PRECIOUS METALS
Over The Counter (OTC) Spot Precious Metals revolve around the spot price of gold and silver during trades. It is performed in the same way as foreign currencies using the OTC method, which means trading is done directly between the two involved parties and not via an exchange market.
LEARN MORE ABOUT PRECIOUS METALS: GOLD
Of all the precious metals, gold is the most popular. Investors trading gold online generally buy the metal as a hedge or safe haven against any economic, political, social or currency-based decisions. Investors also buy gold and partake in trading when a bull market is active in an attempt to enjoy larger financial gains.
Gold has been linked to foreign exchange for many years, mostly due to the Gold Standard and Bretton Woods agreement of 1944 which linked all major currencies together until 1971. Although there is no fixed link between gold and currencies in the modern marketplace, there are still strong parallels.
LEARN MORE ABOUT PRECIOUS METALS: SILVER
When trading silver it is quoted in $/¢ or Euro per troy ounce with a standard contract size of 5,000 ounces per one standard lot. The minimum price movement is 0.01 dollars, also referred to as a ‘point’ or ‘tick’. Therefore, the smallest tick value is $50, e.g. $18.00 – $18.01 = $0.01 ($0.01 * 5,000 = $50).
Silver, like its precious counterpart gold, is readily used as an investment tool and economic indicator with investors trading silver online. Unlike gold, silver is traded as an industrial commodity, which means it can lose its strong positive correlation and add trading potential to the market.
CONTRACT SPECIFICATIONS
SWAP POLICY
- FXLink Capital offers Islamic accounts to clients following the Muslim faith. Forex Islamic accounts are also known as swap-free accounts as they imply no swap or rollover interest on overnight positions, which is against Islamic faith.
- FXLink Capital reserves the right to discontinue an Islamic/SWAP-free account without warning. FXLink Capital will invoke this right in case of suspicion of abuse, in which case FXLink Capital may, at its sole discretion, decide to close all open positions in the account, deduct or add swaps for all transactions currently and/or previously made in the account and decline from accepting any further requests from the Client to be exempted from SWAP.
NOTE!
- All times are based on FXLink Capital Server time
- Min and Max Lots per trade: 0.01 lots – 50 lots
- FXLink account requires no minimum limits/stops required to enter the market
- Subject to change without prior notice