Dive into the world of Metals & Commodities trading, where you can explore a diverse range of products, from precious metals like gold and silver to vital commodities like Brent and New York Crude Oil, all at your fingertips.
In the realm of trading, precious metals like Gold and Silver hold a timeless allure as the oldest and most trusted forms of currency. When trading Gold and Silver with MYFX Markets, there's no need for physical ownership of these precious commodities. Instead, their value is denoted by weight.
The price of Gold is denominated per ounce, such that when you see the Gold (XAUUSD) price at $1,900, it signifies that one ounce of Gold is trading at $1,900. Similarly, the price of Silver is measured in terms of its per-ounce value in USD. When you spot the Silver (XAGUSD) price at $24, it indicates that one ounce of Silver is available for trade at $24.
Metal Trading Hours
Product
Gold
Silver
Code
XAUUSD
XAGUSD
Trading Time Mon - Thurs
01:00 – 23:59
01:00 – 23:59
Trading Time Friday
01:00 – 23:58
01:00 – 24:00
Break
00:00 – 01:00
00:00 – 01:00
Unlocking the World of Oil Trading
Oil's paramount role in the global fuel industry positions it as one of the world's most crucial and actively traded commodities.
The price of oil is subject to the influence of a wide array of significant, and at times, seemingly unrelated factors, rendering it a highly volatile commodity. Economic supply and demand dynamics, political instability in oil-producing regions, and even advancements in alternative fuel technologies all exert their impact on oil prices.
When you engage in oil trading with MYFX Markets, you're not purchasing physical barrels of oil. Instead, you enter into a contract tied to the actual commodity's price. This financial instrument is commonly known as a Contract For Difference, or CFD.
Oil Trading Hours
Product
Crude Oil
Brent Oil
Code
WTI
BRENT
Trading Time Mon - Thurs
01:00 – 24:00
01:00 – 24:00
Trading Time Friday
01:00 – 24:00
01:00 – 24:00
Break
-
-
Ready to Start Trading?
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Icon FX is a trade name of Icon Tech PTY Ltd, a limited company registered in Australia authorised and regulated by the Australian Securities & Investments Commission (ABN 94 650 709 265)
Here at Icon FX we want to expand our positive influence beyond the financial sector. That’s why when you trade with Icon FX we commit a portion of our revenue to supporting world-leading projects like Ocean-Bound Plastic Clean-up and Mangrove Tree Planting. See more info here https://verdn.com/
Risk Warning: Trading foreign exchange on margin carries significant risks, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. 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. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. With the demo account you can test any trading strategies you wish in a risk-free environment. Please bear in mind that the results of the transactions of the practice account are virtual, and do not reflect any real profit or loss or a real trading environment, whereas market conditions may affect both the quotation and execution. A Disclosure Document is available here. Information about our services, including our fees and charges is also available at those sources.
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