Trading Rules

Tradable Symbols

Symbol Spread Tick Size Trade Size per Lot Min Limit
per Order
Max Limit
per Order
Max No. of
Open Position
Max Open
Position Size
GOLD
GOLD
Variable 0.01 USD 1 oz

5 oz

(5 lots)

2,000 oz

(2,000 lots)

50
(For all symbols combined)

50 X 2,000 =
100,000 oz

(100,000 lots)

SILVER
SILVER
Variable 0.001 USD 50 oz

250 oz

(5 lots)

100,000 oz

(2,000 lots)

50 X 100,000 =
5,000,000 oz

(100,000 lots)

+Calculated with Gold price 1,500USD/oz with 200x margin.

Market Hours

Trading Monday to Friday excluding New Year and Christmas holidays
Trading Hours (HKT) GOLD
SILVER
Eastern Standard Time Period Monday 7:00:10 a.m. to Saturday 5:45 a.m. (HKT)
Eastern Daylight Time Period Monday 6:00:10 a.m. to Saturday 4:45 a.m. (HKT)
Trading hours may be affected by U.S. bank holidays. You will be notified in advance by email.
Trading Close GOLD
SILVER
Eastern Standard Time Period In relation to each Trading Day, 5:45 a.m. Hong Kong Time
Eastern Daylight Time Period In relation to each Trading Day, 4:45 a.m. Hong Kong Time
Scheduled Maintenance Eastern Standard Time Period Saturday 7:00 a.m. to Monday 7:00 a.m. (HKT)
Eastern Daylight Time Period Saturday 7:00 a.m. to Monday 6:00 a.m. (HKT)

Fees

Account Opening Fee Free
Dormant Account Maintenance Fee 10USD for accounts which have no trades, deposits or withdrawals in 6 consecutive months
Auto-Closeout Fee NIL

Margin Rules

Account Currency USD only
Minimum Initial Deposit NIL
Required Margin GOLD 0.5% of currency contract value (in USD)
SILVER 1% of currency contract value (in USD)
Maximum Leverage GOLD 200 times
SILVER 100 times
Margin Call No margin call will be issued.
Auto-Closeout Your Positions will be closed out automatically if net equity falls below 60% of margin ratio in USD.

Order Features

Bullion Quotes Two way pricing - Sell and Buy
Trading Platform

MT4
MT4 for iOS and Android powered devices

Our operators will not accept any orders via phone or other means except for system and / or internet failure.

Order Type One-Click Order / Market Order / Limit Order / Stop Order / Take Profit Order / Stop Loss Order
Minimum Limit/Stop Distance GOLD 0.5
SILVER 0.05
Expiry Type Good-Till-Cancelled (GTC)
Good-Till-Date (GTD)
Deviation(Slippage) 1pip equals to 0.1USD
Hedging

This is an optional feature.

Although it is a convenient feature to enter hedged trades at the same time, we do not recommend the usage of the feature to our users. You should be aware of the various factors that could affect your account balance as a result of executing such hedged trades:

  • - Possible negative spread (i.e., rollover charges may be higher than rollover accruals) if hedged positions are held overnight; or
  • - You will be subject to twice the usual trading cost when closing these hedged trades.

You will only be required to hold one set of Margin for hedging trades, with this amount being the average required margin for the two hedging positions.
There must be sufficient Margin in your trading account in order to open the hedging position.

It will be your responsibility to continually monitor your positions and Z.com Bullion will be not liable for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of this feature.

Cash-on-Delivery (Physical Settlement) Not available

Settlement & Rollover

Profit / Loss Settlement Realised trading profit/loss will be settled (i.e., credited to or debited from the cash balance) at Trading Close.
Rollover

The realised amount will be settled (i.e., credited to or debited from the cash balance) at Trading Close.

Please note that "3-day" rollover will be applied to all open positions at trading close on Wednesdays. U.S. bank holidays may also affect the number of days worth for each rollover.

Rollover rates for each product are clearly detailed on the MetaTrader 4 platform. You may check the debited or credited rollover amount under Account History on the platform (For more details, please refer to our MT4 user guide). Alternatively, you may check the rollover amount applied to your open positions via the Client Statement which is emailed to you after each trading close.

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