English
Transaction Terms
GD Markets Global centrally explains the trading environment, spreads, trading hours and overnight interest to help traders understand the execution quality, transaction costs, market opening hours and overnight costs of holding positions before placing orders.
Four core columns that need to be confirmed before placing an order
Refer to the content structure of the trading terms, spreads, trading hours and overnight interest pages to gather the information that traders check most often into one clear page.
Trading environmentExecution Quality, Leverage Margin, Product Range and Raw Pricing Conditions.
SpreadKey product spreads, Raw Spread description and account commission structure.
Transaction timeTrading hours for FX, commodities, indices, stocks, cryptocurrencies and more.
Overnight interestOvernight holding cost, triple overnight interest and platform viewing method.
Trading environment
GD Markets Global’s trading environment is geared towards traders who require low spreads, fast execution and transparent conditions. The price source aggregates bank and non-bank liquidity providers and works with low-latency servers to help traders execute trades at more competitive prices.
The Raw Pricing environment emphasizes market depth and order execution quality and is suitable for day traders, scalpers, and clients using EA automated strategies.
Spreads and commissions
Spreads vary with market liquidity, trading session, volatility and product category. ECN Professional offers raw spreads and charges trading costs through transparent commissions.
| Product category | Representative varieties | Typical instructions | Cost reminder |
|---|---|---|---|
| Foreign exchange | EURUSD、GBPUSD、USDJPY | ECN Spreads on major currency pairs can be as low as 0.0 pips | Additional commission is charged for ECN account |
| Precious metals | XAUUSD、XAGUSD | Spreads change with market fluctuations and liquidity | Pay attention to swaps when holding overnight positions |
| Index | US500、NAS100、GER40、HK50 | Spreads and trading sessions are set by index product | Commission-free for some products |
| Cryptocurrency | BTCUSD、ETHUSD、XRPUSD | Highly volatile products, spreads may change rapidly | Focus on controlling positions and margins |
Commission-free, spreads as low as 0.8 pips, minimum deposit ＄100.
Billed per lot, per side, spreads as low as 0.0 pips, minimum deposit ＄300.
The account opening fee is US＄0, and the rebate is calculated based on the number of trading lots of the recommended customers.
Transaction time
Different products are open based on global markets, exchange hours, and server times. Trading hours may be adjusted due to holidays, daylight saving time and liquidity arrangements. The actual time is subject to the platform display.
| Product category | Typical trading hours | Precautions |
|---|---|---|
| Currency pair | Server time is open Monday to close Friday, usually closer to 24/5 | Liquidity may decrease before market close on Friday and spreads may widen. |
| Precious metals | Usually close to 24 hours trading on weekdays, there may be short market breaks in between | The specific time periods for gold and silver are subject to platform specifications. |
| Soft commodities | According to relevant exchange session | Daytime market closures and holiday arrangements may affect order placement. |
| Index | By regional exchange and futures market session | The US, European, and Asian index periods are different. |
| Cryptocurrency | Some products can be traded 24 hours a day, 7 days a week | Maintenance windows and market exceptions may affect tradable status. |
| Stock | By listing exchange session | The time zones of exchanges such as Australia, New York, Nasdaq, and Hong Kong are different. |
| Bonds and Futures | By contract and exchange session | Please confirm the opening, closing and closing times in the platform product specifications. |
Tip: You can also open the product specifications in the MetaTrader or cTrader trading terminal to view the latest trading hours.
Overnight interest rate
Foreign exchange overnight interest, also known as overnight interest or swap, is the interest that may be paid or received when a position is held overnight. The overnight interest rate depends on the interest rate difference between the two currencies, the position direction, and the financing rules of the product itself.
Regarding overnight interest, you should know:
- Only when the position crosses the overnight settlement time specified by the platform, overnight interest will be generated.
- Some currency pairs may have negative values in both the long and short directions.
- Overnight interest is usually calculated in points, and the platform will automatically convert it into the account base currency.
- Each product has independent long and short swap standards.
- On Wednesday night, FX, metals and bonds typically settle at triple swaps; on Friday night, stocks, energy, indices and cryptocurrencies typically settle at triple swaps.
- Right-click the product in the ”Market Observation” of the platform and select ”Specifications” to view the long and short overnight interest of the product.
Risk warning
CFDs are leveraged products and may not be suitable for all investors. Leverage and margin requirements may be dynamically adjusted based on account equity, product category and market conditions. Please confirm product specifications, spreads, commissions, trading hours, overnight interest rates and risk tolerance before trading.
Ready to compare deal terms?
Before selecting a platform and account, confirm the complete trading conditions.
Start with the trading environment, spreads, trading hours and swaps before choosing between MT5, cTrader or TradingView.