FAQs: Spot Metal Trading

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Gold can be traded in 1 oz. increments; the minimum size for a Gold trade is 1 oz. Silver can be traded in 100 oz. increments; the minimum size for a Silver trade is 100 oz.

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No, you will not have to lower the leverage on your account. Gold will calculate margin at 200:1 and Silver at 100:1 if leverage on your trading account is set at greater than 200:1. The GTS platform will continue to calculate your Forex transactions at the leverage you have specified. If leverage on your Forex account is 100:1 or less, the GTS system will leverage your entire account, including precious metals trading, at the leverage specified.

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FX Solutions' spot metal trading hours are 24 hours a day beginning on Sunday at 18:00 ET and continuing through Friday at 16:30 ET, with the exception of a 45-minute period when trading is closed from 17:15 ET to 18:00 ET, Monday through Friday.

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For gold and silver trading, the end of day process works as it does in the Spot Forex market: you receive or pay financing charges (premiums). If long, you pay a financing charge of LIBOR plus 3%; if short you earn LIBOR minus 3%.

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Gold is quoted in 1-cent increments. If you have bought an ounce of gold at $915.23, then closed your position at $916.23, you have a profit of $1.00. You can use the platform's calculator to determine your P/L for gold trading and silver trading in real time.

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No, Gold and Silver are spot market products. They are continuously rolled over until you close the position.

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No, you can conduct Gold and Silver trades using the FX Solutions account you already have.

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No, adding margin is not necessary to trade gold and silver.