International gold transaction fee, international spot gold transaction is a contract-based transaction based on the principle of capital leverage. The relevant fee standards are as follows:
Due to the linkage quotation of international gold with the London market, investors need to open an account on the trading platform to participate in the transaction, and the platform will also charge investors a certain handling fee.
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The general platform for international gold trading procedures is bilateral 0.5 points/lot.
International gold is also called spot gold and London gold . It is different from futures gold and can be delivered immediately or within a few days after the transaction is completed. Each gold company establishes a trading platform and conducts online buying and selling transactions with market makers with a certain leverage ratio.
Due to the huge amount of international gold transactions, no consortium or institution has yet been able to operate its price, and it is completely self-regulated by the market. The world’s major trading markets all adopt the market maker system. It is different from the so-called “gambling”. There is no dealer, which ensures the standardization of the market. It is more flexible than the matching system and injects greater liquidity into the market.
Theoretically speaking, the standard of handling fees for spot gold transactions is: 0.5 point difference + 50 USD commission, that is, one point handling fee. If the price of gold fluctuates by one point, the profit and loss is $100, and the one-lot trade plus the spread and commission is also $100. For example: if you buy a long order at 1300 points, when the price rises to 1310, then because you have earned 10 points, you can make a profit of 1,000 US dollars, and the net profit after deducting the handling fee is 900 US dollars.
The platform will also charge a certain storage fee. If your position is not closed on the same day, the storage fee in the international spot gold transaction fee is: RMB 29 per day for long orders (tentative), and RMB 13 per day for empty orders ( tentative). Physical delivery is also possible at any time.