Terms of Use

Not advice, not an offer

Everything on Rand Bullion is educational material only. It is not financial advice, not a recommendation to trade, and not an offer or solicitation to buy or sell any financial instrument. We do not know your personal circumstances, so we cannot tell you what is right for you.

You should not rely on our content as the sole basis for any trading decision. Always do your own research and consider seeking advice from a licensed financial adviser in South Africa if you are unsure. Trading gold is complex and may not be suitable for everyone.

High risk warning

CFDs on gold, such as XAU/USD, carry a high risk of loss. Leverage can magnify both profits and losses, and you can lose more than your initial deposit. Most retail investor accounts lose money when trading CFDs. You should only trade with money you can afford to lose.

We do not guarantee any result, and past performance is not indicative of future results. The price of gold can move sharply, and gaps can occur, leading to losses that exceed your margin. Before trading, understand how leverage works and consider using risk management tools.

Verify figures with the broker

All figures on this site, such as spreads, margins, and regulatory licences, are dated and were correct at the time we checked. However, brokers change their conditions frequently, so you must verify the current figures with the broker before trading. For example, the margin for a 0.10-lot gold position at 1:500 leverage was about $85.50 when we checked, but it may be different now.

When you click an affiliate link and open an account with a broker, your relationship is with that broker, not with Rand Bullion. We are not responsible for the broker's actions or for any losses you incur. Read the broker's terms and risk disclosure carefully before depositing money.

What Rand Bullion is and is not

Rand Bullion is an information site that explains how gold trading works through FxPro in South Africa, not an advisory or brokerage service. We publish educational material on XAU/USD mechanics, margin, and platform features, but we do not tell you whether to buy or sell and we never manage money or place trades for you. Any decision you make after reading this site is yours alone, and you should verify every figure with FxPro before acting.

The site is not a substitute for the broker's own documentation. FxPro's website, platform terms, and account agreements are the authoritative sources for spreads, swaps, execution, and eligibility, and those details can change without notice. Rand Bullion may simplify or summarise, but we do not guarantee that our wording matches the current legal text. If there is any conflict, the broker's terms prevail.

We are also not a regulator, ombudsman, or complaint handler. If you have a dispute with FxPro, contact the entity that holds your account directly, and remember that the FSCA licence in South Africa belongs to a specific FxPro entity, not to Rand Bullion. This site does not give financial, tax, or legal advice, and nothing here should be read as a promise of profit or protection from loss.

Affiliate relationship with FxPro

Rand Bullion may earn a commission when you open an account with FxPro through a link on this site, and that commission is paid by the broker, not by you. The existence of an affiliate relationship does not change the spreads, swaps, or execution you receive, and it does not make us an employee or agent of FxPro. We are a separate publisher, and FxPro does not review or approve our content before publication.

We state this relationship because it creates an incentive for us to present FxPro favourably, even though we try to be balanced. No payment guarantees a positive mention, and we do not accept payment to hide risks or to invent performance claims. The facts on this page come from the broker's public materials or from our own calculations, and they are labelled as such.

Affiliate income helps keep the site free to read, but it should not affect your own due diligence. Always open an account through FxPro's official channels if you prefer to avoid our link, and compare the broker against alternatives before depositing. If you ever feel that our content is biased by the affiliate relationship, treat that as a reason to double-check every number with the broker directly.

Limits of liability in plain words

Rand Bullion is not liable for any loss you suffer from trading gold through FxPro, including losses caused by errors, omissions, or changes in the information on this site. Trading XAU/USD with leverage up to the caps available in South Africa can wipe out your deposit quickly, and that risk belongs to you, not to us. We do not promise accuracy, completeness, or timeliness for any figure, including the worked margin example.

We are also not liable for losses caused by FxPro's platforms, execution, or account handling. If MT4, MT5, cTrader, or FxPro Edge fails to execute an order, or if a swap is charged differently than you expected, your claim is against the broker, not against Rand Bullion. We have no access to your account and no ability to correct trades, refund money, or influence the broker's decisions.

Nothing on this site limits rights you may have under South African consumer law, but our liability for the content itself is capped at the amount you paid us to read it, which is zero. If you rely on any number here without checking it against FxPro's own platform, you accept that risk. We recommend treating this site as a starting point for research, not a final source of truth.

