Acetop Precious Metals Limited is headquartered in Hong Kong and is a regulated e-trading member (No. 145) of the Chinese Gold & Silver Exchange Society (CGSE). Holding a Grade AA Marketing Trading License issued by the CGSE, Acetop is authorized to deal in 99 Gold, HKD Kilo Gold, Loco London Gold/Silver and RMB Kilobar Gold.
Acetop Precious Metals Limited is a regulated e-trading member (No. 145) of the Chinese Gold & Silver Exchange Society (CGSE) with a Grade AA Marketing Trading License issued by the CGSE. All the trading in our company is approved and supervised by the CGSE and under the regulation of the Laws of Hong Kong.
You can check the registration information of our company through the website of the HK Companies Registry www.icris.cr.gov.hk/csci or search the valid member license of our company on the official website of the CGSE www.cgse.com.hk.
Inception of the Chinese Gold and Silver Exchange Society dates back to 1910 when it began operation as the “Gold and Silver Exchange Company”. It is the most authoritative gold exchange in the Asia-Pacific region. Its functions include providing a trading place, facilities and related services to its members for gold, silver and precious metals transactions; setting up and implementing rules and regulations, normalizing the transactions; supervising transaction process, settlements and delivery arrangement; setting the settlement price, announcing and disseminating market information; supervising all transactions, examining and executing punishment if any members' act violates CGSE rules and regulations, etc. The CGSE also provides transaction code for each transaction that is above 10 ounces (0.1 lots).
The business nature of the CGSE is the same as that of Hong Kong Stock Exchange (HKSE). It is independent from the government and provides international investors and enterprises with a consecutive, liquid and insightful gold market resort to its strict and efficient rules and regulations. It keeps a close connection with the Financial Secretary and the Financial Services Bureau, which is an important part of the financial service in Hong Kong.
London gold is not a gold name, is a way of gold trading. In a narrow sense, London gold is a traded product provided by the London International Financial Futures Exchange, and stored in the city of London underground vault in a purity of 99.5% with 400 ounces of gold bricks. Broadly speaking, London gold represents all of spot gold trading. Without physical delivery and transportation, Loco London gold is popular among investors.
About the Account
There are two ways to open a demo account.
The demo account is the same as a real account in terms of source data, operation mode and interface, so that you can experience the authentic trading. However, in the demo account you trade with virtual money, while in the real account you need to deposit real money before you can start trading. The demo account is valid for 30 days, while the live account is permanent. If there is not enough money in the demo account or the account expires, you can apply for a new demo account.
Acetop Precious Metals Limited offers a free $200,000 demo account. Using a free demo account is a great way to practice online trading at live market conditions, without risking any money.
It is free of charge to open a real account.
You can choose the following channels to complete the account opening procedure:
In accordance with licensing and regulatory requirements, customers are required to submit the following documents via Email firstname.lastname@example.org or Fax (852) 2376 3923.
Customers can deposit money into your trading account via wire transfer.
The minimum amount for deposit to start trading is USD 50. The minimum trading volume for each order is 0.05 lot. The initial margin for each lot is US$1000. Therefore, the minimum amount for deposit for the trading is US$ 50 (0.05 X US$1000). It is suitable for common investors.
Deposits by wire transfer can take several business days, depending on your bank (please make sure to send us a copy of the receipt and your trading account number for tracking).
In order to make a withdrawal you need to submit your withdrawal request online http://en.igoldhk.com/fund_witharawal.html.
Due to anti-money laundering regulation, we always return funds to the same source from which you deposited.
We will process your withdrawal request in the next working day. When the fund is credited to your bank account depends on the bank processing.
About the Trading
MARGIN AND LEVERAGE
The LLG/LLS can be traded 24 hours a day on the international market and the market will only be closed during weekends and international holidays. The trading time in our company is:
The Bid is the sell price of LLG/LLS. It is the lesser of the two prices displayed. As seen in this example, it is normally displayed to the left of the Ask price.
