Metals trading

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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.

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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/GMT+3, depending on DST).

Instrument Session Break

XAU, XAG, XPD & XPT Pairs : Monday 01:05 – Friday 23:55 Daily Break: 00:00 – 00:59

Instrument	Session	Break
XAU, XAG, XPD & XPT Pairs :	Monday 01:05 – Friday 23:55	Daily Break: 00:00 – 00:59

Spreads

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.

Chart prices

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.

Swaps

Swap long is used for keeping buy positions open overnight, and Swap short is used for keeping sell positions open overnight. Swaps occur at 23:59 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.

Dynamic leverage

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.

Higher margin requirements

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.

Fixed leverage

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

Stop level

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.

FAQ

The metals market is a global marketplace for trading various types of metals like precious metals and base metals to speculate on the price of these highly volatile instruments without buying the underlying asset.

Trading metals involves the buying and selling of various precious metals like gold, silver, platinum, and palladium or base metals such as copper and aluminum. Each metal has its unique characteristics and market dynamics.

Precious metals like gold and silver are often considered safe-haven assets, as they tend to retain their value during times of market uncertainty. Traders often turn to these metals as a hedge against inflation and economic volatility.

Base metals such as copper and aluminum are essential for various industries, including construction, electronics, and manufacturing. Trading these metals provides exposure to the global industrial sector and allows traders to capitalize on market trends and demand fluctuations.

Metals prices are influenced by supply and demand factors, including production levels, geopolitical events, economic indicators, and market sentiment. Understanding these dynamics is crucial for informed decision-making in metals trading.