Precious Metal Trading

  • Gold, Silver, Platinum.
  • Transparent pricing.
  • Leverage up to 500 times.

Invest in the Oldest Currencies

Athena gives our clients an easy and cost-efficient way to invest in gold and other precious metals.

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Protection against inflation

The value of fiat currencies depreciates as the government prints money every year, causing property values to go up with inflation. Due to the scarcity of gold, the value has been growing must faster than inflation over the past 50 years.
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Gold and silver are a safe haven

Gold and silver not only retain their value against financial and geopolitical uncertainty, but also outperforms the stock and real estate market.

Trade Precious Metals with Athena

Athena’s focus on precious metal trading allows our clients to easily access one of the oldest trading markets at a fraction of the cost of traditional markets. By digitizing precious metals as online investment products, Athena can lower its transaction cost and discover the best market price. Our offers include:

No commission with exceptional price discovering

  • Enjoy deep and constant order settlements through our fully automated settlement system and pay no commission on your trades.

Automated fund management tools

Trading Conditions

At Athena, we aim to make our trading conditions and policies as simple as possible. If you still have questions, please contact us for clarification.

Commission

No commission to gold, silver and platinum.

While no commission is charged on precious metal trading, Athena may receive rebates from its liquidity providers and generates revenue from spreads.

Trading Hours

24 hours, 5 days per week

Precious Metals markets open 24hours during weekdays. The market closes only on Saturdays and Sundays, including Christmas and New Year.

Contract Size

1 contract of gold values at 100 troy ounces of goldIf a trader buys 1 contract of gold at $1,500, then the trader is buying 100 troy ounces of gold with $150,000 (100 troy ounces * $1,500 per troy ounce)

1 contract of silver values at 5,000 troy ounces of silverIf a trader buys 1 contract of silver at $40, then the trader is buying 5,000 troy ounces of silver with $200,000 (5,000 troy ounces * $40 per troy ounce)

1 troy ounce is equal to 31.1034768 gramsA troy ounce is a unit of measure used for weighing precious metals that dates back to the Middle Ages.

Min. Trading Size (In Contract Size)

0.01 contact

The smallest amount you can buy is 0.01 contract, which is equal to 1 troy ounce for gold and 50 troy ounces for silver.

Max. Trading Size (In Contract Size)

50 contacts

The largest amount that you can buy or sell at Athena is 50 contract (contracts) which is equal to 5,000 troy ounces for gold and 250,000 troy ounces for silver.

Tick Price(Smallest Value in Quote)

0.01 for gold (XAUUSD)Tick price for XAUUSD (US Dollar denominated Gold) is 0.01 which equals to US$1 per contact.

0.01 for silver (XAGUSD)Tick price for XAGUSD (US Dollar denominated Silver) is 0.001 which equals to US$5 per contact.

Leverage

Adjustable leverage up to 500 to 1

If you want to buy 1 contract of XAUUSD (US Dollar denominated gold) at $1,500, you must have a minimum of $150,000 ($1500 * 100 ounces) in your trading account using 1 to 1 leverage. However, if you change the leverage to 50 to 1, you can buy up to 50 contracts of XAUUSD using $150,000. In the same way, you can buy up to 500 contracts of XAUUSD with $150,000 using 500 to 1 leverage.

Learn more about leverage and margin requirement

Margin Call

Required Margin and 50% Stop Out

Using 10 to 1 leverage, your required margin to buy 1 XAUUSD at $1,500 is $15,000 ($1,500 * 100 ounces * 1/10). At all times, your account balance should be able to cover the required margin, regardless of market volatility. If your account balance falls below 100% of the required margin, you will get a margin call. In this case, you must deposit more funds or increase your leverage. If your account balance ever falls below 50% of the required margin, your open position will be forced to close by the system.

Learn more about margin call and stop out

Margin Calculation Formula

Margin requirement for gold =Current Price of Gold * 100 ounces * Number of Contract / Leverage

Margin requirement for silver =Current Price of Silver * 5,000 ounces * Number of Contract / Leverage

Profit Calculation Formula

Profit calculation for gold =Buy: (Close Price – Open Price) * Number of Contract * 100 ounces
Sell: (Open Price – Close Price) * Number of Contract * 100 ounces

Profit calculation for silver =Buy: (Close Price – Open Price) * Number of Contract * 5,000 ounces
Sell: (Open Price – Close Price) * Number of Contract * 5,000 ounces

Swap Interest Swap Charge Time

Overnight swap interest capped at 0.05%

The Swap Interest is charged once a day, only if there is an open position when CME (Chicago Mercantile Exchange) opens its future trading at 4pm Central Time (UTC – 6) every day. If there is no open position at 4pm CT, no Swap Interest will be charged.

Swap Interest calculation formula

Swap interest for a long position

= The Interest Rate * Current Price * Number of Contracts * Premium / 360

Swap interest for a short position

= The Interest Rate * Current Price * Number of Contracts * Discount / 360

Athena uses Interest Rate Cap to protect traders from any sudden surge in swap interest causing unavoidable disruption in trading.

Learn more about Swap Interest and Interest Rate Cap