Yes, there are overnight holding costs on Metal CFDs. A swap charge is applied to any open Metal CFD position held past 00:00 MetaTrader server time. The server’s UTC offset differs between winter and summer time, and the exact transition dates vary each year. Swap rates can vary based on several factors:
Key Factors Affecting Metal CFD Swap Rates:
Position Direction: Different rates apply for long (buy) versus short (sell) positions
Trade Size: Larger positions typically incur proportionally higher swap charges
Underlying Interest Rates: Changes in global interest rates affect swap charges
Day of the Week: Wednesday typically incurs a triple swap charge to account for weekend holding costs
Specific Metal: Different metals (Gold, Silver, Platinum, etc.) have different swap rates
How to Check Metal CFD Swap Rates:
Open your MetaTrader platform
Right-click on the metal symbol in Market Watch
Select "Specification"
Scroll down to find "Swap Long" and "Swap Short" values
Remember that a negative swap value represents a cost to your account, while a positive value means you receive payment. For Metal CFDs, swap charges are typically negative for both long and short positions, though this can vary.
The FXTRADING.com Client Portal also provides detailed information about current swap rates for all tradable metals in the specifications section.