Hong Kong Guotai Gold-Overview of Minimum Deposit, Spreads & Leverage

General Information & Regulation

Hong Kong Guotai Gold (www.guotaigold.hk) is a Category AA member of the Chinese Gold and Silver Exchange (CGSE) with member no.096. It is dedicated to providing professional, and individual investors with the highest quality leveraged gold and silver 24-hour spot trading services.

Market Instruments

Guotai Gold provides investors with 24-hour Loco London gold and Loco London silver spot trading activities. Precious metals usually refer to gold, silver, and platinum, chemically stable metals with specific and strong value retention ability.

Minimum Deposit

In addition to real trading accounts, Guotai Gold also offers traders demo accounts for investors to practice their trading skills and strategies. The minimum deposit requirements part is not fully disclosed. Traders can contact this broker's customer service staff to get detailed information.

Guotai Gold Leverage

Leverage is 1:50 for both local London Gold and London Silver, with a minimum of 0.1 lot and a maximum of 10 lots for a single order.

Spreads & Commissions

The spread on Local London Gold is $0.50 with a commission of $50 per lot, plus a position interest rate of -1.75% (long) and -1.25% (short). Local London Silver is traded with a spread of $0.05, a commission of $50 per lot, and a position interest of -1.75% (long) and -1.25% (short). A three-day inventory fee is payable for open positions at weekends.

Trading Platform

Guotai Gold offers traders a powerful MT4 trading platform, one of the most widely used software in precious metals trading, combining three major functions: quotes, technical analysis, and order trading. The MT4 trading platform provides dozens of line drawing tools, charting options for trading sessions, and popular international indicators to analyze the market and ensure that users get the maximum benefit at the first time. Guotai Gold MT4 trading platform is available for desktop and mobile versions.

Deposit & withdrawal

Guotai Gold supports traders to deposit funds via online payment in RMB, bank wire, or bank transfer.

Advantages & Disadvantages

The main advantages of Guotai Gold in Hong Kong are:

l Chinese Gold and Silver Exchange AA-rated license

l Demo accounts available

l MT4 trading platform

l 24-hour trading services

The main disadvantages of Guotai Gold are

l Higher transaction fees

Fewer deposit and withdrawal options