Terms of Use

Educational material only

All content on Aurum Rand is for educational purposes only. It is not investment advice, a personal recommendation, or an offer to buy or sell any financial instrument. You should not rely on this information to make trading decisions. Trading gold CFDs involves significant risk, and you should consider your own financial situation and risk tolerance before trading.

We are not licensed to give advice, and we do not know your personal circumstances. Any figures we publish are dated and must be verified with the broker before you act on them. Brokers change their terms, and we cannot guarantee that a figure is still current when you read it.

Risk warning

CFDs on gold carry a high risk of loss. Most retail accounts lose money when trading CFDs. You can lose more than your initial deposit, and you should never trade with money you cannot afford to lose. We strongly recommend that you understand how leverage works before trading. The maximum leverage available in South Africa is up to 1:200 for retail clients and up to 1:500 for eligible/professional clients depending on instrument, but this is a cap, not a setting to aim at.

At 1:200 leverage, a 0.10-lot gold position needs about $85.50 margin. This is a worked example, not a recommendation to use that leverage. Higher leverage increases both potential profit and potential loss. Always use risk-based position sizing so one loss cannot sink your account.

Affiliate links and broker relationship

This site contains affiliate links to brokers. If you open an account through one of these links, we may earn a commission at no extra cost to you. However, your relationship is with the broker, not with Aurum Rand. We are not a party to any agreement between you and the broker, and we are not responsible for the broker's actions or for any losses you incur.

We do not guarantee the accuracy of broker information, and we do not endorse any broker. You should read the broker's own terms and conditions, risk disclosures, and privacy policy before opening an account. For South African clients of FxPro, the regulator caveat is that FxPro is licensed by the FCA (UK) and CySEC, and an FxPro entity holds an FSCA licence in South Africa — check which entity your own account is opened with.

Information Hub, Not a Trading Advisor

Aurum Rand is a standalone educational website that explains how gold trading works through FxPro's platforms, and it does not act as your financial advisor or portfolio manager. Every article, calculation, and worked example on this site is general information about XAU/USD mechanics, margin, and risk, not a personalised recommendation for your account. We do not know your income, your debts, or how much you can afford to lose, so no content here should be read as a signal to open or close a gold position. You remain solely responsible for every trade you place, and you should never act on website material without first checking it against your own trading plan and, where needed, a licensed FSCA-aligned professional.

The site is not a broker, an investment firm, or a financial services provider under South African law, and it does not hold client money or execute orders. Aurum Rand cannot open an account for you, process a deposit in rands, or change your leverage; those actions happen only inside your own FxPro client portal. Because we are not a regulated intermediary, nothing on these pages creates an advisory relationship, and you should not send us your ID number, trading password, or bank details. If an article shows a 0.10-lot gold position needing about $85.50 margin at 1:200 leverage, that is a mechanical illustration of the formula, not a suggestion that you should use that size or that leverage.

Our writers focus on protecting the account first, so examples repeatedly show how a single adverse move can erase a small balance, but that educational framing is still not advice. The risk of gold is real: XAU/USD can gap over weekends, and a 0.10-lot position moves $1 per 0.01 pip, which means a $10 adverse move costs $1,000 in rand terms at the prevailing exchange rate. We publish that maths so you can size positions that let you survive a bad session, not to tell you what to buy or sell. Always verify the current gold price, your FxPro entity, and the FSCA licence status of the entity that actually holds your account before you risk a single rand.

Full Disclosure of Our FxPro Affiliate Relationship

Aurum Rand earns money when a reader opens a live FxPro account through one of our affiliate links, and that relationship is the reason every page discloses it plainly instead of hiding it in a footer. The commission is paid by FxPro, not by you, and it does not change the spread, swap, or any other trading cost you see inside MT4, MT5, cTrader, or FxPro Edge. Because the payment comes from the broker's marketing budget, the amount you deposit in rands via a local card, bank transfer, or e-wallet is entirely yours for trading, and our affiliate fee is never deducted from your balance. We state this openly so you can judge whether our educational content remains useful to you.

The affiliate relationship does not mean we are employed by FxPro, and we do not have access to your account, your trades, or your personal information. FxPro Markets Direct Costa Rica Latam SRL is the entity that serves South Africa, and while FxPro is licensed by the FCA in the UK and CySEC in Cyprus, and an FxPro entity holds an FSCA licence in South Africa, you must check which entity your own account is opened with because that determines your regulatory protection. Our links take you to the broker's official onboarding pages, but the account application, verification, and funding are handled entirely by FxPro, not by Aurum Rand.

