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FX Spot and FX Forward Outright Trading
Conditions

Order Driven Execution


Derive the value of potential price improvements on every trade. Assume greater control of your trading, and achieve an optimal balance between fill ratio and price level through our fully customised orders.

Golden Group offer a variety of orders, including Market, Limit and Stop orders.

 

Bid/Ask Spread


Golden Group provides access to a broad range of liquidity sourced from the largest financial institutions in the world. 

Price is related to quantity (liquidity). Golden Group receives the purchase price associated with the purchase price, and the sales volume associated with the selling price.

Financing


At Golden Group, In the day-end, all open positions will be automatically transferred to the next day, all go to the next day's open interest, interest payable or received their will into the number to your account, the interest rate will be based on market and decision and announcement in our system. The gap between long-term interest rates are 3% a variety of products annually.

Minimum ticket fee


When transaction volume is below the threshold volume, the order fee will be charged. For most currency pairs, the threshold amount is the base currency of 1,000 units, but the threshold amount may change.

Minimum trade size


Trades cannot be executed below the minimum trade size.

Forex Trading hours


Golden Group is open for trading 24 hours a day, 6 days a week, opening on a Monday morning in China (08:00am Local Time) and closing on a Saturday morning (4:00am Daylight Saving Time/5:00 am winter time).

* Market holidays will notice.

Special Dates and Times for FX Metals


Holiday Date Special Trading Hours
Martin Luther King Holiday 2017 16-Jan-17 Trading halt at 13:00 US EST,
Trading resumes at 18:00 US EST
President's Day 2017 20-Feb-17 Trading halt at 13:00 US EST,
Trading resumes at 18:00 US EST
Good Friday 2017 14-Apr-17 Closed
Memorial Day 2017 29-May-17 Trading halt at 13:00 US EST,
Trading resumes at 18:00 US EST
Independence Day 2017 04-Jul-17 Trading halt at 13:00 US EST,
Trading resumes at 18:00 US EST
Labor Day 2017 04-Sep-17 Trading halt at 13:00 US EST,
Trading resumes at 18:00 US EST
Thanksgiving Day 2017 23-Nov-17 Trading halt at 13:00 US EST,
Trading resumes at 18:00 US EST
Christmas 2017 25-Dec-17 Closed
New Year 2018 01-Jan-18 Closed

FIFO

When netting open FX positions Golden Group uses FIFO (First-In-First-Out) rules, which means that the first position that you open is the first position to be closed.

Example: You are trading EURUSD and have opened the following positions:

1) Buy 1M EURUSD
2) Buy 1M EURUSD
3) Sell 1M EURUSD
4) Sell 2M EURUSD
Total Sell 1M EURUSD

The first long position 1) will net out with the first short position 3), the second long position 2) will net out with half of the second short position 4), leaving only one short position of 1M EURUSD at the end of the trading day.

NOP Value

The NOP Value (Net Open Position Value) is the sum of all single currency exposures converted into the base currency of the account.

If the NOP value exceeds the NOP limit, you will only be able to place orders that close positions or reduce the NOP value. The breakdown of single currency exposures and the NOP value is displayed in the MetaTrader 4 platforms in the ‘Terminal trading’.

Forex Risk Warning

 

Forex is categorised as a red product as it is considered an investment product with a high complexity and a high risk.