Trading Terms

> Trading Terms

Trading Limit

Trading Hours

Summer Time

Hong Kong time Monday 07:01 a.m. to Saturday 04:30 a.m.

Settlement Hours (Market Closed) : Hong Kong time 04:59 a.m. to 06:01 a.m.

Winter Time

Hong Kong time Monday 07:01 a.m. to Saturday 05:30 a.m.

Settlement Hours (Market Closed): Hong Kong time 05:59 a.m. to 07:01 a.m.

*The time zone in the trading platform system is GMT+3 (US Summer Time), GMT+2 (US Winter Time)

Contract Unit (Per lot)

Spot Gold (XAUUSD)

100 oz

Spot Silver (XAGUSD)

5000 oz

Hong Kong Gold (HKGHKD)

100 taels

Renminbi Kilobar Gold (RKGRMB)

1000 g

Margin Requirements (Per lot)

Spot Gold (XAUUSD)

Retail Client HKD20,000
Professional Investor HKD10,000

Spot Silver (XAGUSD)

Retail Client HKD16,000
Professional Investor HKD8,000

Hong Kong Gold (HKGHKD)

Retail Client HKD35,000
Professional Investor HKD10,000

Renminbi Kilobar Gold (RKGRMB)

Retail Client RMB6,000
Professional Investor RMB6,000

Minimum Spread

Spot Gold (XAUUSD)

Optional Spread : (A) $0.3 (No rebate)
(B) $0.4 (HK$60 rebate per lot)
(C) US$0.5 (HK$120 rebate per lot)
You can choose A, B or C when you open an account. A, B and C for Hong Kong Gold and A, B and C for Spot Gold correspond to each other, and if you choose A, they are all A. You can't have A for Hong Kong Gold + C for Spot Gold.

***Promotion period***

Spot Silver (XAGUSD)

USD 0.04

Hong Kong Gold (HKGHKD)

Optional Spread : (A)HKD 5.0(No rebate)
(B)HKD 6.0(HK$80 rebate per lot)
(C)HKD 7.0 (HK$160 rebate per lot)
You can choose A, B or C when you open an account. A, B and C for Hong Kong Gold and A, B and C for Spot Gold correspond to each other, and if you choose A, they are all A. You can't have A for Hong Kong Gold + C for Spot Gold.

***Promotion period***

Renminbi Kilobar Gold (RKGRMB)

RMB 0.2

Storage (Overnight trade)

Hong Kong Gold (HKGHKD)

HKD 50 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/Each account can hold a maximum position of 50 lots

Spot Silver (XAGUSD)

Minimum 0.1 lot to maximum 10 lots each time/Each account can hold a maximum position of 50 lots

Hong Kong Gold (HKGHKD)

Minimum 0.1 lot to maximum 10 lots each time/Each account can hold a maximum position of 50 lots

Renminbi Kilobar Gold (RKGRMB)

Minimum 1 lot to maximum 10 lots each time/Each account can hold a maximum position of 120 lots

Limit Order

Expiration dates of limit orders are spot day (market closing on spot day) and Specified validity date. 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 0.3 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.

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 100% or above of margin level to hold position overnight, otherwise ASPIRE will use the closing price to liquidate the position.

Transaction Exchange Rate

The exchange rate for USD to HKD is 7.8. ASPIRE can adjust the aforementioned exchange rate any time, and also has absolute discretion to decide the manner and time for any conversion from one currency into another.

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”) ,then log in to the client portal platform through the "User Login" on the company's website and upload the relevant deposit receipt. 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.

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 Code: 041
Bank Account No.: 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 Code: 028
Bank Account No.: 0749-191022-031

Swift Code: CBHKHKHHXXX
FPS ID: 111318879

Withdrawal

Clients can log in to the client portal platform through the "User Login" on the company's website and submit withdrawal instructions 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

Deposit Tutorial