Governing law for these terms

The law that applies to your use of Rand Bullion is the law of the Republic of South Africa, regardless of where our servers are located or where you access the site from. That means any dispute about these terms, the content, or the site's operation would be heard in a South African court, and you agree to that jurisdiction by continuing to read. It does not mean that South African law governs your trading account with FxPro, because that is a separate contract between you and the broker.

Your account with FxPro is governed by the terms set by the FxPro entity you sign up with. For readers in South Africa, that may be FxPro Markets Direct Costa Rica Latam SRL, which is not the FSCA-licensed entity, or it may be another entity if you are onboarded differently. Check the legal documents in your account dashboard to see which law applies to your trading, as it could be Costa Rican, UK, or Cypriot law.

If any part of these terms is found invalid under South African law, the rest remains in force. We do not choose a foreign law to avoid accountability, but because our readers are primarily in South Africa and that is the most predictable legal environment for a local information site. For questions about which law applies to a specific FxPro account, contact the broker's support team directly.

How we publish changes to these terms

Rand Bullion updates these terms by replacing this page with a new version, and the date of the latest update is shown at the top of the section. We do not send email or push notifications for every change, so you should check this page before relying on it for a trading decision. The old version is not archived publicly, and once replaced it is no longer part of the agreement between you and us.

Changes take effect as soon as the new text is published, not after a grace period. If you continue to use the site after an update, you accept the new terms by your continued reading. If a change materially affects how we describe the affiliate relationship or the limits of liability, we will try to make that clear in the first paragraph of the relevant section, but the legal effect is immediate.

We may also update the factual content of the site without changing these terms, for example if FxPro changes its platform list or the FSCA caveat. Those updates are not term changes and do not require a new version of this page. To stay current, always cross-check the broker's own site, because their terms can change more often than ours and are the ones that govern your account.

Rand Bullion Is an Educational Information Site, Not a Broker or Advisor

Rand Bullion is an independent information website that explains how gold trading works for readers in South Africa; it is not a broker, a financial advisor, or a signal provider. You cannot open an account here, deposit rands, or place a trade. The pages describe how XAU/USD trading operates on platforms like MT4, MT5, cTrader, and FxPro Edge, including what a standard lot of 100 ounces and a pip of 0.01 mean when the reference price is around 4275.0. All content is general education and market context, not a personal recommendation for your situation.

Nothing on this site tells you whether to buy or sell gold, how much to risk, or whether trading suits you. The information explains mechanics, costs structures, and risk factors so you can make your own decisions. If you need advice tailored to your income, goals, or tax position, consult a licensed financial advisor in South Africa. Rand Bullion does not assess your knowledge or experience, and using the site does not create any client, advisory, or fiduciary relationship. You remain solely responsible for every trading decision you make and for verifying any figure with your broker before acting.

The site is an information resource, not a trading venue or an offer of financial services. Rand Bullion does not execute orders, hold client funds, or provide investment management. All trading would take place through a broker such as FxPro, and any account you open is with that broker, not with this website. The content is written for a South African audience and often refers to rand costs, local funding methods like EFT and cards, and the FSCA licence caveat. However, reading these pages is not a substitute for reading the broker's own legal documents, risk disclosure, and product specifications.

How Rand Bullion Earns Money Through Its FxPro Affiliate Relationship

Rand Bullion has an affiliate relationship with FxPro, which means the site may receive compensation when a reader opens an account through a link on these pages. This is a common commercial arrangement in financial publishing and does not change the price you pay, the margin you post, or any spread or commission charged by the broker. The compensation is paid by FxPro out of its own revenue, not added as a fee to your trading account. The existence of this relationship does not make Rand Bullion an employee, agent, or partner of FxPro, and the site does not speak for the broker.

The affiliate relationship is disclosed so that you can weigh any potential bias when reading the content. Rand Bullion aims to present accurate, sober information about gold trading, but the fact that the site may earn money if you choose FxPro is a conflict of interest you should know about. This does not mean the information is false or that FxPro is the only suitable broker for South African traders; it simply means the site has a financial incentive to encourage account opening through its links. You are never obligated to use those links, and you can open an account directly with FxPro or with another broker if you prefer.

