Terms of use

Educational material only

Everything on this site is educational material. It is not advice, not a recommendation and not an offer to buy or sell any instrument. No page is tailored to your circumstances, and no page should be read as telling you what to do with your own money.

The desk is not a broker, a bank or a licensed financial adviser, and it does not hold client funds. Any decision to open an account or place a trade is yours, taken with the broker directly and on the broker's own documents rather than on a summary written here.

Dated figures and affiliate links

Figures on this site are dated and must be verified with the broker before you rely on them. Costs, leverage caps and funding routes change, and the broker's own documents are the authoritative version. Where a number is not given, the page explains what the cost consists of and what it depends on instead.

Some links are affiliate links, which means the desk may earn a referral fee if you open an account. That fee does not change what you pay, and your relationship is with the broker, not with this desk. 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.

The Affiliate Relationship Behind eGoli Bars, Stated in Full

eGoli Bars earns money through affiliate relationships with brokers, including FxPro. If you click a link to a broker and open an account, the site may receive a commission or referral fee from that broker. This does not change the price you pay to the broker for trading, and it does not give you a worse deal. The fee is paid by the broker out of its own revenue as a cost of acquiring clients.

The affiliate arrangement does not influence the factual content of this site. We do not publish invented spreads, bonuses or minimum deposits, and we do not rank brokers by how much they pay. Where a cost is mentioned, it is described in terms of what it consists of and what it depends on, because the exact numbers are set by the broker and can vary by account type and instrument. You should always confirm current costs directly with the broker.

Being an affiliate means there is a commercial incentive for the site to exist, but it does not make the content personal advice. You are free to open an account with any broker, including one with no affiliate link here. If you choose FxPro, note that the entity serving South Africa is FxPro Markets Direct Costa Rica Latam SRL, and you should check which entity your own account is opened with before you rely on any regulatory protection.

What eGoli Bars Provides: Information and Tools, Not Personal Financial Advice

eGoli Bars publishes general information about trading gold (XAU/USD) and the mechanics of the market. It does not provide personal financial advice, and nothing on this site is a recommendation that you buy, sell or hold any instrument. The content explains how things work, such as how a 1 lot = 100 oz position is sized or how a pip at 0.01 is calculated, so you can make your own decisions. If you need advice tailored to your circumstances, speak to a licensed financial adviser.

The site is not a broker, dealer or intermediary, and it does not execute orders, hold client money or open trading accounts. Any account you open is with a third-party broker, and that broker's terms, costs and execution rules apply to you directly. eGoli Bars has no access to your funds and cannot place, modify or close trades on your behalf. Funding in South Africa is handled by the broker through local cards and bank transfers in ZAR, or e-wallets, not by this site.

Everything here is educational material written for readers in South Africa, and it should be treated as a starting point for your own research. Market conditions change, and figures such as a reference price near 4275.0 are illustrative rather than live. You remain responsible for verifying any detail with your broker before you trade. The value of gold positions can fall as well as rise, and leverage up to 1:200 for retail clients increases both potential gains and potential losses.

How Changes to These Terms Are Published

Changes to these terms are published on this page, and the current version is the one that applies from the date it appears here. eGoli Bars may update the terms to reflect changes in the affiliate relationship, the brokers covered, the instruments discussed or the law. When a change is made, the revised terms replace the previous version on the same page, so there is a single authoritative text rather than scattered notices.

The site does not promise advance notice of every change, so you should check this page when you return to use the material. Material changes, such as a new affiliate relationship or a change in the governing law section, will be reflected in the text itself. Because the content is educational and no account is created with eGoli Bars, there is no separate email list tied to these terms and no account dashboard to notify.

Continued use of the site after a change is published means you accept the updated terms. If you do not agree with a change, you should stop using the site. This is the same standard used by most informational publishers, and it keeps the process simple. The terms page is the definitive record, and older versions are not maintained separately.

The Law That Applies to These Terms

These terms are governed by the laws of South Africa. If a dispute arises about the use of this site, the South African courts have jurisdiction, and the terms are interpreted under South African law. This applies to the informational content and the affiliate disclosure, not to your trading account, which is governed by the broker's own agreement and the law of the jurisdiction where that entity is established. For FxPro, the South African-facing entity is FxPro Markets Direct Costa Rica Latam SRL.

Regulation of trading is separate from the law governing this website. FxPro is licensed by the FCA (UK) and CySEC, and an FxPro entity holds an FSCA licence in South Africa. You should check which entity your own account is opened with, because the regulator and the protections that apply depend on that entity. eGoli Bars is not regulated by the FSCA as a financial services provider and does not offer intermediary services.

If any part of these terms is found to be unenforceable under South African law, the remaining parts continue to apply. The terms do not limit any rights you have under consumer protection legislation that cannot be excluded by agreement. Where the law gives you a right that conflicts with a limit described here, the law prevails. This keeps the terms practical while respecting mandatory South African protections.

Limits of Liability in Plain Words

eGoli Bars is not liable for trading losses you incur. Any decision to trade gold (XAU/USD) is yours, and the site does not control the market, your broker's execution or your position sizing. If you lose money after reading something here, that loss is yours to bear. The site provides information on an as-is basis, and you use it at your own risk. This is a normal limit for educational publishers and it applies even if the content helped you form the idea for a trade.

The site does not guarantee that any figure, formula or description is free of error or up to date. Reference prices, leverage caps and margin examples, such as the roughly $85.50 margin needed for a 0.10-lot gold position at the available leverage, are illustrative and can change. You should verify all numbers with your broker before acting. eGoli Bars is not responsible for interruptions, delays or inaccuracies in the information, or for any loss caused by relying on it.

Nothing here creates a client, advisory or fiduciary relationship between you and eGoli Bars. The site does not manage money, does not have discretion over any account and does not owe you a duty of care in the way a licensed adviser would. Your relationship for trading is with your broker, and any dispute about orders, funding, withdrawals or platform access is between you and that broker, not with this site.

What You Should Confirm With Your Broker Before Trading Gold

Before you trade gold (XAU/USD), confirm the costs and conditions directly with your broker, because this site does not set them. The costs of a trade typically consist of the spread, any commission and any financing or swap charge for holding a position overnight, and each depends on the account type, the instrument and market conditions. eGoli Bars does not state these as fixed numbers, and you should not rely on any figure here as a current cost.

Confirm the margin and leverage that apply to your own account. Maximum leverage in South Africa is up to 1:200 for retail clients and up to 1:500 for eligible or professional clients depending on the instrument, but that is a cap and not a target. A 0.10-lot gold position at the available leverage needs about $85.50 margin, and the exact requirement depends on your account classification and the broker's current margin rate.

Confirm how funding and withdrawals work in South Africa. Local cards, bank transfers in ZAR and e-wallets are the usual routes, and the broker's processing times and any currency conversion apply. Also confirm which entity your account is opened with, since FxPro is licensed by the FCA (UK) and CySEC, and an FxPro entity holds an FSCA licence in South Africa. The protections you receive depend on that entity, so check it before you deposit.

The risk of loss is real

CFDs on gold carry a high risk of loss, and most retail accounts lose money. Gold (XAU/USD) can move sharply on news, on rand strength or weakness, and on shifts in global rates, and leverage magnifies both directions of that move. A position can lose more than the margin committed to it.

Leverage is a cap, not a target. The maximum available in South Africa is up to 1:200 for retail clients, with up to 1:500 for eligible or professional clients depending on the instrument, and using the full cap leaves very little room for an adverse move. At 1:200, a 0.10-lot gold position needs about $85.50 in margin, which shows how quickly exposure scales.