Spot metals, such as gold (XAU) and silver (XAG) are tradable commodities offered on the ArgusFX platform at the best - of - market spreads and spot execution without having additional foreign exchange exposure.
Spot trading, similar to forex trading, is where investors take short or long positions, aiming to profit from fluctuations.
Trading is accessible 24 hours a day, 5 days a week. ArgusFX offers CFDs on spot metals, in both, USD and EUR. Only 3% margin required for spot metals.
Diversify your portfolio: Investors take advantage of spot trading as an emerging asset class in a bigger and well-balanced trading portfolio.
Hedging opportunities: Trading spot metals enhance opportunities for hedging in every liquid market, with investors gaining more exposure with limited risk.
Safe investment: Spot metal trading is considered to be a safe haven.
|Symbol||Average Spread||Swap Long in Points||Swap Short in Points||Size of 1 Lot||Minimum Price Fluctuation||Minimum Lot Size||Margin Requirement|
The swap rate dependents, mainly, on the level of interest rates, as well as the Company’s fee for having an open position overnight. The swap is converted, automatically, into the base currency of the client's trading account. The operation is conducted at 23.59 (server time) and can take several minutes.
Trading takes place between 01:00 to 24:00 server time Monday to Friday. Server time is GMT + 2 (GMT + 3 applies during daylight saving/summer time).
Please be advised that all margin rates will be continuously reviewed.