Gold Trading with CFDs

Trading Gold CFDs on Our Trading Platform

Gold trading is one of the oldest forms of transactions that dates back to the days when kingdoms and empires were trading with one another.

Today, gold trading is still popular not only among kings but also among professional and active traders across the globe.

Gold used to be traded in bullions, ingots and coins during ancient times. Today, gold is primarily traded in the form financial contracts – which usually don’t require the delivery or receipt of the physical product. This makes gold trading more accessible and efficient for traders who want to take advantage of price movements in this precious metal.

Considered as a safe haven in times of market volatility, gold attracts many traders who want to take advantage of the price movements, liquidity and certain level of volatility offered by this precious metal. With these price movements, also brings risk that you should make sure you consider before trading.

At Synergy FX, you can trade gold along with other Commodities CFD that we offer in our MT4 trading platform.

Important Contract Specifications for Gold CFDs

Contract size:
1 contract. This means you can trade as little as 1 Gold CFD
Margin required: 1%. 1% margin is calculated as follows. Lots X Initial Margin / Leverage. Therefore 0.01 lots * 100,000 /100 = $10. Price per point for every 0.01 lots is such that if the price moves a full point 1200.01 to 1201.01 this is $1.
Comm.: TThere are no commissions on the Gold CFD
Spreads: Floating. This means the spread will be low during active market hours and higher during market hours.
Smallest contract size: 0.01 CFD. You can trade as little as 1 micro CFD.
Price per point: $US1. For every contract you have, each full point movement will be $US1.
Available on social trading: Yes
Liquidity: We source our liquidity for our Gold CFDs via a number of global exchanges and price feeds.

Why trade Gold CFDs?

There are a number of benefits of trading Gold CFDs with Synergy FX. These include:

  • Low margins starting at just 1%. Please keep in mind that Gold is a leveraged product and can be volatile. You must understand the risks involved.
  • You can trade from as little as a micro lot on a Gold CFD.
  • Excellent liquidity allowing for excellent trade execution during fast-moving markets
  • Access to both profit taking, stop loss and trailing stop orders
  • Price alerts can be set to notify you on screen or via email
  • Robots, scalpers and hedging are welcome
  • Free unlimited access to our exclusive Education Portal

Trading hours to buy and sell Gold CFDs

Sessions Quotes Trade
Sunday
Monday 01:00-24:00 01:01-23:59
Tuesday 01:00-24:00 01:01-23:59
Wednesday 01:00-24:00 01:01-23:59
Thursday 01:00-24:00 01:01-23:59
Friday 01:00-23:57 01:01-23:57
Saturday

Start trade Gold today by opening a live or demo MT4 trading account.

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Why Synergy FX ?

7 FACTS ABOUT GOLD

  • Demand for gold jewellery increased by 3% in the last quarter of 2017, mainly driven by demand from India, USA and China.
  • The lustre and attraction of 24-carat gold jewellery is waning as the trend toward low-weight, better designed and higher-margin premium gold continues to gather momentum from consumers
  • China is the world’s largest market for gold bars and coins
  • Technology and electronics industries continue to drive demand for gold which is widely used in wireless chips, printed circuit boards and gold bolding wires
  • Geopolitical turmoil and uncertainty continues to drive investment flows into gold-backed assets including ETFs.

Start trade Gold today by opening a live or demo MT4 trading account.

Open Live AccountStart Live Trading Today
Open Demo AccountFree Instant Trading