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Alpari Gold Accounts

About Gold Accounts

Calculations in GLD

FAQs

Alpari GOLD Accounts - A New Gold Standard in Trading

Alpari's "Gold Accounts" provide an exciting new alternative to traditional metal investment accounts.

As opposed to our other trading accounts, which are denominated in either USD or EUR, "Gold Accounts" are instead denominated in GLD, a unit worth one thousandth of the spot price of gold (or 0.001 of the XAUUSD spot price).

Deposits made to a Gold Account are converted to GLD, and all peformance indicators and measures of your account balance and will be in GLD, rather than EUR or USD. Other than that, there aren't any major differences between these accounts and Alpari's standard currency-denominated accounts. You can still trade currencies and spot metals (including gold - XAUUSD).

Open a gold account today in myAlpari.


The Advantages of the "Gold Account"

  • Protection against Market Fluctuations: Since central banks limit the sale of gold (after the Washington Agreement of 1999) and world gold reserves are relatively small, investments in gold provide protection against sharp fluctuations in currency rates.
  • Greater Returns during Downturns: During periods of economic or political instability, the price of gold tends to rise as capital is increasingly invested in precious metals.
  • Asset Diversification: Diversify your assets by developing a portfolio of gold and currency-denominated accounts.

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Please Note: Our Trader's Calculator makes these calculations even easier.

  • Read 1

    Calculating the Deposit

    Let's say you open a classic.mt4 account with GLD as the deposit currency, making a deposit of 1,000 USD to this account.

    Your funds will be converted to GLD at our current rate, which you can find in the "Conversion Rates" section of myAlpari.

    Let's say our GLD/USD conversion rate at the moment of the deposit is 1.33 (1 GLD = 1.33 USD). Your deposit of 1,000 USD will converted to 751.88 GLD (1,000/1.33 = 751.88).

    With your GLD-denominated account, you will be able to trade every instrument available on classic.mt4 accounts, including Gold Spot (XAUUSD).

    Please Note: If you are manually calculating the margin requirements for your Gold Accounts, 1 GLD is equal to .001 of the spot price of gold.

  • Read 2

    Margin Requirements

    Let's suppose you buy 0.1 lot of EURUSD at 1.3846 where the current quote for GLDUSD is 1.3345.

    The notional cost of your position is 10,000 units of the base currency, in this case EUR.

    You can use the price at which the position was opened and the price of GLDUSD at the moment the position was opened to determine the cost in GLD. This will be 10,000 * the price at which the position was opened /the price of GLDUSD: 10,000*1.3345/1.3345= 10,375.42 GLD.

    Let's say you are trading on a classic.mt4 account. In accordance with the Margin Requirements, the position (with a notional value of 10,375.45 GLD) will be opened with 1:500 leverage.

    In this case, the actual margin reserved to open the position will be equal to the the notional value of the position in GLD divided by the leverage: 10,375.42/500=20.75 GLD.

  • Read 3

    How Profit is Calculated

    Let's assume that you bought 0.1 EURUSD at 1.3846 and closed the position at 1.4150. Your profit is 1.4150-1.3845= 305 pips.

    One pip (change in the price of 0.0001) with a position of 0.1 lots is equal to one unit of the quote currency, which in this case, will be 1 USD.

    Let's assume that GLDUSD was 1.3512 when the position was closed.

    Your profit for this trade will be 305 USD/ the price of GLDUSD: 305/1.3512= 225.73 GLD.

  • Read 4

    How Investment Returns are Calculated

    Let's say that the spot price of gold has increased from 1,330.00 to 1,351.20 since you deposited 1,000 USD.

    This means that the dollar equivalent of your "Gold Account", without taking into account any trading, is now 751.88 * 1.3512 = 1015.94 USD.

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  • Read 1

    How can I open a "Gold Account?"

    You may open a "Gold Account" in myAlpari, just like any other account.

    A "Gold Account" can be opened like any account for which deposits in GLD are available. See the Trading Terms table for more information.

  • Read 2

    How can I fund my "Gold Account?"

    You can make deposits onto "Gold Accounts" in USD or EUR using any form of payment allowed on your particular account type. Read more in the Trading Terms section.

    Funds deposited to "Gold Accounts" will be converted from either USD or EUR using the quote of either GLDUSD or GLDEUR (the derived cross-quote), depending on the deposit currency.

    You can find more information about all payment types in the FAQ section.

  • Read 3

    How can I withdraw funds from my "Gold Account?"

    You may withdraw funds from your "Gold Account" into USD or EUR using any form of payment allowed on your particular account type. Read more in the Trading Terms section.

    Funds withdrawn from "Gold Accounts" will be converted to either USD or EUR using the current quote of either GLDUSD or GLDEUR respectively..

    You can find more information about all payment types in the FAQ section.

  • Read 4

    Can I fund my "Gold Account" by transferring funds from another account?

    Yes, by using the internal transfer form in myAlpari.

  • Read 5

    What fees will I be charged for deposits and withdrawals on my "Gold Account?"

    When you deposit or withdraw funds, you will pay a standard commission, which will be charged from your account by the bank or your payment system.

    Further information about both forms of payment and the accompanying commissions can be found here: FAQ.

    Note: Alpari has the right to set internal conversion rates from any payment currency into GLD and vice versa. These conversion rates are used during calculations in myAlpari.

