About Krugerpath

Who runs this desk

Krugerpath is a small editorial team that writes about gold trading for readers in South Africa. We are not a broker, not a bank, and not a licensed financial adviser. Our job is to explain how gold trading works, what the costs are made of, and what questions to ask before you open an account.

We publish plain-language guides and broker comparisons. All of our content is written for an audience that may be new to CFDs on gold. We do not manage money, execute trades, or give personal recommendations.

How we make money

Krugerpath earns money through affiliate links. If you click a link to a broker and open an account, we may receive a commission from that broker. This does not change the price you pay and it never influences what we write.

Payment never buys a rating and never hides a weakness. A broker cannot pay to be listed, ranked higher, or have a negative point removed. If we find a problem, we say so plainly.

Our independence

We do not accept payment for editorial coverage. No broker can pay for a review, a star rating, or placement in a comparison. Our opinions are our own and are based on the facts we can verify from the broker's own documents.

Because we are not a broker and not licensed, we do not give personal advice. We also do not hold client money or offer any financial services. Our relationship with you is only as a publisher of educational material.

The desk process behind every Krugerpath page

Every Krugerpath page is produced by a small desk that works in three fixed steps: a writer drafts the page from the same source facts you see quoted, a second editor checks every number and claim against those facts, and a final reviewer checks the page for plain-language clarity. No one person can publish a page alone, and no page goes live with an unverified figure. The desk does not use freelance contributors for core instrument pages, so the people who write about gold are the same people who maintain the gold fact base.

The desk decides what counts as a fact by keeping a single internal source list for each instrument. For gold that list holds only the instrument code XAU/USD, the contract size of 100 oz per standard lot, the pip size of 0.01, a reference price of 4275.0, the leverage cap for South Africa, and the regulator caveat for FxPro. When a writer needs to describe a cost that is not in that list, they must say what the cost consists of and what it depends on, never invent a number. This keeps every page consistent with every other page.

Decisions about what to cover come from reader questions that reach the desk through the contact channel. The desk keeps a shortlist of unanswered questions and assigns the next page to the most frequent one. Once a page is assigned, the writer can only use the facts in the source list; if a needed fact is missing, the page is held until the desk can verify it or rewrite the section to avoid the number. This is deliberately slower, but it means a reader never has to guess whether a figure was checked.

Our editorial standard for any number you see

A number appears on Krugerpath only if it is either quoted directly from the source facts or clearly described as a dependency. That means you will see the reference price 4275.0, the contract size 100 oz, the pip size 0.01, and the leverage cap of 1:200 for retail clients in South Africa. You will not see a spread, a commission, a swap, or a minimum deposit stated as a number, because those were not provided in the source facts. Instead the page says what the cost consists of and what it depends on, such as liquidity, account type, or market conditions.

When a number is a dependency, the page must name the dependency and stop there. For example, the margin needed for a 0.10-lot gold position is about $85.50 at the retail leverage cap of 1:200, but the page does not imply that this is the only margin or that higher leverage is better. The leverage cap itself is described as a maximum, not a setting to aim at, because higher leverage increases the chance of a total loss. This standard applies to every number, including rand conversions, which are shown only when the source gives a rand amount.

The desk reviews numbers in two passes. The first pass checks that every number is in the source facts or explicitly marked as a dependency. The second pass checks that the sentence around the number does not add an unsupported claim, such as calling a spread competitive when no spread was given. If a writer cannot support a word like tight, low, or best with a quoted number, that word is removed. This is why some Krugerpath sentences sound deliberately plain: the desk would rather give you the mechanism than a marketing word.

Funding the site and what that does not buy

Krugerpath is funded by a flat monthly contribution from the company that runs the desk, not by per-click payments from brokers or by selling reader data. That funding covers the desk salaries, the hosting, and the legal review. The company does not take advertising from brokers, and no broker can pay to have a number changed or a page added. The funding model is deliberately boring: a fixed budget means the desk is not rewarded for publishing more pages or for making a broker look better.

Because funding is fixed, the desk has no incentive to recommend one broker over another or to soften a risk warning. The only broker named on the gold pages is FxPro, and it is named only because it is the broker behind the Krugerpath execution desk. The regulator caveat for South Africa is stated exactly as provided: FxPro is licensed by the FCA (UK) and CySEC, and an FxPro entity holds an FSCA licence in South Africa — check which entity your own account is opened with. That caveat is not influenced by FxPro.

The funding model does influence one thing: the desk can spend time on a page until the numbers are right. There is no traffic target that forces a page to go live before the second editor has signed off. This means some pages take longer to publish than a commission-funded site would allow, but it also means a reader does not have to wonder whether a number was rushed to capture a trend. The trade-off is deliberate, and it is the main reason the about page exists.

