PRECIOUS METALS

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PRECIOUS METALS
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What is METALS

Trade in precious metals, such as gold, silver, palladium and more, on the most sophisticated trading platform, Maximise market opportunities through CFDs, with low costs and ultra-fast execution.
Closely linked to the global financial markets, metal trading can be a great way to diversify risks and deal with inflationary pressures. Gold is considered a safe-haven asset during market downturns.

Metals trading example

Buying CFD on XAU/USD

Buying  CFD on XAU/USD
XAU/USD represents the exchange rate of spot Gold vs the USD, the price of gold is quoted in US dollar per troy ounce.
XAU/USD = 1953.50
This means that currently, 1 standard lot or 100 ounce of gold is equal to $1953.50
Prices are constantly fluctuating based on market conditions.
Opening the Position
You decide to Buy CFDs amounting to 1 standard lot (the equivalent of 100 ounces of gold) at 1953.50
Closing the Position
Gold price depreciates to 1933.50, and you decide to sell 100 ounces at the price of 1933.50, with losses of $2000.
The gross profit/loss on your trade is calculated as follows:
Buy Position on XAUUSD
Open Price: 1953.50
Close price: 1933.50
Volume size: 1
Contract size: 100
P&L Formula: (close price – open price) * contract size * lots (1933.50-1953.50) *100*1= Loss $2000
Selling CFD on XAG/USD

Selling CFD on XAG/USD

XAG/USD represents the exchange rate of spot Silver vs the USD, the price of silver is quoted in dollar per troy ounce.
XAG/USD = 24.518
This means that currently, 1 standard lot or 5000 ounce of silver is equal to $24.518
Prices are constantly fluctuating based on market conditions.
Opening the Position
You decide to Sell CFDs amounting to 0.8 standard lot ( 1 lot equivalent of 5000 ounces of silver,1 pip of movement is worth $5) at 24.518
Closing the Position
Silver price go from 24.518 to 24.176, you buy 5000 ounces and the closed price was 24.176, it was 34.2 pips gain.
The gross profit/loss on your trade is calculated as follows:
Sell Position on XAG/USD
Open Price: 24.518
Close price: 24.176
Volume size: 0.8
Contract size: 5000
P&L Formula: (Open price – close price) * contract size * lots = (24.518-24.176) * 5000*0.8 = $1368

Why trade Metals with us?

  • Stop loss and take profit tools
  • Low costs and ultra-fast execution
  • Attractive margins
  • Gold & Silver Options
  • Trade on leverage

When to trade Metals?

The market is open 24 hours a day, 5 days a week

24 hours
map
line-1
line-2
GMT Timezone

How to trade Metals?

Register

Register

Open a trading account
and submit the information
required to have it
approved.

Deposit

Deposit

Choose from a variety
of payment methods
to fund your account
to start trading.

Trade

Trade

Follow the market,
set your stops and limits,
and open your first buy
or sell trade.

  • Instrument
  • Description
  • Digits
  • MinTrade Size
  • Contract Size
  • XAGUSD
  • SPOT SILVER
  • 2
  • 0.01
  • 5,000
  • XAUUSD
  • SPOT GOLD
  • 2
  • 0.01
  • 100
  • XAUEUR
  • Gold vs Euro
  • 2
  • 0.01
  • 100

Margin Requirement on Metals

Margin 1
Margin 2
Form

Ready to trade?
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DEPOSIT METHODS

2021

Best trade execution

Cairo Investment Expo 2021

2022

Best Forex Spreads

Ultimate FinTech Awards 2022

2022

Highest overall customer satisfaction

European Fintech 2022

2023

Best customer service

2023 Global Forex Awards

  • 2021

    Best trade execution

    Cairo Investment Expo 2021

  • 2022

    Best Forex Spreads

    Ultimate FinTech Awards 2022

  • 2022

    Highest overall customer satisfaction

    European Fintech 2022

  • 2023

    Best customer service

    2023 Global Forex Awards

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Email:supportsohomarkets.com

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Soho Markets LLC is incorporated in St. Vincent & the Grenadines as an International Business Company with registration number 1310 LLC 2021.

Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please read the full Risk Disclosure.

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