Advanced trading technology
Trading technology on all platforms is easy to use.
Superior support services
Superior support services with Chinese and English bilingual services.
24-hour trading
In the 24-hour uninterrupted trading market, the price fluctuation will not be smaller than any currency pair
Low point difference
Enjoy some of the low point differences, as well as competitive commission rates
Price of bullion
Bullion is quoted with USD. The transaction code is composed of an abbreviation of bullion and USD. The price will be counted based on the weight of Bullion, i.e. OUNCE.
*Example:
XAUUSD represents the price of Gold
XAUUSD 1560.52 means the
price of Gold is US$1560.52 per ounce
XAGUSD
represents the price of Silver
Pip/ Tick
The minimum rate fluctuation is called a point, a pip or a tick.
As technology improves,
the minimum floating price continues to fall, but the definition of one point remains the same.
For the price of Gold, the minimum rate fluctuation is US$0.01
For the price of
Silver, the minimum rate fluctuation is US$0.001
Bid Price & Ask Price
Trading of Bullion and Forex have the same Bid and Ask pricing mechanism, so a spread will exist
for buy and sell side.
Bullion contract: "lot" is used to express the basic unit of quantity of a contract. 1 lot
represents 1 contract.
In a Gold contract, 1 lot of Gold means 100 ounce
In a Sliver contract, 1 lot of Silver means 2500 ounce
Please be reminded that the contract size directly affect the profit and
loss per pip fluctuation:
Price of Gold fluctuates US$10 per pip
Price of Silver fluctuares US$25 per pip
Contract | Local London Gold | Silver (London) |
No. of Contracts (per lot) | 100 ounces | 2500 ounces |
Minimum price fluctuation | US$0.01 per ounce | US$0.001 per ounce |
Spread | Floating Spreads | |
Initial Margin (per lot) |
Initial Margin: 1% of position opening
Liquidation: 20% of initial margin |
Initial Margin: 1% of position opening
Liquidation: 20% of initial margin |
Margin for locking position |
Position Locking: 30% of initial margin
Position Unlocking: Equity must be higher than 20% of Initial Margin Position Locking & Liquidation: 6% of initial margin |
|
Limit/Stop Order | Order can only be placed beyond US$1 market price | Only accept price exist US$0.02 |
Only accept price exist US$0.02 | At least 3 seconds | |
Opening and closing interval | At least 3 seconds | |
Order Execution Principles | Order will be executed at actual market price | |
The Freeze level is set to US$0.2 for each order# | The Freeze level is set to US$0.05 for each order# |
* if the net asset value of a customer's account is lower than the required margin for compulsory closing of positions; and the Company believes that the balance is not sufficient to withstand the associated market risk, HMLV has a right, but not an obligation, to choose to close the customer's contract without prior notice to protect the customer from insufferable losses.
*The required amount of margin may change subject to the market condition.
Open a Position
XAU/USD quotation
1500,00/1500,50
Value per lot
100oz x $1500.50=$150,050
Margin trading (1 lot):
$150,050÷100=$1500.50
Liquidation
Ask price:
1501.00/1501.501
Ask price: 1501.00USD
1 lot: 1501.00USD
Liquidation
Ask price:
1499,00/1499,50
Ask price: 149,900 USD
1 lot: 149,900 USD