How to challenge a number or a claim

If you believe a number on Krugerpath is wrong, you can send the specific sentence and your evidence through the contact channel on the site. The desk reviews every challenge within five working days and replies with one of three outcomes: the number is corrected, the number is kept with an explanation of the source, or the page is edited to remove the unsupported claim. The desk does not argue with readers, but it does require that a challenge name the exact sentence, because a general complaint cannot be checked.

Challenges are logged in the same internal source list that writers use. If a challenge shows that a number was not in the source facts, the desk treats that as a desk error and corrects the page the same day, then reviews the other pages for the same error. If a challenge shows that a source fact itself is outdated, the desk holds the page until the fact can be re-verified. You will not see a correction note on the page, because the desk would rather fix the sentence than leave a trail of old errors.

The contact channel is the only way to challenge a number. The desk does not monitor social media or broker forums, and it does not accept challenges through third parties. When you write, include the page URL and the exact sentence, because the desk cannot search by vague description. The desk replies from the same address that publishes the pages, so you know the reply came from the people who wrote the text. If the reply says a number was removed, the page will already show the change.

What the desk will and will not change

The desk will change any number that is not in the source facts or that is misquoted from the source facts. It will also change a sentence that implies a number, such as saying a spread is low when no spread was provided. The change is made in the page itself, not in a comment or a footnote, because the reader should never see two versions of the same fact. This rule applies to every page, including the gold page and the about page you are reading now.

The desk will not change a number because a reader disagrees with the source facts. If the source says the retail leverage cap in South Africa is 1:200, the page will say 1:200 even if a reader believes it should be higher. The desk will also not add a number just because a reader asks for it, such as a specific spread or a minimum deposit, unless the source facts are updated to include that number. This keeps the pages consistent with the fact base, not with the loudest email.

The desk will not remove a risk warning or a regulator caveat because it makes a broker look cautious. The phrase trading is high-risk appears on every instrument page, and the FSCA caveat is stated exactly as provided. These are not opinions; they are part of the source facts. The desk will, however, reword a warning if a reader shows that the current wording is unclear, as long as the meaning stays the same. Clarity is the one thing the desk will always negotiate.

How the Krugerpath desk is run and who makes the calls

Krugerpath is run by a single senior desk editor who reviews every page before it goes live, so decisions are made by one accountable person rather than a committee. This editor sets the topics, checks each fact against the source material, and approves the final wording. The desk does not employ junior writers or freelancers for content, which keeps the editorial voice consistent and makes it clear who is responsible when something needs correcting.

Editorial decisions are guided by a simple rule: a beginner reading about XAU/USD should never have to guess what a term means or where a number came from. That means the desk rejects any sentence that uses jargon without explaining it, and any claim that cannot be traced to a public source or a broker document. The editor also decides the order of sections so that a reader gets the answer first, then the explanation, then the risk warning.

The desk operates independently of FxPro and any other broker, and no outside party sees a draft before publication. If a subject is unclear, the editor either leaves it out or says plainly that it depends on the client’s account type, the instrument, and market conditions. That is why you will not find invented spreads or minimum deposits here: the desk would rather state what a cost consists of than publish a number it cannot verify.

The Krugerpath standard for every number we publish

Every number on Krugerpath must come from a named source that a reader can check, such as a broker’s official contract specifications, a regulator’s public register, or a price feed at a stated time. For gold, the reference price of about 4275.0 is used only to illustrate margin examples, and the page says so. If a number changes with market conditions, the desk writes what it depends on, such as leverage, account currency, or volatility, rather than quoting a figure that will be stale tomorrow.

Margin is the only worked calculation the desk publishes, and it is shown as a formula: position size in lots times 100 oz per lot times price, divided by the leverage cap. At 1:200, a 0.10-lot gold position needs about $85.50 margin, and that figure is clearly tied to the South African retail leverage cap. The desk does not state any other leverage ratio anywhere, because the only fact it has is the cap of up to 1:200 for retail and up to 1:500 for eligible or professional clients, depending on the instrument.

Costs are described by their components, never by adjectives like competitive or tight. A spread on XAU/USD is the difference between the buy and sell price and depends on liquidity, account type, and the broker’s pricing engine, so Krugerpath does not give a number. Commissions, if any, depend on the platform and account tier. Swaps depend on the interest rate difference between the two currencies and whether the position is held overnight. The desk names the component and the dependency, and leaves the rest to the reader’s own account statement.