Prices for both gold and silver are currently quoted in USD and EUR. Traders can be leveraged up to 1:200, allowing maximum trading flexibility.
The typical spread on spot gold is at $0.50 per ounce and $0.04 per ounce on spot silver, which are some of the most competitive in the market. A trader can go both long and short on any of the two metals.
The minimum trade size is 10 ounces of gold and 500 ounces of silver.
Swap / Rollover
If a trade is kept open overnight, then there is a swap/rollover cost/income calculated on that position. The cost or income is calculated as the overnight interest rate differential between the two currencies plus the commission charged by the company on which the position is held, depending on the type of the position (long/short). The ’swap’ is charged automatically on the account of the client and is converted into the currency that the account is denominated in. The ‘swap’ is charged at 23:59 server time (GMT+2). From Friday to Monday swap is charged once. From Wednesday to Thursday swap is charged at triple rate.