Trading Information

Online trading platform

Client can download YUS Trader trading software from our website. After installation, enter the account number and password to log in, then client can start trading immediately.

Benefits:

(1) Provision of clear and sound analysis charts
(2) Simple trading processes, allow you to place trades within 3 seconds
(3) 24 hours real time quotes and trading
(4) Free Price alerts
(5) Standard Stop-Loss and Take Profit orders

Trading Rules

Trading Hours

Gold

Silver

Daylight Saving Hours

Hong Kong Time Monday 8.00am to Saturday 3.00am

Winter Hours

Hong Kong Time Monday 8.00am to Saturday 4.00am

* Trading hours may be modified according to various requirements and events in Global markets. Notifications of changes will be posted on Company website.

Account Type

Standard Account

Transaction size and Unit per contract

Gold - 100 oz

Silver - 5000 oz

Lots per Trade

0.01 – 10 lot

Margin required per lot

1% of Contract Price (Use open price for calculation)

Service Charge per lot

Will be determined by company according to market

Reference Basic Spreads

Gold - US$0.5 per oz

Silver - US $0.03 per oz

Storage fee per lot

US $0

Interest

Interest Calculation Formula = [(Contract size) x (No. of Contract) x (Closing Price) x (Potential buyer’s or seller’s interest rate)/ (360 days)] x (Number of days position held open)

According to International Banking practices, the overnight interest is calculated based on the market determined interest rates on the Settlement date (T+2).

Trade placed on Monday, Trading position held from Monday to Tuesday, 1 day overnight interest has to be paid.

Trade placed on Tuesday, Trading position held from Tuesday to Wednesday, 1 day overnight interest has to be paid.

Trade placed on Wednesday, Trading position held from Wednesday, 3 days overnight interest has to be paid.

(Includes interest for Saturday and Sunday)

Trade placed on Thursday, Trading position held from Thursday to Friday, 1 day overnight interest has to be paid.

Trade placed on Friday, Trading position held from Friday to Monday, 1 day overnight interest has to be paid.

Locked Position Margin
(per lot)

US $0

Unlocked Positions Margin Required

Equivalent to one lot margin required

Distance between Market and Limit Orders

Gold – 200 points (i.e. US$2)

Silver – 20 points difference (i.e. US$0.20)

(Note: Due to the recent volatility in the Precious Metals market, the following rules have been imposed, until further notice.)

30 minutes before the close of each week and 30 minutes before the release of important data, All limit orders placed will be automatically cancelled.

30 minutes before the close of each week and 30 minutes before the release of important data, New limit orders cannot be placed.

Margin Rules

YUS trading system uses special Balance/margin ratios as trading account margin adequacy indicators.

Balance/ margin ratio is calculated by dividing the account balance by margin used.

If customer’s Balance/Margin ratio falls below 100%, the available balance on trading platform will turn red as a warning indication.

Auto Liquidation

During the trading session, if fluctuations in precious metal prices causes customer’s balance/margin ratio to fall below 20%, this will trigger an automatic close out of all open positions.

Where the account has insufficient margin and a margin close out is triggered, all tradable open positions in the account will be automatically closed using the prevailing market prices.

Order of position closure will be based on principles of Larger lot size being closed first, one by one, until Customer’s balance/ margin ratio rises above 20%.

In instances where the lot sizes are similar, “first in, first out” principle will be used to determine which trades get closed first.

(Note: The Company reserves the right to liquidate all outstanding open contracts in the account. Once contracts are closed out, the customer needs to account for all losses, including positions that were held, which have incurred losses resulting from differences in market opening and closing prices.)

Margin Call Rules

During Weekends and US holidays, the company calculates the balance/ margin adequacy ratio before market close and determines if this is more than or equal to 100%; If less than 100%, the customer is required to make a deposit to maintain 100%, before 2:00pm the following day. Additional deposit amounts required to cover outstanding positions can be determined via our Customer Service, over the Internet or Telephone.

If the client fails to top up the required amount, the company will resort to position closure will be based on principles of Larger lot size being closed first, one by one, until Customer’s balance/ margin ratio rises to or above 100%.

In instances where the lot sizes are similar, “first in, first out” principle will be used to determine which trades get closed first.

(Note: We will attempt to notify customers to top up deposits to cover shortfalls in positions in all permissible instances. However instances where failure of timely contact with customers may occur. Customers are encouraged to regularly monitor market conditions and prepare in advance, sufficient margin to cover positions. Please do not hesitate to consult any of our sales representatives. )

Risk Disclosure and Declaration

Trading leveraged Spot Gold is high risk, and losses can be substantial. Investors may sustain losses to the full amount of initial margins placed. There may be instances due to market disruption or closure, when the placement of contingent orders such as “Stop-Loss” or “Stop- Limit” Orders, may not necessarily limit losses to the intended amount, due to possible failure in execution of these orders.

Investors may be called up at short notice to deposit addition funds to fulfill margin requirements. Failure to top up deposits within the stipulated timeframe may result in Investors’ positions being liquidated. Investors are fully responsible for any resulting losses incurred in their account.

Investors must carefully consider their personal financial situation and determine if such leveraged trading is suitable.




YUS International Bullion Limited
   
Hong Kong Hotline : (852) 37 488 488 China Toll Free Line : 4001 200812
Fax : (852) 37 488 498 24 hour Interactive Voice Line : (852) 37 488 489
Email : cs@99gold.com.hk Address : Unit A, 21/Floor, Tower B, Billion Centre, No. 1 Wang Kwong Road, Kowloon Bay, Kowloon, Hong Kong

 

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