  • Read 6

    How is my account information calculated on the "Gold Account?"

    All of the basic information about your "Gold Account" (balance, available funds, margin, free margin), as well as information about trading operations (profit/losses, rollover costs, commission) and non-trading operations (deposits, withdrawals) made on your account is calculated in units of GLD using the indicative GLDUSD rate, which can be found in the "Market Watch" window on the MetaTrader4 platform.

  • Read 7

    Which instruments can I trade on the "Gold Account?"

    You may trade any type of instrument which is allowed for your particular account type, referring to the: Trading Terms.

    "Gold Accounts" do not have any particular limits on trading which can't be found on accounts denominated in ordinary currencies.

  • Read 8

    Does ownership of a "Gold Account" entitle me to receive some form of gold?

    No, ownership of a "Gold Account" does not imply ownership of gold, or the delivery of gold in any form.

    "Gold Account" simply means that transactions made with Alpari will be carried out based on standard units, calculated as 0.001 of the spot rate of a Troy ounce of gold (trading instrument XAUUSD).

  • Read 9

    Is my "Gold Account" deposit backed by real gold?

    The Gold Account is not backed by gold.

    Alpari reserves the right, but is not obligated, to completely or partially hedge its financial risks by purchasing gold bullion, spot contracts or futures on gold at any time and at any volume.

  • Read 10

    Can I make a deposit at my local Alpari office using gold bullion?

    No. You can not. Learn about all accepted forms of payment here: FAQ.

  • Read 11

    Can I earn interest on "Gold Accounts?"

    No. Interest currently can not be earned on the "Gold Account."

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MetaTrader 4

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Account Type
micro.mt4
Open an Account 		classic.mt4
Open an Account 		pamm.mt4
Open an Account 		classic.ndd.mt4
Open an Account 		pamm.ndd.mt4
Open an Account 		pro.ecn.mt4
Open an Account 		pamm.ecn.mt4
Open an Account
Trading
Platform 		MetaTrader 4
Deposit Currency USD, EUR USD, EUR,
GLD 		USD, EUR
GLD		 USD, EUR USD, EUR
GLD		 USD, EUR USD, EUR
GLD
Minimum
Deposit 		x 200 USD
200 EUR
200 GLD 		300 USD
200 EUR
200 GLD 		200 USD
200 EUR 		300 USD
200 EUR
200 GLD 		5,000 USD
5,000 EUR 		5,000 USD
5,000 EUR
5,000 GLD
Floating Leverage [1] Range 1:500 - 1:10 1:500 - 1:1
May Change Leverage 		1:100 - 1:10
Minimum Lot Size 0.01 (step – 0.01) 0.1
(step – 0.01) 		0.01
(step – 0.01) 		0.01 (step – 0.01) 3 lots (step - 0.01)
Maximum Order Size 5 lots
(for each instrument) 		x 100 lots 100 lots
Maximum Volume for Open Positions 5 lots
(for each instrument) 		x
Stop Out[2] 20% 60% [3]
Maximum Order Number 100 x
Rollover Swap
Swap-Free Account Availability x
Commission x from 3 USD for 1 lot [4] Under 500 Million USD - $30 per million USD [5]

From 500 Million to 1 Billion USD - $25 per million USD

Over 1 Billion USD - $20 USD per million USD
Instruments Forex: 34 currency pairs, spreads from 0.5 pips

Spot Metals 		Forex: 52 currency pairs, spreads from 0.5 pips

Spot Metals 		Forex: 32 currency pairs Forex : 32 currency pairs Forex: 50 currency pairs
Execution
Method 		Instant Execution
Market Execution
Telephone Dealing x x
Fund Deposit

Comparison Table 		All Deposit Options Available at Alpari Transfer from Transitory Account All Deposit Options Available at Alpari Transfer from Transitory Account All Deposit Options Available at Alpari Transfer from Transitory Account
Fund Withdrawal [5]

Comparison Table 		All Withdrawal Options Available at Alpari Transfer to Transitory Account All Withdrawal Options Available at Alpari Transfer to Transitory Account All Withdrawal Options Available at Alpari Transfer to Transitory Account
VIP TermsPremium x x
Trading Central
Analytics
Demo Version
21 days x 21 days

[1] If open positions are modified or positions are opened or closed on Forex currency pairs on a micro.mt4 or classic.mt4 account in the hour before the trading session ends on Friday, a leverage of 1:100 will be fixed for all open or newly open positions on Forex currency pairs. After the trading session closes, leverage will be set in accordance with the volume of the position.

[2] Alpari imposes restriсtions on minimum withdrawal.

[3] For a complete transaction, commission is double the normal rate (opening/closing).

[4] For a complete transaction, commission is double the normal rate (opening/closing). A shift to a lower commission takes place sequentially (the first 500,000 is subject to the maximum commission, the next to the next lower commission and so on). At the beginning of each month, the commission rotation starts over.

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Risk Disclaimer: Trading with leverage is a high-risk activity. Your losses may potentially exceed your initial deposit. Before you start trading,
you should completely understand the risks involved with the currency market and be aware of your level of experience in trading.

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in the Financial Service Provider Register of New Zealand (#28048).
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Registered Address: Level 5, 235 Broadway, Newmarket, Auckland, 1149, New Zealand.
Registration Number 2193139.