FAQs

Trading physical bullion requires 100% funds (high cost) and has low liquidity. Investors can only benefit when bullion price rises. Loco London gold/silver trading adopts international contract unit. Investors do not need to pay actual money, and only need to pay about 1% margin. With 24-hour T+0 two-way trading, they can benefit from both buying and selling, and can actively manage investment directions with flexibility.

Futures trading have high threshold and short trading period, and risk of settlement regardless of profit or loss when contract expires. The advantages of precious metals trading are 24-hour non-stop trading with lowest trading amount of 0.1 hand (equivalent to margin of HK$600), and it can be liquidated and settled at any time without the risk of forced liquidation.

You can apply directly online or download and complete account-opening documents, and provide your identification as well as address proof for the recent three months, and then fax or email to us.

It is totally free to open accounts at our company, and the minimum amount for investing in Loco London gold is HK$600.

Our company’s electronic trading platform is very simple to operate. You can first apply for a free demo account on the website and login in the trading system to do simulated trading. Free demo account has identical data source, operation mode and window with the real account. If you have any questions during operation, please feel free to contact online client service for inquiries.

The maximun and minimum number of hands for precious metals are 20 lots and 0.1 lots per order respectively.
The maximum and minimum number of hands for RKG are 30 lots and 1 lots per order respectively.

The spread refers to the difference between the bid price and the ask price, which is the cost of opening the transaction. Loco London gold’s spread is US$0.5/oz., and Loco London silver’s spread is US$0.04/oz.

There is no fixed expiration dates for existing contracts and investors can hold them indefinitely, but with every passing day, investors are required to pay overnight interest. That means contracts that are not settled on the opening day and are held into the next day will produce overnight interest.

Calculating formula is: opening price x contract unit x number of hands x interest rate x (1/360)= overnight interest

Example: Select on the trading platform Loco London Gold trading and open 1 hand, with opening price is US$1300/oz., and one overnight, and LLG interest rate of 1.25% on that day.
The calculation is: opening price US$1,300/oz. x contract unit 100 oz. x number of hands 1 hand x interest rate 1.25% x (1/360) = US$4.51

“Lock Position” means there are same volume of long and short position opened in different prices within the same product contract as to lock its floating profit / loss temporarily. Both sides of opened positions will be charged interest until liquidation. Investors need to make a careful consideration of using ‘Lock Position’ because this strategy will increase your investment capital.

When the equity of the account drops to or below 5% of the margin requirement, the electronic trading platform will automatically liquidate all open contracts on the account at the current market price.

Yes, the fee is charged as follows:

For the last 3 months	Free
For More than 3 months to 3 years	$30 per day
For More than 3 years to 6 years	$1,800 each (monthly basis)