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Product
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Gold
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Silver
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Contract Specifications |
100 oz/lot |
5000 oz/lot |
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Quotation Unit |
usd/oz |
usd/oz |
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Lowest Bid |
0.01usd/oz |
0.001usd/oz |
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Trade Mode |
T+0 Long and short two-way trading |
T+0 Long and short two-way trading |
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Spread |
50usd/lot |
200usd/lot |
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(Quotation spreads may be adjusted at any time due to market fluctuations) |
(Quotation spreads may be adjusted at any time due to market fluctuations) |
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Trade Margin |
The margin for each lot of gold is US$1,000 |
The margin for each lot of silver is US$1,000 |
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Hedging Margin |
50% of the total margin for hedging orders, that is, only the maximum unilateral lot size margin is charged |
50% of the total margin for hedging orders, that is, only the maximum unilateral lot size margin is charged |
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Distance of take profit and stop lose |
200 pips from market price， 2 usd of gold |
200 pips from market price， 0.2 usd of silver |
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Pending order,sl order and tp order validity period |
Validity period is one week, after the weekend closes, all pending orders and tp order and sl order will be cancelled.If needed, customers can reset after the market opens on Monday. |
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Note: When the market is closed on international holidays or non-agricultural days, all pending orders and unexecuted stop loss/take profit settings may be cancelled. |
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Minimum Trade Volume |
0.01lot |
0.01lot |
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Maximum Trade Volume |
10lot |
10lot |
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Volume Size |
0.01lot |
0.01lot |
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Total Volume Limit |
20lot |
20lot |
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Overnight Interest |
Calculated by pip value, 8usd for buy order a lot，4usd for sell order a lot |
Calculated by pip value, 4usd for buy order a lot，3usd for sell order a lot |
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Since the market is closed on weekends, overnight interest for the three days from Friday to Sunday will be charged after the market closes on Friday. |
Since the market is closed on weekends, overnight interest for the three days from Friday to Sunday will be charged after the market closes on Friday. |
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Forced Liquidation |
Trading Session (Market) ：Net worth/margin prepayment ratio ≤ 30% |
Trading Session (Market) ：Net worth/margin prepayment ratio ≤ 30% |
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Weekends or holidays (Market Close)：Net worth/margin prepayment ratio≤100% |
Weekends or holidays (Market Close)：Net worth/margin prepayment ratio≤100% |
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If a forced liquidation occurs during the transaction, the market price at the time of the forced liquidation shall prevail; if a forced liquidation occurs off-site, the settlement price of the day shall prevail. |
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The forced liquidation ratio on weekends and holidays (Market Close) is adjusted from 30% to 100%. The adjustment time is generally half an hour before the market closes. Details are subject to the trading system. |
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Market Time |
Monday 01：00 till Friday 24：00 |
Monday 01：00 till Friday 24：00 |
| Trade Time |
Monday 01：05 till Friday 23：45 |
Monday 01：05 till Friday 23：45 |
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Server Time Zone |
Daylight Saving Time: GMT+3, 5 hours different from Beijing |
Daylight Saving Time: GMT+3, 5 hours different from Beijing |
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Winter time: GMT+2, 6 hours different from Beijing |
Winter time: GMT+2, 6 hours different from Beijing |
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Note: Trading hours will be adjusted accordingly due to international financial holidays. Please pay attention to the latest announcement for details. |
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Note: After the market resumes on Monday or a holiday, the opening price will be the first price of each trading day, and all closing order will be based on this price. |
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Gap time for new order
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At least 2 seconds |
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Gap time between opening and closing order
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At least 2 seconds |
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