CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data. *Availability subject to regulation.
London Capital Group is a UK broker that offers over 5,000 asset classes for traders. They offer CFD and Spread betting services which allow individuals to trade a wide selection of precious and non precious metals. Some of the metal products available to trade with London Capital Group include:
|Metal||*Minimum Spread:||Margin Rate From:||Guaranteed Stop Charge:|
|High Grade Copper||40||1%||60|
*All information collected from https://www.lcg.com/uk/, see website for full terms and conditions. Your capital is at risk. Last updated on January 26, 2017.
Gold is one of most the popular and most regularly traded metal commodity today. Over $27.5 billion of gold was cleared at the London Bullion Market in November 2016 alone.
Metals are popular commodities for traders because of the liquidity provided by the amount of activity from the constant demand for metals around the world. Several different metals may be traded on the commodity markets and the more popular ones include gold, silver, platinum, and industrial metals such as zinc, copper, lead, tin, aluminium, steel, nickel, molybdenum and others.
There are two main categories of metals which are:
Metals were first used by prehistoric settlers to make weapons and tools. Prior to making tools and weapons with metals, stone was the common raw material and this continued between 10,000 and 4500 BC. By 6000 BC gold was discovered and it because popular because of its scarcity as well as its great value. It was used to make items of jewellery. Copper was discovered by 4200 BC and was also used to make weapons. Silver came on the scene in 4000 BC and was used as currency in the Roman and Chinese Empires. Other metals such as lead, bronze, tin, iron, mercury, nickel, uranium, titanium, chromium, aluminium and several others were discovered later on.
Metal trading first became popular in places like London with the opening of the Royal Exchange in London in 1571. Futures contracts trading of metals began after the industrial revolution in the UK in the 19th century. Merchants could now protect themselves against changing metal prices and trading picked up. LMEX index contracts were established in the year 2000 and several different metals began to be traded on the London Metals Exchange (LME) and on several other exchanges across the world. LME is now the worlds largest metals futures exchange.
Forex.com scored best in our review of the top brokers for trading metals , which takes into account 120+ factors across eight categories. Here are some areas where Forex.com scored highly in:
Forex.com offers one way to tradeForex . If you wanted to trade GOLD
The two most important categories in our rating system are the cost of trading and the broker’s trust score. To calculate a broker’s trust score, we take into account a range of factors, including their regulation history, years in business, liquidity provider etc.
Forex.com have a AAA trust score . This is largely down to them being regulated by Financial Conduct Authority, segregating client funds, being segregating client funds, being established for over 19
|Regulated by||Financial Conduct Authority|
|Uses tier 1 banks|
|Segregates client funds|
Want to see how Forex.com? We’ve compared their spreads, features, and key information below.
|Gold spreads from||0.3|
|Silver spreads from||0.61|
|Copper spreads from||7.0|
|Crude Oil spreads from||5.0|
|Natural gas spreads from||8.0||DAX Spread||250.0|
|FTSE 100 Spread||150.0|
|Platform||MT4, Web Trader, NinjaTrader, Tablet & Mobile apps|
|Base currency options||USD, GBP, EUR|
|Funding options||Bank transfer, Cheque, DebitCard,|