Gold & Silver
Why Trade Gold and Silver through Friedberg Direct?
- No Re-Quotes** on all metal products, giving you fast, efficient trade execution without expensive re-quotes.
- Low Transaction Costs. Trade Commission Free*, no exchange fees, & no clearing fees. The transaction cost is the spread, the difference between the buy and sell price.
- Greater Ease of Trading. Gold and Silver are traded alongside currencies on the Trading Station, providing you with convenient, intuitive, one-click trading.
- Hedging Capability. You can go long or short spot gold in the same account and hedge your positions.
- Advanced Charting. Trade gold from Friedberg Direct's advanced charting package.
Gold (XAU/USD) and Silver (XAG/USD) Trading Hours
Gold and Silver trading will commence on Sunday at 23.00 GMT. Furthermore, there will be a daily break in gold and silver trading at 22.00 GMT and trading in Gold and Silver will resume at 23.00 GMT. During the break, you will not be able to place market orders, and limit/stops cannot be placed and/or amended . Full details of Gold and Silver trading can be found on page sixteen of the CFD Product Guide.
Gold/Silver Rollover Explained
Spot Gold/Silver Rollover will be performed in the same manner as our forex instruments.
*Spreads & Commissions: Dynamic live streaming spread figures shown are from the Best Bid/Best Offer pricing engine. Static historical spread figures are time-weighted averages derived from tradable prices from 1 October 2015 to December 31 2015. Spreads are variable and during normal market hours are subject to delay. We strive to provide traders with tight, competitive spreads; however, there may be instances when market conditions cause spreads to widen well beyond the spreads displayed here.
Advertised spreads & commissions may not apply to all accounts. Some accounts, such as those referred by certain referring agents or those using third party technology, may be subject to a spread markup and/or additional commission. Accounts set to a commission structure will be charged in the currency denomination of the account.
The figures above are provided for information purposes only, and are not intended for trading purposes or advice. We are not liable for any information errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein.
*Compensation: When executing customers' trades, Friedberg Direct powered by FXCM Technology can be compensated in several ways, which include, but are not limited to: charging fixed lot-based commissions at the open and close of a trade, adding a markup to the spreads it receives from its liquidity providers for certain account types, and adding a markup to rollover.
† Leverage is a double-edged sword, and can dramatically amplify your profits. It can also just as dramatically amplify your losses. Trading foreign exchange with any level of leverage may not be suitable for all investors.
** Friedberg Direct maintains a no re-quote policy for forex orders, indices, metals, and oil. Circumstances may exist based on order size, trading pattern, and/or market conditions when individuals may not receive execution at the requested rate. In such cases, orders are executed at the next available rate within the trader's parameters. All prices are subject to the activity and conditions in the underlying market.