Unlock the Full Potential of Metal Trading with the Best Global Multi-Asset Broker.
TRADE METALS WITH THE BEST ONLINE TRADING PLATFORM
Welcome to the world of metals trading with XS. Discover the vast possibilities of trading metals with XS, where you can trade CFDs on gold, silver, platinum, palladium, steel, and other metals with an award-winning broker. XS offers a seamless platform for exploring spot metals trading, allowing you to capitalize on new trading opportunities.
METALS TRADING WITH XS: CONTRACT SPECIFICATIONS
XS offers access to a wide range of metals, including Gold, Silver, Platinum, & Palladium. Plan your trades with confidence and optimize your metal trading experience by utilizing our detailed contract specifications. Explore our comprehensive contract specifications and gain a deeper understanding of our exceptional trading conditions including contract size, leverage, spreads, commissions, swaps, and more for different account types.
METALS TRADING WITH XS: TRADING CONDITIONS
Normal Trading Hours
Normal trading hours refer to the regular trading sessions available for trading. The below shows the normal trading hours for metal pairs available for trading with XS.
Seasonal and market factors may affect the below trading hours, so it is important to follow the latest updates on the Trading Hours page to stay up to date with the latest seasonal changes to trading hours. All timings are in server time (GMT+2).
XAU, XAG, XPD & XPT Pairs : Monday 01:05 – Friday 23:55
(Daily Break: 00:00 – 00:59)
XS.com offers a floating spread on all metal products for all account types. Hence the spreads in the contract specifications table are the average spread based on the previous trading day. For live spreads, please refer to the trading platform. Please note that spreads may widen when the markets experience lower liquidity, including rollover time.
XS.com offers a variety of trading accounts to suit each trader’s needs and preferences. We offer accounts with raw pricing on which additional commissions are charged. Other account types have no commission but instead have mark-ups incorporated in the prices. By default, the chart in the MetaTrader trading platforms will display the raw pricing, while the market watch will display the pricing of the account type that the client is trading on.
Swap long is used for keeping buy positions open overnight, and Swap short is used for keeping sell positions open overnight. Swaps occur at 00:00 Server Time each day, excluding the weekend, until the position is closed. Triple swaps are charged on Wednesdays to cover financing costs incurred over the weekend.
XS.com offers dynamic leverage on metals on most account types. The leverage values in the contract specifications table are the maximum leverage for each trading instrument. The maximum leverage will change based on your net open positions. For more details, please check the Dynamic Leverage page.
XS.com offers fixed leverage on metals on some account types. In this case, the maximum leverage displayed in the contract specifications table will NOT change based on your net open positions. The fixed leverage applies to Cent & Mirco account types
Higher Margin Requirements Periods
We apply risk management measures to protect positions from possible high volatility during key events and specific time periods that impact the general volatility of the market.
Higher amounts of margin are required to open an order during these periods which are known as HMR (higher margin requirements) periods. The higher margin requirements will apply only to positions that are opened within these periods. The margin requirements of existing positions will not be affected.
Closing an open hedged position during HMR periods can fail if there is insufficient free margin to cover the higher margin requirements, specifically the higher margin requirements on the latter half of a hedged order at the time of closing. The HMR periods include:
Economic News Periods: All forex trading that happens from 15 minutes before major news releases until 10 minutes after will be subject to higher margin requirements.
Weekends & Holidays: All forex trading that happens from and 2 hours before markets closing on Friday and for 1 hour after market opening on Monday will be subject to higher margin requirements. The same rule applies to Trading Holidays.
Stop level is the minimum distance (difference in pips) between the current market price and the pending order price. The stop level values in the contract specifications table are subject to change and may not be available for traders using certain high-frequency trading strategies or Expert Advisors.