The Ask is the buy price of LLG/LLS. It is the greater of the two prices displayed. As seen in this example, it is normally displayed to the right of the bid price.
The High of LLG/LLS indicates how high the price of LLG/LLS has traded during that trading day. The Low of LLG/LLS indicates how low the price of LLG/LLS has traded during that trading day.
A pip was traditionally the smallest price movement of LLG/LLS. Regarding Loco London Gold (LLG) and Loco London Silver (LLS), a pip is $0.01 USD or 1 cent. Therefore, if a price movement goes up or down by 5 pips, the price of LLG or LLS increases or decreases by $5 cents per ounce.
Acetop uses a “lot-based” trading system. 1 lot LLG equals 100 oz. 1 lot LLS equals 5000 oz. This makes trading for the client extremely manageable when trading across several markets.
If a client is taking a long position, it means the client has bought the LLG/LLS. A long position profits when the price of LLG/LLS goes up.
If a client is taking a short position, it means the client has sold the LLG/LLS. A short position profits when the price of LLG/LLS goes down.
Yes, Acetop permits the holding of both a long (Buy) and a short (Sell) position of the instrument at the same time.
The number of days a position on margin was held is not fixed. Once a position (bid or ask) is opened and held overnight, the overnight interest will be charged.
There are four types of pending order: Buy Stop, Buy Limit, Sell Stop, Sell Limit.
Equity is the total value of your account, which is equivalent to your Balance + Floating Profit/Loss of your open trades.
If you hold a buy position (Long) and the price increases, you will profit.
A spread is the difference between the bid price and the ask price. Spread=Ask price –Bid price
The spread is not fixed and may vary due to drastic fluctuations in the market.
The spread will be charged once you open a position and will not be charged again when you close a position.
Acetop offers the most competitive spreads. In general, the standard spread for Loco London gold is US $0.5 and for Loco London silver is US $0.04.
MARGIN AND LEVERAGE
The initial margin for each lot LLG/LLS is US$1000.
The initial margin is fixed. The initial margin for 1 lot LLG/LLS is US $ 1000.
All Acetop accounts are Margin Leveraged accounts.
Leverage refers to the ratio between the actual value and the amount that is required to act as a margin.
The leverage is not fixed, which depends on the price of London gold/silver, the lots and the margin.
Once a position (bid or ask) is opened and held overnight (03:29 a.m. GMT+8), an overnight interest will be charged
The overnight interest rate of a buy position (Long) is -1.75% while the overnight interest rate of a sell position (Short) is -0.15%.
Overnight interest= closing price (USD/oz) X contract unit (oz/lot) X lot (s) X rate X (Days/360).
MetaTrader 4 is the industry-leading trading platform for dealing with international financial markets. The terminal supports two types of operation execution, including Instant Execution and Pending Order. All types of orders are available, ensuring fully-fledged and flexible trading activities. Traders can use market orders, pending and stop orders, as well as the Trailing Stop.
√ Fast executions, no third-party bridges
INSTALL AND UNINSTALL
You can click “Download trading platform” on any page at the website of our company www.igoldhk.com to download and install the MT4. The following is a quick step-by-step guide for your reference:
After placing a position, you can view trading details of the order in “Terminal” at the bottom of the trading platform.
We will close your position automatically under the following conditions:
To close a position manually, first open the order window for the position. You can do this in the following ways from the “Terminal” window’s “Trade” tab.
The criterion for placing a Stop/Loss(S/L) or Take/Profit (T/P) for Loco London Gold (LLG) is a minimum of 200 pips (or $2 USD) and a maximum value of 99999 pips (or $999.99 USD) differing from the current market price. The criterion for placing a Stop/Loss(S/L) or Take/Profit (T/P) for Loco London Silver (LLS) is a minimum of 20 pips (or $0.2 USD) and a maximum of 99999 pips (or $999.99 USD) differing from the current market price.
When the position is closed at the S/L price, the column of S/L will appear in red; when the position is closed at the T/P price, the column of T/P will appear in green displayed in “Account History”.