Terms of Use

Educational material, not advice

Everything on this site is educational material. It is not personal advice, not a recommendation and not an offer to buy or sell any instrument. We do not know a reader's circumstances, and nothing here is tailored to them. A decision to trade gold (XAU/USD) is the reader's own.

We are not a broker, bank or licensed adviser. Where a page describes a broker, it describes what the broker publishes on a given date, not what a reader should do. The regulator caveat applies: FxPro is licensed by the FCA (UK), CySEC and FSCA; confirm any broker on the SEC Nigeria register of capital market operators.

The Law That Governs These Terms And Your Use Of The Site

These terms are governed by the laws of the Federal Republic of Nigeria, and any dispute will be subject to the non-exclusive jurisdiction of the Nigerian courts. This applies regardless of where you access the site from. If any provision is found unenforceable, the remaining provisions stay in force. The governing law does not affect any mandatory consumer protections you may have under Nigerian law.

The site is intended for readers in Nigeria, and references to local funding methods and the SEC Nigeria register are made in that context. We do not claim that the content is appropriate or lawful in other jurisdictions. If you access the site from elsewhere, you are responsible for complying with your local laws. Trading gold (XAU/USD) carries risk of loss and may not be suitable for everyone.

Nothing on this site is legal, tax, or accounting advice. The regulator caveat is specific: FxPro is licensed by the FCA (UK), CySEC and FSCA; confirm any broker on the SEC Nigeria register of capital market operators. That statement is informational and does not constitute a legal opinion on the status of any entity. For legal questions about your own situation, consult a qualified Nigerian lawyer.

Dated figures and affiliate links

Figures on this site are dated and must be verified with the broker before use. A spread, commission, swap, minimum deposit or leverage cap can change after we read it, and the date on the page is the honest limit of what we can say. Instrument facts, such as 1 standard lot being 100 oz and one pip being 0.01, are stated as the broker publishes them.

Affiliate links mean the reader's relationship is with the broker. If a reader opens an account through a link here, the account, the money and the contract are between the reader and the broker, and the broker's terms govern. We may receive a referral fee, which does not change the price the reader pays and does not buy a rating.

The Full Affiliate Relationship Behind This Site

Harcourt Cost may earn a commission when you open a trading account through links on this site. This is an affiliate relationship: if you click a link to a broker such as FxPro and later become a client, the site may receive payment from that broker. The commission comes at no extra cost to you and does not change the information we publish. It is how the site funds its research and writing.

Affiliate payments do not influence our editorial content. We do not rank brokers by commission size, and we do not adjust explanations of spreads, fees, or leverage to favour a partner. Our descriptions are based on publicly available facts and the specific details provided to us, such as the leverage cap of up to 1:200 via the offshore entity serving Nigeria. Any conflict of interest is disclosed here so you can weigh the information accordingly.

You are never obliged to use our links. If you prefer, you can visit any broker directly. The presence of an affiliate link is not an endorsement of that broker's suitability for your needs, and it does not replace the regulator check we recommend: confirm any broker on the SEC Nigeria register of capital market operators. Your decision to trade, and the risks you take, remain entirely your own.

Your Responsibilities When Using Harcourt Cost Content

You are responsible for verifying every fact before you trade. That means checking current spreads, fees, leverage, and funding methods directly with your broker, because the figures on this site are reference values only. For example, the margin example for a 0.10-lot gold position at 1:200 leverage is illustrative and depends on the broker's live requirements. Do not rely on any single number here as the final word.

You must also ensure that trading is suitable for your financial situation. Gold (XAU/USD) is volatile, and leverage is a cap, not a target: at up to 1:200 via the offshore entity serving Nigeria, losses can mount quickly. Never trade with money you cannot afford to lose, and seek independent advice if you are unsure. The site does not assess your suitability or monitor your positions.

Finally, you agree to use the site lawfully and not to misuse its content. You may not copy, republish, or redistribute substantial parts without permission, and you may not use the site to break any Nigerian law or regulation. The content is for your personal, non-commercial use. Respecting these boundaries helps keep the resource available for other readers.

Limits Of Liability In Plain Words

Harcourt Cost provides information as-is, and to the fullest extent permitted by law, we are not liable for any loss you incur from using it. This includes trading losses, missed opportunities, or decisions made after reading our content. We do not guarantee that the site is error-free, complete, or continuously available. You use the information at your own risk and remain responsible for verifying every detail with your broker before acting.

We are not responsible for the actions or omissions of any broker, payment provider, or third party mentioned on the site. If you fund an account via local NGN bank transfer, card, e-payment, or crypto, the handling of your money is governed by that provider's terms, not ours. Any dispute over execution, withdrawals, or account management is between you and the broker. Our liability is limited to the maximum extent allowed by applicable law.

Nothing in these terms excludes liability that cannot be excluded by law, such as for fraud or death or personal injury caused by negligence. Where liability cannot be excluded but can be limited, our total liability to you is limited to the amount you paid us, if any, for accessing the site. Because the site is free to read, that amount is typically zero. This keeps the site accessible while making the allocation of risk clear.

Risk of loss

CFDs on gold carry a high risk of loss, and most retail accounts lose money. Leverage magnifies both gains and losses, and a cap such as up to 1:200 via the offshore entity is a ceiling, not a target. The worked figure of about $85.50 margin for a 0.10-lot gold position at that cap shows how little margin can support a large exposure, which is exactly why losses can outrun a deposit.

Nothing on this site removes that risk, and no page should be read as a guarantee of any outcome. A reader should be able to afford the loss before opening an account, and should treat every figure here as an illustration rather than a promise.

What Harcourt Cost Provides And What It Does Not

Harcourt Cost publishes independent information about trading gold (XAU/USD) and other markets for readers in Nigeria. The site explains how instruments work, how costs are structured, and how risk is managed, using plain English and worked examples such as the margin needed for a 0.10-lot gold position at 1:200 leverage. It is an educational resource, not a brokerage, fund manager, or investment adviser. Every figure and explanation is for understanding, not for directing your money.

This site does not provide personalised advice, trading signals, or recommendations to buy or sell any instrument. Nothing here is a solicitation to open an account with FxPro or any other broker, and no content should be read as a promise of profit. If you need advice tailored to your circumstances, consult a licensed professional. The site's role is to inform your own research, not to replace it.

All examples use reference values, such as gold at approximately 4275.0 and one pip equal to 0.01, to illustrate mechanics. They are not live prices and do not reflect the terms you will receive. Funding methods mentioned, including local NGN bank transfers, Visa/Mastercard debit cards, e-payments, and crypto, are listed for context only. Always confirm current terms directly with your chosen broker.

How Changes To These Terms Are Published And When They Take Effect

We publish changes to these terms by updating this page and showing a new version date at the top. The updated terms take effect when they are posted, unless we state a later date. We do not send individual notices for every edit, so you should check this page periodically. Continuing to use the site after a change means you accept the revised terms.

For material changes, such as a new affiliate relationship or a shift in how liability is allocated, we will make the change clear on this page and may highlight it for a reasonable period. The same publication method applies: the revised text appears here, and the effective date is updated. There is no separate email or account notification because the site does not require registration.

You can always find the current terms on this page. If you do not agree with a change, you should stop using the site. The version published here supersedes any earlier version. We keep the language plain so that readers in Nigeria can understand their rights and obligations without needing a lawyer, and we apply the same standard to every update.