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: The multi-day rollover day depends on the instrument. Check the current Specification rather than assuming the same day for every instrument.
Specific Metal: Different metals (Gold, Silver, Platinum, etc.) have different swap rates
How to Check Metal CFD Swap Rates:
Open desktop MT4 or MT5 connected to the trading account you want to check.
In Market Watch, right-click the complete metal symbol, including any account-type suffix.
Select Specification.
Review Swap Long, Swap Short, the swap calculation type, and the displayed rollover day or daily multipliers.
Swap Long applies to buy positions; Swap Short applies to sell positions. Read each rate together with its calculation type. MetaTrader can express swap in points, a specified currency or a percentage, depending on the instrument and platform. A displayed rate is therefore not automatically the same cash amount in your account currency. Position volume, contract details and any currency conversion affect the final amount.
MT4 specifications identify the day used for three-day swap. MT5 specifications can show separate multipliers for each day of the week. Check the complete symbol on the intended account rather than assuming that every metal has the same rollover day or factor. To investigate an amount already posted, compare the relevant position or deal history, volume and rollover dates with the applicable specification; a current rate alone does not explain every historical charge.
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.
In Web Trader, select the complete symbol and open Information. The displayed fields can differ from desktop MetaTrader. If directional swap rates or the rollover factor are not shown, check the corresponding desktop MT4/MT5 Specification or ask Customer Support. A missing field does not mean zero cost.