Terms of Use

Educational material, not advice

The pages here are educational material only. They are not investment advice, not a recommendation to buy or sell gold, and not an offer or solicitation to open an account. Nothing on the site is tailored to your circumstances, and no page should be read as a personal recommendation.

Decisions about leverage, position size and funding are yours, and they should be made with the broker's own documents in front of you. The desk explains how the arithmetic works; it does not tell you what to do with it.

Risk of loss with gold CFDs

CFDs on gold carry a high risk of loss and most retail accounts lose money. Leverage magnifies both directions, so a move against a position can lose more than the margin set aside for it. The applicable cap for the entity serving the Philippines is a ceiling, not a setting to aim at.

Trade only with money you can afford to lose, and treat every worked example, including the 0.10-lot figure needing about $85.50 margin, as arithmetic rather than a plan. Past price behaviour in XAU/USD does not indicate future behaviour, and one pip is 0.01 on a 100 oz standard lot.

Dated figures and affiliate links

Figures on the site are dated and must be verified with the broker before you rely on them. Leverage caps, funding rules and costs change, and a number read on one date may not hold on another. Where the desk could not obtain a number, the page describes what the cost depends on instead.

Some links are affiliate links, which means the desk may earn a referral fee if you open an account through them, at no extra cost to you. Your relationship is with the broker, not with this desk, and the regulator position is the broker's own: FxPro is licensed by the FCA (UK) and CySEC - not by the SEC of the Philippines.

What Davao Demo Is and What It Is Not

Davao Demo is an information site about trading gold (XAU/USD) through a broker, and it is not a broker, a fund manager, or a source of personal advice. Everything published here — instrument mechanics, margin arithmetic, platform notes — is general educational content written for readers in the Philippines. It does not know your income, your obligations, your existing positions, or how much you can afford to lose, so it cannot tell you what to buy, sell, or hold.

Nothing on this site is a recommendation to open, fund, or close any position, and nothing here is a solicitation to trade. A worked example such as a 0.10-lot gold position needing about $85.50 in margin at the applicable leverage cap is arithmetic, not a suggestion that the position suits you. If you want advice about your own money, speak to a licensed professional who can see your full financial picture; this site cannot see it and will not pretend to.

Davao Demo is also not affiliated with the exchange you may already use for Philippine shares. PSE-listed equities and over-the-counter gold CFDs are different products on different venues, settled in different ways. References to local rails such as GCash or bank transfer describe how retail traders commonly fund an offshore brokerage account, not a facility offered by this site. We publish no account-opening service, hold no client money, and never take custody of your funds.

Because the content is general, it can be wrong for your circumstances even when the mechanics it describes are accurate. Prices move, platform menus change, and a figure that was correct on the day it was written may drift. Treat every page as a starting point for your own verification against the broker's own documentation and the live platform, not as a final authority. If a statement here conflicts with the broker's contract or the regulator's rules, those documents govern and this site does not.

The Affiliate Relationship, Stated in Full

Some links on Davao Demo are affiliate links, which means the site may receive a payment from the broker if a reader clicks through and opens an account. That is the entire commercial arrangement: a referral payment, disclosed here so you can weigh it. The payment does not come out of your deposits and does not change the price you pay on the platform, but it does mean the site has a financial interest in you choosing one broker over another, and you should read everything here with that in mind.

The affiliate relationship does not buy coverage, wording, or conclusions. No broker reviews drafts of these pages, and no broker approves them before publication. Where this site describes costs, it describes what a cost consists of and what it depends on rather than attaching a number it was not given. Where it describes leverage, it repeats the cap that applies to the entity serving the Philippines and treats that cap as a ceiling, not a target to reach for.

Being paid on referral is not the same as being paid to praise. The editorial angle here is a plain toolkit — mechanics, margin arithmetic, platform differences, funding through GCash or bank transfer — and the affiliate disclosure exists precisely so that a favourable sentence about a platform is read in context. You are free to reach the broker without using any link on this site; the content is the same either way, and your account terms will be the same either way.

You should assume any outbound link to a broker from this site may be monetised, and treat it as advertising rather than as a neutral citation. The regulator position does not change because of a link: FxPro is licensed by the FCA (UK) and CySEC, not by the SEC of the Philippines, so the protections you get depend on the entity that serves this country, not on anything written here. Verify the entity named on your own client agreement before you fund anything.

Limits of Liability in Plain Words

Davao Demo provides its content as it is, and it does not accept liability for trading losses, missed opportunities, or decisions taken after reading a page. Gold CFDs are leveraged products, a 1 standard lot position is 100 oz, and a one-pip move is 0.01 — small errors in sizing or in reading the platform can cost real money quickly. Those outcomes belong to the person who placed the order, not to a site that explained the arithmetic behind it.

