You can trade gold with Axi through Bullion Spot CFDs (Contract for Differences). Axi offers several gold trading pairs, allowing you to speculate on the price movements of gold against different currencies. When trading CFDs, you are not be purchasing physical gold, but instead, you will be trading the price fluctuations of gold in the open market.
The available gold trading pairs at Axi are:
- Gold vs. US Dollar (XAUUSD)
- Gold vs. Australian Dollar (XAUAUD)
- Gold vs. Euro (XAUEUR)
- Gold vs. Great British Pound (XAUGBP)
You can trade gold via these pairs as Bullion Spot CFDs which allow you to open a position in either price direction, based on whether you expect the price of gold to rise or fall.
What are the trading specifications for gold?
- Minimum Trade Size: 0.01 lot
- Maximum Trade Size: 20 lots
For more detailed specifications, including spreads, margin requirements, and other conditions, please refer to Axi's Product Schedule.
What are the trading hours for gold?
Gold can be traded 24 hours a day from Monday to Friday. The market opens and closes as follows:
- Open: 1:01 am (Monday) Server time
- Close: 11:58 pm (Friday) Server time
- Market Break: There is a short break in the market between 11:59 pm and 1:01 am (Server time) each day.
Can I trade physical gold with Axi?
No, Axi only offers CFD trading on gold, meaning you are trading based on the price movements of gold, not owning physical gold itself. You will not take delivery of the metal; rather, you speculate on its value through CFDs.
For more information on trading gold and other precious metals, please refer to the Axi Product Schedule, which includes details on spreads, margin requirements, and other trading conditions.