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Trading opportunities shine as bright as precious metals. Discover our comprehensive suite of metal trading instruments, carefully curated to provide you with a seamless and lucrative trading experience. With Spider Forex, unlock the potential of the metals market and redefine your trading success.
Choose a trusted broker that serves clients in over 170 countries.
Trade CFDs on Forex, Shares, Futures, Spot Indices, Spot Metals and Spot Energy.
Trade on your preferred platform including Spider Forex MT4, MT5, cTrader and Edge
Benefit from ultra-fast order execution with most orders executed in under 13 ms.
Trade with a broker that has been repeatedly recognized for the quality of its services.
Reap the benefits of our 24/5 Customer Support, providing assistance in more than 17 languages.
All client trades are executed with No Dealing Desk1 intervention. Most trades are filled with lighting fast speeds in under 13 milliseconds, with up to 3,468 trades executed per second last year.
We provide our clients with a wide range of desktop, web and mobile trading platforms including Spider Forex platform and cTrader.
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Trading CFD does not only mean trading currencies, stocks and indices, but also means trading Precious Metals. The most popular Metals on the market, of course, are gold and silver.
Gold is the most liquid asset, as it’s very susceptible to economic and financial changes (the increasing/decreasing of the US interest rates, in particular). It has a high correlation with the leading world currencies: the Euro and the Dollar.
Sometimes this correlation with major currencies is negative (e.g. the euro is in an upward trend while gold is in a decline). However, it does happen from time to time, that the Australian dollar quotes have a positive correlation with the GOLD chart (both going upward, for example).
Metals trading is affected by seasons, market volume, and up/down trends throughout the day. As a general rule trading decisions should be made based on data from the Economic Calendar and it’s best to follow statistics from America and China.
Global industry plays a large role in trading Precious metals: silver mining companies, and the main buyers of silver, create the market for it. Therefore, it’s important to not only follow the general high-tech and metal-mining news, but also pay attention to regional events when predicting price movements. Issues with Precious Metals production or new investment into the business are things that can cause corresponding market fluctuations. E.g., the price of Silver depends on the main factors of the global economy - inflation, GDP growth, refinancing rates and decisions made by the global central banks. During periods of economic upheaval, Precious Metals prices jump, as more and more investors seek to protect their capital from febrile changes in the foreign exchange market.
Moreover, experts say that Silver is not an unlimited resource which means that its price will constantly increase over time – so, the analysts predict a further upward trend.
As a rule of thumb, gold and silver, react negatively to the growth of stock indices, at which point the attractiveness of Precious Metals as a ‘safe asset’ decreases.
As far as Platinum trading goes, the main factor affecting its exchange value is the balance of supply and demand. Unlike gold, which is mined in its purest form, Platinum exists only in the form of an alloy with other metals, due to the process of extraction and separation being complicated and energy consuming. Because of that the global annual production of Platinum is only approximately 5 million troy ounces, which is not large figure in comparison to the annual gold production, which is 17 times higher, and silver which is 100 times higher.
Platinum has specific properties that keep this metal in demand in many industries, although, approximately 40% of it is used in automobile production.
Trading spot metals allows investors to expand their portfolio by taking long or short positions on spot gold and silver. We ensure that your orders are executed at the most accurate and competitive prices. Spot gold is more valuable than spot silver, but they both share strong price movements.
Trading spot metals is often considered as a safe, haven investment, especially at times of economic uncertainty. You may practice trading spot metals on a free demo account before trading on your real account.