In this article.XMThis section explains the margin and swap points for [gold (gold trading)] in the

XMwell**Completely free demo account version**is available, so you can try it out risk-free.

Also, XM is giving away a $30 trading bonus to anyone who opens a new account!**For more information, visit the official website at**Please check from the following links.

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## What are XM's gold (gold) margin and swap points?

### How to calculate margin for XM gold trading (gold)

The formula for determining the margin requirement for gold (gold) is as follows

Number of lots x contract size (trading unit) x market price ÷ account leverage = margin requirement

Weighing as gold, the unit of measure is the ounce (oz).One ounce is approximately 30 grammes. It should also be calculated in dollars, not in yen.

At XM, you trade in [lots] (not oz) and the value per lot (oz) depends on your account type.1 lot = 100 oz in Standard and Zero accountsbut**my**On a Black account, one hundredth of that amount, 1 lot = 1 oz.This will be the case.

The trading conditions for all three types of XM accounts are as follows

account type | 1rot | leverage |

standard | 100oz. | Up to 888 times |

micro | 1oz | Up to 888 times |

Zero (ZERO) | 100oz. | Up to 500 times |

#### 1 lot of gold and margin requirement

For example, USD 1,600 per ounce (oz).If one US dollar is 110 yen, one ounce (oz) is approximately 176,000 yen.。

At XMTrading, the rule is that 1 lot of gold = 100 oz (for Standard and XM Zero accounts).

For 1x leverage, a margin requirement of JPY 176,000 x 100 = JPY 17.6 million is required.

However, XMTrading allows [888 times] leverage.

19,683 yen for 1 lot = 100 oz, i.e. approximately 20,000 yen. It is possible to trade in the

### XM gold trading (GOLD) spread

In the standard account (micro account), the minimum value was 0.3 and the average value was 0.35. This means that in terms of pips, the minimum is 3 pips and the average is 3.5 pips.

Considering that the dollar-yen is 1.0 to 2.0 pips, this means that the spread is twice as wide. This can be said to be unavoidable because the volatility (price fluctuation) is greater than that of the dollar-yen.

On the other hand, the average spread is 0.21 (2.1 pips) even for the very narrow [XM Zero account].

Although CFDs are often considered unsuitable for short-term trading, they are surprisingly suitable for scalping and day trading.

This is because CFDs are characterised by violent price movements in the short to medium term. However, the wide spreads in short-term trading are only a disadvantage.

### Swap points for XM gold transactions

When trading GOLD on XM, swap points are accrued daily and awarded or reduced at midnight XM server time. In Japan time, this is 7am for winter time and 6am for summer time.

Swap points are also generated on Saturdays and Sundays, but since XM is closed on Saturdays and Sundays, two days' worth of swap points are reflected on Wednesday in advance. This means that swap points are reflected three times on Wednesday.

GOLD swap points are negative whether selling or buying, but selling is cheaper.

buy-swap | selling swap | |

swap point | -5.31 | -0.02 |

Japanese Yen equivalent | -650 yen. | -2 yen. |

### Reputations and reviews of XM gold trading

The online reputation of XM gold trading shows that only intermediate and above traders are actually doing it.

The impression is that cash trading is different from forex currency trading and is therefore considerably more difficult for beginners to trade.

XM is a $1000 deposit, so it is about $690 positive. I will manage it in the future so that it does not become a deposit freezing method. The only positives I have are short gold and long USD/JPY. pic.twitter.com/WMiu6Xor3I

- Pseudo (@okuritai4) May 22, 2020

Charts are easy to read XM. I often look at the charts XM too.

XM is only occasionally playing Gold, Nikkei Average, etc.- Nobu Nobu @1970 (@my_life1970) 26 May 2020

While I was sleeping in the evening, Bitcoin was up in a tizzy.

- Wildcat trader & long-term investment🐶🐱 (@ye4yn) May 27, 2020

One, liberation.

Meanwhile, it looks like Gold has finally fallen.

If it breaks 1,700, I would get rid of some more bits and buy gold.

I was thinking of using iforex as an account for some long-term perspective and using XM as a trading account.

↓arrow (mark or symbol)

Click here for the official XM website.

*Now we're giving away a $30 bonus!

## summary

In this article.XMMargin and swap points for [gold (gold trading)] of the

XMwell**Completely free demo account version**is available, so you can try it out risk-free.

Also, XM is giving away a $30 trading bonus to anyone who opens a new account!**For more information, visit the official website at**Please check from the following links.

↓arrow (mark or symbol)

Click here for the official XM website.

*Now we're giving away a $30 bonus!