Trading Guidelines (Precious Metals)
Overnight Interest and Fee
At daily settlement, all open positions will be automatically carried over to the next day. Any interest receivable or payable for those positions carried over will be automatically settled in the client's account. The interest amount is subject to change based on market rates and supply-demand conditions. (After Friday's trading hours, if there are still open positions in the client's account, three days' interest—receivable or payable—will be calculated/applied.)
The daily interest calculation formula for spot trading products: Daily Swap Points × Point Value ( 100 × 0.01 = 1 USD ) × Number of Lots
A client buys 2 lots of XAUUSD (spot gold) contract and closes the position after one day. The daily swap point for buying XAUUSD is -32: -32 × 1 USD × 2 = -64 USD ( interest payable by the client )