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Not only Gold and Silver, Exness also provides a good opportunity to make profits in the metal market with Platinum and Palladium.
As a leading company of financial services, Exness engages Gold, Silver, Platinum, and Palladium in its trading offer formed as currency pairs. The details of trading specifications below describe some reasons why Exness is one of the best brokers to trade precious metals.
Gold (XAU)
Gold Trading in Exness covers four currency pairs, namely XAU/USD, XAU/AUD, XAU/EUR, and XAU/GBP. Each has different details in symbols and how they can be executed on Exness platform.
XAU/USD
XAU/USD is available in the account types of Standard Cent, Standard, Pro, Raw Spread, and Zero. With the Trading Terminals of MT4 and MT5, the execution type for this instrument is Market execution in Standard Cent, Standard, Raw Spread, and Zero, while the Pro account delivers XAU/USD with Instant execution.
The point size equals 0.01 where the contract size is 100 Troy ounces. The respective average spread in points consists of 55 points for Standard Cent, 3.2 points for Standard, 54 points for Pro, 30.2 points for Zero, and 39.4 points in the Raw Spread account. In terms of stop level, XAU/USD has 3 points in Standard Cent, Standard, and Pro, 67.5 points in Raw Spread, and 135 points in Zero account. The Minimum lot size (per position) amounts to 0.01 lot, where the Maximum lot size (per position) is up to 200 lots. With the hedged margin of 0%, the long Swap (in points) is 0.275 and the short Swap is -1.100. The Triple Swap takes place on Wednesday.
XAU/AUD
The respective average spread in points consists of 537.4 points in the Standard account, 335.9 points in Pro, 147.9 points in Zero, and 288.6 points in the Raw Spread account. Relating to the stop level, XAU/AUD holds 40 points in the Standard and Pro accounts. As for the Raw Spread and Zero accounts, this pair has a stop level of 50 points and 100 points respectively. The minimum lot size (per position) amounts to 0.01 lots. Having the hedged margin of 0%, the long Swap (in points) equals 0.275 and the short Swap equals -1.100. The Triple Swap or 3-day Swap takes place on Wednesday.
XAU/EUR
This Gold/Euro pair is supported in Standard, Pro, Raw Spread, and Zero accounts. It is available to trade on both MT4 and MT5 platforms in Exness. Similar to other point sizes of gold pairs before, XAU/EUR's equals 0.01. The contract size is 100 Troy ounces, with the average spread starting from 6.9 points in Zero account. In terms of stop level, Exness sets it at 50 points for the Standard, Pro, and Raw Spread accounts, while the Zero account's stop level for XAU/EUR is at 100 points. Per position, the minimum lot size amounts to 0.01 lot. The long Swap (in points) takes 0.275 and the short Swap -1.100. The hedged margin of 0%, where the Triple Swap takes place on Wednesday.
See also: Swap Comparison in Forex Brokers
XAU/GBP
XAU/GBP trade in Exness encompasses an average spread of 454.2 points in Standard account, 283.9 points in Pro, 127.1 points in Zero, and 237.5 points in the Raw Spread account. Regarding the stop level, XAU/GBP has the same terms as XAU/EUR. With a hedged margin of 0%, the long Swap is 0.275 points and the short Swap is -1.100 points. Regularly, the Triple Swap takes place on Wednesday.
Silver (XAG)
Silver is also an option at Exnesswhich is available in four currency pairs: XAG/USD, XAG/AUD, XAG/EUR, and XAG/GBP. The price of silver is determined by speculation, in addition to supply and demand from large traders or investors, short selling, industrial, consumer, and commercial demand. The following parts will describe the specification of each Silver pair in details.
XAG/USD
XAG/USD or Silver and US Dollar pair shows how much the XAG (base currency) is worth as measured against the USD (counter currency). Running on the Trading Terminals of MT4 and MT5, the pair is available for Market execution (Standard Cent, Standard, Raw Spread, and Zero) and Instant execution (Pro). The point size equals 0.01 where the contract size is 5000 Troy ounces. The respective average spread in points starts from 0.9 in Zero account to 5.4 points in Standard account. With regard to the stop level, Exness has set the limit up to 135 points (Zero account). The minimum lot size (per position) amounts to 0.01 lot, with the hedged margin of 0%, long Swap (in points) 0.275, and the short Swap -1.100. The 3-day Swap or the Triple Swap constantly occurs on Wednesday.
