GBE brokers Ltd offers its clients the possibility to trade gold in form of CFDs. You can benefit of both rising and falling prices of gold. Gold is always expressed in the proportion to the US Dollar. This product is therefore called: XAUUSD.
For this product there is not existing - in contrast to gold futures - a maturity. The positions taken by our clients stay open until the client closes it. Positions could be held for years.
The time to trade Gold begins - just like the forex trading – on Sundays 11 PM (CET) and ends on Fridays 11 PM (CET). Each day there is a trading break between 10 PM and 11 PM. During this time you cannot place an order in gold or to place or adjust limits or stops.
The leverage is set to 200:1 and a margin of 0.5%. For every 1 Euro in your account you have 200 Euro for disposal. The margin is the amount you must have on your account to place an order. The rollover takes place in spot transactions in gold in the same way as our foreign exchange instruments.