IB Spot Gold (symbol XAUUSD) and IB Spot Silver (symbol XAGUSD) are available to most customers who are not residents of the U.S. or certain other countries.¹

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Benefits

IB Spot Gold and IB Spot Silver are simple, efficient, flexible and low-cost ways to gain long and short exposure to the gold and silver markets.

• Low, Transparent Commissions and Financing Rates - IB offers best execution based on competitive market quotes provided by its liquidity providers, plus a transparent commission. The starting commission rate is only 0.15 basis points or 0.0015%. Overnight financing rates for short positions start at only the benchmark rate + 1%, with lower rates available for larger balances. IB passes through prices from its liquidity providers without widening the spread. The true transaction cost for trading IB Spot Gold and IB Spot Silver is reflected in our low commissions.
• Efficient Pricing in Accessible Quantities - While the London bullion market is a wholesale market, IB clients have access to the corresponding efficient pricing, as quoted by IB's liquidity providers, without having to trade in wholesale quantities.

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Spot Gold and Spot Silver Facts

A Troy Ounce is the traditional unit of weight used for precious metals. The term derives from the French town of Troyes, where this unit was first used in the Middle Ages. One troy ounce is equal to 1.0971428 ounces avoirdupois. In the bullion market, all references to ounces mean troy ounces.

The Loco London Spot Price is the basis for virtually all transactions in gold and silver in London. It is a quotation made by dealers based on US dollars per fine ounce for gold and silver. IB’s liquidity providers provide quotes based on this price, including a spread. Settlement and delivery for gold and silver are two good business days in London after the day of the transaction (T+2).

IB Spot Gold and IB Spot Silver are considered "unallocated", which represents the most popular and straightforward way of trading gold and silver. Credit balances are backed by the general stock of the bullion dealer who has the gold or silver, and debit balances represent the indebtedness of the client to the bullion dealer. In other words, a position in gold or silver is not an entitlement to specific bars of gold or silver, although the latter can be arranged on request by contacting IB Customer Service. There is an Unallocated Carrying Fee of 10 basis points charged for storage. IB Spot Gold and IB Spot Silver are traded through your margin account, and you can therefore enter long as well as short leveraged positions.

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Risk Warnings

• IB Spot Gold and IB Spot Silver trading is not suitable for all investors. Due to the leveraged nature of Spot Gold and Spot Silver trading, your losses may exceed your initial investment.
• Spot Gold and Spot Silver are not MiFID-regulated instruments and therefore not regulated by the FSA, the UK regulator.