).
  • Lower Transaction Costs. FXCM doesn’t charge any commissions**, The costs are the spread. FXCM spreads are not set by an individual broker's dealing desk. Instead, they are supplied by some of the biggest global banks, who compete to provide FXCM with the best price available on the market, 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.† We offer up to 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 hedge your position on spot gold by going long or short in the same account.
  • Advanced Charting. You can trade directly from FXCM's advanced charting package.

Product Details

Instrument
Name		Minimum
Trade
Size		Margin Requirement
Per Min Trade Size		Target Spread ***Minimum
Stop
Distance
(Points)
USDGBPEUR
XAU/USD 1 4 3 3 0.5 0.1
XAG/USD 50 7.5 5 5 0.05 0.01

For trading times and more details, please refer to the Product Guide

*** Important note: FXCM always seeks to offer traders with tight and competitive spreads. Nonetheless, market conditions can sometimes widen spreads more than the typical spreads shown in the table above. 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 begins on Sunday at 23.00 GMT. Please be advised that there is a daily break in gold and silver trading at 22.00 GMT and that trading resumes at 23.00 GMT. During the break, you cannot place or amend market orders and limit/stops. For more details on Gold and Silver trading, please refer to page 16 of the CFD Product Guide.

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.

Rollover

Rollover for spot Gold/Silver is the same as for FX instruments.
Read more.

CFD Product Guide