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Interactive Brokers Introduces Trading On Spot Gold

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William Berg
Securities Law Expert
William contributes to several investment websites, leveraging his experience as a consultant for IPOs in the Nordic market and background providing localization for forex trading software. William has worked as a writer and fact-checker for a long row of financial publications.
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James Barra
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Tobias Robinson
CEO and Head of Broker Testing Panel
Tobias is the CEO of DayTrading.com, an active investor, and a brokerage expert. He has over 30 years of experience in financial services, including supervising the reviews of more than 500 trading brokers, and contributing via CySEC to the regulatory response to digital options and CFD trading in Europe. Tobias' expertise make him a trusted voice in the industry, where he's been quoted in various financial organizations and outlets, including the Nasdaq.
Updated

The Interactive Brokers Group announced its clients will now be able to trade the popular commodity in as little as one ounce. Coupled with low commissions, trading on US gold offers conservative investors a means to hedge against inflation and unexpected market conditions.

Trading US Gold

Spot gold will be available for trading like any other instrument, such as forex or stocks and can take place from the same live account. The broker will charge a commission of between 0.7 bps and 1.5 bps of the trade value alongside a minimum commission of $2.

The value of gold has risen in recent years. And whilst often considered a longer-term asset, short-term traders can now speculate on the price of the precious metal.

From the 17th of May, the broker will also allow physical delivery settlement of COMEX Gold, Micro Gold, Silver and Micro Silver Futures. Settlements will take place as a registered warrant or automated certificate of exchange (ACE).

The company’s Executive Vice President of Marketing and Product Development, Steve Sanders, commented “Interactive Brokers’ advantage has always been our low cost, advanced technology and breadth of product worldwide for sophisticated individual traders and institutional investors. The addition of spot gold and physical metals delivery continues our mission to equip our clients with the products and tools they need to succeed in all market conditions.”

About Interactive Brokers

A familiar name in trading circles, IB has been around for over 40 years and holds $6 billion in equity capital as well as a string of office locations around the world. Particularly popular among high-volume traders, Interactive Brokers offers the comprehensive Trader Workstation (TWS) platform, available on desktop and mobile devices. Clients can access leveraged trading on CFDs, forex, cryptos, stocks, futures, e-minis, and options. Fees are competitive with fixed commission rates from $0.005 alongside leverage up to 1:50.

Trader Workstation
TWS

Interactive Brokers is a SEC and FCA-regulated broker geared towards experienced and institutional traders. Many of its active clients will be pleased to now have the opportunity to start trading US spot gold at low rates.

Your capital is at risk. Trade only with funds you can afford to lose.
Interactive Brokers (IBKR) is a premier brokerage, providing access to 150 markets in 33 countries, along with a suite of comprehensive investment services. With over 40 years of experience, this Nasdaq-listed firm adheres to stringent regulations by the SEC, FCA, CIRO, and SFC, amongst others, and is one of the most trusted brokers for trading around the globe.