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

*2 Spreads may widen due to volatile market conditions. The above spreads reflect normal market circumstances.

Tradable Symbols - Gold / Silver

Gold


GOLD_STD
Symbol GOLD_STD
Spread 0.5 USD*2
Tick Size 0.01 USD
Trade Size per Lot 100 oz
Min Limit per Order 0.1 lot (10 oz)
Volume Step 0.1 lot (10 oz)
Max Limit per Order 20 lots (2,000 oz)
Max No. of Open Position 20(For all symbols combined,including pending orders)
Max Open Position Size 20 X 2,000 = 40,000 oz
(400 lots)
Execution Type Fill or Kill
Slippage Setting Not Available
Features Fixed Spread High Percentage of Zero Slippage
GOLD_MIN
Symbol GOLD_MIN
Spread Variable
Tick Size 0.01 USD
Trade Size per Lot 100 oz
Min Limit per Order 0.05 lot (5 oz)
Volume Step 0.05 lot (5 oz)
Max Limit per Order 20 lots (2,000 oz)
Max No. of Open Position 20(For all symbols combined,including pending orders)
Max Open Position Size 20 X 2,000 = 40,000 oz
(400 lots)
Execution Type Partial Fill Allowed
Slippage Setting Available
Features Suitable for orders between 0.05 lot to 1 lot
GOLD_L
Symbol GOLD_L
Spread Variable
Tick Size 0.01 USD
Trade Size per Lot 100 oz
Min Limit per Order 1 lot (100 oz)
Volume Step 1 lot (100 oz)
Max Limit per Order 50 lots (5,000 oz)
Max No. of Open Position 20(For all symbols combined,including pending orders)
Max Open Position Size 20 X 5,000 = 100,000 oz
(1,000 lots)
Execution Type Partial Fill Allowed
Slippage Setting Available
Features Suitable for 1 lot orders
GOLD_L5
Symbol GOLD_L5
Spread Variable
Tick Size 0.01 USD
Trade Size per Lot 100 oz
Min Limit per Order 1 lot (100 oz)
Volume Step 1 lot (100 oz)
Max Limit per Order 50 lots (5,000 oz)
Max No. of Open Position 20(For all symbols combined,including pending orders)
Max Open Position Size 20 X 5,000 = 100,000 oz
(1,000 lots)
Execution Type Partial Fill Allowed
Slippage Setting Available
Features Suitable for orders below 5 lots
GOLD_L20
Symbol GOLD_L20
Spread Variable
Tick Size 0.01 USD
Trade Size per Lot 100 oz
Min Limit per Order 1 lot (100 oz)
Volume Step 1 lot (100 oz)
Max Limit per Order 50 lots (5,000 oz)
Max No. of Open Position 20(For all symbols combined,including pending orders)
Max Open Position Size 20 X 5,000 = 100,000 oz
(1,000 lots)
Execution Type Partial Fill Allowed
Slippage Setting Available
Features Suitable for orders below 20 lots
GOLD_L50
Symbol GOLD_L50
Spread Variable
Tick Size 0.01 USD
Trade Size per Lot 100 oz
Min Limit per Order 1 lot (100 oz)
Volume Step 1 lot (100 oz)
Max Limit per Order 50 lots (5,000 oz)
Max No. of Open Position 20(For all symbols combined,including pending orders)
Max Open Position Size 20 X 5,000 = 100,000 oz
(1,000 lots)
Execution Type Partial Fill Allowed
Slippage Setting Available
Features Suitable for orders below 50 lots

