About Deccan Primer

Who we are and what we are not

Deccan Primer is a writing desk, not a financial firm. We are not a broker, not a bank and not a licensed investment adviser, and nothing on this site is personal advice. We do not hold client funds, open accounts or execute trades, so any account you open is with a broker, not with us.

Our subject is narrow: gold priced in US dollars, written as XAU/USD, and the practical mechanics a resident of India meets when trading it. One standard lot is 100 oz and one pip is 0.01, and we keep those conventions in plain view because small errors in contract size change the whole risk picture.

The regulator caveat that matters in India

The broker we currently cover in most detail is FxPro, served for India by FxPro Markets Ltd. Its licences are from the FCA in the UK, CySEC and the FSCA, and the sentence we repeat without softening is this: FxPro is licensed by the FCA (UK), CySEC and FSCA — not by SEBI.

That distinction is not a technicality. A licence elsewhere does not make a platform answerable to an Indian regulator, and readers should weigh that before funding anything. Funding routes reported for Indian clients include local INR bank transfers, cards and e-wallets, and the cost and speed of each depend on the broker and the bank, not on us.

Why Gold Is Covered in Ounces, Lots and Pips Rather Than in Rupees Alone

Gold is covered as XAU/USD because that is the quoted instrument, and the page keeps the code, the 100 oz lot size and the 0.01 pip in Latin characters so the arithmetic is unambiguous for an Indian reader. The reference price of about 4275.0 is in US dollars per ounce, and the margin example of about $85.50 for 0.10 lot at 1:200 follows from those units. Converting to ₹ is a separate step that depends on the exchange rate at the time, so it is not fixed into the page.

Keeping the instrument in its native units prevents a common error: treating a pip on gold as if it were a pip on a currency pair. One pip is 0.01, and one standard lot is 100 oz, so a move of one pip is a specific dollar amount per lot that a reader can calculate. The desk states the units every time rather than assuming them, because a misread lot size changes the margin and the risk by a factor of ten.

The rupee enters where it is practical, such as funding an account by local INR bank transfer, card or e-wallet, but the trading figures stay in the instrument's own terms. This is not a preference for dollars over rupees; it is a way to keep the numbers checkable against the source facts. A reader who wants a rupee figure can apply the current exchange rate, and the page will not pretend that rate is fixed.

The Editorial Standard a Number Has to Meet Before It Appears

A number appears on this site only if it comes from a stated source fact, and if it is a worked example it must show the inputs so a reader can recompute it. The 0.10-lot gold margin of about $85.50 at 1:200 is published because the lot size (100 oz), the reference price (≈4275.0) and the leverage cap are all given; a reader can check the arithmetic rather than trust the sentence. Anything that cannot be tied to a source fact is written as what it depends on.

The standard forbids inventing spreads, commissions, swaps, minimum deposits, bonuses or dates, and it forbids calling a cost competitive or low without a figure to back it. Where a cost exists but no number was supplied, the page explains what the cost consists of and what it depends on, such as the broker's schedule and the account type. This is stricter than most affiliate pages, and it is intentional: a reader in India funding an account by local INR bank transfer, card or e-wallet needs to know the components, not a slogan.

Every stated figure is also framed at the correct scale. One pip on gold is 0.01 and one standard lot is 100 oz, so a page that quotes a price move must be consistent with those units. Leverage is described as a cap of up to 1:200, or up to 1:500 for eligible traders after an experience and financial assessment, never as a target. A number that fails any of these checks is cut or rewritten before publication.

How the Site Is Funded and Where That Money Stops

The site is funded by commercial arrangements with brokers, and those arrangements pay for the writing and review but do not buy a conclusion. Funding does not change the facts a page is allowed to state: the regulator caveat that FxPro is licensed by the FCA, CySEC and FSCA but not by SEBI appears regardless of any commercial relationship, and it is not softened for a partner. A reader can therefore treat the caveat and the risk warnings as independent of who pays.

What funding does influence is which brokers and instruments the desk covers, because a site cannot review what it has no access to. It does not influence the worked figures, the leverage cap description or the risk framing. The desk will not publish a spread, commission, swap or minimum deposit number it was not given, even if a partner would prefer a headline figure, because an unsupported number is worse than a described one for a reader trading gold at 100 oz per lot.

