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Trading Rules
- Margin Requirement for Gold is $1,500 USD per lot.
- Margin Requirement for Silver is $2,000 USD per lot.
- Contract size for Gold is 100 oz.
- Contract size for Silver is 5000 oz.
- Daylight Saving OFF:
Market Closing Time: Daily 05:00 -06:00 Interest Settlement Time: Daily 04:00Beijing/ Hong Kong Time United States East Coast Monday 07:01 - Saturday 04:00 Sunday 19:01 - Friday 16:00
- Daylight Saving ON:
Market Closing Time: Daily 06:00 -07:00 Interest Settlement Time: Daily 04:00Beijing/ Hong Kong Time United States East Coast Monday 07:01 - Saturday 05:00 Sunday 18:01 - Friday 16:00
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Product Spread Margin Requirement Contract Size Gold USD $0.50 USD $1000 100 troy oz Silver USD $0.05 USD $2000 5000 troy oz - Bacera Bullion Limited reserves the right to change the spread without notice.
All open Precious Metal positions are rolled to the next trading day. Depending on whether you are long (buy) or short (sell), you will either be debited or credited rollover interest on a daily basis. Rollover rates will be displayed as a Swap Fee on the Bacera Bullion ProTrader; any Swap Fees debited or credited will be updated daily. Please note that all open positions at the close of market on Wednesday incur a three-day rollover debit/credit, and bank holidays will affect the number of days that a position is rolled forward.
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Symbol Long Short Gold -1.50 -1.50 Silver -2.00 -1.00 - *Swap Chart is for reference only, actual swap is determine by dealing department.
- The formula for calculating the Precious Metals Swap is :
Number of Lots X Contract Size X Swap Rate / 360 Days - Example : To Calculate the Swap for 10 lots of Long Spot Gold held overnight is
10 Lots X (100z x $1200 USD) X (-1%) / 360 Days = -$33.33 USD
Long and short positions of the same size that are open on the same product can reduce the risk for the client in the adverse action market. This involves opening a position in the opposite direction of the same size as the open position. The margin is ¼ of the initial margin.
Bacera Bullion's trading platform will automatically place a liquidation order for a Client's open position(s) when their Total Equity balance falls below 20% of the Initial Margin required for all open positions.
*Derivative Markets can be very volatile, and Clients should be aware that prices on CFDs instruments may fluctuate rapidly over wide ranges. Prices depend on number of factors, including interest rates, supply and demand, and government actions. Clients should keep in mind that during such volatile market conditions Stop-Loss orders may not be honored at the price requested by the Client. It is possible that the market may "skip" the Stop-Loss order price due to a significant market event.
*Derivative Markets can be very volatile, and Clients should be aware that prices on CFDs instruments may fluctuate rapidly over wide ranges. Prices depend on number of factors, including interest rates, supply and demand, and government actions. Clients should keep in mind that during such volatile market conditions Stop-Loss orders may not be honored at the price requested by the Client. It is possible that the market may "skip" the Stop-Loss order price due to a significant market event.
Bacera Bullion is committed to providing customers with the best trading services and best pricing in accordance with the transaction requirements. However, due to the impact of market fluctuations or other economic influences, the transaction price may not be able to be traded in accordance with the transaction requirements. Sometimes markets move so quickly that gapping occurs. If gapping occurs in the underlying market, pending orders will be automatically canceled due to insufficient margins. In addition, Bacera Bullion reserves the right at its discretion to make the final decision in regards to customer trade limits.
| Buy Limit: | an order to execute a transaction at a specified price (the limit) or lower |
| Sell Limit: | an order to execute a transaction only at a specified price (the limit) or higher |
| Buy Stop: | an order to execute in anticipation of the CFD price, having reached a certain level, will keep on increasing |
| Sell Stop | an order to execute in anticipation of the CFD price, having increase to a certain level, will fall. |
| * We do not accept "Buy Stop" and "Sell Stop" at the same time on the platform | |
Due to market volatility after a weekend or holiday, Bacera Bullion will not guarantee that a limit order/stop gain/stop loss order will be fulfilled at the same price as requested by the client. Bacera Bullion will execute a limit order/stop gain/stop loss order if the prevailing market price difference is 20 pips or greater.
30 minutes before key economic figures (i.e. U.S. non-farm payroll, U.S. employment, etc) are set to be announced, all limit orders and including stop loss and limit profit orders will have the ranges adjusted. After key economic announcements and/or gaps occur, your limit orders will be executed at first available market price, NOT your limit price. Bacera Bullion Compliance Department reserves the right to cancel any orders that are found to be placed improperly and/or in violation without prior notice.
*A forced liquidation may cause the greater change of prices and a gapped phenomenon due to the volatility of the market. The profit and loss of the relevant transaction price will regardless be the first priority after execution. The clients are resposible for any losses after the gap of transaction price.
*A forced liquidation may cause the greater change of prices and a gapped phenomenon due to the volatility of the market. The profit and loss of the relevant transaction price will regardless be the first priority after execution. The clients are resposible for any losses after the gap of transaction price.
To ensure quality service, when the Client's local internet, personal computer, or electronic trading platform fail to perform normal trading , telephone translations are available. Client account numbers and passwords need to be provided.
(Telephone transactions are for trading purposes only. No consultations.)
(Telephone transactions are for trading purposes only. No consultations.)
Daily and monthly statements may be printed for reference. It is very important to check all the contents of the reports in detail and notify Bacera Bullion within 2 business days if there are any errors and/or discrepancies on the reports. After 2 business days, any corrections and/or adjustments to any errors or discrepancies will be made solely at the discretion of Bacera Bullion.
Bacera Bullion Limited reserves the right to make any changes in the trading rules. Changes in Margin Requirements will be announced in the Notices Section of Bacera Bullion's website and will take effect immediately.
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