1. By phone to your Account Executive/Customer Service Representative.

2. Via Internet trading platform.

3. By phone to the trading hotline: (852) 2117-3981 (Precious Metal)

The Precious Metals market is open 23 hours a day on weekdays and is closed over the weekend.

You will not be able to place any trades, stops or limits when the market is closed.

Server Time (GMT+2): Open from Sunday 23:00 | Close on Friday 23:00

* Our Server Time is currently set to GMT+2 due to Europe Daylight Savings changes.

Settlement day is the second working day after the trade day (T+2).

One lot of Gold: 100 ounces

Minimum required lot is 1 Micro lot, 0.01 lot.

Download details here

Transactions above the minimum size can be in fractions of a contract.

The minimum size: 0.01 of one contract, the equivalent of 1 ounce of gold, 50 ounce of silver.

The maximum size: 50 lots depending on market availability but this may be subjected to slippage.

Prices for London Gold (XAUUSD) are quoted in USD. If you are trading 1 lot of gold, one cent movement is equivalent to USD 1. Please see examples:

Gold:
Opening price is 1700.10 and the price moves up to 1700.11. The profit value is USD 1.

Silver:
Opening price is 34.70 and the price moves up to 34.71. The profit value is USD 50.

Leverage allows you to hold a larger position than the initial cash deposit. Your initial outlay is supplemented to increase the value of your underlying investment. The higher the leverage, the larger the position the trader can execute for the same amount of the initial deposit.

For example, a client using 100:1 leverage could hold a position in the forex market of $100,000 with a margin of $1,000. For a 200:1 leverage, the client would need a $500 margin to hold the same position.

Leverage increases the potential of high returns when the market moves in their favour. However, please note that leverage will act against you when the market moves in the opposite direction to your prediction.

Leverage Levels:

Different leverage levels apply to different account types.

When an investor opens an account with a broker, an initial deposit is required in order to open a position in the market. The required cash deposit will act as a deposit to cover any credit risk. Depending on the agreement, the investor could be able to leverage up to a certain limit.

In the event you are unable to maintain sufficient funds in your account after hitting Margin Call, and if your account value depreciates to the Stop Out level, your positions will be closed automatically to prevent further loss to your capital. At Blackwell Global, Stop Out level is set at 20%.

Overnight interest is the interest paid on or received from the base currency and the denominated currency if all open positions are held overnight. Since Precious Metals is a spot trading product, all trading positions will be settled within two business days at the spot xchange rate. Overnight interest is automatically settled daily at 21:59 GMT (server time 22:59 GMT). Overnight positions from Wednesday to Thursday will be charged three times the number shown on the following table. Other surcharges are interest paid on Saturdays and Sundays when the market is closed.

Precious Metals rollover interest calculation:
Daily open interest x Number of lots traded x Amount of days