Why would you hold your money in the bank or your wallet? Join FXCentrum & Let your investments Grow!
When you hear the word “metals”, what do you immediately think of?
Forget that and let us reintroduce you to a new way of thinking about it. If you’re looking for a way to grow your wealth, you need to be thinking about gold, silver, platinum, copper, aluminum, nickel, palladium, zinc, and others.
Take gold as an example.
Buying physical gold — also called bullion — may be attractive. Gold has been associated with wealth and power throughout history, and it looks nice as well! Some people even buy gold jewelry as a form of investment. This can be risky as you may not be able to sell it for more than you bought it. Jewelers often markup the prices of their jewelry, and their resale value is usually nowhere near as high as their purchase price. Furthermore, the price of jewelry doesn’t mirror that of physical gold due to these markups.
Buying gold also means its value must go up for you to make a profit. This isn’t the case if you trade metal CFDs. You can short metal CFDs to take advantage of price falls.
Here at FXC, we offer you the opportunity to buy metal CFDs for gold, silver, platinum, and more.
CFD stands for contract for difference. These are contracts that essentially allow you to “bet” on the future price of the metals you are interested in at a certain date in the future. The best thing about trading CFDs is that you don’t need to physically go to exchanges or the bank nor find a buyer and fight for a suitable price. You don’t own the actual metals. What you do is take either a long or short position on them.
So, if for example, you hold a long position on XAUUSD, you are predicting that the price of gold will go up in the future. If it does go up, you make money!
If you take a short position, you are predicting the price goes down.
Don’t know what long or short positions are? Click here to see our explanations of basic trading terminology.
Trading metals with FXCentrum
With our platforms, not only do we charge 0 commissions on all trades, but you can buy and sell metal CFDs from anywhere as long as you have access to the internet or a phone.
We offer metal CFDs such as Gold vs US Dollar (XAUUSD), Silver vs USD (XAGUSD) Platinum vs USD (XPTUSD), and many more.
The advantage of buying CFDs over the actual metals is that leverage can be provided, and you can make a lot more profit with a lot less money. We provide leverage of up to 1:1000 for clients wishing to trade using our platform. So, for every $1 you invest, FXC can lend you $1000. This means you could buy $100,000 worth of metals with just a $100 deposit, depending on the margin requirements of the particular instrument. You can find all the details here.
However, leverage can be risky, which is why you can choose the amount of leverage you want, or even none at all.
We offer very low spreads from 0.3 pips. Other brokers may offer even lower spreads but can charge commissions on top, which could make it even more expensive in the end.
We also offer a 0% deposit and withdrawal fee (every first withdrawal in a month is free). We are connected to all the payment providers you need, including Visa, Mastercard, OnlineNaira and Wire Transfer. If you don’t see your favorite provider, please contact us at email@example.com.
For your risk management needs, we recommend contacting our FXC support team to help you book a consultation with our investment specialist manager.
Join our Highway to Wealth metals trading competition to put your skills to the test!