Rand Bullion is not responsible for the services FxPro provides once you leave this site. The broker's own terms, risk disclosures, and regulatory status apply to your account, and any dispute about execution, withdrawals, or platform access is between you and FxPro. The affiliate relationship does not create any warranty from Rand Bullion about the broker's performance or suitability. Before opening an account, check which FxPro entity will serve you: for South Africa, the relevant entity may be FxPro Markets Direct Costa Rica Latam SRL, while FxPro itself holds FCA and CySEC licences and an FSCA licence through an entity, so confirm the exact regulatory cover on your account.

Plain-Language Limits on Rand Bullion's Liability for Your Trading Outcomes

Rand Bullion is not liable for any loss you incur from trading gold or from relying on the information on this site. The content is provided for general education, and while the site aims for accuracy, it does not guarantee that every figure, example, or explanation is current or error-free. Trading XAU/USD is high risk, and losses can exceed your initial deposit, especially when using leverage up to 1:200 for retail clients or up to 1:500 for eligible professional clients. You are responsible for verifying all details with your broker and for managing your own risk.

To the maximum extent permitted by law, Rand Bullion excludes liability for direct, indirect, incidental, or consequential damages arising from your use of the site or from any action you take based on its content. This includes, but is not limited to, trading losses, lost profits, data loss, or interruption of service. The site does not provide personalised advice, and no statement on these pages should be read as a promise of profit or a guarantee of performance. Past market behaviour, such as the reference price of gold near 4275.0, is not an indication of future results, and leverage amplifies both gains and losses.

Nothing in these terms limits liability that cannot be excluded under South African law, such as liability for fraud or gross negligence. However, because Rand Bullion is an information site and not a financial services provider, the scope of any duty owed to you is limited to providing content in good faith. If you are unsure about a trading concept, a cost structure, or a regulatory point, you should consult the broker's official documents or a qualified professional. Rand Bullion does not accept responsibility for the accuracy of third-party content linked from the site, including FxPro's own pages.

South African Law Governs These Terms and Any Dispute

These terms and your use of Rand Bullion are governed by the laws of the Republic of South Africa. That means any legal question about the meaning, validity, or enforcement of these terms will be decided according to South African statutes and case law, not the law of any other country. South African courts have jurisdiction over any dispute arising from the site, and you agree to submit to the non-exclusive jurisdiction of those courts. This applies even if you access the site from outside South Africa or if the broker you use operates under a different legal system.

The choice of South African law is separate from the regulatory status of any broker mentioned on the site. For example, FxPro is licensed by the FCA in the UK and CySEC in Cyprus, and an FxPro entity holds an FSCA licence in South Africa, but the entity that serves you may be FxPro Markets Direct Costa Rica Latam SRL. That broker's own client agreement will have its own governing law and dispute resolution clauses, which apply to your trading account, not to your use of this website. Rand Bullion's terms do not override or modify the broker's terms in any way.

If any provision of these terms is found to be invalid or unenforceable by a South African court, the remaining provisions continue in full force. The invalid provision will be interpreted as narrowly as possible to reflect the original intent while complying with the law. This severability clause ensures that one problematic sentence does not invalidate the entire set of terms. Rand Bullion may also enforce these terms against you even if it delays in doing so, and a failure to enforce a right on one occasion does not waive that right for the future.

How Rand Bullion Publishes Changes to These Terms

Rand Bullion may update these terms at any time, and the current version will always be posted on this page with the date of last revision at the top. Changes take effect as soon as they are published, unless a different effective date is stated in the update. It is your responsibility to check this page periodically for changes. If you continue to use the site after a change is posted, that continued use will be treated as acceptance of the revised terms. Material changes that affect your rights or obligations will be highlighted at the top of the page for at least 30 days.

Because the site does not require registration or collect contact details, Rand Bullion cannot email or otherwise notify you individually of changes to these terms. The only method of notice is publication on this page. Therefore, you should review the terms before each significant use of the site, especially before acting on any trading information. The date of last revision will always be visible, and a short summary of the most recent change may be provided. If you do not agree with a change, you must stop using the site immediately; there is no opt-out mechanism that allows continued use under old terms.

Changes to these terms will not alter the fundamental nature of the site as an information resource, nor will they change the high-risk nature of gold trading. Rand Bullion may update the terms to reflect new regulatory requirements, changes in the affiliate relationship, or improvements in how the site operates. However, any change that would affect your liability or the governing law will be made only after careful consideration and will be clearly flagged. The broker's own terms are separate and may change independently, so you should also review FxPro's client agreement and risk disclosure regularly.