XAG/AUD
XAG/AUD or Silver/Australian Dollar is available on both MT4 and MT5, with the same execution scheme as XAG/USD. The point size is 0.01, and the contract size equals 5000 Troy ounces. The respective average spread in points starts from 7.7 points for traders who apply in Zero account. In terms of stop level, XAG/AUD is set at 10 points in the Zero account. The minimum lot size (per position) amounts to 0.01 lot and the hedged margin is 0%. Meanwhile, the long Swap (in points) is 0.123 and the short Swap is -0.0253. Wednesday is the regular time for the Triple Swap.
XAG/EUR
The Silver Spot Euro, namely XAG/EUR, is available in all Standard, Pro, Raw Spread, and Zero accounts. The respective average spread in points consists starts from 7.5 points for Zero account. Meanwhile, the stop level is set at 50 points in the standard account. XAG/EUR holds the minimum lot size (per position) on 0.01 lot. With the hedged margin of 0%, the long Swap (in points) is -0.2089 and the short Swap is -0.0727. The schedule for the Triple Swap falls on Wednesday.
XAG/GBP
XAG/GBP or Silver Spot British Pound is available on the account types of Standard, Pro, Raw Spread, and Zero. Available on MT4 and MT5, the execution type varies between Market and Instant execution, depending on which account the pair is traded. Average spreads for XAG/GBP points is starts from 6.8 points on Exness Zero account. The minimum lot size (per position) amounts to 0.01 lot. with a hedged margin of 0%. This pair has a long Swap (in points) of -0.2402 and the short Swap of -0.0362. Similar to other pairs, the Triple Swap takes place on Wednesday.
Platinum (XPT)
As one of the most rare and precious metals in the Earth's crust, Platinum may also be traded, not only as a commodity, but also as a trading instrument called XPT/USD. Here's how Exness presents the asset:
The choice of broker is adjusted to the needs of each trader. If you are a trader who only needs a basic platform and trading features with the best attributes, then Exness can be your best choice.
Exness covers its lack of feature variations with other advantages like low spreads starting from only 0.1 pip. This is very suitable for traders who use scalping strategies (Scalper). Spreads on major pairs in certain account types can also be as low as 0.0 pip, depending on market conditions.
Not only that, but traders can also enjoy other advantages such as automatic fund withdrawals. Exness processes the majority of client withdrawals instantly, without manual checks; however, withdrawals may be subject tos depending on the payment provider or method of choice.
The safety of traders' funds is also guaranteed as Exness is one of the European-based STP/ECN brokers. Exness's ability to become an official partner of the Real Madrid soccer team for 3 years, starting July 2017, also provides evidence that the company has high solidity.
Deposits and withdrawals may be made 24 hours a day, 7 days a week. However, it is important to note that the company shall not be liable fors in processing deposits and withdrawals if suchs are caused by the payment system.
Traders do not need to worry about transaction fees when depositing and withdrawing. Exness doesn't charge any transaction fees to traders even though some charges may be incurred depending on the payment provider of choice. A variety of payment methods are provided for traders, including Wire Transfer, Bank Card, Neteller, Skrill, and many others.
The financial reports and metrics on the Exness website are audited quarterly by Deloitte, one of the four largest public accounting firms globally.
Moreover, Exness is one of the mote transparent brokers in the online trading industry. Traders can find out all information about this company on the website, such as trading volume, number of active clients, client deposits, company funds, and many more.
The platforms provided by Exness vary in MetaTrader 4, MetaTrader 5, Web, and Mobile platforms. This makes it easy for traders when trading on Exness, as they can also access Exness platforms anywhere and anytime.
Over the years, Exness has developed into a broker that attracts traders. Trader's trust is further enhanced by its compliance with financial regulations like the FCA and CySEC.
One measure of client confidence can be put on the trading volume. By December 2018, their clients' monthly trading volume reached USD348.4 billion and active traders around the world surpassed 50,342.
