Effective May 1, 2026, new Gold positions opened during designated pre-close windows are capped at 200:1. Silver remains subject to its normal maximum of 100:1 and is not increased to 200:1.
How Does the Policy Apply to Gold and Silver?
Gold and Silver have different normal maximum leverage. The 200:1 pre-close cap is a ceiling for Gold; it does not override or increase Silver’s lower product maximum.
Instrument | Normal maximum | Pre-close treatment | Maximum during the window |
Gold (XAU) | Up to 500:1; it may be lower under applicable account rules | Capped at 200:1 | The lower of the applicable account leverage and 200:1 |
Silver (XAG) | Up to 100:1 | No increase or further reduction under this 200:1 cap | The lower of the applicable account leverage and 100:1 |
The 200:1 figure is a ceiling, not a guaranteed leverage setting. It never increases a lower product or account limit.
When Do the Pre-Close Windows Apply?
Trading day | Pre-close window | New Gold positions | New Silver positions |
Monday to Thursday | Final 60 minutes before the daily market close | Maximum 200:1 | Maximum 100:1 (unchanged) |
Friday | Final 120 minutes before the weekly market close | Maximum 200:1 | Maximum 100:1 (unchanged) |
How Is Effective Leverage Determined?
For a new position opened during a designated window, the system applies the lowest applicable limit under the product, account and pre-close rules.
Examples:
Gold with higher account leverage: If the account leverage is 500:1 and a new Gold position is opened during the restricted window, the position is capped at 200:1.
Gold with lower account leverage: If the account leverage is 100:1 and a new Gold position is opened during the restricted window, the position remains at 100:1.
Silver: Even if the account leverage is higher than 200:1, Silver remains subject to its product maximum of 100:1. The pre-close policy does not increase Silver to 200:1.
Which Positions Are Affected?
Applicable positions: Only new positions opened within the designated windows are covered by this pre-close policy.
Existing positions: Positions opened before a restricted window begins are not affected, and their margin requirements remain unchanged.
Effective date: This policy has been effective since May 1, 2026.
Separate temporary leverage policy from 1 September 2026
The temporary leverage policy takes effect on 1 September 2026 at 00:00 (GMT+3). Temporary limits are separate from normal dynamic leverage and the existing pre-close policy.
It covers all four types of trading accounts on MT4 and MT5, as well as Social Trading Signal accounts and Funds Management accounts. Accounts under the ASIC entity are excluded from this policy.
For designated news, the standard window is 15 minutes before to 15 minutes after release: new XAUUSD/XAUEUR positions have a maximum of 1:200; XAGUSD remains at 1:100. Normal Gold and Silver product maximums remain 1:500 and 1:100 respectively.
The restriction applies to new positions opened within its window. Closing one side of a hedge can also create uncovered volume requiring margin under the rules applicable at that time. Existing positions are not repriced solely because the news window starts. However, closing one side of a hedge leaves uncovered volume whose margin is calculated under the rules applicable then; the remaining position is not a new position. Lower applicable limits still prevail. Normal dynamic leverage and the separate pre-close rules remain distinct.
Subject to applicable law and account terms, FXTRADING.com may make temporary changes at any time its Trading Team considers necessary. Check the latest applicable official notice and current conditions; do not infer an active restriction or automatic restoration from an account's displayed maximum.
Related Information
For normal product leverage and account-equity reductions, see Understanding Dynamic Leverage Limits.
What happens to margin when I close one side of a hedge?
Closing one side of a full hedge leaves the other side uncovered. For example, after closing the sell side of a 1-lot buy and 1-lot sell in the same instrument, the remaining 1-lot buy requires margin immediately under the leverage and margin rules applicable at that time. This is margin on the position left open, not a newly opened position. A partial closure can also leave some volume uncovered.
The same principle applies during a designated news window, from 15 minutes before to 15 minutes after release. If you close one side then, the remaining uncovered volume uses the margin and leverage applicable then. A lower leverage limit can require more margin. The temporary policy's account and entity exclusions, affected products and lower limits still apply; this does not place every product at 1:200.
An increase in used margin can reduce free margin and margin level even though you closed a position. If the account reaches its applicable stop-out level, positions may be closed automatically. A reduction in free margin alone does not establish that stop-out must occur. Zero hedged margin does not remove spreads, swaps, commissions, price-gap or stop-out risk. Review the remaining exposure and applicable conditions before submitting a closure; after execution, check the account's displayed margin figures.