Terms of Use

No advice, no offer

Everything on Practice Ounce is educational material for readers in the UAE. Nothing on this site is investment advice, a personal recommendation, or an offer to buy or sell any financial instrument.

We describe how gold trading works, but we do not tell you to trade. Any decision to open an account or place a trade is yours alone, and you should consider whether you understand how CFDs work.

Risk of loss

CFDs on gold carry a high risk of losing money rapidly because of leverage. Most retail investor accounts lose money when trading CFDs. You should never trade with money you cannot afford to lose.

The maximum leverage available in the UAE is up to 1:500 on standard forex accounts, within DFSA/SCA-compliant limits. That is a cap, not a target. At that leverage, a 0.10-lot gold position needs about $85.50 margin, but a small price move can wipe out that margin.

Verify figures and understand affiliate links

All figures on this site are dated and must be verified with the broker before you trade. Brokers can change spreads, commissions, and leverage without notice, and the broker's own documents are the only binding terms.

Some links on this site are affiliate links. If you click one and open an account, we may receive a commission, but your relationship is directly with the broker. We are not responsible for the broker's actions or for any losses you incur.

Practice Ounce is an information site, not your trading adviser

Practice Ounce is an independent information website about trading gold (XAU/USD), written for readers in the UAE. It is not a broker, a financial adviser, or a signal service. Nothing on this site is personalised to your financial situation, goals, or experience. You make all trading decisions yourself, and you carry the outcome. The site explains how gold trading works, what costs are involved, and what risks exist, but it never tells you what to trade or when to trade it.

The content is educational in nature. It describes common mechanics such as contract sizes, pips, margin, and leverage. It may refer to a broker, such as FxPro, but that is not a recommendation. A broker that suits one trader may not suit another. Before you open an account, you should check the broker's own terms, its regulatory status, and whether its services are appropriate for your objectives. If you are unsure, seek independent professional advice.

Practice Ounce is not responsible for any loss you incur while trading gold or any other instrument. Trading carries a high risk of losing money. The fact that a topic is explained on this site does not mean the activity is safe or suitable for you. Always verify current prices, margin requirements, and contract details with your broker before placing a trade. Information here may become outdated, and markets move quickly.

How this site earns money: the affiliate relationship in full

Practice Ounce may receive a commission when you open an account or trade with a broker after clicking a link on this site. This is an affiliate relationship. It does not change the price you pay. The broker pays the commission out of its own revenue, not by adding a fee to your trades. For example, if you click through to FxPro and open an account, Practice Ounce may receive a payment from FxPro. This is a common way for information sites to fund their work.

Affiliate income can create a conflict of interest. We may earn more if you choose one broker over another. To manage this, we aim to describe brokers accurately and to focus on facts such as regulation, platforms, and funding methods. We do not invent spreads, commissions, or bonuses. We do not promise profits. You should compare brokers yourself and read the broker's legal documents. Do not rely on this site alone when deciding where to place your money.

The affiliate relationship is disclosed here so you can judge the content fairly. If you use our links, you support the site at no extra cost to you. If you prefer not to use our links, you can visit the broker's website directly. The choice is always yours. Practice Ounce does not receive any information about your trading results or your personal data from the broker unless you give the broker permission to share it with us.

Our liability to you is limited, and we say so in plain words

Practice Ounce is not liable for any loss or damage that arises from using this website or from acting on its content. This includes direct losses, such as losing money on a trade, and indirect losses, such as lost profits or lost opportunity. Trading gold involves significant risk, and any decision you make is your own. We do not guarantee that the information is accurate, complete, or current at all times. You are responsible for checking details with your broker before trading.

We are not liable for the actions or omissions of any broker we mention. If a broker changes its spreads, its margin requirements, or its withdrawal rules, that is outside our control. We are not a party to any contract between you and a broker. If you have a dispute with a broker, you must resolve it directly with that broker. Practice Ounce is not a financial ombudsman or a regulator. We cannot recover your funds or intervene on your behalf.

The website may contain links to other websites. We are not responsible for the content or practices of those sites. When you leave Practice Ounce, you are subject to the terms and privacy policy of the site you visit. We do not endorse every statement on third-party sites. If a linked site asks for your personal or financial information, you should satisfy yourself that it is legitimate before providing anything. Practice Ounce accepts no liability for your use of external links.

The law that applies to your use of this site

These terms and your use of Practice Ounce are governed by the laws of the United Arab Emirates as they apply to the mainland, without regard to conflict of law principles. If any dispute arises between you and Practice Ounce, the courts of the UAE will have jurisdiction, subject to any mandatory consumer protection rules that apply where you live. This means that you may be able to bring a claim in your local courts if the law requires it, but the starting point is UAE law.

The site is intended for readers in the UAE. It is written in English for a UAE audience, and it references local funding methods such as UAE bank transfer and cards. However, the information does not take into account the laws of any other country. If you access the site from outside the UAE, you are responsible for complying with local laws. Practice Ounce does not represent that its content is appropriate or available in every jurisdiction.

Regulatory statements about brokers are for information only. For example, FxPro is licensed by the FCA (UK), CySEC and FSCA. That does not mean the same level of protection applies to you as a UAE resident. You should check which entity serves you and what rules apply to your account. Practice Ounce does not provide legal advice on jurisdiction. If you have questions about your legal position, consult a lawyer qualified in the relevant jurisdiction.

How we publish changes to these terms

Practice Ounce may update these terms at any time. Changes take effect when the new version is posted on this page. We do not send individual email notices for every update. The date of the latest revision is shown at the top of the terms page. You should check this page regularly, especially before making any trading decision based on the site's content. Continuing to use the site after changes are posted means you accept the revised terms.

