Terms of Use

Not advice and not an offer

Everything on Krugerpath is educational material. Nothing on this site is personal financial advice, a recommendation to trade, or an offer to buy or sell any financial instrument. We are not licensed to give advice and we do not know your personal situation.

You are responsible for your own trading decisions. Before you trade gold CFDs, read the broker's terms, understand the costs, and consider whether you can afford to lose your money.

Risk of loss

CFDs on gold carry a high risk of loss. Most retail investor accounts lose money when trading CFDs. You can lose more than your initial deposit if you use leverage, and you may be required to add funds at short notice.

Leverage is a cap, not a setting to aim at. In South Africa, the maximum leverage available is up to 1:200 for retail clients and up to 1:500 for eligible or professional clients, depending on the instrument. A 0.10-lot gold position at 1:200 needs about $85.50 margin, but that does not mean you should use all of it.

Figures and affiliate links

All figures on this site are dated. We read them from the broker's own documents on a specific date, but brokers change their terms. Always verify the current spread, commission, swap, and minimum deposit with the broker before you open an account.

Some links on this site are affiliate links. If you click one and open an account, we may earn a commission from the broker. This does not change your cost and it does not create any relationship between you and Krugerpath. Your relationship is with the broker, and you must deal with the broker directly for all account matters.

What Krugerpath Is and What It Is Not

Krugerpath is an independent information website that explains how trading gold (XAU/USD) through FxPro works for readers in South Africa, and it is not a financial adviser or broker. The site publishes educational articles, worked examples, and plain explanations of costs, margin, and regulation, but it does not tell you whether any trade is right for your personal financial situation. Nothing written here is personalised advice, a recommendation to buy or sell, or an offer of any financial service, because Krugerpath has no knowledge of your income, goals, or risk tolerance.

Krugerpath is also not an agent, partner, or representative of FxPro, and it does not execute orders, hold client money, or provide trading platforms. The site’s content is written for general education only, using the example of gold (XAU/USD) where 1 standard lot equals 100 ounces and one pip is 0.01, with a reference price around R4275.0. Any decision to open a live account with FxPro is yours alone, made after reading FxPro’s own legal documents and, if needed, speaking to an authorised financial services provider in South Africa.

Because Krugerpath is information only, you cannot rely on it as a substitute for reading the broker’s terms, risk disclosure, and product schedule. The maximum leverage available in South Africa is up to 1:200 for retail clients and up to 1:500 for eligible or professional clients depending on instrument, but that is a cap, not a target, and Krugerpath never suggests using high leverage. All examples, including the margin figure of about $85.50 for a 0.10-lot gold position at that retail cap, are illustrative only and may differ from what you see on the platform.

The Affiliate Relationship With FxPro, Stated in Full

Krugerpath may receive compensation from FxPro when a reader opens an account through a link on this site, and this compensation can take the form of a fixed payment per new client, a percentage of the spread or commission generated, or another commercial arrangement. That affiliate relationship does not change the facts in any article, and it does not mean Krugerpath is employed by or speaks for FxPro. The site’s writers do not receive individual bonuses for encouraging deposits, and the editorial content is not reviewed or approved by FxPro before publication.

The affiliate compensation is paid by FxPro, not by you, and it does not make your trading costs higher than they would be if you went directly to FxPro. However, you should know that Krugerpath has a financial incentive to present FxPro in a clear, usable way, and that incentive is disclosed here so you can weigh it when reading. Krugerpath does not compare brokers or claim FxPro is the best choice for every South African; it simply explains how gold trading works through this one broker, because the mechanics of XAU/USD are the same regardless of where you open an account.

If you click an affiliate link and open an account, Krugerpath may earn from that action, but you are never obligated to trade, deposit, or use any particular feature. The affiliate relationship does not create any advisory duty, and Krugerpath will not contact you to suggest trades or manage your money. FxPro’s own onboarding process, including verification of your South African identity and the regulator caveat that an FxPro entity holds an FSCA licence in South Africa, applies to you exactly as it would to any direct client, and Krugerpath has no access to your account or personal data.

Limits of Liability in Plain Words

Krugerpath is not liable for any financial loss you incur from trading gold or using FxPro, because the site only provides general information and never tells you to place a specific trade. Trading XAU/USD is high risk, and even a correct explanation of how margin or leverage works cannot protect you from market moves. The worked example of a 0.10-lot position needing about $85.50 margin at the retail leverage cap is an arithmetic illustration, not a promise that any future position will require that amount, and Krugerpath accepts no responsibility if your actual margin, loss, or liquidation differs.

Krugerpath also does not guarantee that every number, screenshot, or description on the site is current at the moment you read it, because spreads, swaps, and platform settings can change without notice. The site states what costs consist of and what they depend on, but it does not publish a fixed spread, commission, or swap figure, so you must check FxPro’s own materials before trading. Any typographical error, temporary outage, or third-party link on Krugerpath is outside the site’s control, and you use the information at your own risk, accepting that the final authority is always FxPro’s legal documentation.

