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.
Tradable Symbols - Gold / Silver
Gold
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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
| 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 |
| 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 |
| 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 |
| 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 |
| 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 5:00 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. |
| 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. | ||
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 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 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:
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. 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. |
