How long has forex been doing gold/silver?

Discussion in 'Trading' started by peilthetraveler, Oct 26, 2009.

  1. I'm pretty sure they were not doing it last year when I dabbled in forex a bit. It seems strange that they put it on forex and give you 200 to 1 margin on as little as 10 oz of gold or 500 oz of silver.

    Anyone know when they started this?
  2. cstfx


    Who's they?

    Both Saxo and Oanda have had it for at least 3 yrs (that I have noticed - could have been longer, you know)
  3. is "they"

    Thats amazing that others have been doing it. I dont know about the others but It seems like you get a better deal with than if you just opened a commodity account to trade gold and silver. No worries about getting liquidated until you are actually out of money.

    I remember back in the 90s in my first commodity trading account, i had 3 contracts of gold or silver and i remember having them liquidate my account because it went below $4,500.

    Those were the good ol' days...had to use the phone to make buy/sell orders and online brokerages were just starting to come out, but they were unreliable as everyone was using dial up back then.