Unlike most commodities, gold is not dominated by production and consumption levels – so far most gold mines continue to be mined and can re-enter the gold market. Therefore, the price of gold is often dominated by global political and economic events and has become a tool for hedging in times of turmoil.
As a precious metal, silver has irreplaceable characteristics in large-scale industrial applications and in the production of jewelry and silver products. Because it is widely used in the electronics industry and as a photographic light-sensitive material, its price fluctuates more than many other metals.
Item | Spot Gold | Spot Silver |
Contract Unit | 100oz/Hand | 5000oz/Hand |
Margin | 1000USD/Hand | 2000USD/Hand |
Lock deposit | $1,000/set (1 set for 1 buy, 1 sell) | $2,000/set (1 set for 1 buy, 1 sell) |
Handling fee | 50USD/Hand | |
Quote spread | 0.5 USD / ounce (floating) | 0.05 USD / ounce (floating) |
Limit order must be from market price | 3.0 USD (floating) | 0.3 USD (floating) |
Position overnight interest | Gold (long/short) unified charge of $3 / hand / day. Silver (long/short) Unified charge of $6 / hand / day. Wednesday is big interest day. Hold overnight on Wednesday will be charged 3 days interest. Hold overnight on weekends free of charge. | |
Set Time | Summer Time: System time is 00:00 daily (5:00 am Hong Kong time) | |
Winter Time: System time is 00:00 daily (6:00 am Hong Kong time) | ||
Due to the settlement factor, trading will be suspended from 05:00-06:00 (Summer Time) and 06:00-07:00 (Winter Time) in HK time | ||
Commodity Trading Time | Summer Time: System time Monday 03:00 to Friday 22:30 (Hong Kong time Monday 08:00 to Saturday 03:30) | |
Winter Time: System time Monday 02:00 to Frida 21:30 (Hong Kong time Monday 08:00 to Saturday 03:30) | ||
Pending order (including stop loss, take profit) effective time | Valid on the day (Reset every other day) | |
If the funds are insuffiecient during the trading hours, the processing method of the open position | Forcibly closing the position, when the margin ratio is ≤ 30%, the system will automatically close the warehouse receipt with the largest loss until the margin ratio is >30%. | |
Note: If the market is too fast and too large, the system may not be able to perform the liquidation immediately when the margin ratio is ≤ 30%. Therefore, the net value after closing the position may be significantly lower than 30% of the occupied margin or a negative value. Understand that this non-system can control. | ||
Forcibly closing the position, holding the position of the market | Mainly to help you avoid losses that exceed the principal invested. At the same time, as an added safeguard, we provide account deficit protection (ie, when your account has a negative balance due to forced liquidation, we contribute to make up the negative balance of your loss) and protect traders from potential financial losses. | |
In the case of a market opening or an abnormal market, when the order level falls into the price gap caused by the market price jump, the order will be executed as follows. | a) When the "Stop Loss" or "Take Profit" position falls into the price gap, follow the first available price after the price gap and add the note [sl/gap] or [tp/ Gap]; | |
b) "Buy Stop", "Sell Stop", "Buy Limit", "Sell Limit", pending orders are executed at the first available price after the price gap, and add the note [started/gap]; | ||
It should be noted that conditional orders may not limit your losses. | ||
Remarks | The maximum number of trades per lot is 30 lots, with a maximum of 30 orders (including pending orders). |