Thursday 23rd May 2013 09:07 PM
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.
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.
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.