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IB UK Spot Gold and Spot Silver

Access and Trade the
Metals Market

IBKR Advantage

  • Commissions start at just 1.5 basis points, or 0.015%
  • Overnight financing rates for short positions start at BM + 1.00%
  • Access wholesale pricing without having to trade wholesale quantities
  • Trade spot gold or spot silver side-by-side with gold futures

IBKR Spot Gold and IBKR Spot Silver

IBKR Spot Gold (symbol XAUUSD) and IBKR Spot Silver (symbol XAGUSD) are available to most customers who are not residents of the U.S. or certain other countries.1 IBKR Spot Gold and IBKR Spot Silver are efficient, flexible and low-cost products that provide long and short exposure to the gold and silver markets. Additional benefits include:

Low, Transparent Commissions and Financing Rates

Commissions start at just 1.5 basis points for Gold and 3 basis points for Silver, and overnight financing rates for short positions start at the benchmark rate + 1%, with lower rates available for larger balances. IBKR passes through prices from its liquidity providers without widening the spread.

Efficient Pricing in Accessible Quantities

The London bullion market is a wholesale market. However, IBKR clients have access to the corresponding efficient pricing, as quoted by IBKR's liquidity providers, without having to trade in wholesale quantities.

Trade IBKR Spot Gold and IBKR Spot Silver Side-by-Side with Gold Futures

Trade from the same TWS quote monitor as gold and silver futures and other asset classes such as stocks, options, futures, currencies, bonds, funds and CFDs.

Quoting IBKR Spot Gold and IBKR Spot Silver

Spot gold and spot silver are traded in units of 1 troy ounce fine gold and fine silver, respectively, and is quoted vs USD.

Leveraged Exposure

Spot gold and spot silver can both be traded on margin.

UK Metals

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. IBKR'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).

IBKR Spot Gold and IBKR 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 Client 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.

UK Metals

About Physical Delivery of COMEX Precious Metal Futures

Interactive Brokers offers trading on various COMEX precious metal futures and eligible clients can take physical delivery of COMEX silver or gold futures.

Learn More

Risk Warnings

  • IB spot gold and IB spot silver trading is offered by Interactive Brokers (U.K.) Limited, which is authorized and regulated by the Financial Services Authority ("FSA"), register number 208159.
  • Spot gold and 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.
  • For trades in spot gold and spot silver, you are not covered by the Financial Services Compensation Scheme (FSCS) in the event that IBUK is unable to meet its financial obligations and you may not be able to refer any cases to the UK Financial Ombudsman Scheme.
Disclosure
  1. IB Spot Gold and IB Spot Silver trading is available to customers who are not legal residents of the U.S., Canada, Australia, Hong Kong, Japan or Singapore.

Eligible customers must apply for Metals trading permissions via the Trading Permissions page in Account Management.

Metals are maintained in a segregated IB UK L account in Account Management. To trade gold, you must deposit or transfer cash into your IB UK L account using the Fund Transfers page in Account Management.