Trading Spot Metals - Gold

Spot Metals

IronFX offers bespoke trading access to Spot Metals at Best-of-Market Spreads and spot execution without having additional foreign exchange exposure.

Trade Gold and Silver and take advantage of the emergence of spot metals as a strong asset class. IronFX offers CFDs on spot metals in both USD and EUR. Only 1% margin is required for spot metals.

IronFX offers

Commission-free trading for Spot Metals.
Trade Spot Gold and Silver versus USD and EUR.
Spot Metals are available for trading 23-hours a day 5-days a week.
Offered for both long and short-term speculation or as an investment alternative.
Leverage of 1:100 (required margin of 1%).
Opportunity to use Limit and Stop orders.

CFD on Spot Metals Contract Specifications

Spreads
Swaps
Contract Details

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	0.50	0.60
XAUUSD Spot Gold – USD	0.50	0.60

[1] The above spreads are applicable under normal trading conditions during day trading session. However there may be instances when market conditions cause spreads to widen beyond the typical average spreads displayed above;

Symbol	LONG²	SHORT²
XAGEUR Spot Silver – EUR	-2.78	0.29
XAGUSD Spot Silver – USD	-1.88	-0.26
XAUEUR Spot Gold – EUR	-2.28	0.23
XAUUSD Spot Gold – USD	-2.18	-0.30

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 client's trading account. The operation is conducted at 23.59 (server time) and can take several minutes.

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	0.02 X 5000 X Silver Mkt Price (in EUR)
XAGUSD Spot Silver – USD	0.01	0.01	5000 oz	0.02 X 5000 X Silver Mkt Price (in USD)
XAUEUR Spot Gold – EUR	0.01	0.01	100 oz	0.02 X 100 X Gold Mkt Price (in EUR)
XAUUSD Spot Gold – USD	0.01	0.01	100 oz	0.02 X 100 X Gold Mkt Price (in USD)

- Zero margin requirements for opening a hedged position provided free margin is positive (Margin Level > 100%);
- No commission applies;
- Trading takes place daily 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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Risk Warning
Forex and CFDs are leveraged products and involve a high level of risk. It is possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary.
IronFX Financial Services Limited is authorised and regulated by CySEC (Licence no. 125/10). and FSA Registered (no. 541486)
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