About Yarra Course

Who runs this desk

Yarra Course is run by a small editorial group that writes and checks its own pages; there is no separate newsroom or sales team behind the site. Every page is written in plain English for readers in Australia, and the desk keeps its scope narrow: gold (XAU/USD), the mechanics of margin and pip value, and how a local resident would actually open and fund an account. We do not claim staff numbers, awards or certifications, because we have none to claim.

The desk is independent in the sense that no broker pays for coverage and no broker sees a page before it goes live. If a broker's terms change in a way that matters to an Australian reader, we would rather say so than leave an old figure standing. That is the whole editorial position, and it is deliberately modest.

What pays for the site and where the money stops

The site is funded by commercial arrangements with brokers, and those arrangements pay for the writing, checking and hosting. What they do not buy is a conclusion. A broker cannot commission a page that calls its spreads low, because this desk has no spread figure to support that and would not run the claim anyway. Funding keeps the desk running; it does not set the verdict on whether an Australian reader should deal with an offshore entity such as FxPro UK Limited. The editor, not the payer, signs off the line.

In practice that means the money is disclosed and then fenced off from the copy. Pages about FxPro state the regulator position as given: licensed by the FCA and CySEC, no ASIC licence, so Australian residents deal with an offshore entity and should check before funding. That caveat runs whether or not it suits a commercial partner. Local funding methods named on the site are limited to PayID and bank transfer because those are the ones on file. No payment method outside that list is invented to make a page look more complete.

The boundary is easiest to see in what the site refuses to do. It will not rank brokers by a cost it cannot verify, will not attach a bonus or promotion it was not given, and will not present the 1:200 cap as a target. If a funding arrangement ever pressed for any of those, the page would run without the claim. Readers are told how the site is paid for so they can weigh that themselves. The commercial side answers to the editorial standard, not the other way around.

Why gold is covered as a contract, not a headline price

Gold is covered here as XAU/USD with a fixed contract specification, because a price alone tells a reader nothing about exposure. One standard lot is 100 oz and one pip is 0.01, so the arithmetic of a position is knowable before anyone funds an account. At a reference price near 4275.0, the notional size of a lot is large, which is why the margin example is given at 0.10 lots rather than a full lot. The page is built so a reader can see the size of the thing being traded, not just the direction.

That framing is deliberate for Australian readers weighing an offshore entity. FxPro UK Limited serves Australia, and the caveat is stated plainly: FxPro is licensed by the FCA and CySEC but does not hold an ASIC licence, so residents deal with an offshore entity and should check before funding. Leverage is capped at up to 1:200, and the site treats that as a ceiling, not a recommendation. Platforms named are MT4, MT5, cTrader and the FxPro app. Local funding is described only as PayID or bank transfer, because those are the methods on file.

Covering the contract also keeps cost language honest. Because no spread, commission, swap or minimum deposit figure was supplied, pages say what those costs consist of and what they depend on, such as the broker, the account and conditions at the time. They do not attach a number to make the page feel complete. Trading gold on leverage is high-risk and losses can exceed what a reader expects, so the desk would rather show the lot size and the margin maths than imply a cheap or easy trade. That is the editorial angle across the whole pack.

The editorial test every number must pass before it appears on a Yarra Course page

A number appears on this site only if it can be traced to a primary source that we can name and that a reader can check independently. For gold, that means the contract specification itself: 1 standard lot equals 100 oz and one pip equals 0.01, so a one-pip move on a 0.10-lot position is A$0.10. We do not round these figures up for effect, and we do not repeat a number from a secondary summary if the original document is available. If the primary source is silent, the page says so rather than filling the gap.

Where a cost cannot be stated as a fixed number, the page describes what the cost consists of and what it depends on, not an estimate dressed as a fact. Spread on XAU/USD, for example, depends on the broker's pricing model, the time of day and the liquidity available at the moment of execution, so we say that rather than quoting a figure we have not verified. Leverage is treated the same way: up to 1:200 is a cap set by the entity serving Australian residents, not a target, and the page explains that distinction every time the cap is mentioned.

