Frequently Asked Questions

• 1.  

  What is silver trading?

  When the glittering gold gets so flashy expensive, silver online trading can be an attractive option for some investors. Traders can invest in silver stocks, futures, EFTs and traditionally bars. As far as silver trading is concerned, this kind of venture takes away the hassle of owning the underlying asset and allows traders to benefit from the changes in price when they predict the way it is going to move accurately.

  2.  

  How does silver trading differ from forex trading?

  Well, although the mechanism of trading is similar, the difference between silver and forex trading lies in the trading hours and volatility.

  When investing in silver trading online, investors can notice that the prices can move more dramatically than forex as the silver market is more volatile. While the forex market operates 24/5, silver has specific trading hours that can vary according to exchange.

• 3.  

  Why buy silver instead of gold?

  The poor man's gold, as people used to refer to silver in older times, does not only offer cheaper investing opportunities! In fact, trading silver online can offer promising potentials due to its vast usage in the industries especially in booming or recovering economies. Additionally, the demand for silver is higher than the supply which often drives its prices higher.

  4.  

  What platform do you provide for trading silver?

  Silver traders with STARTRADER can place their order on MT4, or MT5, both available in mobile and desktop versions. Moreover, they can enjoy the convenience of trading on the go with our easy to use STARTRADER online silver trading app. For those who prefer not to go through the hassle of downloading software, they can start silver trading on Web Trader directly from their browsers.

• 5.  

  How do I place a trade on your platform?

  It is better for investors to explore online silver metals trading platforms to gain a better understanding of the potential benefits and risks involved before starting off on their venture. Among these platforms the STARTRADER emerges as one of the best.

  Placing orders on our silver trading platform is a straightforward process. After the traders choose their asset, they can decide whether to go long or short, and they select the type of order to be executed. Of course, they also need to set the quantity they want to trade. It is advisable to make use of risk management tools and set a stop loss to mitigate potential risks.

  6.  

  What are the trading hours for silver?

  You can invest in silver in several ways: buying silver stocks online, purchasing physical silver bars, or speculating on silver CFDs. For the latter option, sliver trading time will vary depending on the underlying asset and the specific platform you choose.

• 7.  

  What leverage options are available for silver trading?

  In the world of silver commodity trading, investors can make use of leverage aiming to gain more with less invested capital. However, they need to remember that leverage does not only potentially increase the possible returns but also the possible risks. As such, they should start by practicing with a demo account, and make use of all risk management tools available including stop loss and stop limit. As for trading silver with STARTRADER, investors can place orders with leverage up to 1:500.

  8.  

  What are your margin requirements for silver trading?

  Online trading in silver, gold, and other commodities requires different margins. When trading silver online with STARTRADER, the minimum requirement for funding one’s account is U$50 .

  The required margin for silver (XAGUSD) is calculated by using the following formula:

  • Contract size x Open Price x Lot x (the exchange rate of quote currency, exchange to account currency) x Margin Percentage

  If the trading account currency is USD, then no rate exchange will be required; it would just be:

  • Contract size x Open Price x Lot x Margin Percentage
• 9.  

  Why should I trade silver with STARTRADER?

  STARTRADER offers one of the best silver trading platforms. You can aim for higher potential because they offer tight spread and ultra-fast execution, so that no opportunity slips your hands. To top all, STARTRADER offers excellent and personalized support 24/6. The client support team is ready to address your concerns and reply to your questions right away. Moreover, STARTRADER offers you the chance to choose the type of silver trading account that suits your needs and your level of experience. From demo to STP, and ECN accounts, STARTRADER provides investors with a wide range of options that suit their goals.