Silver


SILVER_MIN
Symbol SILVER_MIN
Spread Variable
Tick Size 0.001 USD
Trade Size per Lot 5000 oz
Min Limit per Order 0.05 lot (250 oz)
Volume Step 0.05 lot (250 oz)
Max Limit per Order 20 lots (100,000 oz)
Max No. of Open Position 20(For all symbols combined,including pending orders)
Max Open Position Size 20 X 100,000 = 2,000,000 oz
(400 lots)
Execution Type Partial Fill Allowed
Slippage Setting Available
Features Suitable for orders between 0.05 lot to 1 lot
SILVER_L
Symbol SILVER_L
Spread Variable
Tick Size 0.001 USD
Trade Size per Lot 5000 oz
Min Limit per Order 1 lot (5000 oz)
Volume Step 1 lot (5000 oz)
Max Limit per Order 50 lots (250,000 oz)
Max No. of Open Position 20(For all symbols combined,including pending orders)
Max Open Position Size 20 X 250,000 = 5,000,000 oz
(1,000 lots)
Execution Type Partial Fill Allowed
Slippage Setting Available
Features Suitable for 1 lot orders
SILVER_L5
Symbol SILVER_L5
Spread Variable
Tick Size 0.001 USD
Trade Size per Lot 5000 oz
Min Limit per Order 1 lot (5000 oz)
Volume Step 1 lot (5000 oz)
Max Limit per Order 50 lots (250,000 oz)
Max No. of Open Position 20(For all symbols combined,including pending orders)
Max Open Position Size 20 X 250,000 = 5,000,000 oz
(1,000 lots)
Execution Type Partial Fill Allowed
Slippage Setting Available
Features Suitable for orders below 5 lots
SILVER_L20
Symbol SILVER_L20
Spread Variable
Tick Size 0.001 USD
Trade Size per Lot 5000 oz
Min Limit per Order 1 lot (5000 oz)
Volume Step 1 lot (5000 oz)
Max Limit per Order 50 lots (250,000 oz)
Max No. of Open Position 20(For all symbols combined,including pending orders)
Max Open Position Size 20 X 250,000 = 5,000,000 oz
(1,000 lots)
Execution Type Partial Fill Allowed
Slippage Setting Available
Features Suitable for orders below 20 lots
SILVER_L50
Symbol SILVER_L50
Spread Variable
Tick Size 0.001 USD
Trade Size per Lot 5000 oz
Min Limit per Order 1 lot (5000 oz)
Volume Step 1 lot (5000 oz)
Max Limit per Order 50 lots (250,000 oz)
Max No. of Open Position 20(For all symbols combined,including pending orders)
Max Open Position Size 20 X 250,000 = 5,000,000 oz
(1,000 lots)
Execution Type Partial Fill Allowed
Slippage Setting Available
Features Suitable for orders below 50 lots

Market Hours - All times shown below are in Hong Kong Time, GMT+8.


Gold_STD


Trading Monday to Friday excluding New Year and Christmas holidays
Trading Hours Eastern Standard Time Period Monday 8:00 a.m. to 5:55 a.m.
Tuesday 7:05 a.m. to 5:55 a.m.
Wednesday 7:05 a.m. to 5:55 a.m.
Thursday 7:05 a.m. to 5:55 a.m.
Friday 7:05 a.m. to 5:55 a.m.
Eastern Daylight Time Period Monday 7:00 a.m. to 4:55 a.m.
Tuesday 6:05 a.m. to 4:55 a.m.
Wednesday 6:05 a.m. to 4:55 a.m.
Thursday 6:05 a.m. to 4:55 a.m.
Friday 6:05 a.m. to 4:55 a.m.
Trading hours may be affected by U.S. bank holidays. You will be notified in advance by email.
Trading Close Eastern Standard Time Period In relation to each Trading Day, 6:00 a.m.
Eastern Daylight Time Period In relation to each Trading Day, 5:00 a.m.
Scheduled Maintenance Eastern Standard Time Period Daily 5:55 a.m. to 7:05 a.m.
Eastern Daylight Time Period Daily 4:55 a.m. to 6:05 a.m.

Other Products - Gold/Silver_L(MIN/5/10/20/50)


Trading Monday to Friday excluding New Year and Christmas holidays
Trading Hours GOLD
SILVER
Eastern Standard Time Period

In relation to each Trading Day, 7:30 a.m. to 5:30 a.m. the next day.

Eastern Daylight Time Period

In relation to each Trading Day, 6:30 a.m. to 4:30 a.m. the next day.

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, 5:30 a.m.

Eastern Daylight Time Period

In relation to each Trading Day, 4:30 a.m.

Scheduled Maintenance Eastern Standard Time Period In relation to each Trading Day, 5:30 a.m. to 7:30 a.m.
Eastern Daylight Time Period In relation to each Trading Day, 4:30 a.m. to 6:30 a.m.
Know more:
Trading hours

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
Know more:
Trading Cost

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 and pending orders will be cancelled 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)
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 rollover (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.