Every number is dated to the version of the source we used, and a number that cannot be re-checked is removed rather than left to age quietly. The worked margin figure at 1:200 for a 0.10-lot gold position, about $85.50, is shown with its inputs so a reader can reproduce it: contract size, reference price near 4275.0 and the leverage cap. If the inputs change, the figure is recalculated or pulled. That rule applies to every figure on the site, including the ones that make us look less useful because they are smaller than a competitor's claim.

How this desk is run and where the final call sits

Yarra Course is run as a small editorial desk with a single accountable editor who signs off every page before it goes live. That editor decides what gets covered, what gets cut, and what a page is allowed to claim about XAU/USD. There is no committee vote and no commercial manager with a veto. When a piece involves leverage, margin or the FxPro entity structure, the editor checks it against the facts on file rather than memory. The aim is a page a reader can act on without wondering who overruled whom.

Decisions about which gold topics to cover start from reader questions and from the mechanics of XAU/USD itself, not from a keyword list. One standard lot is 100 oz and one pip is 0.01, so a page that ignores contract size is not finished. The editor asks whether a reader could size a 0.10-lot position or read a margin figure without guessing. If the answer is no, the page goes back. Coverage order follows usefulness to an Australian reader weighing an offshore entity, not what happens to rank.

The final call on any disputed line sits with the editor, who must be able to point to the source fact behind it. If a figure such as the roughly $85.50 margin on a 0.10-lot gold position at 1:200 cannot be traced, it does not run. That rule applies to the regulator caveat as well: the line that FxPro is licensed by the FCA and CySEC but does not hold an ASIC licence is reproduced as given, not softened. Where the desk is unsure, the page says what the number depends on instead of inventing one.

How the site is paid for

Affiliate links are the only revenue on Yarra Course. If a reader follows a link to a broker and opens an account, the desk may receive a payment from that broker, and this is disclosed on the pages where such links appear. Payment never buys a rating, never changes a ranking and never removes a weakness from a page; a broker that cannot serve an Australian resident properly is written up that way regardless of any commercial arrangement.

The practical consequence is that our pages are not a price list and not a recommendation. Costs depend on the broker's own documents, the account type, the instrument and the funding method, and those can change without notice. We tell readers to verify every figure with the broker before funding, and we would rather publish a short honest page than a long confident one.

How to challenge a published line, what we check first, and what changes if you are right

To challenge something published here, email the desk with the page URL, the exact sentence and the source you believe is correct; a screenshot is helpful but not required. We log every challenge with a date and the name of the person who will answer it, and we aim to reply within five business days. You do not need an account or a subscription to raise one. If the challenge concerns a number, the first thing we check is whether the primary source we cited still says what we said it said.

If the challenge is upheld, the page is corrected and a dated correction note sits at the foot of the article saying what changed and why; we do not silently edit a figure. If the challenge is not upheld, the reply explains which source we relied on and how you can check it yourself, and the exchange is kept on file. Corrections that affect a calculation, such as the margin example at 1:200, are re-run in full rather than patched in one place, because a single changed input can move every dependent figure on the page.

A challenge about the regulator position is treated as a priority because it affects whether an Australian reader should fund an account at all. FxPro is licensed by the FCA (UK) and CySEC but does not hold an ASIC licence, so Australian residents deal with an offshore entity; if you believe a page has blurred that caveat, say so and we will review the wording against the exact statement we are permitted to use. Challenges about funding methods are checked against the list we publish, which is PayID and bank transfer only, and we will not add a method to a page to satisfy a request.

The limits of what this desk will tell you about FxPro

This desk will tell you the entity, the platforms, the leverage cap and the regulator position, and it will stop there rather than fill gaps with guesses. FxPro UK Limited is the entity serving Australia; platforms are MT4, MT5, cTrader and the FxPro app; leverage is available up to 1:200 as a cap. The caveat is that FxPro is licensed by the FCA and CySEC and does not hold an ASIC licence, so Australian residents deal with an offshore entity and should check before funding. Anything beyond that, such as a spread or a minimum deposit, is described by what it depends on.

