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Gold trading in Dukascopy!
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Gold trading in Dukascopy!

created Paweł MosionekApril 13 2011

At the beginning of this week, Dukascopy has introduced a new instrument to gold based on the ECN model. Soon, silver will also join the offer.

we get:

  • market spread (on average 30-40 pips in the period of normal liquidity);
  • transactions concluded in the real market!
  • the minimum transaction volume is one unit (1 unit).

commissions

The commission amounts applicable to precious metals, including the Forex Club rebate, are given in the tables on our website HERE. We also invite you to read the 4 example at the bottom of the page.

Deposit required

The deposit that is needed to open the transaction depends on the current gold rate. For example:

If you want to open a position with a volume of ten units at the market rate of gold 1 400 USD, then 14 000 USD will be required from the set up (that is, already taking into account the leverage) capital. Analogously for one unit it will be 1 400 USD, and for two hundred 280 000 USD. The standard leverage on the account is 1: 100, which means that we actually need a smaller 100 capital.

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About the Author
Paweł Mosionek
An active trader on the Forex market since 2006. Editor of the Forex Nawigator portal and editor-in-chief and co-creator of the ForexClub.pl website. Speaker at the "Focus on Forex" conference at the Warsaw School of Economics, "NetVision" at the Gdańsk University of Technology and "Financial Intelligence" at the University of Gdańsk. Twice winner of "Junior Trader" - investment game for students organized by DM XTB. Addicted to travel, motorbikes and parachuting.