CIBfx offers competitive trading conditions for GOLD and SILVER CFDs. At CIBfx CFD trading in metals is done through Metatrader4, the world’s most popular trading platform.
As part of our Price Transparency Promise, our spreads never change during business hours, so you can know your costs in advance.
Protect yourself and your open trades against uncontrolled losses. A standard feature in the CIBfx web and application platform.
Another condition that is offered as a standard feature on CIBfx accounts ensures that you are protected when trading.
Protection against inflation: When there is political/economic instability in a country, GOLD is one of the few products that keeps its price stable, given the inelastic condition of demand for products made with GOLD.
Diversification: Investing in GOLD is an excellent option to diversify an investment portfolio, since, unlike stocks or currencies, its price does not devaluate substantially.
Immunity to crisis: Due to the same condition of inelasticity of demand, GOLD has proven to be immune to abrupt price drops in currencies and other stock market assets.
Gold and silver prices are currently quoted in USD and EUR. Investors can take advantage of up to 1:200, allowing maximum trading flexibility.
The typical spread on spot gold is $0.50 per ounce and $0.04 per ounce on silver, making them some of the most competitive in the market. The trader can go both long and short on either metal.
The minimum commercial size is 10 ounces of gold and 500 ounces of silver.
If a trade is held open overnight, then there is a swap/rollover cost/revenue calculated on that position. The cost or income is calculated as the overnight interest rate differential between the two currencies, plus the commission charged by the firm in which the position is held, depending on the type of position (long/short). The swap is automatically debited from the client’s account and converted into the currency that the account is denominated in. Swap is charged at the server time 23:59 (GMT + 2). From Friday to Monday swap is charged once. From Wednesday to Thursday swap is charged at triple rate.
| Metal | Description | Minimum Price Fluctuation | Swap value in Points long | Swap value in Points short | Used Margin | Pip Value per Lot in USD | Minimum Spread ** |
|---|---|---|---|---|---|---|---|
|
GOLD |
Gold Spot |
0.01 |
-3.48 |
-0.77 |
0.50% |
1 USD |
0.3 |
|
SILVER |
Silver Spot |
0.01 |
-2.37 |
-0.53 |
0.50% |
50 USD |
0.02 |
Operating time (server hours)
Monday- Friday: 01:00 – 24:00
*Swap or Rollover is the interest added or deducted.
***Minimum level to place SL and TP, as well as Stop and Limit Orders from a current market price.
***The above spreads are applicable under normal trading conditions. CIBfx has the right to modify the above spreads according to market conditions as per the ‘Terms and Conditions.
The information on this site is not intended for residents of the E.U, UK, U.S., Canada, Israel, New Zealand, Japan, Iran and North Korea, officially the Democratic People’s Republic of Korea or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
There is a high level of risk involved with trading leveraged products such as forex and CFDs. You should not risk more than you can afford to lose, it is possible that you may lose more than your initial investment. You should not trade unless you fully understand the true extent of your exposure to the risk of loss. When trading, you must always take into consideration your level of experience. If the risks involved seem unclear to you, please seek independent advice.
