Why Trade Gold and Silver through FXCM?

  • No Re-quotes on all metal products, giving you fast, efficient trade execution without expensive re-quotes.
  • 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 Spread ‡ Minimum
Stop
Distance
(Points)		 Trading Hours (GMT) Break Time (GMT)
    USD GBP EUR        
XAU/USD 1 4 3 3 0.5 0.1 Sun 22.00 -
Fri 20.00		 Daily 21:00 until 22:00
XAG/USD 50 7.5 5 5 0.04 0.01 Sun 22.00 -
Fri 20.00		 Daily 21:00 until 22:00

(Market Closed Daily between 22:00 and 23:00 GMT)

‡ Please note that 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 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.

Gold/Silver Rollover Explained

Spot Gold/Silver Rollover will be performed in the same manner as our forex instruments.
Read more.

CFD Product Guide