Through the program offered by Exness, traders also have the opportunity to earn extra income by becoming their partners. From the Introducing Broker (IB) program, partners can earn up to 33% spread commission from every new client that registers with them.
Additional income can also be obtained from Exness Partners. Traders can get a spread commission of up to 25% per transaction made by traders who register through an affiliate link.
When trading with Exness, clients can also make use of its free VPS hosting services. A VPS (Virtual Private Server) offers increased reliability and stability for traders as they can maintain their trades and expert advisors without interruption in the event of unexpected technical issues, such as internet or electricity downtime.
From the review above, it can be concluded that Exness is a favorite broker for traders because of low spreads and flexible account types. This condition is very suitable for traders with limited funds but is in need of more opportunities to get maximum profit. This broker is also well known for its maximum support on both new and existing partners.
XPT/USD
XPT/USD is offered only on Standard and Pro accounts, fewer than the previous metal pairs. Suffixes for this asset is XPTUSDm (Standard) and XPTUSD (Pro). Exness traders can get Market execution in the Standard account or Instant execution in the Pro account. The point size equals 0.1 where the contract size is 100 Troy ounces. Average spreads in points are 47.4 (Standard) and 45.5 (Pro). The stop level for both accounts is set differently, in which the Standard account is at 41 points while Pro at 26 points. The fixed margin is required at 1% with the hedged margin at 0%. Long Swap (in points) is -0.2 and the short Swap is -1.6. Similar to other types, Triple Swap regularly takes place on Wednesday.
Palladium (XPD)
Palladium (XPD), another rare metal, is commonly utilized in the jewelry, automotive, medicine, and industrial sectors. Despite its scarcity, trading in the form of this currency pair is also possible in Exness as XPD/USD. The detailed specification is in the following description:
XPD/USD
Similar to XPT/USD, Palladium Spot US Dollar or XPD/USD is only available in Standard and Pro accounts. XPD/USD can be traded on MT4 and MT5, with a point size of 0.1 and the contract size of 100 Troy ounces. The spread is 656.8 points for Standard and 389.5 points for Pro. In terms of stop level, XPD/USD is set at 175 points (Standard) and 110 points (Pro). The fixed margin is required at 1% with 0% hedged margin. The long Swap is set at -3.6 points and the short Swap -1.5 points. As other metal pairs in Exness, the Triple Swap of XPD/USD is also scheduled on Wednesday.
You may find details about Swap Fees repeatedly when learning about forex brokers, trading, and currency pairs. If you'd like to learn more about Swap Fees on Exness, don't miss exploring The Easiest Way to Know Your Swap Fee on Exness.
20 Comments
Caylee
Feb 11 2023
I've been trading in forex for a long time, so now I want to try trading in precious metals. This offer from Exness seems interesting, but before that there are a few things I want to ask.
What are the most common precious metals traded in the Forex market? What is the minimum deposit requirement for trading precious metals in Exness? Then what is no less important, can I trade precious metals on margin? these are three points that still stuck in my mind and need some enlightment
Qony
Feb 13 2023
Caylee: Common precious metals are traded in Forex, without a doubt, gold is the most traded metal in Forex. Even its market is highly liquid so it is very possible to do a large amount of transactions such as scalping, which is the most common transaction that traders make in gold trading.
What is the minimum requirement for metal trading at Exness? It's like Forex, starting at $1. And you can get leverage 1:100. It is best to deposit more than $100 to get real trading experience with metals trading.
The trading conditions under which metal trading at Exness are roughly the same as forex trading include Margin, Margin Call, Margin Level, Leverage, Deposit and Two-way Profit. What makes different is the leverage, which is lower than Forex Leverage and it is common not only in Exness but other brokers as well.
Jordi
Feb 14 2023
Caylee: There was one more suggestion for metal trading on Exness. We recommend choosing gold over other commodities as gold is more stable than other assets. Therefore, it is very easy for both beginners and experienced traders to trade. And based on the article, mostly OK and friendly terms are XAU/USD.
The XAU/USD quote is very predictable, so you can easily know the quote without any hassle.
