Tradings Rules | Bullion Trading

No Commissions

Start Trading with as low as 10USD*¹

Up to 200 Times Leverage

*1 Calculated with Gold Price 2,000USD/oz with 200x margin of GOLD_MIN product.

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

Settlement & Rollover

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	0.01 lot (1 oz)
Volume Step	0.01 lot (1 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

Know more:
How to take advantage of Z.com Bullion's trading symbols ?

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 5:00 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 4:00 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.
Trading Close	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.
Scheduled Maintenance	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.
	GOLD SILVER	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.
Trading Close	GOLD SILVER	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.
Scheduled Maintenance		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)
Required Margin	SILVER	1% of currency contract value (in USD)
Maximum Leverage	GOLD	200 times
Maximum Leverage	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.

Know more:
How to calculate Leverage Ratio ?

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
Minimum Limit/Stop Distance	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

Know more:
About Bullion's price quote
Profit and loss calculations

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.

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.

Learn More:
Standard Account - Trading Costs
Advanced Account - Trading Costs

No Commissions

Start Trading with as low as 10USD*¹

Up to 200 Times Leverage

Tradable Symbols - Gold / Silver

Gold

Silver

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

Gold_STD

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

Fees

Margin Rules

Order Features

Settlement & Rollover

Learn More

Account Types

Account Opening