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Is it possible to trade individual assets such as Gold (XAU/USD) and Crude Oil on DEGUSSA?

Broker Issues
DEGUSSA
Account
Leverage
Instruments
Platform
08-05
United States
WikiFX
Reply

Having thoroughly evaluated DEGUSSA through direct experience and by carefully reviewing the details available, I must approach this question with caution. DEGUSSA, established in Germany and operating for 5 to 10 years, presents itself more as a firm focused on physical precious metals services—such as gold savings plans, purchase, safe deposit lockers, storage, and custom engraving—rather than a typical online broker facilitating leveraged trading of financial derivatives like XAU/USD or Crude Oil CFDs. For me, as someone with a background in forex and commodities trading, it's critical to distinguish between companies that offer physical asset acquisition and storage and those that provide access to real-time speculative trading through platforms. According to all available information, DEGUSSA does not appear to offer online trading in CFD or spot contracts for gold, oil, or other individual financial instruments. Instead, their services revolve around the purchase and safekeeping of physical gold and related wealth services. Moreover, DEGUSSA currently operates without valid regulation and holds a high-risk status in the industry. This alone would make me extremely cautious about sending funds or attempting any type of speculative trading through this firm. If one's priority is trading popular commodities like XAU/USD or crude oil as financial instruments, I personally would consider more established and strictly regulated brokers, as transparency, investor protections, and platform access are crucial. Based on my assessment, DEGUSSA does not support speculative trading of gold or oil.

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