Precious MetalsAt UptrendMarkets, you get access to a range of precious metals on our tightest spreads with excellent depth from our top tier liquidity providers.
Precious metals are the most popular trading instruments during times of uncertainty and because of the volatility on a daily basis.
You can trade the following precious metals with UptrendMarkets
|Spreads from Pro||0.5||0.5||0.5||0.5|
|Min trade size||0.01||0.01||0.01||0.01|
|Min trade size Pro||0.1||0.1||0.1||0.1|
|Leverage||200 to 1||200 to 1||200 to 1||200 to 1|
Why trade precious metals with UptrendMarkets?
- Commission free trading
- Trade six different precious metals with both gold and silver available in two different currencies
- Trade with 200 to 1 leverage
- No requotes & No slippage
- Negative balance protection
- Trade 24/5 and access your trades from the PC, mobile or tablet.
What are the Precious Metal markets?The Precious Metals market is one of the most actively traded markets globally due to the demand in gold, silver and other metals.
Considered as a safe haven during times of uncertainty and volatility, gold is one of the most commonly traded precious metals.
Physical demand for gold is also driven by seasonal factors such as weddings and festivals in India while China is also a big market for this precious metal.
Basics of a precious metals tradeIf you wanted to trade spot Gold and you thought it was going higher, you would simply buy Gold at the spot price.
As of the 20th of August 2017, Gold was trading at $1,284.00/$1,284.60
The bid price was $1,284, and the ask price was $1,284.60. The spread is the difference between the two prices, in this case, $0.60.
If you wanted to buy spot Gold, you would buy at the first selling price, which is $1,284.60. You are now long spot Gold.
If you wanted to close the position, you would sell it at the first available bid price, which is $1,284.