Trading Rules
Product Trading Overview Sheet
| KONG SHING Products | Spot Gold | Spot Silver | Spot Forex | Spot Crude Oil |
|---|---|---|---|---|
| Contract Size (Per Lot) | 100 Ounces | 5,000 Ounces | 100,000 Base Currency | 1,000 Barrels per Lot |
| Maximum Single Transaction Volume | Maximum 20 Lots per Transaction Request | Maximum 10 Lots per Transaction Request | Maximum 20 Lots per Transaction Request | Maximum 10 Lots per Transaction Request |
| Minimum Single Transaction Volume | 0.01 Lot | 0.01 Lot | 0.01 Lot | 0.01 Lot |
| Spread | 0.5 USD | 0.05 USD | Spreads vary by forex product. Please refer to the product list in the trading platform. |
0.05 USD |
| (For reference only; spreads are subject to change at any time due to market fluctuations) | ||||
| Trading Margin | 1,000 USD per Lot | 1,500 USD per Lot | 1,000 USD per Lot | 750 USD per Lot |
| Maintenance Margin | 200 USD per Lot | 300 USD per Lot | 200 USD per Lot | 150 USD per Lot |
| Market Order / Stop-Loss Order | Only limit orders 2 USD away from the market price are accepted |
Only limit orders 0.2 USD away from the market price are accepted |
Only limit orders 20 pips away from the market price are accepted |
Only limit orders 0.25 USD away from the market price are accepted |
| Interest Required for Trading | Interest rates vary by product. Please refer to the product list in the trading platform. | |||
| System Settlement Time | 05:00 Beijing Time Daily (During Daylight Saving Time) |
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| 06:00 Beijing Time Daily (During Standard Time) |
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| Trading Hours | 07:00 Monday to 04:00 Saturday Beijing Time (During Daylight Saving Time) |
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| 08:00 Monday to 05:00 Saturday Beijing Time (During Standard Time) 24-hour continuous trading during the period |
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| System Maintenance Time | 04:55－06:05 (Daylight Saving Time) 05:55－07:05 (Standard Time) |
04:55－05:05 (Daylight Saving Time) 05:55－06:05 (Standard Time) |
04:55－06:05 (Daylight Saving Time) 05:55－07:05 (Standard Time) |
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Spreads will be adjusted half an hour before the market closes on weekends and holidays, subject to system display. When market volatility is high, spread costs may be adjusted according to market conditions, subject to system display.
If the margin in the client's account is less than 100% of the required margin on Fridays and before holidays, the system will lock all positions (hedge) automatically.
When the margin ratio of the client's account reaches 20%, the system will force the liquidation of positions starting from the one with the largest position size, until the margin ratio returns to above 20%. In case of large price fluctuations, forced liquidation may occur when the margin ratio is lower than 20%.
The validity period of pending orders and stop-loss/take-profit settings is 1 week. All unexecuted pending orders and untriggered stop-loss/take-profit settings will be cancelled after weekends or holidays. If necessary, clients can re-set them when the market opens on Mondays or after holidays.
Trading hours will be adjusted according to international financial holidays. For details, please refer to the announcements on the company's website.
Note: This information is subject to change without prior notice.
