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What are precious metals?
In the Forex market, it’s gold, silver. Gold is obviously the most attractive and the most traded one. However, the other ones, especially silver, showed that they can be very volatile, too, and hence, provide a lot of trading opportunities. Potentially, including precious metals into your portfolio may not only diversity it but increase its long-term profitability.
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How to trade metals?
There are certain factors that make trading precious metals and specifically gold very attractive. The main one is the fundamental predictability of the gold price based on its inversed relation to the global economic trends. If things go bad, investors seek refuge in gold – and its price rises. If the global economy is booming and optimistic moods are pushing traders to risk more – gold will normally slide down. That’s exactly why the virus crisis of 2020 made gold reach all-time highs above $2000!
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How to trade gold and silver with FBS?
FBS offers a wide variety of accounts for trading precious metals. Open a Standard, Cent, Micro, or Zero spread account with spreads most suitable for your needs. Once you open an account, you can enhance your financial knowledge with educational materials from FBS market experts. Learn how to trade gold and delve into precious metal analysis to benefit from one of the oldest trading instruments with FBS.
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What are the benefits of trading precious metals?
Precious metals are widely considered a safe haven asset, hedge against inflation, and portfolio diversifier. With a higher level of liquidity, they also provide many beneficial trading opportunities, especially during times of economic uncertainty.
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What is the best leverage ratio for trading precious metals?
As a beginner, you can start with a minimum leverage ratio that a broker provides. Once you gain more experience, you can choose higher leverage and benefit from trading XAUUSD and XAGUSD pairs.
FBS provides an opportunity to trade with leverage from 1:50 to 1:3000. You can choose leverage when opening an account.
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Do gold and silver move together?
Gold and silver prices usually correlate – if the gold price rises, so does the silver price.
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What is the minimum lot size for gold and silver?
The minimum lot size for trading XAUUSD and XAGUSD is 0.10.
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Which type of Real accounts at FBS is available for trading precious metals?
You can start spot metals trading at FBS using a Cent, Standard, Zero spread, and Micro accounts.
Precious Metals Trading with Standard Account
Choose a type of trading account
Search for the best trading instrument. The table shows all instruments available to trade with FBS broker
Minimal Spread
Typical Spread
Swap Long
Swap Short
Stop level
Account type: Standard, Group: Metals
- Minimal Spread
- Typical Spread
- Swap Long
- Swap Short
- Stop level
The value is given for 4-digit quotes. In 5-digit quotes the fourth digit after a comma is indicated (0.0001). In 3-digit quotes - the second digit after a comma (0.01). For example, in EURUSD quote - 1.36125; in USDJPY quote - 101.852
On Islamic accounts (Swap Free), there is a weekly commission for long-term positions of Forex Exotic.
CNHJPY: buy -102.06, sell -24.78;
EURCNH: buy -63.07, sell -11.69;
EURTRY: buy -301.00, sell 0;
USDBRL: buy -412.93, sell -22.05;
USDCNH: buy -66.78, sell -12.67;
USDMXN: buy -121.24, sell 0;
USDSGD: buy -70.21, sell -63.56;
USDTRY: buy -267.12, sell 0;
USDZAR: buy -114.52, sell 0.
Notice that in MT5 a commission is charged when you open a deal. In the Trade window for your open position the profit doesn’t include the commissions.
