How to trade Precious Metals CFDs

  • What are the trading symbols for Gold, Silver, Palladium and Platinum?

    Metals are traded against the US dollar (USD) and, like standard Forex trades, are presented in pairs, as follows:

    • Gold = XAUUSD
    • Silver = XAGUSD
    • Platinum = XPTUSD
    • Palladium = XPDUSD

  • What are the trading hours for precious metals?

    The market for precious metal products - including Gold, Silver, Palladium, Platinum - opens at 1:00am Monday (Server time) and closes at midnight (24:00) on Friday (Server time). There is a break in the market between 24:00 and 1:00am (Server time) each morning.

    For more details please refer to our Product Schedule.

  • What is the minimum trade size for Gold/Silver/Platinum/Palladium?

    The minimum trade size for precious metals is 0.01 of a standard lot.

  • How do I calculate the required margin for Gold, Silver, Platinum and Palladium trades?

    Below are some examples explaining the formula for calculating the amount of margin required for trading precious metals:

      Gold (USD) - XAUUSD Silver (USD) - XAGUSD Platinum (USD) - XPTUSD Palladium (USD) = XPDUSD
    Position Size: 1 Standard lot 1 Standard lot 1 Standard lot 1 Standard lot
    Account Leverage: 1:100 1:100 1:100 1:100
    Price: $1,244.250 $15.835 $982.006 $596.601
    Margin Required: 1% 1% 1% 1%
    Total ounces per contract: 100 100 100 100
    Total exposure: 15.853 * 5000 = $79,265.00 = 15.835 * 5000 = $79,175.00 = $982.006 * 100 = $98,200.60 = $596.601 * 100 = $59,660.10
    Margin Requirement Calculation: = 1% * $124,425.00 = $1,244.25 = 1% * $79,265.00 = $791.75 = 1% * 98,200.60 = $982.01 = 1% * 59,660.10 = $596.60
    Margin Requirement:  @ 1:400 leverage applied = $311.06 @ 1:400 leverage applied = 791.75 * 0.25 = $197.93 @ 1:400 leverage applied= 982.01 * 0.25 = $245.50 @ 1:400 leverage applied = 596.60 * 0.25 = $149.15

  • What are the pip values on precious metals?

     

    Metal Tick size Price per tick per full lot
    Gold 0.01 $1USD
    Silver 0.001 $5USD
    Platinum 0.01 $1USD
    Palladium 0.01 $1USD