Zero Swap
on Gold and Silver, Spot and Futures — in one account.
Open Precious Metals Account
Gold SpotGold FuturesSilver SpotSilver Futures
Built for professionals managing metal exposure
Managing an ongoing position over time
Maintain Gold or Silver exposure across spot and futures over extended periods, adjusting as your outlook develops.
Protecting the value of a physical metals business
Offset the value of physical metal holdings against price movement using a corresponding futures position.
Running a systematic or technical strategy
Execute rules-based approaches across spot and futures on gold and silver from one shared-margin account.
See what holding cost looks like elsewhere.
*Illustrative, based on published fee ranges of $50–58/lot/night at major swap-free accounts after their grace period. Not a quote from any specific provider.
Commission per lot applies. Rollover executed by you under the account's rollover cycle — see Specifications.
Specifications
Four instruments, one account, free swap under a managed rollover cycle.
Free swap applies while the Minimum Equity Maintenance Requirement is met. See FAQ for full conditions.
Open Precious Metals AccountFrequently asked questions
What is the Precious Metals Account?
A specialized account for trading Gold Spot, Gold Futures, Silver Spot, and Silver Futures under a swap-free model, all within a single trading account.
Who can open the Precious Metals Account?
Both individual and corporate/business clients, subject to PCX's standard onboarding, KYC, and (for corporate applicants) KYB requirements.
What's the minimum deposit to open a Precious Metals Account?
The minimum initial deposit required to open a Precious Metals Account is USD 5,000.
What leverage options are available?
Clients choose one Leverage Tier at account opening: 1:10 or 1:25. The selected leverage determines the applicable Swap Rollover Period.
What is the Swap-Free Benefit?
The Swap-Free Benefit allows eligible positions to remain free from overnight swap charges, subject to continued compliance with all applicable Precious Metals Account requirements.
What is a Swap Rollover?
A Swap Rollover is the manual closing and reopening of an open position to continue receiving the Swap-Free Benefit. This process must be completed by the Client before the applicable Swap Rollover Period expires.
What happens if I miss the Swap Rollover deadline?
If you do not complete a Swap Rollover before the applicable Swap Rollover Period expires:
- The affected position will no longer qualify for the Swap-Free Benefit.
- Standard overnight swap charges may be applied to that position in accordance with the Precious Metals Account Terms and Conditions.
- Other eligible positions remain unaffected, provided those positions continue to satisfy the applicable requirements.
What is a Contract Rollover?
A Contract Rollover applies only to Futures Contracts. It involves closing the current Futures Contract before expiry and opening a new position in the next available Futures Contract.
Is there a minimum equity requirement to maintain the Swap-Free Benefit?
Yes. To remain eligible for the Swap-Free Benefit, your Account equity must remain at or above USD 5,000 after any withdrawal. A decrease in equity caused solely by trading losses will not affect your eligibility for the Swap-Free Benefit.
What happens if my account equity drops below the Minimum Equity Maintenance Requirement?
If a withdrawal causes your Account equity to fall below USD 5,000, PCX may notify you and provide up to three (3) calendar days to restore your Account equity.
- If the required equity is restored within the allowed period, your Swap-Free Benefit will continue.
- If the required equity is not restored within the allowed period, PCX may suspend or withdraw your Swap-Free Benefit.