Trading

Metals

Trade metals & CFDs on gold and silver

You can trade CFDs on spot metals with Legend Brokers and discovery new trading opportunities. Trade gold CFDs, silver CFDs or platinum CFDs without the need to buy physical metals. We provide our clients with access to both precious and base metals. Legend Brokers is the gold standard in trading CFDs on such precious metals as gold and silver.

Why Trade Spot Metals?

Metals are commodities that can be traded on the metal exchanges such as the London Metal Exchange (LME), the New York Mercantile Exchange (NYMEX) and the Shanghai Gold Exchange. Commodities trading used to require time, money and expertise, whereas now, trading has been democratized with more choices for participation. Trading CFDs on hard metals such as gold, silver, platinum and palladium has become a popular form of derivative trading, allowing investors to speculate on the rising and falling prices of the commodities market.

When traders invest in spot metals, they are basically exchanging a spot metal for a currency. Gold is the most popular commodity offering high liquidity and trading it through CFDs allows for substantial leverage and measured risk. Platinum, palladium and silver are also important due to their industrial applications as well as their use in the manufacturing of jewelry. Platinum is considered the most volatile of the precious metals, while the less known palladium has more industrial uses.

SPREADS

Symbol Minimum Spread Typical Average Spread
XAGEUR Spot Silver - EUR 0.04 0.05
XAGUSD Spot Silver - USD 0.04 0.05
XAUEUR Spot Gold - EUR 0.5 0.6
XAUUSD Spot Gold - USD 0.5 0.5
XPTUSD Spot Platinum - USD 4 4
XPDUSD Spot Palladium - USD 4.5 4.5

CONTRACT DETAILS

Symbol Minimum Lot Size Minimum Price Fluctuation Used Margin Per 1 Lot
XAGEUR Spot Silver - EUR 0.01 0.01 1% X 5000 X Silver Mkt Price (in EUR)
XAGUSD Spot Silver - USD 0.01 0.01 1% X 5000 X Silver Mkt Price (in USD)
XAUEUR Spot Gold - EUR 0.01 0.01 1% X 100 X Gold Mkt Price (in EUR)
XAUUSD Spot Gold - USD 0.01 0.01 1% X 100 X Gold Mkt Price (in USD)
XPTUSD Spot Platinum - USD 0.01 0.01 2% X 50 X PT Mkt Price
XPDUSD Spot Palladium - USD 0.01 0.01 2% X 100 X PD Mkt Price

Important note: The Company, for risk management purposes, reserves the right to change the client’s account leverage based on trading activity or to reflect prevailing market conditions. A possible reduction in leverage may cause the liquidation of some or all of the client’s positions.


All spreads are indicative, to view real time values clients should refer to their client terminal.