Learn how to open an FxPro trading account.
Best STP Broker
World Finance Foreign Exchange Awards 2012
Wednesday, May 22, 2013
Open Trading Account
Open Demo Account
Risk Warning: CFDs are leveraged products that incur a high level of risk and it is possible to lose all you invested. Please ensure that you understand the risks involved and seek independent advice if necessary.
Spot Metals - Trade Gold and Silver
FxPro offers CFDs on spot gold and silver as a solution for both long- and short-term investment.
Pricing
Prices for both gold and silver are currently quoted in USD and EUR. Trades can be leveraged up to 1:200, allowing maximum trading flexibility.
Spreads
The typical spread on spot gold is at $0.50 per ounce and $0.04 per ounce on spot silver, which are some of the most competitive in the market. The typical spread on spot Gold/EUR is at €0.80 per ounce and €0.06 per ounce on spot Silver/EUR. A trader can go both long and short on any of the two metals.
Order Sizes
The minimum trade size is 10 ounces of gold and 500 ounces of silver.
Swap / Rollover
If a trade is kept open overnight, then there is a swap/rollover cost/income calculated on that position. The cost or income is calculated as the overnight interest rate differential between the two currencies plus the commission charged by the company on which the position is held, depending on the type of the position (long/short).
It is important to remember that you can gain or lose on swap and, as such, you have either positive rollover or negative rollover. There is a possibility that some instruments may have negative rollover values on both sides, because FxPro charges its own commission on the interest rate differential of the overnight rate of the two currencies, and therefore the positive and negative values are decreased accordingly.
The ’swap’ is charged automatically on the account of the client and is converted into the currency that the account is denominated in. The ‘swap’ is charged at 23:59 server time (GMT+2). From Friday to Monday swap is charged once. From Wednesday to Thursday swap is charged at triple rate.
Contract Specifications
| Metal Description |
Minimum Price Fluctuation |
Swap value in points* |
Used Margin |
Pip Value per Lot in USD |
Minimum Spread ** |
||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| long | short | ||||||||||||||||||||
| GOLD Gold Spot |
0.01 | -2.02 | -0.56 | 0.5% | 1 USD | 0.50 | Gold Spot | GOLD | 100 oz | 0.5% | 0.50 | Spread | - | 1 USD | 0.01 | 0.1 lot | 0.1 lot | 1 Lot USD = 0.005 * (size of 1 lot) * (Gold market price) | 0 | 01:00 | 24.00 |
| GOLDEURO Gold EURO Spot |
0.01 | -1.09 | -0.91 | 0.5% | 1 * EURUSD | 0.80 | Gold EURO Spot | GOLDEURO | 100 oz | 0.5% | 0.8 | Spread | - | 1 EUR | 0.01 | 0.1 lot | 0.1 lot | 1 Lot EUR= 0.005 * (size of 1 lot) * (GOLDEURO market price) | 0 | 01:00 | 24.00 |
| SILVER Silver Spot |
0.01 | -1.75 | -0.48 | 0.5% | 50 USD | 0.04 | Silver Spot | SILVER | 5000 oz | 0.5% | 0.04 | Spread | - | 50 USD | 0.01 | 0.1 lot | 0.1 lot | 1 Lot USD = 0.005 * (Size of 1 lot) * (Silver market price) | 0 | 01:00 | 24.00 |
| SILVEREURO Silver EURO Spot |
0.01 | -0.95 | -0.79 | 0.5% | 50 * EURUSD | 0.06 | Silver EURO Spot | SILVEREURO | 5000 oz | 0.5% | 0.06 | Spread | - | 50 EUR | 0.01 | 0.1 lot | 0.1 lot | 1 Lot EUR= 0.005 * (Size of 1 lot) * (SILVEREURO market price) | 0 | 01:00 | 24.00 |
* Swap or Rollover is the interest added or deducted.
** Minimum level for placing SL and TP as well as Stop and Limit Orders from a current market price.
*** The above spreads are applicable under normal trading conditions. FxPro has the right to amend the above spreads according to market conditions as per the ’Terms and Conditions.’
