How to fry gold spot
Introduction to International Gold Margin Trading
International gold is an international transaction business carried out by margin. The buyer and the seller establish a sales contract with a certain percentage of margin. The contract does not need to be settled in kind. The buyer and seller can buy or sell according to market changes to close it. held contracts.
Funding Requirements
- All account funds are settled in US dollars.
- The recommended capital for opening a standard account is $10,000.
- Only after the bank settles and posts the fund deposit, and the account status of the trading platform reflects the deposit of the fund, the customer can conduct trading transactions for the newly applied account.
Required Margin
- The required margin for each lot is $1,000.
- The margin required for hedging and locking is USD 0.
- All deposits are paid in US dollars.
- During the trading hours, the online trading platform can identify two kinds of margin situations: notification of a 50% drop in margin and forced liquidation of positions below 30%.
- If the account margin balance is less than 50% of the required margin, the system will notify online customers of the situation.
- If the margin is less than the required funds, the system will terminate the account for any new single transaction. Only when the margin is sufficient and equal to or exceeds the required margin, the client can make a new transaction.
If the effective balance of the account is lower than 30% of the required margin, Fortis will take action to close the position (including hedging and locking) to reduce the risk in the account.
- Once the client receives the notice of margin drop, he should decide what measures to take to bring the account back to the required level of margin.
- When the margin is insufficient, the customer can close all or part of the position. The effective margin amount of the account after closing the position must be greater than the total required margin of the remaining positions in the account.
- When the margin in the account is insufficient, the client should not be able to increase the number of account positions; only when the margin in the account is sufficient and the margin requirement can be increased.