Why Trade Gold and Silver through PCM?

Product Details
For trading times and more details, please refer to the Product Guide. Please be sure to check PCM's holiday hours schedule which is updated prior to any holidays that may interrupt normal trading hours.
Please note that PCM strives to provide traders with tight, competitive spreads; however, there may be instances when market conditions cause spreads to widen beyond the spreads displayed here. Additionally, spreads may not be applicable to Japanese-yen-denominated accounts or client accounts of referring brokers. Certain currency pairs may not be available for all account types. For additional information about widened spreads,
PCM does not permit the practice of arbitrage when trading Contracts for Difference (CFDs). Transactions that rely on price latency arbitrage opportunities may be revoked and PCM reserves the right to make necessary corrections or adjustments on the account, without prior notice. In accordance with PCM's Terms of Business, accounts that rely on arbitrage strategies may be subjected to intervention, which may include widening the spreads on your account.

Gold (XAU/USD) and Silver (XAG/USD) Trading Hours
Gold and Silver trading will commence on Sunday at 23.00 GMT. Furthermore, there will be a daily break in gold and silver trading at 22.00 GMT and trading in Gold and Silver will resume at 23.00 GMT. During the break, you will not be able to place market orders, and limit/stops cannot be placed and/or amended . Full details of Gold and Silver trading can be found on page sixteen of the CFD Product Guide.

Trading Metals on Margin

Gold/Silver Rollover Explained
Spot Gold/Silver Rollover will be performed in the same manner as our forex instruments.
* PCM is compensated by a mark-up, which is automatically added to the spreads it receives from its liquidity providers, PCM may also receive compensation for order flow from its liquidity providers. PCM does not charge commissions on standard accounts, however, commission charges may apply for certain classes of non-standard accounts such as Active Trader.

Foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.

** Re-quotes occur when a trader makes an order at a specific price, but the order is rejected by a trading desk, and the trader is given a new price to accept or reject. Re-quotes can slow down your trading. PCM cannot re-quote forex orders because those orders operate on straight through processing. PCM also maintains a no re-quote policy for indices, metals, and oil, although those orders do not operate on straight through processing. Orders are executed at the best price available within the trader's parameters, subject to market liquidity at the time.