Investment Fee: During trading, the fee required is part spread and part commission.
The spread is calculated by the 0.5 point difference between trading points in Hong Kong, London and New York, which costs a fixed fee of $50 per hand.
Commission is the source of profit for the agency or platform, so it is calculated according to the fees charged by different companies or platforms.
Foreign EXCHANGE DEALERS generally CHARGE LOWER FEES ON CASH THAN DOMESTIC DEALERS, BUT INVESTORS SHOULD be MORE careful WHEN CHOOSING a foreign exchange dealer.
Technically, spot gold trades are subject to a 0.5 point spread plus a $50 commission.
That is to say, 1 point commission.
Gold fluctuates by one point for a gain or loss of $100, and a single trade with spread plus commission is also $100, which means that when you buy a multiple order for $1200.
If the price goes to 1210 then you’ve made 10 points or $1,000, net profit minus the transaction fee is $900.