Trade with AFB now the most traded, liquid and easily understood precious metals products on earth: Gold and Silver.
We offer our clients very tight spread on spot gold and silver with uninterrupted live pricing on our platform AFB Trading as well as trading precious metals futures with market spreads.
Benefits of trading with Precious Metals:
- Precious metals have been a solid hedge against a declining U.S. dollar
- Precious metals have been a proven safe-haven in times of war, political strife and uncertainty
- Precious metals can offer outstanding price appreciation and profit potential
Specifications:
Spot Precious Metals
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Product Name
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Symbol
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Contract Size
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Spread
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Stop-Limit Orders
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Minimum Fluctuation
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Margin
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Trading Hours (GMT)
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Gold
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XAUUSD
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100 oz
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0.5
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5 PIPS
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0.1 tick = $10
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1,000 USD
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Sun Open: 22:00 – 21:15 Reopen: 22:00 – 21:15
Fri Close: 21:15
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Silver
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XAGUSD
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5,000 oz
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0.05
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5 PIPS
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0.01 tick =$50
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1,000 USD
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Metals Futures
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Product Name
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Contract Size
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Symbol
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Spread
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Order
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Minimum Fluctuation
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Margin
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Months Traded
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Trading Hours (GMT)
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Gold
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100 oz
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GC
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Market Spread
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0.50
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0.1 = $10
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1,000 USD
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Feb, Apr, Jun, Aug, Dec.
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Sun Open: 22:00 – 21:15 Reopen: 22:00 – 21:15
Fri Close: 21:15
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Silver
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5,000 oz
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SI
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0.02
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0.005 = $25
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1,000 USD
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Mar, May, Jul, Sep, Dec.
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Examples
Example 1: Buying Spot XAUUSD Contract
A client believes that Gold price against US Dollar is going to rise in the future. To exploit the situation the client intends to buy GOLD (XAUUSD).
Spot gold quoted 760.20 /760.90; the client buys 4 lots at 760.90. This required a total margin of 4000 $ (margin of each lot is 1000 $).
As expected spot gold price rises to 780.50/780.20; the client decides to sell these 4 lots (close his positions). So he sells 4 lots at 780.50.
It's obvious that client has made a profit; to calculate it we should do the following:
(Closing price – opening price) – (780.5 – 760.90 = 19.6 $ per contract)
If each contract consists of 100 oz (the value of the gold contract) then we must multiple 19.6 by 100, the profit therefore will be 19.6 * 100 = 1960 $ per contract Gross profit: (1960 * 4 lots = 7840 $)
*Commission charges are NOT included in the above calculations
Example 2: Selling Silver Future (SI_0Y) Contract
A client believes that silver prices is going to fall in the future, silver future price is quoted 13.14/13.155. The client sells 6 lots at 13.14. This required a total margin of 6000 $ (margin for each lot is 1000 $).
The silver didn’t move in the client's favor and its price now is 13.22/13.23, the clients decides to buy 6 lots of silver future contract (close his positions), so he buys 6 lots at 13.23.
To calculate the loss of the client we should do the following:
(Closing price – opening price) – (13.23 - 13.14 = 0.09 $ per contract)
If each contract consists of 5000 oz (the value of the silver contract) then we must multiple 0.09 by 5000, the profit therefore will be 0.09 *5000= 450 $ per contract.
Gross Profit: (450*6lots = 2700 $)
*Commission charges are NOT included in the above calculations