Metals
Trade metals and diversify your portfolio across gold, silver and more. Get consistently low spreads plus fast and reliable execution.
Account
Execution type
Market
Symbol | Avg. spread pips | Commission per lot/side | Margin 1:2000 | Long swap pips | Short swap pips | Stop level pips |
|---|
Trading hours
| Instrument | Open | Close |
|---|---|---|
| XAU, XAG | Sunday 22:05 | Friday 20:59 |
Daily break 20:59-22:01 | ||
| XPDUSD, XPTUSD | Sunday 22:10 | Friday 20:59 |
Daily break 20:59-22:05 | ||
Spreads
Spreads are always floating. Because of this, the spreads in the above table are averages based on the previous trading day. For live spreads, please refer to the trading platform.
Our lowest spreads are on Zero account and remain fixed at 0.0 pips for 95% of the trading day. These instruments are marked with an asterisk in the table.
Swaps
Swap is the interest that is applied to all metals trading positions that are left open overnight. It is credited to or withdrawn from your trading account at 22:00 GMT+0 each day excluding the weekend until the position is closed.
Triple swaps are charged on Wednesdays to cover costs incurred over the weekend.
If you are a resident of a Muslim country, all accounts are automatically swap-free.
Fixed margin requirements
Margin requirements for XPT (platinum) and XPD (palladium) pairs always remain fixed with a leverage of 1:100.
Dynamic margin requirements
Margin requirements are tied to the rate of leverage you use. Changing your leverage will cause margin requirements on XAU (gold) and XAG (silver) pairs to change.
Just as spreads change depending on conditions, the leverage available to you can also vary. This can happen for a number of reasons:
Equity
The maximum leverage that you can use on your account depends on your account’s equity:
| Equity, USD | Maximum leverage |
|---|---|
| 0 – 999 | 1:Unlimited |
| 0 – 4,999 | 1:2000 |
| 5,000 – 29,999 | 1:1000 |
| 30,000 or more | 1:500 |
Equity
The maximum leverage that you can use on your account depends on your account’s equity:
| Equity, USD | Maximum leverage |
|---|---|
| 0 – 999 | 1:Unlimited |
| 0 – 4,999 | 1:2000 |
| 5,000 – 29,999 | 1:1000 |
| 30,000 or more | 1:500 |
Economic news
Around the release of relevant high-impact economic news, new positions on XAU and XAG pairs are limited to 1:200 leverage. This applies from 15 minutes before the news release to 5 minutes after.
You can find out when major economic news is due for release on our Economic Calendar.
Economic news
Around the release of relevant high-impact economic news, new positions on XAU and XAG pairs are limited to 1:200 leverage. This applies from 15 minutes before the news release to 5 minutes after.
You can find out when major economic news is due for release on our Economic Calendar.
Weekends and holidays
The same higher margin requirements also apply three hours before a market closes and one hour before it opens in winter or two hours before in summer.
When there is a change in margin requirements due to holidays, we will inform you via email.
Weekends and holidays
The same higher margin requirements also apply three hours before a market closes and one hour before it opens in winter or two hours before in summer.
When there is a change in margin requirements due to holidays, we will inform you via email.
Daily breaks
All new XAU positions opened in the 30 minutes before the daily break will be subject to increased margin requirements with leverage being capped at 1:1000.
Read more about the changes in margin requirements in the FAQ below.
Daily breaks
All new XAU positions opened in the 30 minutes before the daily break will be subject to increased margin requirements with leverage being capped at 1:1000.
Read more about the changes in margin requirements in the FAQ below.
Frequently asked questions
Here are our most frequently asked questions about trading metals with Exness.
How do your margin requirements work?
Like our spreads, our margin requirements for XAU and XAG are also dynamic and change under some circumstances:
Around important news
Around weekends and holidays
Around daily trading breaks
When your equity changes
Why are there higher margin requirements around news?
When important news is released, significant volatility and gaps can occur. Using high leverage in a highly volatile market is risky because sudden movements can result in larger losses. That’s why we cap leverage at 1:200 during news releases for all new positions for instruments impacted.
What are your rules for pending orders, stop loss (SL), and take profit (TP)?
The following rules apply when it comes to setting levels for pending orders:
Pending orders along with SL and TP (for pending orders) must be set at a distance (at least the same as current spread or more) from the current market price.
SL and TP in pending orders must be set at least the same distance from the order price as the current spread.
For open positions, SL and TP must be set at a distance from the current market price which is at least the same as that of the current spread.
How do you deal with price gaps?
At Exness, we know how it feels when your pending order falls in a price gap, so it’s only fair that we guarantee no slippage for virtually all pending orders that are executed at least 3 hours after trading opens for an instrument. However, if your order meets any of the following criteria, it will be executed at the first market quote that follows the gap:
If your pending order is executed in market conditions that are not normal, such as during a period of low liquidity or high volatility.
If your pending order falls in a gap but the difference in pips between the first market quote (after the gap) and the requested price of the order is equal to or exceeds a certain number of pips (gap level value) for a particular instrument.
Gap level regulation applies to specific trading instruments.
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