Trading Rules

No Commissions

Trading Rules

Start Trading with as low as 5USD¹

Trading Rules

Up to 400 Times Leverage

1 Calculated with Gold Price 2,000USD/oz with 400x leverage of GOLD product.

Tradable Symbols
Market Hours
Fees & Commissions
Margin Rules
Order Features
Settlement & Rollover

Tradable Symbols - Gold / Silver

Symbol Category GOLD_STD (Fixed spread) GOLD (Floating spread)
Spread 0.4 or 0.5 USD2 Variable
Tick Size 0.01 USD 0.01 USD
Trade Size per Lot 100 oz 100 oz
Min Limit per Order 0.1 lot (10 oz) 0.01 lot (1 oz)
Max Limit per Order 20 lots (2,000 oz) 3 lots (300 oz)
Features Fixed spread, improved transaction smoothness Generally low spreads, reduced trading costs
Max Leverage Ratio3
 - Standard A Account 50x 50x
 - Standard B Account 100x 100x
 - Standard C Account 200x 200x
 - Standard D Account 400x 400x
Max Net Holding
Max Net Holding of all Standard Account is 20 lots of Gold/Silver
Symbol Category SILV_ (Floating spread)
Spread Variable
Tick Size 0.001 USD
Trade Size per Lot 5,000 oz
Min Limit per Order 0.01 lot (50 oz)
Max Limit per Order 10 lots (50,000 oz)
Features Generally low spreads, reduced trading costs
Max Leverage Ratio3
 - Standard A Account 25x
 - Standard B Account 50x
 - Standard C Account 100x
 - Standard D Account 200x
Max Net Holding Max Net Holding of all Standard Account is 20 lots of Gold/Silver

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

3 For new clients, the default maximum leverage ratio is Gold 50 times and Silver 25 times. If you want to adjust the maximum leverage ratio, please fill in the
「Leverage Ratio Adjustment Application Form」.

Tradable Symbols - Gold / Silver

Gold

GOLD_STD (Fixed spread)
Spread 0.4 or 0.5 USD2
Tick Size 0.01 USD
Trade Size per Lot 100 oz
Min Limit per Order 0.1 lot (10 oz)
Max Limit per Order 20 lots (2,000 oz)
Features Fixed spread, improved transaction smoothness
Max Leverage Ratio3
 - Standard A Account 50x
 - Standard B Account 100x
 - Standard C Account 200x
 - Standard D Account 400x
Max Net Holding Max Net Holding of all Standard Account is 20 lots of Gold/Silver
GOLD (Floating spread)
Spread Variable
Tick Size 0.01 USD
Trade Size per Lot 100 oz
Min Limit per Order 0.01 lot (1 oz)
Max Limit per Order 3 lots (300 oz)
Features Generally low spreads, reduced trading costs
Max Leverage Ratio3
 - Standard A Account 50x
 - Standard B Account 100x
 - Standard C Account 200x
 - Standard D Account 400x
Max Net Holding Max Net Holding of all Standard Account is 20 lots of Gold/Silver

Silver

SILV_ (Floating spread)
Spread Variable
Tick Size 0.001 USD
Trade Size per Lot 5,000 oz
Min Limit per Order 0.01 lot (50 oz)
Max Limit per Order 10 lots (50,000 oz)
Features Generally low spreads, reduced trading costs
Max Leverage Ratio3
 - Standard A Account 25x
 - Standard B Account 50x
 - Standard C Account 100x
 - Standard D Account 200x
Max Net Holding Max Net Holding of all Standard Account is 20 lots of Gold/Silver

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

3 For new clients, the default maximum leverage ratio is Gold 50 times and Silver 25 times. If you want to adjust the maximum leverage ratio, please fill in the
「Leverage Ratio Adjustment Application Form」.

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

Eastern Standard Time Eastern Daylight Time
All Gold & Silver Products All Gold & Silver Products
Trading Monday to Friday excluding New Year and Christmas holidays Trading Monday to Friday excluding New Year and Christmas holidays
Trading Hours Monday 7:30am to 5:45am Trading Hours Monday 6:30am to 4:45am
Tuesday 7:15am to 5:45am Tuesday 6:15am to 4:45am
Wednesday 7:15am to 5:45am Wednesday 6:15am to 4:45am
Thursday 7:15am to 5:45am Thursday 6:15am to 4:45am
Friday 7:15am to 5:30am Friday 6:15am to 4:30am
Trading hours may be affected by U.S. bank holidays. You will be notified in advance by email. Trading hours may be affected by U.S. bank holidays. You will be notified in advance by email.
Scheduled Maintenance Daily 5:45am to 7:15am
Saturday 5:30am to Monday 7:30am		 Scheduled Maintenance Daily 4:45am to 6:15am
Saturday 4:30am to Monday 6:30am

Note: MT4 is set to Greenwich Mean Time (GMT) + 0 hour

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


Eastern Standard Time

All Gold & Silver Products
Trading Monday to Friday excluding New Year and Christmas holidays
Trading Hours Monday 7:30am to 5:45am
Tuesday 7:15am to 5:45am
Wednesday 7:15am to 5:45am
Thursday 7:15am to 5:45am
Friday 7:15am to 5:30am
Trading hours may be affected by U.S. bank holidays. You will be notified in advance by email.
Scheduled Maintenance Daily 5:45am to 7:15am
Saturday 5:30am to Monday 7:30am

Eastern Daylight Time

All Gold & Silver Products
Trading Monday to Friday excluding New Year and Christmas holidays
Trading Hours Monday 6:30am to 4:45am
Tuesday 6:15am to 4:45am
Wednesday 6:15am to 4:45am
Thursday 6:15am to 4:45am
Friday 6:15am to 4:30am
Trading hours may be affected by U.S. bank holidays. You will be notified in advance by email.
Scheduled Maintenance Daily 4:45am to 6:15am
Saturday 4:30am to Monday 6:30am

Note: MT4 is set to Greenwich Mean Time (GMT) + 0 hour

Fees

Account Opening Fee Free
Auto-Closeout Fee NIL
Know more:
Trading Cost

Margin Rules

Account Currency USD only
Minimum Initial Deposit NIL
Maximum Leverage GOLD 50/100/200/400 times4
SILVER 25/50/100/200 times4
Margin Call No margin call will be issued.
Auto-Closeout Standard A, B and C Account Your Positions will be closed out and pending orders will be cancelled automatically if net equity falls below 60% of margin ratio in USD.
Standard D Account Your Positions will be closed out and pending orders will be cancelled automatically if net equity falls below 100% of margin ratio in USD.
4 For new clients, the default maximum leverage ratio is Gold 50 times and Silver 25 times. If you want to adjust the maximum leverage ratio, please fill in the
「Leverage Ratio Adjustment Application Form」.
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
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.