Theo
Feb 14 2023
I must admit that my Forex knowledge is really limited. I mean, I didn't even know there was a currency available to trade with Exness. As far as I know, online gold trading, i.e. gold CFDs, is mainly associated with USD. It stands for XAU/USD. Meanwhile, at Exness, you can trade gold with other pairs like AUD, GBP and EUR. And I just know about that!!
The question that sounding in my mind is : Can i choose to trade with a pair like XAU/AUD, XAU/GBP. and XAU/EUR in my Forex Exness account? And what is the best pair to trade gold if I can choose the currency to go with gold?
Ogura
Feb 14 2023
Theo: Dude, I've never traded with Exness, nor did I know of 'exotic pairs for gold trading'.In my opinion, there are no maturities for EUR, UK and AUS traders in Exness accounts. This means you can choose to trade with them even if you are not based in Europe, Australia or the UK.
But given the choice, I would choose the EUR/USD, the common currency pair. why? Because gold and the US dollar are connected in some way. When gold prices rise, the US dollar falls and vice versa. These factors therefore facilitate market forecasting. On the other hand, when it comes to other currencies, GBP, AUD, and EUR users are more familiar with their home currency, so I think it's better to trade in their own currency.
Please correct me if I'm wrong, thanks!
Lucas
Feb 14 2023
Dude, I need to know how it can be traded with gold. As far as I can tell, trading happens not only because my trade is open until the broker server changes for the day, but also because the benchmark interest occurs in the currency pair. Whereas gold, it has no interest, no rate at all, I mean it's just a precious metal. How can he have interest?
And what pisses me off is that the triple swap not only happens when trading standard Forex, but it also happens when trading gold. What do I mean; what is it? is this some other reason the broker did to take advantage of me? I need an explanation about the triple swap policy!
Eddie
Feb 15 2023
Lucas: About the exchange that happens in gold. I think it was because gold was traded in US dollars. Of course, as you said, currencies have accrued rates and in this case the US dollar also has a reference rate. Also, since we are doing CFDs, we also get swaps. Therefore, it should be noted that the broker's entire offering includes swaps, including CFD stock trading.
Wednesdays are billed at approximately 3x the swap rate. There's a reason for that. This is all because the spot FX contract has a settlement period of his 2 days. For example, a spot forex contract made on Monday will be settled on Wednesday, a trade made on Tuesday will be settled on Thursday, a trade made on Wednesday will be settled on Friday, but a trade made on Thursday will be settled on Thursday. , will be settled on the following Monday. In this example, banks are closed on Saturdays and Sundays, so Thursday's trades were executed over the weekend. The 3x rollover rate applies to positions opened Wednesday at 5:00 pm ET. This is because this time marks the start of his new 24-hour trading day (Thursday).
Please note that swap rates can be negative or positive depending on the currency pair being traded and the prevailing interest rate at the time.
Franc
Mar 20 2023
Based on the currency options available to me (EUR, AUD, and GBP), which one would be the best to trade with XAU on Exness? The currency options on Exness are diverse, not limited to XAU/USD, and include the aforementioned currency pairs. Typically, European traders use EUR, UK traders use GBP, and AUD is used by Australian traders. However, if I am a European trader and want to use GBP as the currency pair for XAU trading, can I switch from XAU/EUR to XAU/GBP?
Davies
Mar 20 2023
The best currency option to trade with XAU on Exness would depend on various factors, such as your trading strategy, risk tolerance, and market conditions. However, as a general rule, it's advisable to choose a currency that is stable and has high liquidity to minimize risk and maximize trading opportunities.
Among the three currency options you mentioned, EUR and GBP are more stable and liquid than AUD. Therefore, if you're a European trader, trading XAU with EUR or GBP would be a better option than using AUD.
Regarding switching from XAU/EUR to XAU/GBP, it's possible to do so on Exness if the platform offers the currency pair. However, you should consider the potential impact of currency fluctuations and market volatility on your trading.
Pedro
Mar 20 2023
Man, Exness offers platinum, and he said it's a precious metal too. This is interesting to me as there are not many brokers that can provide this service. I don't know why other brokers don't offer this metal. And it looks very different from other precious metals.
