Metals
|
|
---|---|
XAGUSD | XAUUSD |
XPDUSD | XPTUSD |
Instrument | Open | Close |
---|---|---|
XAU, XAG | Sunday 22:05 Daily break 20:59-22:01
|
Friday 20:59 |
XPDUSD, XPTUSD | Sunday 22:10 Daily break 20:59-22:05
|
Friday 20:59 |
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.
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 It is credited to or withdrawn from your trading account at 22:00 GMT+0 each day excluding the weekend until the position is closed.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.
Margin requirements for XPT (platinum) and XPD (palladium) pairs always remain fixed with a leverage of 1:100.
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:
The maximum leverage that you can use on your account depends on your account’s equity:
Equity, USD | Maximum leverage |
---|---|
0 - 9,999 | 1:200 – 1:500 |
10,000 | 1:100 |
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.
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.
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.
Like our spreads, our margin requirements for XAU and XAG are also dynamic and change under some circumstances:
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.
The following rules apply when it comes to setting levels for pending orders:
At RAMI, 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:
Gap level regulation applies to specific trading instruments.
Like our spreads, our margin requirements for XAU and XAG are also dynamic and change under some circumstances:
The following rules apply when it comes to setting levels for pending orders:
At RAMI, 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:
Gap level regulation applies to specific trading instruments.