What Are Metals?
Gold and Silver have always been an important part of any trader's or investor's portfolio. Both metals are generally used to protect or hedge against political instability, dollar weakness, inflation and deflation. Often, traders refer to Precious Metals as a “safe-haven” as with any adverse market conditions Gold retains its value whereas other assets are volatile.
The global supply and demand of Metals plays an important role for their value. With a demand increase, Metals prices rise, and the other way around. If the demand is lower, the value of Precious Metals declines. However, this effect is felt in the longer term, and does not change the short-term prices.
Precious metals like Gold & Silver
Low minimum lot size
Fast execution
No hidden charges
Trade Metal CFDs
Enjoy product and overall portfolio diversification
Trade Gold, Silver and other metals
Trade metals with leverage
Low margin requirements
No complexities and overhead costs
Real-time trade execution and settlement
Trade on falling and rising markets
Track and benefit from market seasonality
Sell from oversupply and buy from increased demand of world commodities
Superior trading platform accessible on any device or browser
Metals Trading Conditions
| Symbols | Description | Digits | Point | Contract Size | Volume Min | Volume Max | Volume Step | Leverage | Commission | Swaps Short | Swaps Long | Spread |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| XAUUSD | Spot Gold vs US Dollar | 2 | 0.01 | 100 | 0.01 | 20 | 0.01 | Up to 1.400 | US$ 7.00 | 22.99 | -48.11 | 36 |
| XAUEUR | Spot Gold vs Euro | 2 | 0.01 | 100 | 0.01 | 20 | 0.01 | Up to 1.400 | US$ 7.00 | 15.12 | -33.63 | 100 |
| XAGUSD | Spot Silver vs US Dollar | 3 | 0.001 | 5000 | 0.01 | 20 | 0.01 | Up to 1.400 | US$ 7.00 | 2.98 | -6.04 | 21 |
Spreads/swaps are in USD. If your account with Scope Markets is denominated in another currency, spreads/swaps will be shown in your respective currency of choice.
Spreads/swaps are indicative. For accurate, live spreads/swaps please refer to Scope Markets MetaTrader platform.
Trading Hours
| Symbol | Market Hours (DST)* | Break Sessions (DST)* | |
|---|---|---|---|
| XAUUSD | 01:01 (Monday) to 23:58 (Friday) | 23:58 to 01:01 (Daily from Monday to Friday) | |
| XAGUSD | 01:01 (Monday) to 23:58 (Friday) | 23:58 to 01:01 (Daily from Monday to Friday) | |
| XAUEUR | 01:01 (Monday) to 23:58 (Friday) | 23:58 to 01:01 (Daily from Monday to Friday) | |
| XAUAUD | 01:01 (Monday) to 23:58 (Friday) | 23:58 to 01:01 (Daily from Monday to Friday) | |
| XAUJPY | 01:01 (Monday) to 23:58 (Friday) | 23:58 to 01:01 (Daily from Monday to Friday) | |
| XAGAUD | 01:01 (Monday) to 23:58 (Friday) | 23:58 to 01:01 (Daily from Monday to Friday) | |
| XAGEUR | 01:01 (Monday) to 23:58 (Friday) | 23:58 to 01:01 (Daily from Monday to Friday) | |
| XAGJPY | 01:01 (Monday) to 23:58 (Friday) | 23:58 to 01:01 (Daily from Monday to Friday) | |
| XAUCNH | 01:01 (Monday) to 23:58 (Friday) | 23:58 to 01:01 (Daily from Monday to Friday) | |
| XAUGBP | 01:01 (Monday) to 23:58 (Friday) | 23:58 to 01:01 (Daily from Monday to Friday) |
* MT5 Server Time (GMT+3)
Trade With Trust
Trade across multiple assets on the device of your choice.
CMA regulated
CMA licensed and regulated broker. License #123 & #143.
Support
Get in touch with us. Our offices are located in Westlands, Nairobi.
Mpesa support
Get instant deposits and withdrawals with Mpesa and other mobile payment solutions.
Secure Funds
All client funds are held in custody under segregated client accounts with local top tier banks.
Get help to create your account
Payment Methods
Ready to trade with us?
Part of an awarded group of companies
The Best
Broker of the Year
2024 - GLOBAL
The Best
Retail CFDs Broker
2024 - GLOBAL
The Best
Innovative Broker
2024 - GLOBAL
The Best
Partnership Programme
2024 - GLOBAL
The Best
MT4 Broker
2024 - GLOBAL
The Best
MT5 Broker
2024 - GLOBAL
The Best
Partnership Programme
2024 - GLOBAL
The Best
Partnership Programme
2024 - MENA
The Best
MT5 Broker
2023 - GLOBAL
The Best
Trading Support
2023 - GLOBAL
The Best
Retail FX Broker
2023 - GLOBAL
Top 100 Brokers in the Middle East
2023 - MIDDLE EAST
The Best
Trade Execution
2023 - AFRICA
The Best
Customer Support
2020 - GLOBAL
The Best
Forex Broker
2020 - GLOBAL
The Best
Mobile Application
2020 - GLOBAL
* Awards were awarded to Scope Markets individual jurisdictions, and not exclusively to all entities.
