What does the trading cost include?

The trading costs for customers include commission fees, spreads, and overnight financing charges.

What are the types of trading?

There are two types of orders: Market Orders and Limit Orders.

What are the types of limit orders?

Limit orders include pending orders and stop loss/stop profit orders.

What are the four types of pending orders?

Buy Stop: If you expect the contract price to rise further after breaking a certain price level, you can place a Buy Stop order.
Buy Limit: If you expect the contract price to drop first to a certain level and then rebound to rise further, offering greater profit potential, you can place a Buy Limit order.
Sell Stop: If you expect the contract price to fall further after breaking a certain price level, you can place a Sell Stop order.
Sell Limit: If you expect the contract price to rise first to a certain level and then rebound to fall further, offering greater profit potential, you can place a Sell Limit order.

What is the validity period of a pending order?

The above four types of pending orders are only accepted and preset to be valid for the current week. Any unexecuted pending orders will be automatically canceled on Friday. (They will also be automatically canceled before holidays or early market closures.)

What is the time difference between the platform time and Beijing time?

The platform time is GMT+2 (Eastern European Time), which is 6 hours behind Beijing time (GMT+8). To convert platform time to Beijing time, add 6 hours.

What is hedging (or locking in a position)?

Hedging, also known as "locking a position," generally refers to opening a trade with equal quantity but opposite direction to ensure that no matter which direction the price moves (up or down), the position's profit and loss will not change. For example, if a customer places a buy order for one standard lot and then a sell order for one standard lot, this creates a fully locked position. If the customer places a buy order for one standard lot and then a sell order for only 0.5 lots, this creates a partial hedge position.

How is the margin for the hedged position charged?

Hedging (lock position) charges only single-side margin, and the account margin level must be above 100% to allow hedging.  (Example: Open one standard lot of London Gold (XAUUSD) Buy order, which requires 1500 USD margin. Then open one standard lot of London Gold Sell order to form a hedge position. The system will still only charge 1500 USD margin in total. This means you are holding two opposite positions simultaneously but only need to prepay the margin for one position.)    

What is the margin deposit ratio?

The margin deposit ratio is the percentage ratio between the client's equity and the used margin. Margin Deposit Ratio = (Equity / Used Margin) * 100%

What are stop loss and take profit?

When placing an order, the customer sets a target price. Once the market price reaches the price set by the customer, the position will automatically close. This mechanism helps to effectively avoid risks to the account funds due to market price fluctuatio