Trade CFDs on gold and silver with IronFX

22 March 2021

IronFX is the gold standard in trading CFDs on such precious metals as gold and silver. You can trade CFDs on spot metals with IronFX and mine 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. Savvy investors understand that metals are a great way to diversify a portfolio and hedge against inflation. They provide low or negative correlation to other asset classes, so by adding them to your portfolio, you can reduce volatility and risk.

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 democratised 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 essentially exchanging a spot metal for a currency.

Gold is the most popular commodity offering high liquidity and trading it through CFDs allows for significant 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 jewellery. Platinum is considered the most volatile of the precious metals, whereas the lesser-known palladium has more industrial uses.

Trading spot metals is similar to forex currency trading where investors take short or long positions on the metals’ prices. With IronFX, you can buy and sell CFDs on gold and silver with best-of-market spreads and spot execution without having additional foreign exchange exposure.

Trade gold and silver with us, open a risk-free demo account and test your trading strategies with no deposit required. Our MetaTrader 4 online trading platform allows our clients to get the advantage of trading with fast execution and no requotes.

Among investors, metals trading is seen as an important way to diversify one’s portfolio, with gold being particularly popular because of its status as a reliable metal to hedge against currency devaluation or high inflation. As a safe haven commodity, gold has been used to hedge against US dollar volatility. The reason is that gold is dollar-denominated and, if the US dollar rises, it will most likely keep the price of gold lower. On the other hand, silver has been used to hedge against currency market volatility.

Metals trading is appealing to traders because of the commodities’ high liquidity. IronFX is dedicated to making your trading experience smooth and stress-free by offering a robust trading platform, complimentary trading tools and a wealth of market insights to boost your trading experience.

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