Terms of Use

Educational material, not advice

The content on this site is educational material only. It is not personal or general financial advice, not a recommendation, and not an offer to buy or sell any instrument, including gold (XAU/USD).

The desk is not a licensed adviser and does not know your circumstances. Any decision to open an account or place a trade is yours, and it should be made with the broker's own documents in front of you.

What you are agreeing to when you use this site

By using Pilbara Calls you agree to use the material for your own information and not to rely on it as a substitute for licensed financial advice. You accept that trading gold CFDs is high-risk, that you can lose more than you deposit, and that no part of this site guarantees a result or protects you from loss. You also accept that the site does not place trades, hold funds or act on your behalf, and that your dealings are with FxPro UK Limited. This is the core of the bargain between you and a general-information publisher.

You agree not to copy, republish or resell substantial parts of the content without permission, and not to use the site in a way that interferes with its operation or with other readers' access. You accept that we may change, suspend or withdraw parts of the site at any time, and that we do not owe you continued availability. You are responsible for the accuracy of any information you send us and for keeping your own device and credentials secure. These obligations are modest, but they are conditions of using the site.

You accept that the affiliate relationship described on this page means we may earn a commission if you open an account with FxPro through our links, and that this does not change the costs you pay. You accept that the material is general and may not suit you, and that you will verify current figures with the broker before acting. You accept that the law of Western Australia and the Commonwealth governs these terms. If you are not willing to accept these conditions, you should not use the site.

These terms operate alongside, and do not replace, the broker's client agreement, which governs your account and any trades you place. Where the two appear to conflict on a matter concerning your account, the broker's agreement prevails. Nothing in these terms gives you rights against the broker that you would not otherwise have, and nothing gives the broker rights against you beyond its own agreement. If any part of these terms is unclear, ask us in writing before you rely on it.

Limits of liability for readers who rely on this material

Pilbara Calls provides the content on an as-is basis and, to the extent the law allows, accepts no liability for losses you incur by acting on it. Trading gold CFDs carries a real risk of losing more than you deposit, and that risk sits with you, not with this site. We do not guarantee that any explanation is complete, accurate or current, and we are not responsible for decisions you make after reading a worked example such as the margin figure for a 0.10-lot position at 1:200. Use the material as a starting point for your own verification.

We are not liable for the acts or omissions of FxPro UK Limited or any other broker, including execution quality, slippage, platform outages, rejected orders or delays in processing withdrawals. We do not control the price feed, the spread at any moment or the swap charged on a position held overnight, and we cannot intervene in a dispute between you and your broker. If something goes wrong with your account, your remedy lies under the broker's client agreement and with the relevant regulator, not with this site. Keep your own records of every transaction.

Nothing in this section excludes or limits any liability that cannot lawfully be excluded under Australian law, including rights you may have under the Australian Consumer Law. Where such rights apply, our liability is limited to the maximum extent permitted, which may mean re-supplying the information or paying the cost of doing so. We do not exclude liability for fraud or for death or personal injury caused by negligence. The limits described here apply only to the extent they are lawful, and they should be read together with the rest of these terms rather than in isolation.

You accept responsibility for keeping your own records, credentials and devices secure, and we are not liable for losses arising from unauthorised access to your broker account. We are also not responsible for indirect or consequential loss, lost profits or loss of opportunity connected with your use of this site. Because the material is general in nature, you should seek licensed advice if you are unsure whether gold CFDs suit your circumstances. Reading this site does not create any advisory, fiduciary or client relationship between you and Pilbara Calls.

Dated figures and affiliate links

Figures on this site are dated and must be verified with the broker before you rely on them. Costs, platform lists and conditions change, and the broker's current documents are always the authoritative source.

Some links are affiliate links, which means the desk may be paid if you open an account through them. Your relationship is with the broker, not with this desk, and the regulator caveat applies: FxPro is licensed by the FCA (UK) and CySEC. It does not hold an ASIC licence, so Australian residents deal with an offshore entity — check this before funding.

How updates to these terms are published and when they take effect

Changes to these terms are published on this page, and the revised version takes effect when it is posted unless the notice states a later date. We do not send individual emails for every edit, so you should check this page periodically if you rely on it. The current version supersedes all earlier versions, and continued use of the site after a change indicates acceptance of the revised terms. If you do not accept a change, you should stop using the site, though that does not affect any account you hold with the broker.

We may update the terms to reflect changes in the law, in the way the site is funded, or in the facts we describe, such as the instrument conventions for gold or the leverage cap available to Australian clients. Where a change is material, we will make that clear on this page rather than altering the wording silently. We do not backdate changes and we do not remove earlier versions from our own records. Any figure quoted, such as the approximately $85.50 margin for a 0.10-lot position at 1:200, is current only as at the publication date of the version you are reading.

The broker's own terms change on the broker's timetable, not ours, and you should monitor FxPro's client agreement and fee schedule directly for those updates. A change to the broker's costs, leverage cap or funding arrangements will not automatically alter this page, and we may not learn of it promptly. Where we become aware of a material change we will update the affected section, but we cannot guarantee that every change is reflected here. The version of the broker's documents that applies to your account is the one in force at the relevant time.

Because these are general terms for a website, we keep the update process simple: the revised text appears here, and the date of publication is shown on the page. We do not require you to re-accept the terms to keep reading, and we do not charge for access. If you have a question about which version applied at a particular time, you should rely on your own copy or ask us in writing. For anything concerning your trading account, the broker's records will be the authoritative source.

