Product introduction
ACU Bullion has two types of accounts for customers to choose from. Customers can choose their suitable account type according to their own situation, needs, different account features and requirements.
1.General Trading Account
| Trading details about Precious Metals | ||
| Symbol | (Spot Gold)XAUUSD | (Spot Silver)XAGUSD |
| Contract Size(Per lot) | 100 oz | 5000 oz |
| Mazimun lot size(Per trade) | 2000 oz (20 lots) | 50000 oz (10 lots) |
| Minimum lot size (Per trade) | 10 oz (0.1 lot) | 500 oz (0.1 lot) |
| Spread | US$0.50 | US$0.05 |
| (For reference only, the quotation spread can be adjusted at any time due to market fluctuations) | ||
| Limit / Stop order | Only accept distance from market price | Only accept distance from market price |
| US $2 away from market price. Before important news or market data release, price range will be adjusted, please refer to website's notice board | US $0.2 away from market price. Before important news or market data release, price range will be adjusted, please refer to website's notice board | |
| Margin Requirement (Per lot) | Initial Margin equals to 2% of the total contract value | |
| Forced liquidation takes place when required margin is less than 30%. When client's required is less than 30% and there are more then one position, system will close ositions starting from the biggest losses one until the required margin reach 30% or above. When market suffers a huge fluctuation, the cutting point might be far below 30% | ||
| Postioins hedging margin requirement equals to 1% of the total contact value | Postioins hedging margin requirement equals to 2% of the total contact value | |
| Rollover Interest | The interest rate of each product is different, please pay attention to the product list in the platform or the company website | |
| Rollover Time (GMT+8) | 05:00 Daily | |
| Daylight Saving Time | ||
| 06:00 Daily | ||
| Winter Time | ||
| Trading Hours (GMT+8) | Monday Morning 06:00to Saturday Morning 05:00 | |
| Daylight Saving Time | ||
| Monday Morning 07:00to Saturday Morning 06:00 | ||
| Winter Time | ||
| 24-hours continuous trading during the period | ||
| System Maintenance (GMT+8) | Daylight Saving Time: 05:00－06:00 | |
| Winter Time: 06:00－07:00 | ||
| If the margin is less than 100% of the required margin on Friday and 30 minutes before the international holiday, the system will force liquidation from the trading order with the most losses. When the market price fluctuates greatly, it is possible to force liquidation at a margin ratio of less than 100%. | ||
| Pending orders and stop loss and profit settings are valid for one week. After weekends or international holidays, all pending orders and unexecuted stop loss and profit settings will be cancelled. If necessary, customers can reset the settings after the market opens on Monday or after international holidays. | ||
| The trading hours will be adjusted in response to the international financial holidays. For details, please refer to the notice on the company's website. | ||
| Note: This information is subject to change without notice. | ||
| Note: There is a monthly fee of US $7 for an inactive account | ||
| ##Inactive account Fee: If clients do not have any deposit/expenses or transaction records in the past six months, this company The company will have the right to attract your customer US $7* as a fee for the management of the immovable account within the next month. If the net asset value in the primary account is less than or equal to zero, the trading account will be frozen or cancelled. " |
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Examples of Gold and silver trading for general trading accounts:
Gold trading margin requirement calculation for one lot:
US$ 1,220 (open price) × 100 (contact size) × 2% (margin requirement percentage) × 1 (lot size) = US$ 2,440
Silver trading margin requirement calculation for one lot:
US$ 14.6 (open price) × 5,000 (contract size) × 2% (margin requirement percentage) × 1 (lot size) = US$ 1,460
2.Professional and Institution Trading Account
Examples of Gold and silver trading for professional and institution trading accounts:
Gold trading margin requirement calculation for one lot:
US$ 1,000 (margin requirement) × 1 (lot) = US$ 1,000
Silver trading margin requirement calculation for one lot:
US$ 1,500 (margin requirement) × 1 (lot) = US$ 1,500
Kind Reminder:
When the market fluctuation is significant, the spread costs may be adjusted according to the market situation, with the system display as standard benchmark.
During important news and market data release, prices might encounter significant fluctuations, please be reminded that the execution prices might be different/varied from the pre-set prices of entry orders, please beware of the market risks.
The period of validity for entry orders, stop loss and limit orders is one week. At market close before weekends and holidays, all pending orders that have not been executed will be canceled. If necessary, the clients can place orders again when the market is reopen on Monday or after international holidays.
Trading Hours might be adjusted due to holidays in the financial market, please refer to website’s notice board.
Trading rules might be altered or updated in the future without further notice.
