Small reminder: You visited the Hong Kong website before. Hongfeng Gold is a member of the Hong Kong Gold and Silver Trade Center No. 050. Spot gold and silver investors are Hong Kong's compliant investment products.

Trading rules

Access global currency markets with fast execution and competitive spreads

Commodity transaction details

Spot gold

Spot silver

Contract unit (per lot)

100 ounces

5000 ounces

Transaction spread

$0.50/oz

$0.04/oz

Minimum number of transactions per transaction

0.05 contracts

Maximum number of transactions per transaction

5 contracts

Margin

Not less than 2%

Daily interest

-------not applicable-------

Daily warehouse rent

Buy: -1.75%; Sell: -1.25% (annual interest rate here)

Pending order distance

At least 250 points away from the market price

Trading hours and settlement times

Summer

wWinter

Trading hours

From Monday 07:01 am to Saturday 04:45 am

From Monday 07:01 am to Saturday 05:45 am

Settlement time

Daily from 5 a.m. to 6 a.m. Hong Kong time

Daily from 6am to 7am Hong Kong time

US winter time is from 2 a.m. on the first Sunday in November to 2 a.m. on the second Sunday in March;

U.S. Daylight Saving Time runs from 2 a.m. on the second Sunday in March to 2 a.m. on the first Sunday in November.

The transaction time will be changed according to international holidays. Any changes will be announced on the company's website.

If the position is held on past Friday, Saturday, or Sunday, three days of interest will be charged.

Market order:

Transactions are conducted based on the current market price. If market conditions fluctuate, the transaction price of the market order may deviate.

Limit order

The spot gold limit order needs to be at least 250 price points (i.e., 2.5 U.S. dollars) or more away from the market price before it can be set. The spot silver limit order needs to be at least 100 price points (i.e., 0.1 U.S. dollars) away from the market price. or above can be set,

* If the margin in the customer's trading account is insufficient, market orders and limit orders will not be executed and will be canceled immediately.

Take-profit orders and stop-loss orders:

can be set for contracts that have not yet been closed. Spot gold needs to be more than 250 price points from the market price before it can be set. Spot silver needs to be more than 100 price points from the market price before it can be set.

* All limit orders, take-profit orders, and stop-loss orders are valid until the market close of the current week or before the market close on holidays, unless the transaction has been completed or canceled by the customer.

Lock position

The account has both long and short positions of the same number of contracts. The available prepayment ratio in the account must be higher than 100% to lock the position.
* Our company does not recommend that customers lock positions. Locking will increase customer handling fees and interest costs. When customers lock positions, please pay attention to the situation in the trading account.

The regulations for locking operations are that when the customer's net worth is greater than the used advance payment, the customer can lock the order and only occupy one side of the margin. For example, a customer trades 1 lot of multiple orders and the used advance payment is 2,500 US dollars. As long as the customer's net worth is greater than 2,500 US dollars, the customer can lock the position at any time. If the customer's net worth is less than 2,500 US dollars, the customer will only be able to close the position and will not be able to perform lock-up operations. After the customer locks the position, the unlocking operation can be performed at any time. If the prepayment ratio is less than 100% and the order is locked, a "insufficient funds" prompt will appear. Since customers will use pending orders to lock orders, please pay attention to the funds in the account. For example, if the account funds are 2,800 US dollars, a long order is purchased at 1420, and a pending order is set at 1415, hoping that the system will help lock the order when the price drops to 1415. In this case, if the price really drops to 1415, the prepayment ratio is less than 100%, which will make it impossible to lock the position, so please be sure to arrange funds when trading. Note: Advance payment ratio = Net value ÷ Used advance payment

Forced liquidation

When the net value in the trading account is less than 50% of the margin or less, the customer will be required to add an additional advance payment to the basic advance payment ratio.

When the net value in the trading account is lower than 20% or less of the margin requirement, in order to protect the interests of the customer, the company will close some or all of the contracts held by the customer until the net value returns to more than 20% of the margin requirement.(Note: If the market is too large, it may not be possible to close the position immediately when it is ≤ 20%, so there may be a situation where the net value after closing the position is much lower than 20% or negative, and the customer must understand that this is beyond the control of the system)

Abnormal transactions

In order to establish and provide a fair and just trading platform for customers to trade, the company will further review any abnormal trading activities that occur in customers’ trading accounts, including but not limited to the following abnormal trading activities: 

1. Complete the position opening and closing activities within 180 seconds or less: 

2. Use malicious transactions or plug-in software to make a large number of transactions with the same account at the same time, and the total number exceeds the single transaction limit for any product; 

3. Use the same device and conduct high-frequency transactions with multiple different accounts; 

4. Those who make illegal profits by affecting the international market price and causing sharp fluctuations in the product ; 

5. Use different trading accounts to hedge transactions in different directions;

6. A sudden large number of transactions, such as a transaction that suddenly changes from 0.05 lots to 5 lots ; 

Because unfair transactions (such as malicious speculation to earn commissions, etc.) will constitute unfair situations to the market, the platform and other customers and affect the stability and efficiency of the trading system, the company solemnly declares that customers are not allowed to take advantage of it. Any improper transactions made on the trading account. If one or more of the above abnormal transactions appear in the trading account, the company’s risk control department will review the trading account. During the review period, the account with abnormal transactions will be frozen for 3 months. The frozen account holdings People will receive an account freezing notification email or text message from the company. During the period of account freezing, the company will suspend the acceptance of any business on the account and will not be able to conduct any transactions until the freezing period is over. The company will unfreeze or deal with illegal transactions based on the audit results. If the relevant transaction is found to be unfair, the company will take the following handling measures: 

1. If the loss amount of a transaction order within the review period reaches 10% or more of the transaction principal, no processing will be performed, and the customer’s withdrawal amount will be released to the customer;

2. The loss amount of a transaction order within the review period is less than 10% of the transaction principal. , we will charge 10% of the withdrawal amount as the cost of abnormal transactions, and the balance after deducting the handling fee will be released to the customer;

3. If the transaction order within the review period is profitable, we will deduct all profits and charge the withdrawal amount 6% of the amount will be used as the cost of abnormal transactions, and then the balance will be released to the customer. If there are accounts suspected of abnormal transactions beyond the above definitions, the company may add them to the frozen list after further review.

The company reserves the right to final interpretation and change any of the above terms and conditions.

Gap rules

In the case of a general short jump, all limit orders will be executed according to the price set by the customer. If the customer has open contracts and limit orders at the same time, the short jump will lead to insufficient margin, and the position will be liquidated and the price will be limited. If the order is cancelled, Hongfeng Bullion reserves the final right to approve the above situation of the customer.