Precious Metals

Precious Metals – Spreads / Conditions

Spot Metals Instruments

Currency Pair Minimum Price
Fluctuation
Spreads
as low as***
Average Spreads*** Long Swap Value
(Points)**
Short Swap Value
(Points)**
Value of 1 lot Limit and Stop
Levels*
GOLD 0.01 0.4 0.47 -10.61 -4.32 100 oz 1
SILVER 0.001 0.037 0.048 -5.5 -5.01 5000 oz 0.14
Currency Pair Minimum Price
Fluctuation
Spreads
as low as***
Average Spreads*** Long Swap Value
(Points)**
Short Swap Value
(Points)**
Value of 1 lot Limit and Stop
Levels*
GOLDmicro 0.01 0.4 0.47 -10.61 -4.32 1 oz 1
SILVERmicro 0.001 0.037 0.048 -5.5 -5.01 50 oz 0.14
Currency Pair Minimum Price
Fluctuation
Average Spreads*** Long Swap Value
(Points)**
Short Swap Value
(Points)**
Value of 1 lot Limit and Stop
Levels*
SILVER. 0.001 0.035 -5.5 -5.01 5000 oz 0.14
GOLD. 0.01 0.21 -10.61 -4.32 100 oz 1

The margin requirement for Gold and Silver is calculated like this: Lots * Contract Size * Market Price / Leverage.

GOLD & SILVER TRADING HOURS
(GMT+2 time zone, please note DST may apply)

Monday – Thursday: 01:05 – 23:55
Friday: 01:05 – 23:50

Other Metals

Symbol Description Minimum Price
Fluctuation
Value of Minimum
Price Fluctuation
Spreads
As low as
Value of 1 lot Min/Max
Trade Size
Margin Percentage Limit and Stop
Levels*
PALL Palladium 0.10000 USD 1 4 10 Troy ounces 1/50 4.5 % 10
PLAT Platinum 0.10000 USD 1 3 10 Troy ounces 1/50 4.5 % 8
Symbol Description Server Time Weekday Monday Open Friday Close
PALL Palladium GMT +3 01:05-23:55 01:05 22:10
PLAT Platinum GMT +3 01:05-23:55 01:05 22:10
Instrument Status Aug
16
Sep
16
Oct
16
Nov
16
Dec
16
Jan
17
Feb
17
Mar
17
Apr
17
May
17
Jun
17
Jul
17
Palladium
(PALL)
Open 26/05/16 29/08/16 28/11/16 24/02/17
Palladium
(PALL)
Close Only 29/08/16 28/11/16 24/02/17
Palladium
(PALL)
Expiry 30/08/16 29/11/16 27/02/17
Platinum
(PLAT)
Open 23/06/16 22/09/16 28/12/16 29/03/17
Platinum
(PLAT)
Close Only 22/09/16 28/12/16 29/03/17
Platinum
(PLAT)
Expiry 23/09/16 29/12/16 30/03/17

* Minimum level for placing Stop Loss and Take Profit orders from a current market price.

** If you leave an open position for the next trading day, you pay or you obtain the certain amount, calculated on the basis of interest rates difference of two currencies in currency pair. This operation is called "swap." In the trading terminal, "swap" is automatically converted into the deposit currency. The operation is conducted at 00.00 (GMT+2 time zone, please note DST may apply) and can take several minutes. From Wednesday to Thursday swap is charged for three days.

*** The average spreads shown here are calculated throughout the day. They tend to be narrower under normal market conditions. However, spreads may widen following important news announcements, during political uncertainty, unexpected events leading to volatile market conditions or at the close of the business day and on weekends when liquidity is lower. When you trade with us Trading Point is your counter-party. Your trades are matched and any next exposure above predefined thresholds is hedged with our partner banks (our liquidity providers) at the current market spread. However, during volatile and illiquid market conditions our liquidity providers quote larger than normal spreads. At such times Trading Point is forced to pass on some of the spread increases to its clients.

The margin requirement for CFDs is calculated like this : Lots * Contract Size * Opening Price * Margin Percentage and not based on the leverage of your trading account.

Margin in CFDs when you are hedged is always 50%.

Calendar dates are indicative and are subject to change.

About Gold and Silver

Due to several extreme price movements, there is an increasing investor interest in trading precious metals. Gold and silver prices have undergone considerable fluctuations caused by political and market sentiment changes, along with the level of supply and demand for these metals.

Unlike most commodities which are mainly dependent on production and consumption levels, gold prices are not. They follow the pulse of political changes and make it possible for gold to function as a hedge against other markets in times of uncertainty. Along with gold, silver is unique: due to its extensive use in various industries, it has a more dynamic price than any other metals.

Gold and silver are both considered to be an asset class, and a great number of investors regard them as stores of value in times of monetary uncertainty, with the anticipation that their price is more likely to withstand economic downturns or crises than any other asset class.

The preference for the purchase and physical ownership of precious metals as long-term investment has increased in recent years. However, it also presents opportunities for those interested in short-term investment because derivatives and exchange-traded contracts are a less capital-intensive and simpler way to take a position on the price movements of gold and silver.

Cookie Policy: XM.COM uses cookies, and by continuing to use the website you consent to this. For more information please read our Cookie Disclosure.