Trade Metal with Alain FX

Gold Trading and other precious metals, along with crude oil, copper or petroleum, are hard commodities that play a major role in the commodities market and are contract-based tradable goods. The contracts based on precious metals can include futures, spot prices, forwards and options.

The most frequently traded precious metals are gold, platinum, palladium and silver, and the high trading volume on these commodities is attributed to their retained intrinsic value, regardless of economic conditions. The preference for the online purchase, and even physical ownership, of precious metals as long-term investment has tremendously increased in recent decades. Trading precious metals also presents opportunities for those interested in short-term investment since derivatives and exchange-traded contracts are a less capital-intensive and simpler way to take a position on their price movements.

Historical Overview of Gold Trading and Precious Metals

Precious metals, and gold in particular, have always the symbol of wealth. As far as prehistoric times, when gold was used in bartering, and throughout the centuries, whether in the form of coins, or bars and billions of fixed purity and weight, gold has been a valuable and much sought-after asset. The first gold coins were struck in 600 BC and its use for monetary exchange (gold standard) lasted as long as the 1930s. As a highly electrically conductive and malleable metal, gold is non-reactive to other elements, and it is used in several industries from jewellery, commercial chemistry and electronics to medicine. Gold as commodity money was only replaced by the fiat currency system after 1976, but it has continued to remain a solid investment asset until today.

Along with gold, for over 4 thousand years silver has also been used for monetary exchange with the silver standard lasting until the 19th century. The industrial, commercial, and consumer demand make silver a strong asset to invest in, and derivatives like silver futures are traded on various exchange markets in the world. With the advent of online trading, silver exchange-traded products have been an easy way for investors to gain exposure to the price of silvers and invest in it long term.

Instrument Spread from 1 contract Pip value* Min Contract Min Margin
XAU / USD 0.50 100 troy ounces 1 USD 5 troy ounces 25 USD
XAU / EUR 0.65 100 troy ounces 1 EUR 5 troy ounces 25 EUR
XAU / GBP 1.70 100 troy ounces 1 GBP 5 troy ounces 20 GBP
XAU / JPY 140 100 troy ounces 100 JPY 5 troy ounces 3,000 JPY
XAU / CHF 1.20 100 troy ounces 1 CHF 5 troy ounces 25 CHF
XAU / AUD 1.20 100 troy ounces 1 AUD 5 troy ounces 25 AUD
XAU / NZD 2.00 100 troy ounces 1 NZD 5 troy ounces 30 NZD
XAU / CAD 2.00 100 troy ounces 1 CAD 5 troy ounces 25 CAD
XAU / XAG 0.1200 100 troy ounces 0.01 XAG 5 troy ounces 0.75 XAG
XAU / SGD 2.00 100 troy ounces 1 SGD 5 troy ounces 50 SGD
XAU / RUB 800.0 100 troy ounces 10 RUB 5 troy ounces 1,000 RUB
XAG / USD 0.0500 1,000 troy ounces 0.10 USD 150 troy ounces 25 USD
XAG / EUR 0.0600 1,000 troy ounces 0.10 EUR 150 troy ounces 25 EUR
XAG / GBP 0.0850 1,000 troy ounces 0.10 GBP 150 troy ounces 20 GBP
XAG / JPY 750 1,000 troy ounces 0.10 JPY 150 troy ounces 3,000 JPY
XAG / CHF 0.0850 1,000 troy ounces 0.10 CHF 150 troy ounces 25 CHF
XAG / AUD 0.0700 1,000 troy ounces 0.10 AUD 150 troy ounces 25 AUD
XAG / NZD 0.0850 1,000 troy ounces 0.10 NZD 150 troy ounces 30 NZD
XAG / CAD 0.0850 1,000 troy ounces 0.10 CAD 150 troy ounces 25 CAD
XAG / SGD 0.0900 1,000 troy ounces 0.10 SDG 150 troy ounces 50 SGD
XAG / RUB 2.6600 1,000 troy ounces 0.10 RUB 150 troy ounces 1,000 RUB
XPT / USD 4.75 50 troy ounces 0.50 USD 1 troy ounce 25 USD
XPT / RUB 4000.0 50 troy ounces 5 RUB 1 troy ounce 1,000 RUB
XPD / USD 4.00 100 troy ounces 1 USD 1 troy ounce 25 USD
XPD / RUB 4000.0 100 troy ounces 10 RUB 1 troy ounce 1,000 RUB
CPR / USD 0.0045 25,000 pounds 2.50 USD 250 pounds 25 USD

*Value per pip per 1 contract The pip value is shown in the non-base currency, the spread is a decimal resulting from the difference of BID and ASK, i.e. 120.264 - 120.238 = 0.026.

**Minimum margins to trade and contracts we show an approximation of margin based on how the financial markets display prices. Margins will vary based on your base currency.