Trade Spot Metals
Trade Gold, Silver and a range of other Metals while benefiting from fast execution and the lowest spreads available.
Spot Metals Instruments
The margin requirement for Gold and Silver is calculated like this: Lots * Contract Size * Market Price * Margin Percentage
* The average spreads indicated here are calculated throughout the day. They tend to be narrower under normal market conditions. However, spreads may widen as a result of important news announcements, during political uncertainty, because of unexpected events that can lead to volatile market conditions, or at the close of the business day, or at the weekends when liquidity is lower. When you trade at our company, Trading Point is your counter-party. Your trades are matched and any additional exposure above the predefined thresholds is hedged with our liquidity providers at the current market spread. However, during volatile and illiquid market conditions our liquidity providers quote spreads larger than normal. At such times, Trading Point is forced to pass on some of the spread increases to its clients.
** 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.
*** Min. level for placing pending orders at a current market price.
(GMT+2 time zone, please note DST may apply)
Monday – Thursday: 01:05 – 23:55
Friday: 01:05 – 23:50
Other Metals
| Symbol | Key Information Document | 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 | Info | Palladium | 0.01000 | USD 0.1 | 10.01 | 10 Troy ounces | 1/45 | 4.5 % | 0 |
| PLAT | Info | Platinum | 0.01000 | USD 0.1 | 4.25 | 10 Troy ounces | 1/100 | 4.5 % | 0 |
The margin requirement for CFDs is calculated like this : Lots x Contract Size x Opening Price x Margin Percentage and not based on the leverage of your trading account.
The margin is always 50% when you hedge positions on CFDs and if your margin level is over 100%.
*** Min. level for placing pending orders at a current market price.
Please note that our Company does not offer automatic rollover for new contracts of financial instruments that have an expiration date.
| Symbol | Description | Server Time | Weekday | Monday Open | Friday Close |
|---|---|---|---|---|---|
| PALL | Palladium | GMT +3 | 01:05-23:55 | 01:05 | 23:10 |
| PLAT | Platinum | GMT +3 | 01:05-23:55 | 01:05 | 23:10 |
Please note that our Company does not offer automatic rollover for new contracts of financial instruments that have an expiration date.
| Description | Symbol | Available Contract | Open Date | Close Only Date* | Expiry Date* | Contract Months | Contract Expirations** |
|---|---|---|---|---|---|---|---|
| Palladium | PALL | Dec | 2022-08-25 | 2022-11-29 | 2022-11-30 | MAR, JUN, SEP, DEC | Contract Expirations | Platinum | PLAT | Jan | 2022-09-22 | 2022-12-29 | 2022-12-30 | JAN, APR, JUL, OCT | Contract Expirations |
*The Close Only and Expiry Dates may change as we get closer to the actual date. This is due to the rules set by our liquidity providers governing futures contract rolling, and is based on the liquidity of both the active contract and the next to expire. The business day following the open date of the new instrument is the expiry date of the previous contract.
**The Expiry Date will vary each month and is based on our liquidity providers’ rolling schedules and the liquidity of the contracts.
Please note that our Company does not offer automatic rollover for new contracts of financial instruments that have an expiration date.
