Interest
London gold is determined by market interest rate
London silver is determined by market interest rate
Contract unit / per hand
London gold 100 ounces per hand
London silver 5,000 ounces per hand
Lowest price volatility
London gold $0.01 per ounce
London silver $0.01 per ounce
Margin (per hand)

London Gold is 2% of the value of each hand
London Silver is 3% of the value of each hand

Trading limit / Stop loss order

London gold is accepted at a price beyond $3 from the market price.
London Silver accepts orders beyond $0.25 from the market price

All limit orders will be automatically cancelled after the close of Friday
(In case of high market volatility, the limit order setting may become floating)
Trading time (Beijing time)

Trading hours: The trading lasts from 7:15 am every Monday to 4:00 am on Saturdays.

Under normal circumstances, most of the US economic data release period is after 20:30 of each trading day, and at this period the market has the biggest fluctuations. Besides, 15:00 and 00:00 are also relatively active trading hours.

Note: Tuesday to Friday from 4:00 am to 4:20 am is the settlement time. On Saturday it is 3:00 (summer time) and 04:00 (winter time). It is not possible to trade (except international holidays).

When is the transaction settled every day?
At the end of the day, all open positions will be automatically transferred to the next day. Concerning all open positions will be transferred to the next day, the customer has to pay an interest. The interest will be calculated on Wednesday, and the interest will be deducted from the customer's account.

London gold: multiple orders 2.50%; empty orders 0.50%
London silver: multiple orders 4.50%; empty orders 1.50%

The interest rate will be determined according to the market and announced in the system. Position overnight: All overnight positions are subject to a certain amount of interest, which will be charged in accordance with international banking practice and will be reflected in the client's trading account in Hong Kong time on the next business day. The settlement time is from 4:00 am to 4:20 from Tuesday to Friday, and it is at 03:00 (summer time) and 04:00 (winter time) on Saturday.
Skip and close the position
All limit orders or stop orders may make a deal at a high price or break the price

When the account net value is less than 20% of the occupied funds, the system will force a close out.

Spreads / ounces

London gold is $0.50 per ounce
London silver is $0.04 per ounce

Affected by the volatility and liquidity of the trading market, when the market is volatile or the market liquidity is insufficient, the market risk will increase. In order to reduce the risk generated by the market fluctuations experienced by customers, the platform gold trading spread of the company will be widened to 0.7 US dollars; London silver trading spread will be extended to 0.05 US dollars.

Spread widening will occur in the following situations:
The market is volatile, that means the period after the release of important information by the market (such as non-agricultural data) or the announcement of major news (usually the period 30 minutes before the announcement and 15 minutes after the announcement).
Insufficient market liquidity, that means, irregular trading fluctuations or gaps in the US market closing time, which is from 03:00 am to 07:00 am (summer time) and 04:00 am-07:00 am (winter time) in the morning from Tuesday to Friday in Beijing time.