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.
  • 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 FXCM Spread ‡ Minimum Stop Distance (Points)
    USD GBP EUR    
XAU/USD 1 4 3 3 0.5 0.1
XAG/USD 50 7.5 5 5 0.04 0.01

For trading times and more details, please refer to the Product Guide. Please be sure to check FXCM's holiday hours schedule which is updated prior to any holidays that may interrupt normal trading hours.

‡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 spreads displayed here. Additionally, 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.

FXCM does not permit the practice of arbitrage when trading Contracts for Difference (CFDs). Transactions that rely on price latency arbitrage opportunities may be revoked and FXCM reserves the right to make necessary corrections or adjustments on the account, without prior notice. In accordance with FXCM's Terms of Business, accounts that rely on arbitrage strategies may be subjected to intervention, which may include widening the spreads on your account.

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.

CFD Product Guide

* FXCM is compensated by a mark-up, which is automatically added to the spreads it receives from its liquidity providers, FXCM may also receive compensation for order flow from its liquidity providers. FXCM does not charge commissions on standard accounts, however, commission charges may apply for certain classes of non-standard accounts such as Active Trader.

† Leverage is a double-edged sword, and can dramatically amplify your profits. It can also just as dramatically amplify your losses. Trading foreign exchange with any level of leverage may not be suitable for all investors.

** Re-quotes occur when a trader makes an order at a specific price, but the order is rejected by a trading desk, and the trader is given a new price to accept or reject. Re-quotes can slow down your trading. FXCM cannot re-quote forex orders because those orders operate on straight through processing. FXCM also maintains a no re-quote policy for indices, metals, and oil, although those orders do not operate on straight through processing. Orders are executed at the best price available within the trader's parameters, subject to market liquidity at the time.