Okay, so the question is here. If you see the precious metals offered by Exness, namely gold, silver, platinum and palladium, what could be the best investment besides gold and silver?
Meanwhile, can platinum and pladium also be considered safe haven assets? I hope there is an explanation, thank you!
Paul
Mar 20 2023
When it comes to investing in precious metals, it's essential to understand that each metal has its unique characteristics that affect its value and potential as an investment. Besides gold and silver, platinum and palladium are also valuable metals that investors can consider investing in.
Platinum and palladium are both industrial metals that have unique physical and chemical properties, making them valuable in various industries. The primary use of platinum is in the automotive industry, as it is used in catalytic converters to reduce harmful emissions. Palladium is also used in the automotive industry, as well as in electronics, jewelry, and other industrial applications.
In terms of investment potential, both platinum and palladium have experienced significant price increases in recent years due to their increasing demand in industries and limited supply. However, it's important to note that their prices can be more volatile than gold and silver due to their dependence on specific industries and economic conditions.
Regarding safe haven assets, platinum and palladium are generally considered more volatile than gold and silver, which are traditionally viewed as safe haven assets. While they do have some protective properties due to their use in various industries, they are not as universally recognized as safe haven assets as gold and silver.
Aldi
Mar 20 2023
Allow me to add palladium and platinum based info. In times of crisis, people tend to worry about their investments, and they look for assets that can protect them from economic turmoil. Gold and silver are the most commonly recognized safe-haven assets during these times, as they tend to stay the same or appreciate when other assets like stocks or currencies lose value.
On the other hand, platinum and palladium are used more specifically in industries such as automotive and electronics. As a result, their prices can be more volatile and unpredictable than gold and silver in times of crisis. Therefore, while investments in platinum and palladium can be profitable in certain circumstances, they may not offer the same level of security as gold and silver during economic downturns.
Jabed Ibne
Mar 22 2023
Pedro: Platinum and palladium are considered precious metals, just like gold and silver, and they have various industrial and investment uses. As for the best investment besides gold and silver among the precious metals offered by Exness, it depends on several factors, including market conditions, supply and demand, and investor preferences. Platinum is used in the automobile industry, jewelry, and as a catalyst in various industrial applications, while palladium is mostly used in the automobile industry, particularly in catalytic converters. Both metals have been historically more volatile than gold and silver, and therefore, may offer more potential for higher returns, but also come with higher risks. When considering whether platinum and palladium are safe haven assets, it is important to understand the characteristics that define a safe haven asset. Safe haven assets are typically investments that retain their value or even increase in value during times of economic uncertainty, market volatility, or geopolitical tensions. Historically, gold has been the most recognized safe haven asset, but other assets like US Treasuries, the Swiss Franc, and the Japanese Yen have also been considered safe havens during times of market stress. Platinum and palladium have shown some safe haven characteristics in the past, especially during periods of supply disruption, as their prices tend to rise when there are concerns about the availability of these metals. However, they have not been as widely recognized as safe haven assets as gold, and their prices can be impacted by factors such as changes in industrial demand or changes in mining production. Overall, whether or not platinum and palladium can be considered safe haven assets depends on the specific market conditions and factors driving their prices at any given time. Investors should always conduct their own research and carefully consider the risks before making any investment decisions.
Joy Khan
Mar 22 2023
Can you provide me with a detailed explanation of the factors that make Exness stand out as the best broker to trade precious metals? I am particularly interested in understanding the specific advantages that Exness offers over other brokers, such as the quality of its trading platform, the range of available trading instruments, the level of customer service provided, the reliability and transparency of its trading practices, and any other factors that may be relevant. Additionally, I would like to know how Exness compares to other brokers in terms of pricing and fees, as well as the types of accounts and trading conditions it offers to traders who are interested in trading precious metals. Overall, I am looking for a comprehensive analysis of the reasons why Exness has earned a reputation as the top choice for traders who are seeking a reliable, transparent, and profitable trading experience in the precious metals market.
Jackson
Jun 19 2023
@Joy Khan: Sure, let's dive into the factors that make Exness stand out as a top broker for trading precious metals. First and foremost, Exness offers a wide range of precious metals for trading, including gold, silver, platinum, and palladium. This diverse ion allows traders to have a variety of options to choose from based on their trading strategies and preferences.
