Code

Contract Size

Margin

Spread

Pip price

• The spread amount is not guarantee and can be changed if market moves rapidly (such as large currency interventions)
• Margin Requirement can be changed and increase according to market fluctuation.
  

• Open an New Account
  Standard Account Initial deposit: USD10,000 or above. Client must comply with all terms and conditions set out in opening documents.
  
  
• Transaction Currency
  All account operations shall be accounted in U.S. dollars calculations. US Dollar is the basis of calculation for all transactions and contracts in the trading account and displays in client's statement and ledger. Hong Kong dollars can also be used as settlement currency, we will convert the US Dollar into Hong Kong Dollar at US$1.00 to HK$7.80 and calculate all transactions and contracts in the trading account and displays in client's statement and ledger is Hong Kong dollars.
  
  
• Margin Requirement
  Margin Requirement is 1% of the contract value. The MARGIN REQUIRED for each pair of locked lots is equal to that for one lot.
  
  
• Overnight Interest
  GMT Mon till Fri XAG/XAU/HKGT/HKGG 19:00(US Market Close Summer) .GMT Mon till Fri XAG/XAU/HKGT/HKGG 20:00 (US Market Close Winter) . The executed price times the unit of contract is the interest earned or paid for each unliquidated contract. (XAU/XAG, three days interest will be charged/credited on un-squared trades and positions on Wednesday, HKGT/HKGG, three days interest will be charged/credited on un-squared trades and positions on Friday.). The interest earned or paid for each unliquidated contract follows the prevailing bank rate and market rate; it will be announced in the website.
  No interest will be payable on the margin deposit placed into the trading accounts.
  
  
• Margin Alert
  The margin ratio in the BullionTrader platform is an index to show the client whether the margin in their account is sufficient for trading. When the equity balance falls below 100% of the margin requirement, the BullionTrader trading platform will alert client by displaying color changes on the equity balance.
  
  
• Settlement on Lack of Maintenance Margin
  When the maintenance margin ratio is below 50%, the all open contract will closed automatically by BullionTrader trading system against the current market rate. When the margin is below 20%, the all hedging contract will closed by BullionTrader trading system automatically against the current market rate to protect further loss. Starlinggold.com reserves the rights to liquidate/close any or all open positions. Consequently, Client/s will be responsible for any resulting losses after contract settlement.
  
  
• Maintenance Margin Level
  It is the customer's responsibility to monitor and maintain his/her margin account balances at all times. Starlinggold.com reserves the right to adjust the per-unit margin requirement at any time. The margin will be adjusted at the sole discretion of Starlinggold.com’s management, depending on the account equity, volume traded and market conditions at the time of adjustment. The customers will be informed of margin changes via message by online platform. Customers should make all necessary precautions to prevent a margin call if the desire of the customer is to hold onto his/her open position(s). When an account balance is no longer able to cover the minimum margin requirement, Starlinggold.com has the right to settle all open contracts that ones positions will be closed automatically against the current market rate to protect further loss.
  


• Order Type ﹣Market order
  A market order is an order to buy or sell a specific currency, which is to be filled immediately at the current exchange rate quoted on the screen. Under normal market conditions, orders are executed automatically within 5 – 10 seconds. It is important to note that during extremely fast market conditions, it is possible for a trader to get requote. This means that when prices are moving rapidly, the price quoted on the screen may have already changed by the time the order is processed. Under no circumstances will a market order be filled at a price which the client has not approved. The BullionTrader trading platform allows for a maximum of 20 contracts per dealing quote. Minimum number of contracts per quote is 0.5 of a contract.
  Remarks: Starlinggold.com reserves the rights to change this trading limit, it is effective upon announcement in the website.
  Executed orders can not be cancelled, modified or withdrawn. Starlinggold.com will not accept trading with insufficient margin (include phone dealing), placing order with insufficient margin will be cancelled immediately.
  


