Spot precious metals
All transaction times are GMT winter time and GMT + 1 daylight saving time (server time). Foreign exchange trading time: 24 hours a day, from Monday 00:00 to Friday 24:00 (server time) closed.
*The point spread is adjustable under normal trading conditions.
**Please refer to the specific product description of the platform for details such as margin requirements, usage of trading instruments and leverage ratio
***The minimum settings of stop profit, stop loss and limit hanging order are set based on the current market price. Open trading, stop profit, stop loss, limit buy / sell, and close trading settings, move stop profit, move stop loss
Investing in spot precious metals can bring you benefits
It can disperse investment risks and make your asset allocation achieve a balanced and stable effect. Precious metals have the ability to maintain inflation and are an ideal tool for anti inflation.
Gold and silver are regarded as safe havens for investment.
Ideal tool for wealth preservation and appreciation
Spot gold (XAU) is a commodity that can be traded through straight through processing (STP), taking you directly into the global gold market. Spot gold trading is like foreign exchange trading. Traders can go long or short at the same time according to the price of precious metals. The spot precious metal market is provided with prices by various precious metal participants. Traders can enter the market at any time for trading 23 hours a day, 5 days a week.
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London gold
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dollar
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Average point difference
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$0.5
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Hong Kong Gold
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HKD
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Average point difference
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HK $4
Disc dropping mode
1. Call your broker / customer service representative
2.Use online trading platform
3. Call the trading room: (precious metals)
Trading time of spot precious metal market
The market opening time of spot precious metals is a total of 23 hours per day and closed on weekends. During the market closing period, you cannot execute any trading orders, including stop loss orders or limit orders.
Server time (GMT + 1):The market opens at 00:00 on Sunday and closes at 23:00 on Friday
*The server time of Reoori is GMT + 1 and is adjusted according to the European summer / winter time.
Settlement date
The second working day of each trading day is the settlement day
Number of transactions
Gold in one hand: 100 ounces
The minimum number of hands is one mini hand, which means 0.01 hands or 1 ounce.
Download precious metals trading details
Trading volume
The minimum trading volume of a contract can exceed one.
Minimum trading volume: 0.01 hands of a standard contract, or 1 ounce of gold or 50 ounces of silver.
Maximum trading volume: according to the availability of the market, the maximum trading volume that investors can execute is 50 hands. However, there may be a slip point.
Precious metal quotation method
London gold (xauusd) is quoted in US dollars. If you trade a hand, the jump of one point is equal to one dollar. Examples are as follows: hkghkd offers in Hong Kong dollars. Examples are as follows:
Gold:
Gold: if the opening price is 1700.10 and then the price rises to 1700.11, the profit will be $1.
Silver:
Silver: if the opening price is 34.70 and then the price rises to 34.71, the profit will be $50.
lever
Leverage trading is to use the principle of financial leverage to enlarge the capital. After a trader deposits a margin, he can enlarge the amount. Leverage can maximize capital, traders can effectively use a small part of cash, hold a large position in the spot precious metal market and enlarge potential profits.
For example, if the leverage ratio is 100:1, you can trade $100000 in the foreign exchange market with a margin of $1000. If the leverage ratio is 200:1, you only need to deposit a margin of $500 to trade $100000.
Leverage can improve overall performance, but it needs careful care when operating. Lever operation is like a double-sided edge. If the market trend is not as expected, the transaction loss will result in greater loss of leverage effectiveness.
Leverage ratio
Different account types adopt different leverage ratios.
Margin demand
Margin demand is the cash to be paid to hold trading positions in the precious metal market, which is considered to be a deposit covering credit risk. When the trader opens an account with the trading broker, it is required to deposit an initial amount as the margin for the trader to trade in the market. Traders can operate with leverage multiple up to a certain extent according to different contract conditions.
Forced closing level
If the trader's account reaches the margin recovery level, but cannot maintain sufficient funds, and the account balance is lower than the compulsory closing level, the open position of the trader will be automatically forced to close to prevent further loss of funds. Reoori's compulsory closing level is 80%.
Overnight interest
Overnight interest refers to the interest paid or charged in the base currency and valuation currency if all open positions are held overnight.Reoori's precious metal trading is spot trading products, which means that all trading positions will be delivered within two business days according to the market spot exchange rate. Overnight interest is automatically settled at 21:59 GMT (22:59 server time) every day. Overnight open positions from Wednesday to Thursday will be charged three times the figure shown in the table below. Other surcharges are interest paid when the market is closed on Saturday and Sunday.
Schedule of overnight interest on precious metals
Announced daily interest rate X number of transactions x number of days from opening to closing (excluding closing days)