The limit is not modesty; it is the number rule applied to a broker review. A reader deciding whether to open an account needs to know that the margin on 0.10 lots of gold at 1:200 is about $85.50 and that the regulator is not ASIC. Those two facts change the decision. A made-up spread would not help and could mislead. So the page says the cost depends on the broker, the account type and market conditions, and leaves the reader to confirm the current schedule with FxPro before funding through PayID or bank transfer.

Where the desk has no fact, it says so rather than hinting. It will not call a cost competitive, tight or low, because those words need a number behind them and none was supplied. It will not name a funding method outside PayID and bank transfer, and it will not present 1:200 as a target to reach for. What remains is a sober picture: a gold contract of 100 oz per lot, a high-risk instrument, an offshore entity and a leverage cap. That is enough for an Australian reader to ask better questions, which is the job.

How to dispute a line and what happens next

To challenge something published here, write to the editorial desk with the page, the exact sentence and the reason you think it is wrong, and the editor will re-check it against the source file. A dispute that names a figure is easiest to act on: if you believe the margin example is off, show the lot size and leverage you used. The worked figure on file is about $85.50 for 0.10 lots of XAU/USD at 1:200. If your arithmetic differs, the editor wants to see it, because a corrected page is worth more than a defended one.

Corrections are made at the sentence level and the page is republished with the fix, not quietly edited and forgotten. If a claim cannot be supported by the facts on file, it is removed rather than reworded into something vaguer. That applies to the regulator caveat too: if the FCA, CySEC or ASIC position changes, the line is updated to match the new source. Disagreements about tone or emphasis are read and considered, but the editor keeps the final call on how a risk is framed for Australian readers.

A challenge does not need to be formal or long. A short message pointing at the paragraph and saying what looks wrong is enough to start the check. The desk will tell you what it found: either the line stands because the source supports it, or it changes. Readers who spot a number that looks invented are doing the most useful thing possible, because the whole standard rests on not publishing figures that cannot be traced. That is the point of inviting the challenge in the first place.

The rule a number must pass before it appears on a page

A number appears on this site only if it is on the source list the editor holds, or if the page states plainly what the number depends on. That means contract size (1 lot = 100 oz), pip value (0.01), the reference price near 4275.0, the 1:200 leverage cap, and the worked margin of about $85.50 on a 0.10-lot gold position are all quotable. A spread, commission, swap or minimum deposit is not, because no figure was supplied. The page describes what those costs consist of and what they depend on instead of naming a number.

The standard exists because a plausible-sounding figure is worse than no figure in a high-risk market. If a reader sizes a gold position from a spread this desk invented, the loss is real and in Australian dollars. So the test is blunt: can the editor open the file and find the exact number? If not, the sentence is rewritten to say the cost depends on the broker, the account type and market conditions at the time. That is less satisfying to read and more honest to trade from.

Rounding and context are part of the same rule. The reference price near 4275.0 is labelled as a reference, not a live quote, because it will have moved by the time anyone reads it. The 1:200 figure is described as a cap, not a setting to aim at, since using the maximum is a choice with consequences. Margin examples are shown at a stated lot size so the arithmetic can be checked: 0.10 lots of XAU/USD at 1:200 works out to about $85.50. A number without its unit, its lot size or its caveat does not pass.

What we are not

Yarra Course is not a broker, not a bank and not a licensed financial adviser, and nothing on the site is personal advice. We do not hold client money, we cannot open an account for you, and we cannot intervene in a dispute with a broker. The regulator fact we work from is this: FxPro is licensed by the FCA (UK) and CySEC. It does not hold an ASIC licence, so Australian residents deal with an offshore entity — check this before funding.

Because we are not licensed, we do not tell readers what to trade, how much to risk or when to enter. The material is educational: it explains how a position is sized, what a pip is worth on a standard lot of 100 oz, and what a margin requirement looks like at a capped leverage ratio. Decisions about money stay with the reader and, where needed, a licensed adviser.