Orient Financial Brokers (OFB) conducts brokerage in Foreign Exchange, Commodities and Money Markets in the Middle East. Since its inception, the company has continued to grow through its focus on customer service, efficiency and best practices. In keeping with the changing face of technology, OFB is proud to bring to its customers a state of the art internet trading platform.

Precious Metal:
The precious metal trading is considered as a speculative industry. This involves trading of metals as powder or bars, which are available in different grades of modification. These metal forms are treated differently according to its market value.

Trading of precious metals is similar to stock in the exchange. The traders conduct activities on behalf of their clients for buying/selling precious metals. Online trading is more convenient and easy, and have full and mini-sized contracts based on the quantity of precious metals.

OFB Services:
OFB clients and traders, who wish to perform spot trading with gold or silver rates, will regard the gold (XAU) and silver (XAG) just as they treat any other foreign currency, however – the trade is done only against the US dollar. This facility provides hedging opportunities, to maximize exposure to minimum risk. As a precious metals trader can hedge physical stocks at only 1% margin of the total cost if purchased physically.

The trading with gold and silver rates is performed as it is done with foreign currencies, by the Over The Counter (OTC) method. More clearly, the trading is performed directly between the two involved parties, and not via a third party which consolidates the trade (such as an exchange market).Trading with gold or silver rates, as with foreign currency rates, is non-delivery trading, which does not require the “physical” purchase or sale of the “commodity”.