Metals

FXGiants offers CFDs trading on spot metals (XAU, XAG) 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.
Trade gold and silver and take advantage of the emergence of spot metals as a strong asset class.
CFD on Spot Metals Contract Specifications:

Symbol Minimum Spread
XAGUSD
Spot Silver - USD
0.05
XAUUSD
Spot Gold - USD
0.5

Notes:

  • 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).
Symbol Minimum Lot Size Minimum Price Fluctuation (Tick) Size of 1 Lot Used Margin Per 1 Lot
XAGUSD
Spot Silver - USD
0.01 0.01 5000 oz 1% X 5000 X Silver Mkt Price (in USD)
XAUUSD
Spot Gold - USD
0.01 0.01 100 oz 1% X 100 X Gold Mkt Price (in USD)

Notes:

  • 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).