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Forex Trading

Precious Metals

Trading with The Ridge gives you access to a range of 6 precious metal pairs including Gold, Silver, Platinum and Palladium traded against either the US Dollar or the Euro.

Trading with The Ridge gives you access to a range of 6 precious metal pairs including Gold, Silver, Platinum and Palladium traded against either the US Dollar or the Euro. Used in jewellery, industrial inputs and as safe haven assets in market turmoil – these symbols often move in line with market cycles and inflation.

Trading Gold and Silver

Ridge offers four precious silver and gold crosses on our MetaTrader4 platform. Gold and silver are traded against both the US dollar and euro, and are traded in a similar way to any other currency pairs on the platform.

Gold

XAU/USD is a spot commodity pair based on the physical price that gold can be bought or sold at a particular point in time. Influenced heavily by supply and demand, as well as US Dollar risk, spot gold is a volatile yet increasingly popular commodity available within the interbank market.

Silver

XAG/USD is a spot commodity pair based on the physical price that silver can be bought or sold at a particular point in time. Given silvers common use in jewelry and consumer products, supply and demand heavily influence movements in this pair.

Advantages of trading Gold and Silver though Ridge

  • Access to institutional grade spreads and trade execution
  • Minimum trade size of $0.10 per pip
  • Leverage up to 500:1
  • No commission fees on commodity pairs
  • The ability to hedge positions on a single account
Instrument Minimum trade size Margin requirement from as low as Spreads from Contract size per standard lot Session times
XAUUSD
XAUEUR
0.01 AUD $3.81 0.04 100 ounces 01:00 to 23:59 (GMT+3)
XAGUSD
XAGEUR
0.01 AUD $2.60 0.04 5000 ounces 01:00 to 23:59 (GMT+3)

Trading Platinum and Palladium

Along with gold and silver, Ridge offers platinum and palladium on our MetaTrader4 and cTrader platforms. Platinum and palladium are precious metals and are both traded against the US dollar in a similar way to any other currency pairs on the platform.

XPT/USD (Platinum) is a precious metal which is currently more valuable per ounce than gold. While gold is ever so slightly rarer in the earth’s crust, platinum is produced in much smaller quantities. Platinum’s properties as the least reactive known metal and its luster makes the silver metal highly sought after. Platinum’s major uses are found as a catalyst in cars and as jewelry.

XPD/USD (Palladium) is a similar metal to platinum in appearance and function, and is often used as a replacement for the more expensive metal in jewelry and industrial uses. Palladium is produced almost entirely in Russia and South Africa and while the silver metal is the fifth rarest element in the earth’s crust, its production volumes exceed that of platinum. Palladium finds most of its use, like platinum, as a key component in electronics and jewelry, as well as dentistry.

Advantages of trading platinum and palladium through Ridge

  • Access to institutional grade spreads and trade execution
  • Minimum trade size of $0.10 per pip
  • Leverage up to 500:1
  • No commission fees on commodity pairs
  • The ability to hedge positions on a single account
Instrument Minimum trade size Margin requirement from as low as Spreads from Contract size per standard lot Session times
XPTUSD 0.01 AUD $2.47 0.04 100 ounces 01:00 to 23:59 (GMT+3)
XPDUSD 0.01 AUD $2.47 0.04 100 ounces 01:00 to 23:59 (GMT+3)

Precious metals can be a great asset to diversify your trading strategy; as global markets, supply and demand are not driven by any one country in particular but the world as a whole. You can buy or sell to take advantage of both rising and falling markets without any additional commission charges applied.

The Ridge offers all precious metals with the same leverage as you find on currency pairs, meaning up to 500:1 is available. All symbols are available in both MT4 and the cTrader platform, along with the Webtrader, Android, and Apple mobile devices – allowing you access to these markets wherever you are in the world.

Advantages of trading Precious Metals with The Ridge:

  • Access to institutional grade spreads and trade execution
  • Minimum trade size of $0.10 per pip
  • Up to 500:1 leverage
  • No commission fees on any commodity pairs
  • The ability to hedge positions on a single account

Risks of Trading Precious Metals:

  • Leveraged trading puts your capital at risk. You could lose all, or a large portion, of your trading capital if the market makes a significant move against your current open position/s
  • Your losses may exceed your deposits
  • Past performance does not guarantee future performance
  • Tax benefits (if any) are subject to change and depend on your personal circumstances