The affiliate relationship behind the links on this site

Pilbara Calls earns money through affiliate arrangements, which means we may receive a commission or referral fee when a reader clicks through to FxPro and opens or funds an account. This is how the site is funded, and it is disclosed here in full rather than buried. The payment comes from the broker's marketing budget, not from you, and it does not increase the spread, commission or swap you pay on your trades. You pay the same costs you would pay if you arrived at the broker without clicking our link.

The existence of a commercial relationship does not change the facts we publish or the way we describe them. We do not receive a share of your losses, we do not see your trading results, and we are not paid more when you trade larger positions or more often. Where we give a worked figure, such as the roughly $85.50 margin required for a 0.10-lot gold position at 1:200, it is calculated from the instrument conventions rather than chosen to encourage volume. You should assume any outbound link to a broker may be an affiliate link unless stated otherwise.

Affiliate arrangements can influence which firms a site writes about, and we accept that this is a fair criticism of the model. Our response is to keep the disclosure prominent and to describe costs in terms of what they consist of and what they depend on, because we have not been given specific spread, commission or swap numbers to quote. We do not present a broker as suitable for you, and an affiliate link is not an endorsement of any particular account type, leverage setting or trading strategy. The decision to open an account remains entirely yours.

You are free to reach FxPro without using our links, and doing so has no effect on the information available to you here. If you would rather avoid affiliate tracking, navigate to the broker directly and read its client agreement, target market determination and fee schedule before funding. We would rather you make an informed decision than an influenced one. Any commission we earn is a commercial arrangement between this site and the broker, and it creates no obligation on you and no advisory duty owed to you by this site.

What Pilbara Calls provides and what it deliberately does not

Pilbara Calls publishes general information about trading gold (XAU/USD) and the mechanics of CFDs, and nothing on this page is personal financial advice. Every explanation, worked example and margin figure is prepared for a broad Australian readership without regard to your objectives, financial situation or needs. That means the material cannot tell you whether a 0.10-lot gold position, or any position, is appropriate for you. Treat everything here as education you must test against your own circumstances before you commit funds.

This site does not execute trades, hold client money, set prices or act as a broker or intermediary of any kind. When you open an account you deal directly with FxPro UK Limited, the entity that serves Australian residents, and your contract is with that firm rather than with us. We do not receive your orders, cannot amend or cancel them, and have no access to your account balance or positions. Any funding you send by PayID or bank transfer goes to the broker, not to this site, and any dispute about execution or withdrawals sits between you and the broker.

What the site does provide is a consistent, plain-language reference: instrument conventions such as one standard lot of gold equalling 100 oz and one pip equalling 0.01, a reference price near 4275.0, and the way margin works at the maximum leverage available to Australian clients of up to 1:200. At 1:200, a 0.10-lot gold position needs about $85.50 margin, a figure you can check against your own platform. We explain what costs consist of and what they depend on rather than presenting any cost as a headline. Nothing here is a recommendation to trade.

Information ages, and market conditions move faster than any page can. Prices, spreads, leverage caps and platform features described here reflect the position at the time of writing and may have changed by the time you read them. You should confirm current terms directly with FxPro before acting. If any statement on this site conflicts with the broker's own client agreement or product disclosure material, the broker's documents govern your account. We do not warrant that every figure remains current, and you should not rely on a single source for a decision that risks real money.

The law that governs these terms and your use of the site

These terms are governed by the laws of Western Australia and, where applicable, the Commonwealth laws of Australia, and you agree to submit to the non-exclusive jurisdiction of the courts of that state. The non-exclusive wording means you are not prevented from bringing a claim in another Australian forum where the law gives you that right. If any provision is found unenforceable, it is read down or severed and the remaining provisions continue in force. This governing-law clause concerns your use of the website, not your trading account with the broker.

Your trading relationship with FxPro is governed by a separate agreement between you and FxPro UK Limited, and that agreement sets out the law, dispute resolution and regulatory framework for your account. FxPro is licensed by the FCA (UK) and CySEC. It does not hold an ASIC licence, so Australian residents deal with an offshore entity — check this before funding. That offshore status affects which dispute-resolution and compensation arrangements apply to you, and it is a matter you should understand before depositing any money.

Nothing on this site is intended to constitute an offer or solicitation in any jurisdiction where such an offer would be unlawful, and we make no representation that the material is appropriate for use outside Australia. If you access the site from elsewhere, you are responsible for complying with your local laws. We do not provide financial services and do not hold an Australian financial services licence, so we cannot and do not advise you on the merits of any financial product. The broker is responsible for the disclosures that accompany its own products.

Where a dispute arises about your use of this site, you should raise it with us first in writing so we have a chance to resolve it. We will attempt to respond within a reasonable period, though we do not promise a fixed number of days. If a dispute cannot be resolved informally, it may be referred to the courts identified above. This process does not cover complaints about your broker account, which must follow the broker's own complaints procedure and, where relevant, the applicable external dispute body.

Risk of loss with gold CFDs

CFDs on gold carry a high risk of loss and most retail accounts lose money. Leverage, including the cap of up to 1:200 available in Australia, magnifies both gains and losses, and it is a cap rather than a setting to aim at.

At 1:200, a 0.10-lot gold position needs about $85.50 margin at the reference price of roughly 4275.0, which shows how quickly exposure builds. Trade only with money you can afford to lose.