The limits of liability extend to indirect, consequential, or special damages, including lost profits, lost data, or emotional distress, whether arising from reading Krugerpath, opening an FxPro account, or relying on any example. Nothing on this site creates a client relationship, a fiduciary duty, or a guarantee of any trading outcome, and by using Krugerpath you agree that the maximum remedy for any dissatisfaction is to stop reading the site. South African law may imply certain consumer protections, but Krugerpath does not waive any right you have under the Financial Sector Conduct Authority’s rules for complaints about FxPro itself.

The Law That Applies to These Terms

The terms of use for Krugerpath are governed by the law of the Republic of South Africa, and any dispute about the site’s content, the affiliate disclosure, or these limitations will be resolved in South African courts unless a specific law requires otherwise. This choice of law does not affect your rights as a client of FxPro, because your brokerage agreement with FxPro is governed by the law and jurisdiction stated in FxPro’s own terms, which may differ. Krugerpath only controls this website, not the trading platform, so the law that applies to your trades is not the same as the law that applies to your reading of this page.

Because Krugerpath’s readers are in South Africa, the site follows South African consumer protection principles, including the requirement to state that trading gold with leverage can result in losses greater than deposits. The regulator caveat for FxPro in South Africa is that FxPro is licensed by the FCA (UK) and CySEC, and an FxPro entity holds an FSCA licence in South Africa, but you must check which entity your own account is opened with, because that determines which regulator you can complain to. Krugerpath does not interpret or enforce any broker regulation; it only repeats the caveat FxPro publishes for South African clients.

If any part of these terms is found unenforceable under South African law, the rest of the terms remain in force, and the unenforceable part is replaced by a valid provision that comes closest to the original intent. Krugerpath may be required to comply with the Protection of Personal Information Act if it ever collects personal data, but currently the site does not ask for your name, email, or ID number, so no personal information is stored. The law that applies to these terms also includes the Electronic Communications and Transactions Act, which recognises that a website’s terms are binding when clearly displayed, as they are here.

How Changes to These Terms Are Published

Krugerpath updates these terms by posting a revised version on this same page, and the new version takes effect as soon as it is published, with no individual notice sent to readers. The site does not collect email addresses or run a mailing list, so the only way to learn of a change is to revisit this page and compare the date at the top, which states when the terms were last reviewed. Any material change, such as a new affiliate arrangement or a different limitation of liability, will be described in plain language in the revised section, not hidden in fine print or announced through social media.

When a term changes, the old version is not archived publicly, but the new version clearly replaces it, and all sections are written in the same answer-first style so you can spot what is different. For example, if the reference price for gold (XAU/USD) is updated from R4275.0 to a new value, or if the margin example for a 0.10-lot position changes because the leverage cap in South Africa changes, the revised section will say so directly. Krugerpath does not promise to notify you of changes by email, SMS, or push notification, because it holds no contact details for readers.

If you continue to use Krugerpath after a change is published, you are accepting the new terms, even if you did not read the change, so the site recommends checking this page before making any trading decision based on its content. The date of the most recent update is shown at the top of the terms page, and any change to the affiliate disclosure, the law that applies, or the limits of liability will be made only by editing this page, never by a private message or a comment on another site. Krugerpath may also add new sections or remove outdated ones, and the order of sections will stay the same so returning readers can find what they need.

Affiliate Relationship With FxPro, Stated in Full

Krugerpath earns money when you open a live account with FxPro through links on this site, and that is the only way this site is funded. That means every FxPro link here is an affiliate link, and if you sign up and trade, FxPro pays us a commission. The commission does not change the spreads, commissions, swaps, or any other cost you pay FxPro. Those costs are set by FxPro, not by us, and we have no control over them. We do not receive any payment from you directly. The affiliate relationship does not make FxPro responsible for the content on this site, and it does not make Krugerpath responsible for anything FxPro does. We are separate businesses, and the only connection is that we promote FxPro as a broker and receive a commission if you become a customer through our link.

Because we are paid by FxPro when you use our links, you should know that this creates a conflict of interest. We have a financial reason to encourage you to open an account with FxPro rather than with another broker. We work to keep our information accurate and fair, but the fact remains that we benefit if you choose FxPro. That is why we state this relationship plainly, and we repeat it on every page where FxPro is mentioned. You should not rely on this site as a neutral comparison of brokers. We only cover FxPro in detail, and we do not attempt to compare it with other brokers. If you want a broader view, you should look at other sources, including regulators' warnings and independent reviews. The decision to open an account is yours alone, and you should make it only after checking the broker's own legal documents.

The affiliate commission we receive from FxPro is not a fixed amount, and it is not a percentage of your deposits or profits. It depends on the arrangement between Krugerpath and FxPro at any given time, and it can change. We do not publish the exact commission rates because they are not relevant to your trading costs. What matters for you is that the affiliate link does not add any cost to your account. You will not pay more for spreads, commissions, or swaps because you used our link. If you open an account directly with FxPro without using our link, you will pay the same costs. The only difference is that we will not receive a commission. You can choose to open an account directly if you prefer not to support this site, and that choice has no effect on the service you receive from FxPro.