Prior to 2015, users of Currenex were unable to trade gold as a listed asset as this professional trading platform was solely dedicated to the trading of currency assets. You will also see gold listed on brokerages that offer the ActTrader and JForex platforms, as well as the cTrader and the various mobile apps. Many market makers offer the MT4 platform and list gold as a pairing against the USD (XAU/USD) on these platforms. Gold Trading PlatformsThe platforms that are offered for gold trading are also important. Ensure you are able to select a broker that makes it affordable for you to trade gold. The contract specifications will differ from one region to another. This rule effectively locked out many traders from the platforms of US brokers.We see more of retail gold CFD trading on the platforms of ASIC-regulated, CySEC-regulated, and FCA-regulated brokers. For instance, brokers are mandated to offer gold futures and options contracts at a leverage not exceeding 1:20. The CFTC sets regulations on how retail participation in gold trading can be carried out, and sets out mandates for brokers on enforcement of same. For instance, the trading of gold is regulated by the Commodities and Futures Trading Commission (CFTC). RegulationCertain regulations guide the trading of gold. Gold is used as a safe haven for capital preservation when there is uncertainty in other markets.How to Choose a Gold BrokerThe predominant factors which you must consider in choosing a gold broker are: In this form, gold is traded as a contract-for-difference instrument, which does not involve physical exchange of the asset.Gold prices are mainly impacted by the state of the financial markets. Retail traders are able to access gold trading via the forex platforms, which list the gold asset as a pairing against the USD or Euro. The margin requirements for these trades on the exchanges are very high and are mostly out of the reach of retail traders. It is possible to conduct spot and futures contract trading on gold on the primary futures market: CME, COMEX, CBOT and NYMEX. Generally speaking, gold is traded mostly as spot contracts or futures contracts. The gold futures market is traded round the clock, except for a one-hour break within each trading day when the open outcry markets shut down and the CBOT markets kick in.Most of gold trading done in today’s market features the spot contracts (immediate settlement) and the futures contracts (settled in the future after 1 – 3 months). The primary market for gold trading is the futures market, located in the US and London. Available contracts for gold trading include: Gold is a tradable asset which is traded on contracts. Gold is classified as a hard commodity, which is extracted from the ground.
Gold is a spot metal that is traded on commodity exchanges as well as on forex platforms as a CFD asset. Impressive range of trader research tools and analysis.Competitive spreads and overnight swap charges.Commission-free trading accounts available.FP Markets does not accept applications from U.S, Japan or New Zealand residents or residents from any other country or jurisdiction where such distribution or use would be contrary to those local laws or regulations.
FP Markets is a group of companies which include, First Prudential Markets Ltd (registration number HE 372179), a company authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC License number 371/18, Registered Address: Griva Digeni, 109, Aigeo Court, 2nd floor, 3101, Limassol, Cyprus. First Prudential Markets Pty Ltd (ABN 16 112 600 281, AFS Licence No. A Product Disclosure Statement for each of the financial products available from FP Markets can be obtained either from this website or on request from our offices and should be considered before entering into transactions with us. FP Markets recommends that you seek independent advice from an appropriately qualified person before deciding to invest in or dispose of a derivative. Contracts for Difference (CFDs) are derivatives and can be risky When trading CFDs you do not own or have any rights to the CFDs underlying assets. You should consider the information in light of your objectives, financial situation and needs before making any decision about whether to acquire or dispose of any financial product. The information in this website has been prepared without taking into account your personal objectives, financial situation or needs. Commission, interest, platform fees, dividends, variation margin and other fees and charges may apply to financial products or services available from FP Markets. It does not constitute financial advice nor does it take into account your investment objectives, financial situation or particular needs. DISCLAIMER: This material on this website is intended for illustrative purposes and general information only.