Precious Metals Trading Rules

Transaction types: Loco London Gold, Loco London Silver

Trading Hours:

Monday to Saturday from 8:00 am to 4:00 am (Daylight Saving Time) or 8:00 am Monday to Saturday 5:00 am (winter time). Market holidays will notice.

Per contract Unit: 100 ounces (London gold) 5000 oz (London silver)

Quote Spreads: With market conditions, the London gold is generally $ 0.5, the London silver is generally $ 0.04

Margin per contract: $ 1,000 (London gold), $ 3,000 (London silver)

Margin per contract over the city: $ 2,000 (London gold), $ 5,000 (London silver)

Profit and loss calculation:

(Selling price - purchase price) × contract unit × number of contracts + Interest - Fee = breakeven

Limit Order:

Set a limit order to be at least $ 2 from the current market price (London gold), $ 0.2 (London silver).

Interest Policy:

In the day-end, all open positions will be automatically transferred to the next day, all go to the next day's open interest, interest payable or received their will into the number to your account, the interest rate will be based on market and decision and announcement in our system. The gap between long-term interest rates are 3% a variety of products annually.

Margin Call system:

Customers are responsible for knowing their positions in the account and deposit the situation.

Ⅰ.Margin less than 70%, the need margin;
Ⅱ.Margin less than 10%, with the first single to be strong approach level until sufficient funds so far.
Example: Suppose today Thursday, on Wednesday, opening a new 5 lots of London gold more than a single week, a one hand opening a new London gold more than a single bond totaling $ 6,000, less than the amount of real memory if the current account $ 600 (10%), will first open a single advanced field goes, is the first Wednesday of the hands of the London gold goes five strong level.
Note: If the market too quickly, may not be able to perform at less than 10% immediately strong level, which may occur after the liquidation amount of existential ≤10%, the customer is necessary to understand this beyond the control of the Company.
Ⅲ.When Friday and holiday closing bullion single handedly need $ 2,000 deposit (London silver needed $ 5,000 deposit). If the account is less than the corresponding net worth clients margin over the market, the company will be the closing price for the customer to reduce positions (with the first single to be strong approach level) account until the customer has sufficient net margin over the market.
Example: Suppose today Thursday, on Wednesday, opening a new 5 lots of London gold more than a single week, a one hand opening a new London gold more than a single bond totaling $ 12,000, less than the amount of real memory if the current account $ 12,000, will first open a single advanced field goes, is the first Wednesday of the hands of the London gold goes five strong level.