Trading Gold Made Simple with EC Markets India

Getting Started with Gold Trading on Our Platform

Gold trading offers Indian investors a straightforward entry into precious metals markets. At EC Markets, we provide access to spot gold and gold futures via industry-standard platforms MetaTrader 4 and MetaTrader 5. To begin, you need to create an account by submitting valid Indian identification documents including PAN and Aadhaar cards. Deposits start at ₹5,000 with INR supported directly. Our system delivers live gold pricing updated every second, available in USD/oz and INR per 10 grams.

The platform operates from Monday 6:00 AM IST to Saturday 5:30 AM IST, ensuring near-continuous market access. Choose from three account types tailored to your trading preferences and volume.

Account Registration Process

Access our official EC Markets website and press the “Start Trading” button. Input your email and create a secure password with upper case letters, numbers, and symbols. Select India as your residence and submit the form. Check your inbox for an email with a verification code, enter it promptly to activate your trading account.

Document Verification Requirements

Upload clear images of your PAN and Aadhaar cards. For address proof, submit recent utility bills or bank statements dated within 90 days. Our compliance team reviews documents within 24-48 hours. You will receive email updates on your verification status. Full access is granted once verification is complete.

Platform Setup and Installation

After verifying your account, download MetaTrader 4 or 5 from our client portal. Both platforms run on Windows, Mac, iOS, and Android. The desktop installers are about 50MB. MetaTrader 5 offers enhanced tools such as 21 timeframes, automatic trading via Expert Advisors, and an integrated economic calendar ideal for gold trading.

Ensure your system meets requirements: Windows 10 or higher, minimum 2GB RAM, and stable internet. Mobile apps require iOS 12+ or Android 8+ with at least 100MB free space.

Platform Login Credentials

Login details are sent by email post-verification, including an 8-digit ID starting with your account prefix and server info (“ECMarkets-Live” for live accounts). Change your password through the client portal and enable two-factor authentication to secure your login.

Interface Customization Options

Customize charts with 15 built-in templates and various window layouts such as tiled or cascaded. Save your workspace for future sessions. Set price alerts via the Navigator panel and receive notifications by sound, email, or mobile push. Advanced users can program custom indicators in MQL4 or MQL5.

Funding Your Trading Account

EC Markets supports multiple deposit methods for Indian clients. Bank transfers via NEFT, RTGS, or IMPS connect to major banks like SBI, HDFC, and ICICI. Card payments through Visa and Mastercard process instantly. UPI payments are accepted via PhonePe, Google Pay, and Paytm. Digital wallets such as Paytm Wallet and Mobikwik are also available.

Minimum deposits vary by method, ranging from ₹1,000 via UPI to ₹5,000 by bank transfer. Transactions over ₹10,000 are free of deposit fees. Smaller amounts incur a ₹50 fee.

Bank Transfer Instructions

Log into your client portal and select “Deposit Funds.” Choose bank transfer and specify the amount. A unique reference number will appear for your transaction. Transfer funds to the designated ICICI Bank account using this reference for automatic processing. Expect credit within 2-4 hours during business days.

Digital Payment Options

Use your preferred UPI app to scan the QR code on the deposit page. Enter the deposit amount and confirm with your UPI PIN. For wallet payments, select your provider, log in securely, and authorize the payment. Wallet deposits show immediately in your account.

Understanding Gold Trading Instruments

We provide three main gold trading instruments to suit Indian traders. XAUUSD offers spot gold prices against the US Dollar. XAUINR quotes gold directly in Indian Rupees. Gold futures contracts allow trading based on future delivery schedules with specific expiry dates.

Spot gold trades without expiration, letting you hold positions indefinitely. Contract sizes start from 0.01 lots (1 ounce) up to 100 lots per trade. Leverage varies by instrument and account type.

Spread and Commission Structure

Standard accounts provide fixed spreads starting at 0.35 pips on XAUUSD. ECN accounts offer variable spreads from 0.15 pips plus commissions. Premium accounts have the narrowest spreads of 0.10 pips with lower commissions per lot. Commissions apply per round-turn trade, with standard accounts including costs in the spread.

Market Hours and Sessions

Gold markets operate continuously from Monday morning to early Saturday IST. The Asian session begins at 6:00 AM IST with moderate activity. The European session opens at 1:30 PM IST, increasing volatility. The US session starts at 6:30 PM IST, typically the most liquid and volatile. Markets close from Friday 5:30 AM IST until Monday 6:00 AM IST. Major holidays may alter these hours.