The site does not guarantee that any figure, formula, or description is current or complete on the day you read it. Margin requirements, platform interfaces, and the entity serving the Philippines can all change, and a worked example such as roughly $85.50 of margin on a 0.10-lot position illustrates a method rather than promising a number you will see on your own screen. Confirm requirements inside the live platform before you rely on them, because that is the only figure that binds your account.

The site is not responsible for what a broker, a payment provider, or a bank does with your money. If a GCash transfer or a bank transfer is delayed, reversed, or held for verification, that is a matter between you and that provider. If a platform freezes, fills an order at an unexpected price, or applies a margin close-out, that is governed by your client agreement with the broker. This site has no access to your account, cannot intervene in a dispute, and cannot recover funds.

Nothing here limits liability that cannot lawfully be limited, and nothing here should be read as an attempt to exclude responsibility for deliberate wrongdoing. Where a limit is unenforceable under the law that applies, that limit falls away and the rest of these terms continue to stand. Read the limits as a description of where this site's role ends: it explains mechanics and publishes disclosure, and it stops there.

The Law That Applies to These Terms

These terms are governed by the law of the Philippines, and any dispute about the content of this site is dealt with under that law. That is a statement about the site itself, not about your trading account. Your account is governed by the client agreement you sign with the broker and by the rules of the entity that serves the Philippines, which is a separate legal relationship with its own governing law and its own dispute route.

The regulatory position is worth stating exactly, because it is often blurred. FxPro is licensed by the FCA (UK) and CySEC — not by the SEC of the Philippines. That means the Philippine securities regulator has not licensed this broker for local retail onboarding, and the protections that come with a Philippine licence are not what you are relying on. What you rely on is the licence of the entity that accepts you as a client, and that entity is named in your own documentation, not on this page.

Where a page here touches on leverage, it refers to the cap that applies to the entity serving this country. That cap is a ceiling, not a setting to aim at, and it is set by the rules that bind that entity rather than by this site. Nothing on Davao Demo can raise, lower, or reinterpret that cap, and no statement here should be read as advice on how much leverage to use within it.

If you are comparing this with investing through the PSE, note that the two are not governed alike. A locally licensed broker-dealer and an offshore CFD entity answer to different regulators, hold client money under different rules, and give you different recourse if something goes wrong. Keep the two separate in your own mind, and read the governing-law clause in your broker's agreement before you fund, because that clause decides where a dispute would be heard.

How Changes to These Terms Are Published

Changes to these terms are published on this page, as a revised version of the page itself, and the revised text takes effect when it goes live. There is no separate mailing list you must join to be bound. If you want to know what the current terms are, this page is the current terms; an older copy you saved, bookmarked, or read through a search snippet is superseded once the update is published here.

Each update replaces the affected section rather than appending a pile of amendments, so the page you read is the whole of the terms and not a history you have to reconstruct. Where a change touches the affiliate disclosure, the liability limits, or the governing law, the replacement text is written to stand on its own, the same as the surrounding sections. That keeps the page usable as a single reference instead of a layered document where the newest clause quietly contradicts an older one.

No advance notice period is promised, and no specific review cycle is promised either. Updates are made when the underlying facts change — for example when a broker alters the entity serving the Philippines, when a platform list changes, or when a description no longer matches how funding through GCash or bank transfer actually works. Because the timing depends on those events rather than a calendar, the practical rule is to re-read the page rather than assume last month's version still holds.

Continuing to use the site after a revision is published means you accept the revised terms. If you do not accept them, the remedy is straightforward: stop using the site. Nothing on this page creates an ongoing contract with you beyond that, and no revision can turn this site into an adviser, a broker, or a custodian of your funds. Your trading relationship remains with the broker whose agreement you signed, under the law and the entity named there.

What You Are Confirming When You Use This Site

By using Davao Demo you confirm that you are acting on your own judgement and that you understand gold CFDs are high-risk leveraged products. One standard lot is 100 oz, a pip is 0.01, and the reference price near 4275.0 shows how large the notional exposure is relative to the margin you post. You confirm that any position you take is your decision, sized by you, and that you have read the broker's own risk disclosures rather than relying on a summary written here.

You also confirm that you have checked the entity that will hold your account. FxPro is licensed by the FCA (UK) and CySEC — not by the SEC of the Philippines — so the applicable protections follow the entity serving this country, and that entity is identified in your client agreement. You confirm you have read that agreement, including the clauses on margin close-out, order execution, and complaints, before funding anything through GCash or bank transfer.

You confirm that you will not treat any figure on this site as a live quote or a guarantee. The margin illustration of about $85.50 on a 0.10-lot position reflects the applicable cap on the day it was written, and the cap and the price both move. You confirm you will verify requirements inside the platform before you trade, and that you will not hold this site responsible for a difference between an example and your account.

Finally, you confirm that you are old enough to enter a binding agreement where you live and that you are not accessing this site from a place where doing so would be unlawful. If any part of these terms is unenforceable for you, the remaining parts still apply. Your use of the site is your acceptance of that, and it does not create any advisory, fiduciary, or agency relationship between you and Davao Demo.