The boundary is simple to state: money decides coverage, not claims. If a page says a cost depends on the broker's schedule, that is the honest position and it stays even where a commercial deal exists. Readers in India should read every page with that in mind and treat any broker comparison as a starting point for their own checks, not as a recommendation to trade.

How This Desk Runs and Who Makes the Calls

The desk is run by a small editorial team that writes and reviews every page, with no separate marketing layer approving copy. Decisions about what to publish, what to correct and what to leave out are made by the writers and a reviewing editor, and a piece goes live only after the reviewer has checked the numbers against the source facts. No single person can publish unilaterally, which keeps a second pair of eyes on anything that states a figure such as the margin on a 0.10-lot gold position at 1:200.

Decisions are made against a written standard rather than by seniority, so a junior writer can block a claim that fails the number test. When the team disagrees on whether a fact is grounded, the default is to describe what the cost or requirement depends on instead of asserting a figure. That rule is why pages describe margin and leverage as caps and conditions rather than as promises, and why the FCA, CySEC and FSCA licensing of FxPro is stated plainly alongside the fact that it is not a SEBI registration.

The desk does not employ sales staff and does not take instructions from any broker on what a page should say. If a broker's product changes, the team updates the affected page from the facts it can verify, and it says so when a detail is unknown. This is deliberate for a high-risk instrument like gold (XAU/USD), where a wrong number on margin or lot size can cost a reader real money in rupees, so the editing chain is kept short and accountable.

What the Desk Will Not Do With Leverage or Risk Warnings

The desk will not present leverage as a setting to aim at, and it will not quote any ratio other than the cap of up to 1:200, or up to 1:500 for eligible traders after an experience and financial assessment. Leverage is described as a cap because that is what it is, and the worked margin of about $85.50 for 0.10 lot at 1:200 is there to show the arithmetic, not to suggest a position size. A reader who treats the cap as a target is taking risk the page did not recommend.

Risk warnings are treated as content, not as boilerplate to be buried. Gold (XAU/USD) can move sharply, and a position sized at the leverage cap can lose more than the margin committed, so the page says so plainly. The desk will not soften that language for a commercial partner, and it will not add a guarantee or a get-rich framing to any page. Trading is high-risk, and the writing is meant to be sober enough that a reader can see the downside before funding an account.

The same discipline applies to eligibility. The higher cap of up to 1:500 is described as available only after an experience and financial assessment, and the page does not imply that every reader will qualify. A reader in India should assume the cap that applies to them is the one their broker confirms after that assessment, not the largest number on the page.

How to Challenge a Figure or a Claim Published Here

You can challenge anything on this site by writing to the desk with the specific sentence, the figure you believe is wrong and the source you are relying on, and the team will re-check it against its stated facts. A challenge that identifies a number, such as the margin on a 0.10-lot gold position or the leverage cap, is easier to resolve than a general complaint, because the reviewer can recompute it from the inputs. Vague objections are answered with the reasoning already on the page.

Challenges are handled by the same reviewing editor who approved the page, not by a separate support queue, so the person who made the call defends or corrects it. If the challenge shows a figure was stated without a source fact, the figure is removed or rewritten as what it depends on, and the page is updated. If the challenge is about a broker detail the desk cannot verify, the page keeps the cautious wording rather than adopting the challenger's number.

The desk does not remove a correct risk warning or a regulator caveat because a reader or a partner finds it inconvenient. The FCA, CySEC and FSCA licensing of FxPro and the absence of SEBI registration are stated as facts, and a challenge to them needs a documented source. Corrections are made in the open where possible, and the standard for accepting one is the same standard used to publish: a stated source fact, or a clear description of what the number depends on.

How the desk is paid

Affiliate links are the only revenue this site earns. If you open an account with a broker through a link here, that broker may pay us, and that payment never buys a rating, a score, a headline or silence about a weakness. A broker we rank badly cannot pay to move up, and a broker we rank well does not pay us to say so.

Because the money comes from links, we keep the commercial side visible. Pages that contain affiliate links say so, and our methodology page explains what is checked before any broker is ranked. If a broker's terms change after we check them, we re-check and note the date rather than quietly rewriting the verdict.