Vaultoro direct offers you a price, in return the order is executed immediately. In this case you are always trading directly with Vaultoro as a company.
The price you see on your portfolio page for precious metals is the World Spot Price. When you trade, you receive the current bid or ask price depending on whether you’re buying or selling. There is always a difference between the spot price and the bid/ask prices, it's how order books on exchanges work.
Our spread is typically on top of the bid-ask prices at our supplier. There are several factors that affect the spread:
- Trading outside market hours can increase the spread because of volatility.
- With low-liquidity assets spreads can be significantly higher.
- Coordinated market activities, like the recent Wall Street Bets, distort markets. All the spreads can be expected to widen due to significant market stress.
Please check the rate before accepting the price. Only confirm your transaction if you’re happy with the rate.