Because we profit only when someone becomes a client, we have an incentive to present FxPro positively, which is why we avoid words like 'best' or 'cheapest' and stick to verifiable mechanics: 1 standard lot of gold equals 100 oz, one pip equals 0.01, and the reference price near 4275.0 drives the margin calculation. If you open a 0.10-lot position at 1:200 leverage, the margin requirement is about $85.50, but we do not call that 'low margin' because the right size depends on your account equity and your loss tolerance. Our editorial rule is account protection first, so the affiliate link never overrides the risk warning that gold trading can lose more than your initial deposit.

Our Liability Ends at the Screen

Aurum Rand is not liable for any trading loss, missed profit, or account drawdown you experience after reading our content, because we provide only general information and you make every execution decision yourself. Gold prices move fast, and a position that looks safe in an article can become a losing one within minutes of a news release, so no website can promise that a particular stop-loss or lot size will protect you. We do not guarantee that the reference price of 4275.0 remains current, that FxPro's margin requirements stay at the levels we illustrate, or that the rand value of a $1 move stays constant. Your losses are your own, and you should never trade with money you cannot afford to lose.

We work to keep the technical facts correct—such as one pip on XAU/USD being 0.01 and one standard lot controlling 100 oz—but markets and broker policies change, and we may not update every page instantly. If FxPro adjusts the maximum leverage available in South Africa from the current cap of 1:200 for retail clients, or if the margin for a 0.10-lot position shifts from about $85.50, our older articles could show outdated numbers. That is not negligence on our part; it is the nature of a fast-moving market. You must confirm the live margin, spread, and swap inside your own trading platform before placing any order.

Nothing on Aurum Rand creates a warranty that gold trading is suitable for you, and we explicitly disclaim liability for indirect or consequential losses, including lost profits from a decision to wait instead of trade. Some readers may interpret our account-protection angle as a promise that small position sizes prevent ruin, but that is false: even a 0.10-lot gold position can lose hundreds of rands in a single session if the market gaps against you. We are not responsible for the actions of FxPro, its liquidity providers, or any third-party payment processor you use to fund your account in ZAR. Your recourse for execution problems lies with the broker, not with this website.

South African Law Governs These Terms

These terms and your use of Aurum Rand are governed by the laws of the Republic of South Africa, and any dispute about the content or the affiliate relationship must be heard in a South African court. We chose this governing law because our readers are in South Africa, you fund your trading account in rands through local cards or EFT, and the familiar regulator in your context is the FSCA. If you access this site from another country, you still agree that South African law applies, and you are responsible for checking whether the information here is legal in your own jurisdiction before relying on it.

The law that applies does not mean we are a financial services provider under the Financial Advisory and Intermediary Services Act, and we do not hold an FSCA licence ourselves. FxPro's South African entity may hold an FSCA licence, but you must check which entity your own account is opened with, because FxPro Markets Direct Costa Rica Latam SRL is the named entity serving South Africa and may not be the FSCA-licensed one. Our role as an information website does not trigger the same licensing duties as a broker or advisor, but we still write to a high standard of accuracy so that the legal framework around us is never tested by a reckless claim.

If any part of these terms is found to be unenforceable by a South African court, the rest of the terms remain in full force, and the unenforceable part is modified only as much as necessary to make it valid. This clause protects both you and us: you keep the right to rely on the factual content we publish, such as the maximum leverage cap of 1:200 for retail clients in South Africa, and we keep the right to limit our liability for market outcomes we cannot control. By staying on the site, you accept this governing law clause, and you agree that any legal action must be brought within the time limits set by South African law.

How We Publish Changes to These Terms

Aurum Rand may update these terms at any time, and the new version takes effect as soon as it is published on this page, so you should check back before making any trading decision based on our content. We do not send individual emails or push notifications about changes, because we cannot track every reader, and the responsibility to stay informed rests with you. The date of the latest revision is always shown at the top of this terms page, and any material change—such as a new disclosure about our FxPro affiliate relationship or a shift in the maximum leverage figures we quote—will be reflected in the text itself, not hidden in a separate document.

When we change the terms, the old version is replaced entirely, and we do not maintain an archive of previous terms for you to compare. This is standard practice for information websites, but it means you should note the current facts before you rely on them: for example, the reference gold price near 4275.0 and the margin of about $85.50 for a 0.10-lot position at 1:200 leverage are correct at the time of writing but may be outdated by the time you read this. If a change is significant enough to affect your understanding of risk, we will make that change prominent in the relevant section rather than burying it in a long paragraph.

Your continued use of Aurum Rand after a terms update means you accept the new terms, even if you did not read them, so the safest habit is to review this page whenever you return to the site after a break. We will never change the terms retroactively to claim a fee from you or to alter the fundamental nature of the site as educational material only, but we may clarify the affiliate relationship or the limits of liability as our legal advice evolves. If you disagree with a change, your only remedy is to stop using the site, because we cannot offer individualised terms to thousands of readers across South Africa.