Over the counter (OTC) trading on spot precious metals and contract for difference (CFDs) on spot precious metals, or spot metals, are financial instruments that allow traders to invest and capitalise on prices moving up (going long) or down (going short) without the need to pay for ownership of the precious metal. Similar to trading FX, the trade takes place over the counter, removing the need for middlemen as the two involved parties can conduct their business directly.
ICM offer OTC trading on spot precious metals including spot gold and spot silver quoted in Euro and USD per troy ounce.
Our advanced platforms give you the opportunity to trade spot gold and spot silver with tight spreads, fast execution and deep liquidity. This enables you to take advantage of both prices moving up (going long) or down (going short) without having to pay for ownership of the metal.