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Log InCFD Gold/Silver
FAQs:
Is there a commission for CFD Gold/Silver trading?
uSMART does not charge any commission for spot gold and silver CFD trading.
Spreads for CFD Gold/Silver trading
The spread for CFD Gold trading from 0.27pts, and for CFD Silver trading from 1.3pts. The actual spread shall be subject to the display in the app at the time of placing an order.
Margin Requirements
Spot gold/silver trading adopts a tiered margin system, starting from a margin ratio of 20%. When placing an order for spot gold/silver CFDs, the uSMART app will automatically display the required margin amount.
| Symbol | Currency for margin | Lower limit (Exclude lower limit) |
Upper limit (include upper limit) |
Margin ratio of retail investors |
Margin ratio of accredited investors |
| XAU/USD | USD | - | 800 | 20% | 20% |
| 800 | 2,000 | 20% | 20% | ||
| 2,000 | 4,000 | 20% | 20% | ||
| 4,000 | 16,000 | 35% | 35% | ||
| 16,000 | 45% | 45% | |||
| XAG/USD | USD | - | 13,000 | 20% | 20% |
| 13,000 | 63,000 | 20% | 20% | ||
| 63,000 | 160,000 | 20% | 20% | ||
| 160,000 | 1,300,000 | 35% | 35% | ||
| 1,300,000 | 45% | 45% |
Can I trade CFD Gold/Silver in the same account as other CFD products?
Yes, with uSMART, you can open a single CFD account and trade forex, spot gold/silver, digital currency products, etc.
What is the base settlement currency?
The base settlement currency is the US dollar. All realized profits/losses and overnight financing costs are settled in US dollars.
Are there overnight financing costs for holding positions?
Overnight financing costs are charged when holding positions beyond GMT 22:00 (during standard time), and they are calculated and deducted from the account's cash balance.