In line with growing market demand, we offer oil, gold, platinum and silver spot trading to our clients, through the FOREXYARD Standard trading platform.
How does it work?
In two words: simply and easily. Spot gold, silver, platinum and oil trades are executed in much the same way as foreign currency pairs are traded over the FOREXYARD platform, with transactions being made against the dollar, and as with currencies, we offer our clients highly competitive spreads and margins.
Due to the nature of trading such financial instruments, you will notice a number of small differences including market hours as well as denomination and minimum contract sizes: prices quoted are per ounce (metals) or per barrel (oil).
| Spread | Margin Requirement | % Margin Req. * | Min. Contract Size | Leverage ** | |
|---|---|---|---|---|---|
| Gold | $1 | $1000 / 100 Oz | 1% | 100 | x100 |
| Mini Gold | $1.2 | $100 / 10 Oz | 1% | 10 | x100 |
| Oil | $0.06 | $250 / 100 Barrels | 2.5% | 100 | x40 |
| Mini Oil | $0.08 | $25 / 10 Barrels | 2.5% | 10 | x40 |
| Silver | $0.06 | $250 / 1000 Oz | 2.5% | 1000 | x40 |
| Platinum | $5 | $1000 / 100 Oz | 1% | 100 | x100 |
Trading gold, silver, platinum and oil does not require any additional software download, as they are available on the FOREXYARD platform, however due to the minimum lot sizes involved, you must hold a Standard account.
If you have any further questions please do not hesitate to contact our dealing desk, available 24 hours during market open days.
* Margin Requirements may change without notice due to market and/or price changes within the individual instrument.
** Leverage and Margin are an approximation and not an exact figure, as margin requirements are standardized. This means that from transaction to transaction, margin requirements will not change while leverage/margin may become more or less favorable.