One of the standout features of Exness is their competitive pricing and low spreads for precious metals. This means that traders can enjoy cost-effective trading and potentially maximize their profits. Additionally, Exness provides transparent pricing with real-time market execution, ensuring fair and accurate trading conditions.
Exness also offers leverage for precious metals trading, allowing traders to amplify their positions and potentially increase their returns. However, it's important to note that leverage can also magnify losses, so proper risk management is crucial.
Another notable aspect of Exness is their advanced trading platforms, such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms are highly regarded in the industry for their user-friendly interfaces, powerful charting tools, and customizable features. Traders can access their precious metals trades on both desktop and mobile devices, providing flexibility and convenience.
Jeremy
Jun 20 2023
In terms of utilization across various industries such as jewelry, automotive, medicine, and industrial sectors, which metal, Palladium (XPD) or Platinum, is considered to have a greater level of usage and demand?
Palladium (XPD), a rare and valuable metal, finds widespread applications in the aforementioned industries. Its unique properties make it suitable for use in jewelry crafting, automotive catalytic converters, medical equipment, and various industrial processes. On the other hand, Platinum, known for its durability and resistance to corrosion, also serves a vital role in similar industries.
Considering the scarcity and desirability of both metals, which one has a higher degree of utilization and preference among manufacturers and consumers in these industries?
Evan
Nov 18 2023
Hey, dude, I'm seriously blown away because I just stumbled upon brokers that let you trade more than just gold and silver. Like, who knew you could dive into the world of platinum and palladium? Especially palladium – that's like finding a unicorn in the trading game. The article spilled the beans that Palladium Spot US Dollar (XPD/USD) is exclusive to Standard and Pro accounts, just like XPT/USD (Platinum/US Dollar).
Now, I'm itching to know why they're keeping platinum and palladium on lockdown for certain accounts. What's the deal? And speaking of deals, I'm torn between MT4 and MT5 for trading these precious metals. Any tips on which one's the real MVP in this game?
Fared
Nov 20 2023
Hey! In my opinion, the restriction on trading platinum and palladium to specific account types is likely due to varying levels of access and privileges associated with those account tiers. Brokers often use different account types to cater to traders with different preferences, experience levels, and trading volumes.
As for choosing between MT4 and MT5, it really depends on your trading preferences. MT5 generally offers more advanced features compared to MT4, such as more timeframes, additional order types, and an economic calendar. However, MT4 is still widely used and has a large community of traders. If you're comfortable with the features provided by MT4 and they meet your trading needs, it might be a solid choice. On the other hand, if you want access to more advanced tools and are open to exploring new features, MT5 could be the way to go. It's always a good idea to try out both platforms and see which one aligns better with your trading style. I suggest you read this article: MT4 or MT5, Which Platform Should You Choose?.
Gareth
Feb 26 2024
If you pay close attention, you'll notice that the article mentions something similar regarding the swap. According to the Exness article, it mentions receiving triple swaps on Wednesdays, which I find quite concerning. From my understanding, many traders are likely to be irritated by the swap fees, feeling they've already paid excessively through spreads and commissions. Additionally, receiving triple swaps would naturally diminish profits. Given this, I'm curious as to why triple swaps are applied.
Grendy
Feb 29 2024
Let me explain to you! The application of triple swaps on Wednesdays, as indicated in the Exness article, is a common practice in the forex market that reflects the dynamics of trade settlement and interest calculations. In the forex market, trades are typically settled on a T+2 basis, meaning transactions executed on Wednesday are settled on Friday. During the weekend, when financial markets are closed, traders are unable to actively manage their positions, resulting in additional holding costs.
On Wednesdays, when trades executed earlier in the week are approaching settlement on Friday, Exness and other brokers often triple the swap rates. This adjustment aims to account for the extended holding period over the weekend, during which traders cannot actively manage their positions. By tripling the swap rates, brokers seek to compensate for the additional interest accrual during the extended holding period, reflecting the opportunity cost associated with holding positions over the weekend.
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