Learn how to open an FxPro trading account.
FxPro offers CFDs on spot gold and silver as a solution for both long- and short-term investment.
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.
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.
The minimum trade size is 10 ounces of gold and 500 ounces of silver.
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.
|Swap value in
|Pip Value per
Lot in USD
|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|
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|
|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|
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.’
Risk Warning: Contracts for Difference (‘CFDs’) are complex financial products that are traded on margin. Trading CFDs carries a high level of risk since leverage can work both to your advantage and disadvantage. As a result, CFDs may not be suitable for all investors because you may lose all your invested capital. You should not risk more than you are prepared to lose. Before deciding to trade, you need to ensure that you understand the risks involved taking into account your investment objectives and level of experience. Past performance of CFDs is not a reliable indicator of future results. Most CFDs have no set maturity date. Hence, a CFD position matures on the date you choose to close an existing open position. Seek independent advice, if necessary. Please read FxPro’s full ‘Risk Disclosure Statement’.
FxPro UK Limited is authorised and regulated by the Financial Conduct Authority (previously, Financial Services Authority) (registration no. 509956). FxPro Financial Services Limited is authorised and regulated by the Cyprus Securities and Exchange Commission (licence no. 078/07).
FxPro Group Limited is a holding company that controls FxPro Financial Services Limited. FxPro UK Limited is a direct operating subsidiary of FxPro Financial Services Limited. FxPro Financial Services Limited and FxPro UK Limited do not offer Contracts for Difference to residents of certain jurisdictions such as United States of America and the Islamic Republic of Iran.