Executing Your First Gold Trade

Launch MetaTrader and open the Market Watch window. If gold instruments are not visible, right-click and select “Show All” or manually add XAUUSD and XAUINR. Double-click the desired instrument to open the order ticket.

Choose Buy or Sell based on market direction. Specify lot size starting from 0.01. Set stop-loss and take-profit values to manage risk and secure profits. Confirm the order to execute the trade immediately or place pending orders for later activation.

The step-by-step trade workflow includes market analysis, entry timing, position sizing, and order placement. Monitor trade progress and adjust stop-loss or take-profit levels as needed.

Order Types Available

Market orders fill instantly at current prices. Limit orders open positions at specified better prices. Stop orders trigger trades when prices move beyond set levels. Pending orders include Buy Stop, Sell Stop, Buy Limit, and Sell Limit. Trailing stops dynamically adjust stop-loss as the market moves favorably. One-cancels-other (OCO) orders link multiple orders to manage risk.

Risk Management Tools

Use our position sizing calculator to align trade volume with your risk limits. Risk-reward ratio tools help set realistic profit targets. Maximum drawdown controls restrict losses per session. Stop-loss orders close trades at predefined loss levels. Take-profit orders secure gains automatically. Margin call protection prevents excessive leverage use.

Advanced Trading Strategies

Technical analysis is essential for effective gold trading. Our platform offers moving averages to track trends and momentum. RSI indicators detect overbought and oversold conditions. Support and resistance levels guide entry and exit points. Fibonacci retracements identify likely reversal zones. Bollinger Bands measure market volatility.

Automated trading through Expert Advisors (EAs) is available for hands-free execution of strategies. Common EAs include grid trading, scalping, and trend-following bots configured via MQL4/5 scripts.

Fundamental Analysis Factors

Gold prices in India respond to economic and geopolitical events. The US Dollar’s strength inversely affects gold valuation. Interest rate decisions by the Federal Reserve and RBI influence demand. Inflation rates impact gold’s value as an inflation hedge. Central bank purchases and geopolitical tensions drive safe-haven demand.

Technical Indicator Applications

RSI above 70 signals overbought conditions; below 30 indicates oversold. MACD crossovers suggest trend reversals. Stochastic oscillators measure momentum shifts. Volume indicators confirm price moves and trend strength, assisting in validating trade setups.

Mobile Trading Capabilities

EC Markets mobile apps for iOS and Android bring full trading functionality on the go. Download from the Apple App Store or Google Play Store. The app requires approximately 150MB of free space and supports offline chart viewing. Access live quotes, execute orders with one click, and receive push notifications.

Mobile charts include over 30 technical indicators and drawing tools. Account management features allow deposits, withdrawals, and viewing of trading statements.

Mobile App Installation

Search “EC Markets” in your device’s app store. Ensure the developer is EC Markets before downloading. Install the app and permit notifications and data access. Login with your trading credentials and activate biometric authentication for secure access. Settings sync automatically with desktop versions.

Mobile Trading Interface

The app features bottom tab navigation for Quotes, Charts, Trading, and Account sections. Swipe gestures allow quick switching of timeframes and instruments. Watchlists can be customized with your preferred gold pairs. Set price alerts to receive notifications on key levels and trade events.

Withdrawal Process and Procedures

Withdraw funds securely via the client portal. Minimum withdrawal is ₹2,500. Processing times depend on the method selected: bank transfers require 2-5 business days, UPI payments within 24 hours, and digital wallets 2-4 hours. We support the same methods used for deposits.

First-time withdrawals may require additional identity verification. We comply with Indian regulations and anti-money laundering requirements. Withdrawal limits vary by account type with premium accounts offering higher monthly ceilings.

Processing Times by Method

Bank transfers typically take 2-4 business days. UPI withdrawals complete within one day during banking hours. Credit card refunds may require up to 7 days depending on bank policies. Digital wallets offer the fastest processing, usually within hours.

Withdrawal Fees and Limits

No fees apply on withdrawals exceeding ₹25,000. Smaller amounts incur a ₹100 processing charge. Monthly limits are ₹10,00,000 for standard accounts, ₹25,00,000 for ECN accounts, and up to ₹50,00,000 for premium verified accounts. Requests beyond limits require additional documentation.