Prestige International is a member of the Hong Kong Gold Exchange, Class AA, No. 025. You are now visiting a Hong Kong website, so please be cautious when investing.
| Product | XAUUSD | XAGUSD |
| Trading Margin | $700/lot | |
| Contract Unit | 100 oz/lot | 5000 oz/lot |
| Quotation Unit | US dollars per ounce (1 ounce = 31.1035 grams) | |
| Minimum quotation unit | $0.01/oz | |
| Spread | Ultra-low floating spread mode, spot gold spread as low as 0.1 90% of the time the average spread is lower than 0.23 |
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| Commission | Permanently 0 commission | |
| Locked Margin | 50% of the total margin for locked orders, that is, only the maximum unilateral lot margin is charged After the market closes on Friday or before the holiday, if the account maintenance margin ratio is less than 100% The system will hedge all trading orders in the account, that is, automatically lock the position (making the number of buy and sell orders in the account equal) When the market reopens after the holiday, the newly added orders in the system will not be automatically cancelled. Customers need to consider the market conditions and choose how to operate the trading orders in their accounts. |
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| Minimum trading volume | 0.1 lot | |
| Overnight interest rate | Buy -1.00% (annual interest rate), sell -2.00% (annual interest rate)
A positive interest rate means that the client is charged overnight interest, and a negative interest rate means that the client is paid overnight interest. For all contracts that are not closed on the same day, the company will process them as extended transactions. All interest receivable or payable on open contracts that are carried over to the next day will be settled automatically in the customer's account. (If there are still open contracts in the customer's account after the trading hours on Wednesday, three days of receivable/payable interest will be charged/paid) * The above interest rates are for reference only. The actual interest rates will change according to market interest rates. |
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| Pending order distance | $2 | $0.2 |
| Transaction Mode | T+0 trading, support real-time long/short two-way trading
Market Price Mode In the market price mode, all execution prices will be the real market prices appearing in the quotation. When the market fluctuates, the transaction price may be different from the requested price. In this case, the trading system will execute the transaction for the customer at the fastest transaction price. |
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| Trading time | Trading hours are based on Hong Kong time GMT+8 Summer time: Monday morning 07:00 to Saturday morning 03:00 Winter time: Monday morning 08:00 to Saturday morning 03:30 24-hour non-stop trading, closed on Saturdays, Sundays and international financial holidays. |
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| Settlement time | Settlement time is based on Hong Kong time GMT+8 Summer time: Tuesday to Friday 04:55-06:05 Winter time: Tuesday to Friday 05:55-07:05 The international market is undergoing settlement and maintenance, and therefore cannot continuously provide stable and tradable market prices. Therefore, the system will suspend the execution of trading instructions during the above period. |
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| Forced liquidation | Net value/margin advance payment ratio ≤ 30% | |
| Limit Order | 1. All limit orders will be cancelled after the market closes at midnight Hong Kong time on Saturday. 2. All limit orders before the holiday will also be cancelled (including stop profit and stop loss), regardless of the length of the holiday. |
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