Trading Terms

> Trading terms

Margin Requirements^{(Per lot)}

Trading Limit

Trading Hours

Summer Time

Monday 07:00 a.m. to Saturday 04:30 a.m.: Closed: 05:00 a.m. to 06:00 a.m.

Winter Time

Monday 07:00 a.m. to Saturday 05:30 a.m.; Closed: 06:00 a.m. to 07:00 a.m.

Contract Unit (Per lot)

Spot Gold (XAUUSD)

100 ounces

Spot Silver (XAGUSD)

5000 ounces

Hong Kong Gold (HKGHKD)

100 taels

Renminbi Kilobar Gold (RKGRMB)

1000 grams

Margin Requirements (Per lot)

Spot Gold (XAUUSD)

Retail Client HKD 20,000
Professional Investor HKD 10,000

Spot Silver (XAGUSD)

Retail Client HKD 16,000
Professional Investor HKD 8,000

Hong Kong Gold (HKGHKD)

Retail Client HKD 35,000
Professional Investor 10,000

Renminbi Kilobar Gold (RKGRMB)

Retail Client RMB 6,000
Professional Investor RMB 6,000

Spread

Spot Gold (XAUUSD)

USD 0.3 - USD 0.5

Spot Silver (XAGUSD)

USD 0.04

Hong Kong Gold (HKGHKD)

HKD 7.0 – HKD 5.0

Renminbi Kilobar Gold (RKGRMB)

RMB 0.25

Storage (Overnight trade)

Hong Kong Gold (HKGHKD)

HKD40 per lot

Interest (Overnight trade)

Spot Gold (XAUUSD)

Determined in accordance with market interest rates (Interest Spread -2.5%)

Spot Silver (XAGUSD)

Determined in accordance with market interest rates (Interest Spread -2.5%)

Renminbi Kilobar Gold (RKGRMB)

Determined in accordance with market interest rates (Interest Spread -2.5%)

Trading Limit

Spot Gold (XAUUSD)

Minimum 0.1 lot to maximum 10 lots each time

Spot Silver (XAGUSD)

Minimum 0.1 lot to maximum 10 lots each time

Hong Kong Gold (HKGHKD)

Minimum 0.1 lot to maximum 10 lots each time

Renminbi Kilobar Gold (RKGRMB)

Minimum 1 lot to maximum 10 lots each time

Limit Order

Expiration dates of limit orders are spot day (market closing on spot day) and Friday (market closing on Friday). The prices of limit orders that clients set must vary from the prevailing market price: US$1.25 or above for LLG, HK$18 or above for HKG, US$0.1 or above for LLS, RMB 0.6 or above for RKG. When clients set liquidation limit orders, our company will act on the open contracts clients held when prices reach the limit. If clients do not hold open contracts at that time, our company will cancel the limit order.

Liquidation

At any time when the equity on client accounts drops to or below 2% of the margin requirement, our company will liquidate all open contracts at the market price on the account. Clients still need to take responsibility on the loss after liquidation.

Margin Level For Open Positions Over The Market Closed

If the market is closed on next day, equity of the account must be maintained to 150% or above of margin level to hold position overnight (otherwise ASPIRE will use the closing price to liquidate the open positions with” Last in First Our” sequence. 1 lot per time, if single transaction is less than 1 lot, all open position will be liquidated, until the account reach to required margin level).

Deposit & Withdrawal

Deposit

Clients can deposit money into a bank account as designated by the Company in transfer, FPS, cheque or wire transfer, and clearly written on the bank deposit receipt your name and account ID (where newly opened deposit accounts, please indicate “New Account”) and send the receipt by e-mail (scan it first) to the Company's CS department. Upon duly receipt of your payment, the amount will be displayed in the trading account for trading purposes. If deposited by cheque, the deposit will be deposited into trading account on the next trading day after receiving confirmation from the bank.

Please email the deposit receipt to cs@aspirehk.ltd‍

Payee name:

Aspire Global Company Limited

Bank:

Chong Hing Bank Limited

Bank address:

Chong Hing Bank Centre, 24 Des Voeux Road, Central, Hong Kong

Bank account No. :

041-256-10-3837801

Swift code:

LCHBHKHHXXX

FPS ID:

112265715

Bank:

Public Bank (Hong Kong) Limited

Bank address:

Shop 106, 1/F, Savannah Place, No. 3 Chi Shin Street, Tseung Kwan O, Hong Kong

Bank account No. :

028-0749-191022-031

Swift code:

CBHKHKHHXXX

FPS ID:

111318879

Withdrawal

Client is required to enter withdrawal amount and relevant information in withdrawal column on the client center before 12pm at noon. The system will charge relevant amount from client's trading account upon receiving the message. Relevant amount will be transferred to the bank account designated by the client by cheque in the afternoon on the withdrawal day.

Deposit / Withdrawal Notes:
a) - No fees for deposits / withdrawals
b) - No third party deposits / withdrawals are accepted
c) - No cash deposits / withdrawals are accepted

Trading Hours

Contract Unit^{(Per lot)}

Margin Requirements^{(Per lot)}

Spread

Storage^{(Overnight trade)}

Interest^{(Overnight trade)}

Trading Limit

Summer Time

Winter Time

Spot Gold (XAUUSD)

Spot Silver (XAGUSD)

Hong Kong Gold (HKGHKD)

Renminbi Kilobar Gold (RKGRMB)

Spot Gold (XAUUSD)

Spot Silver (XAGUSD)

Hong Kong Gold (HKGHKD)

Renminbi Kilobar Gold (RKGRMB)

Spot Gold (XAUUSD)

Spot Silver (XAGUSD)

Hong Kong Gold (HKGHKD)

Renminbi Kilobar Gold (RKGRMB)

Hong Kong Gold (HKGHKD)

Spot Gold (XAUUSD)

Spot Silver (XAGUSD)

Renminbi Kilobar Gold (RKGRMB)

Spot Gold (XAUUSD)

Spot Silver (XAGUSD)

Hong Kong Gold (HKGHKD)

Renminbi Kilobar Gold (RKGRMB)

Limit Order

Liquidation

Margin Level For Open Positions Over The Market Closed

Deposit & Withdrawal

Deposit

Withdrawal