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Make the most of gold’s price moves
Trade gold option CFDs on MT5 with zero commission and flexible conditions that put you in control in changing markets.
What are options and option CFDs?
An option is a financial contract that gives the buyer the right, but not the obligation, to buy or sell an underlying asset such as gold at a fixed price on a specified date. The cost of entering this contract is known as the premium. An option CFD is a Contract for Difference based on an option contract. Instead of owning the option itself, you speculate on changes in the option’s price, meaning you can make a profit or loss from those movements without buying the option or the underlying asset.
Explore options CFD trading
Trading gold option CFDs allows traders to take positions using call options for rising markets or put options for falling markets, without owning physical gold. Available exclusively on MT5, they offer flexible access to the gold market and support different trading approaches.
Capture gold market moves with precision
Access gold option CFDs on MT5 with competitive pricing, flexible trading conditions and the control to respond quickly when opportunities arise.
Zero commission
Trade gold option CFDs with no commission across all account types, helping you keep more of your potential returns.
No swap charges
Hold positions without overnight financing fees, making gold option CFDs suitable for both short-term and longer strategies.
Competitive spreads
Spreads from 0.7 provide transparent pricing and make it easier to keep trading costs under control.
Call and put options
Call options allow you to take a position on rising prices, while put options allow you to position for falling prices.
Protect your portfolio
Including gold option CFDs in your portfolio can help protect you against unexpected market moves.
Available on MT5
Access gold option CFDs on the powerful MetaTrader 5 platform with advanced tools, fast execution and full control.
| Name | Equiti abbreviation | Type | Typical spread (as a decimal) | Margin | Contract size (1 lot) | PL of 1 lot | Market hours (NY time)* |
|---|---|---|---|---|---|---|---|
| Gold option | Gold GCxx | Option | 0.7-1.4 | 100% | 100 troy oz | 100 USD per 1.0 move |
Mon - Thu 01:00-16:59 Fri 01:00-16:57 |
| Specification | Details |
|---|---|
| Direction allowed | Long only (sell to close is allowed) |
| Commission | No commission |
| Min/max trade sizes | Minimum trade size is 0.01 lots (1 ounce). Maximum trade size per click is 3 lots (300 ounces). Maximum position size is 10 lots (1,000 ounces). |
| Price movement | 10 cent increments |
| Settlement method | Cash-settled at intrinsic value at expiry, based on the official CME settlement price of the corresponding gold futures contract. |
| Settlement reference symbol | Gold futures (GC) |
| Swaps | None |
Please note that our gold options spreads are generally fixed based on the price of the option (low priced options will have low spreads, higher priced options will have wider spreads) but all can widen if the underlying gold options market becomes illiquid. The information in these tables is correct at the time of publication; we reserve the right to change the content at any time. For live updates, please refer to your trading platform or contact our Support teams.
*Trading hours can change due to public holidays. Please check our Holiday Hours page for upcoming closures.
**Options are complex financial instruments and are not the same as futures or spot. Although both derive their value from an underlying market, options prices behave differently and can change in ways that may be unfamiliar to futures and spot CFD traders.
Option CFDs FAQs
What is option CFD trading?
Option CFD trading means trading the value of an options contract without owning the option itself or the underlying asset. Instead of owning the option, you simply speculate on whether its price will rise or fall, with profits or losses based on those changes. This allows you to participate in options markets without taking ownership of the contract or the asset it relates to.
Where can I trade gold option CFDs?
Our gold option CFDs are available exclusively on the MetaTrader 5 trading platform. MT5 provides advanced charting tools, fast execution and a wide range of order types, allowing you to analyse the market and manage positions efficiently from desktop or mobile device.
What happens when my option CFD expires?
Your gold option CFD will be automatically closed at expiry and settled in cash. You will not receive a gold futures position or physical delivery.
Settlement normally takes place at 20:30 server time (13:30 New York time) on the expiry date. The final value depends on how the gold futures price compares with the option’s strike price at that time.
For a call option, the value is calculated as the gold futures price minus the strike price, or zero if this amount is negative.
Call = max (0, futures price − strike price)
For a put option, the value is calculated as the strike price minus the gold futures price, or zero if this amount is negative.
Put = max (0, strike price − futures price)
Can I buy and sell option CFDs?
You can only open buy positions (go long) in gold option CFDs. After opening a trade, you may close it at any time before the last trade date and time by selling the position, or let it expire automatically at the set expiry date and time.
What happens if my margin level drops below the liquidation level?
Your gold option CFD positions will not be liquidated if your margin level falls below the liquidation threshold, as they are fully margined and unrealised profit or loss is not included in the margin calculation. However, any non-option CFD positions you hold may be liquidated according to our standard liquidation rules.
What if the strike price or expiry date I want isn’t available?
If there is enough demand for a particular option, we may be able to make it available. Typically, this requires a minimum combined commitment of 5,000 ounces. If you cannot meet this amount individually, you can still submit a request for a smaller size, and if other clients are interested in the same option, the total demand may reach the required level.
Why trade gold option CFDs instead of standard gold CFDs?
When you buy a futures contract, your profit and loss move point for point with the market. If the market drops, your losses can grow and, in theory, become unlimited. You may also face margin calls or liquidation if the position moves against you.
When you buy an option, your risk is capped from the start. The most you can lose is the price (premium) you paid for the option. No matter how far the market moves against you, you cannot lose more than that initial cost.
In simple terms, the key difference is:
Futures = unlimited downside risk
Options (buyers) = limited, predefined risk
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