If a change is material, we may place a notice on the homepage or on the terms page for a limited period. Material changes could include a new affiliate relationship, a change in the site's ownership, or a change in how we describe risk. However, we are under no obligation to highlight every small edit. The published terms are always the current version. If you do not agree with a change, you should stop using the site.

We do not change terms retroactively. Your rights and obligations are determined by the version of the terms that was in effect at the time you used the site. If a dispute arises, we will refer to the version that was posted at the relevant time. We keep an archive of past versions for a reasonable period. If you need a copy of an older version, you may contact us, but we are not required to provide it unless the law says so.

Information service, not financial advice

Practice Ounce is an educational information site about trading gold (XAU/USD) for readers in the UAE, not a financial adviser or broker. It publishes facts, explanations, and worked examples, but no personalised recommendations. Nothing on this site tells you what to buy, sell, or hold; any trading decision you make is yours alone. The content is general and may not match your personal financial situation, goals, or risk tolerance. Because markets move fast and conditions vary, always verify current prices, costs, and rules with your broker before acting. Treat this site as a starting point for your own research, not a substitute for professional advice tailored to you.

This site does not provide investment, legal, tax, or accounting advice, even when it explains concepts like leverage, margin, or pip values for gold (XAU/USD). A clear explanation of how a 0.10-lot position works at 1:500 leverage does not mean that leverage is right for you, and it is not a suggestion to trade that size. The maximum leverage available in the UAE is up to 1:500 on standard forex accounts, within DFSA/SCA-compliant limits, but that is a cap, not a target. If you need advice for your specific situation, consult a licensed professional who understands UAE regulations. Practice Ounce is not responsible for decisions made after reading its content.

Practice Ounce is not affiliated with FxPro beyond the affiliate relationship described elsewhere in these terms, and it does not speak for FxPro or any regulator. When the site mentions that FxPro is licensed by the FCA (UK), CySEC and FSCA, that is a factual statement about the broker, not a guarantee or endorsement. The entity that serves the UAE is FxPro Global Markets MENA Ltd, but Practice Ounce does not handle your funds, execute trades, or provide customer support for any broker. Any issues with a live account, deposit, or withdrawal must be raised with the broker directly. This site only provides information; it is not part of the trading chain.

Affiliate relationship and how this site earns

Practice Ounce earns money through affiliate links when readers open an account with FxPro after clicking from this site. This means if you follow a link to FxPro and become a customer, Practice Ounce may receive compensation from FxPro. That compensation does not change the price you pay or the trading costs you incur; it comes from FxPro's marketing budget, not from your account. The site does not receive any fee from your deposits, trades, or withdrawals. Affiliate payments vary depending on FxPro's programme terms, and Practice Ounce does not know in advance how much it will earn from any individual reader. The affiliate relationship is disclosed here in full so you can assess any potential bias.

Because Practice Ounce earns from FxPro referrals, you should read its content with that context. The site aims to be accurate and clear, but the affiliate relationship means it has a financial incentive for you to sign up with FxPro. It does not cover other brokers in the same depth, and it does not present a neutral comparison of all options in the UAE. That does not make the information false, but it does mean the site is not an independent review platform. Always compare brokers yourself, check the latest FxPro terms, and consider whether FxPro suits your needs. The affiliate link does not create any obligation on you, and clicking it does not affect your rights as a consumer.

The affiliate relationship applies to all FxPro links on Practice Ounce, including any link in this terms page or in articles about gold (XAU/USD). Practice Ounce is not paid by FxPro for content, only for referrals through tracked links; no one at FxPro reviews or approves articles before publication. The site's editorial team writes independently, but the commercial incentive remains. If you prefer not to use an affiliate link, you can visit FxPro's website directly, and the broker will treat you the same way. Practice Ounce does not collect personal data through affiliate links beyond standard tracking that confirms a referral. For details on data, see the privacy policy.

Liability limits in plain words

Practice Ounce limits its liability to you to the maximum extent allowed by law, and it states this in plain words so there are no surprises. If you rely on information from this site and lose money trading gold (XAU/USD), Practice Ounce is not liable for those losses. Trading is high-risk, and the site warns about that repeatedly, but it cannot control market movements, broker execution, or your decisions. The site is provided "as is" and "as available", without warranties of accuracy, completeness, or fitness for a particular purpose. Figures like the reference price of approximately 4275.0 or the margin example of about $85.50 for a 0.10-lot at 1:500 can change, so you must verify with FxPro before trading.

Practice Ounce is not liable for any indirect, incidental, special, or consequential damages arising from your use of the site, even if it was advised of the possibility. That includes lost profits, lost trading capital, or missed opportunities related to gold (XAU/USD) or any other instrument. The site also does not guarantee that it will be available without interruption, free of errors, or secure from technical issues. If a page is temporarily down or a price is outdated, that does not create a claim against Practice Ounce. Your only remedy for dissatisfaction with the site is to stop using it. This limitation is common for information websites and is intended to keep the service free and uncomplicated for readers in the UAE.

Nothing in these terms excludes or limits liability that cannot be excluded or limited under UAE law or the law that applies to this site. For example, liability for fraud, death, or personal injury caused by negligence cannot be excluded in most legal systems. Practice Ounce also does not limit your statutory rights as a consumer where those rights apply. If any part of this limitation is found unenforceable, the rest of the terms remain in effect. The site does not owe you a fiduciary duty, and it does not act as your agent or trustee. By using Practice Ounce, you accept that the risk of trading decisions remains with you, not with the site.