Trading Rules
Product Trading Overview Sheet
| KONG SHING Products | Spot Gold | Spot Silver | Spot Forex | Spot Crude Oil |
|---|---|---|---|---|
| Contract Unit (Per Lot) | 100 Ounces | 5000 Ounces | 100,000 Base Currency | 1000 Barrels/Lot |
| Maximum Single Transaction Volume | Maximum 20 lots per request | Maximum 10 lots per request | Maximum 20 lots per request | Maximum 10 lots per request |
| Minimum Single Transaction Volume | 0.01 | 0.01 | 0.01 | 0.01 |
| Spread | 0.5 USD | 0.05 USD | Spreads vary for different forex products. Please refer to the product list on the platform. |
0.05 USD |
| （For reference only, spreads may be adjusted at any time due to market fluctuations） | ||||
| Trading Margin | 1000 USD/Lot | 1500 USD/Lot | 1000 USD/Lot | 750 USD/Lot |
| Maintenance Margin | 200 USD/Lot | 300 USD/Lot | 200 USD/Lot | 150 USD/Lot |
| Market Price/Stop Loss Orders | Only accepts limit orders 2 USD away from market price |
Only accepts limit orders 0.2 USD away from market price |
Only accepts limit orders 20 pips away from market price |
Only accepts limit orders 0.25 USD away from market price |
| Interest Requirements | Interest rates vary for different products. Please refer to the product list on the platform. | |||
| System Settlement Time | Daily at 5:00 AM Beijing Time （During Daylight Saving Time） |
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| Daily at 6:00 AM Beijing Time （During Standard Time） |
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| Trading Hours | Monday 7:00 AM to Saturday 4:00 AM Beijing Time （During Daylight Saving Time） |
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| Monday 8:00 AM to Saturday 5:00 AM Beijing Time （During Standard Time） 24-hour continuous trading during this 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 conditions change significantly, spread fees may be adjusted according to market conditions, subject to system display.
If the margin is less than 100% of the required margin on Fridays and holidays, the system will lock all positions (hedge).
When the client's account margin ratio is 20%, the system will start forced liquidation from the trading order with the largest reduction until the margin ratio returns to above 20%. When prices fluctuate significantly, forced liquidation may occur at a margin ratio below 20%.
Pending orders and stop-loss take-profit settings are valid for 1 week. All pending orders that have not been executed and stop-loss take-profit settings that have not been triggered will be cancelled after weekends or holidays. If needed, clients can reset them when the market opens on Monday or after holidays.
Trading hours will be adjusted according to international financial holidays. Please refer to the company's website announcements for details.
Note: This information is subject to change without prior notice.
