Spot, not futures
Metals are quoted as spot CFDs, so there is no contract expiry to roll and no calendar spread to price into your position.
Metals
Trade metals with pricing you can audit.
Precious metals sit between a currency and a commodity, and they trade like both. Gold and silver price off the same spot venues the bullion market uses, with leverage up to 1:50 and no overnight gap risk from a futures roll.
- Instruments
- 4
- Spread from
- 0.018
- Session
- 24/5
- Max leverage
- Up to 1:200
Why metals
Gold, silver, platinum and palladium against the deepest spot venues.
The portfolio hedge
Gold has historically carried a low or negative correlation to equity indices, which is why it bids when risk assets do not.
Genuine 24/5 depth
Liquidity persists through the Asian session rather than thinning to a token quote, so Asia-hours strategies are tradable.
Market drivers
What actually moves metals
Four forces explain most of the variance. Everything else is noise around them.
- 01Real yields — gold pays no coupon, so it competes directly with inflation-adjusted rates
- 02Dollar strength, since metals are dollar-denominated globally
- 03Central bank reserve buying, which has been the dominant structural bid
- 04Industrial demand, which drives silver, platinum and palladium far more than gold
See specifications
Every metals instrument we quote
Spreads are typical values on a Pro account during the most liquid session for the instrument. Margin is derived directly from the leverage cap.
| Symbol | Instrument | Spread from | Tick size | Price precision | Max leverage | Margin | Hours |
|---|---|---|---|---|---|---|---|
| XAU/USD | Gold Spot | 0.120USD | 0.01 | 2 dp | 1:200 | 0.5% | 24/5 |
| XAG/USD | Silver Spot | 0.018USD | 0.001 | 3 dp | 1:200 | 0.5% | 24/5 |
| XPT/USD | Platinum Spot | 1.400USD | 0.01 | 2 dp | 1:200 | 0.5% | 24/5 |
| XPD/USD | Palladium Spot | 2.800USD | 0.01 | 2 dp | 1:200 | 0.5% | 24/5 |
Before the ticket
Size a metals position
The calculator opens on this market. Change the instrument, lot size and stop to see margin, pip value and the exact loss at your stop.
Position calculator
Margin · pip value · risk
100.00 ounces
lots
1:20
Fixed for Metals.
$
@ 2,431.600
pips
@ 2,432.350
pips
Reference price
2,431.850
- Notional value
- $243,185
- Margin required
- $12,159.25
- Free margin after
- -$2,159.25
- Pip value
- $1.00 / pips
- Spread cost
- $0.12
Loss at stop
−$25.00
0.25% of balance
Profit at target
+$50.00
2.00:1 reward-to-risk
Risk vs 2% reference
WithinThis position needs more margin than the account holds. Reduce the lot size or increase the balance.
Figures are indicative and use a reference price rather than a live quote. Actual margin and spread are applied by the platform at execution.
Getting started
From signup to first ticket in one session
Four steps, none of which depend on us calling you back. The slowest part is usually the bank.
Step 1 of 4
Register
Create the account with an email address and a phone number. You reach the client area immediately and can explore the platforms on a demo balance while verification runs.
- No deposit required to open the account
- Demo balance available from the first login
- One login for every platform and every market
Also on your account
Indices — Trade the UT100-20 (Nasdaq 100) alongside leading global benchmarks.
MARKET FOCUS 01
Forex
Track currency strength and trade major, minor and exotic pairs from one watchlist.
Leverage: Up to 1:100
Spreads shown are typical values on a Pro account during the London and New York overlap. See the full spec sheet.