• Phone Transaction
  To provide clients with the convenience to trade when internet is inaccessible to them, we have set up a dealing hotline. In the event of computer failure and internet trading is temporarily suspended, using our phone dealing service will not incur any charges. During normal computer operations and network connections, Starlinggold.com do not recommend clients placing orders via phone dealing, and in such circumstances trading via phone dealing may be charged a few pips higher than trading via the internet trading platform.
  
  
• Order Type ﹣Limit Orders
  A limit order can be used to lock in gains on a positive position. Limit Order is an order that is executed at the moment market price touches the client’s specified price. The executions of these orders are under the supervision of the trading system and remain in effect until the client cancels the existing order or it will be effective till set cancel day. Because they will not be executed unless they reach your desired price, limit orders may or may not get executed. The price of the entry order and the current price shall not differ less than 15 point. Otherwise limit orders not get executed. Limit order refers to the possibility to target a price above or below the current market price for a new order. Buy Limit: buy below the current market price. Sell Limit: sell above the current market price. Market's volatility may cause market price moving over 1 pip at one single movement. For example, if you want to buy at 20 when the market price is 10, market price may jump from 19 to 30. Order will be executed at 30 since the market does not accept price below the current market price. However, selling order will be executed at 20 as the market will accept a selling price above the current market price. Since the market accept buying price higher than the prevailing market price. Under normal market conditions (excluding wrong price), we do our best to provide execution at the trader's specified price. Trading with insufficient margin, placing order (neither new order nor close order) with insufficient margin will be cancelled immediately. Starlinggold.com reserves the rights to adjust the pips between limit prices and market price due to the rapid change in price caused by the market, it is effective upon announcement in the website, and the client should have no objection.
  
  
• Order Type ﹣Stop Loss Order
  The price of the entry stop loss order and the current price in the associated stop loss order shall not differ less than for 15 points. Otherwise limit orders not get executed. Limit orders and stop orders can be used to both buy and sell foreign currency contracts. It is important to note that, by convention, "buy limit" and "sell stop" orders are entered in below the current market price. "Sell limit" and "buy stop" orders are entered in above the current market price. Buy Stop: buy above the current market price. Sell Stop: sell below the current market price. The market price may exceed more than 1 pip in one single movement. If your stop loss price is set at 10, market price may drop directly from 11 to 05. Since the Market cannot accept selling price higher than the prevailing market price, the system will stop loss at 05 instead of 10. For profit taking order, the contract will be executed at 10, because this price is higher than the market price. However, sell limit will be executed at 10 as the market will accept a selling price above the current market price. Under normal market conditions (excluding wrong price), we do our best to provide execution at the trader's specified price. Trading with insufficient margin, placing order (neither new order nor close order) with insufficient margin will be cancelled immediately. Starlinggold.com reserves the rights to adjust the pips between stop loss prices and market price due to the rapid change in price caused by the market.
  


• Order Type ﹣One Cancels the Other Order (“OCO”)
  The price of the One Cancels the Other Order and the current price in the associated One Cancels the Other Order shall not differ less than for 15 points. Otherwise limit orders not get executed. An OCO order consists of two separate "Buy" or "Sell" instructions. It cannot contain a "Buy" and a "Sell". A contingent order providing that one part of the order is cancelled if the other part is executed. This is a particularly useful order type in that it allows traders to execute specific trading strategies based on technical analysis - without having to watch the market tick by tick. Under normal market conditions (excluding wrong price), we do our best to provide execution at the trader's specified price. Trading with insufficient margin, placing order (neither new order nor close order) with insufficient margin will be cancelled immediately. Starlinggold.com reserves the rights to adjust the pips between One Cancels the Other Order prices and market price due to the rapid change in price caused by the market.



• Limit Order Placement
  Placement of Stop / Limit orders and One Cancels the Other Order may only be placed or cancelled during trading hours. But before 10 minutes of significant economic announcements or under extraordinarily volatile market conditions order placement of Stop / Limit orders and One Cancels the Other Order will be not be accepted. It is obvious that during, or immediately preceding, significant economic announcements, market volatility is greatly increased. As a consequence, Starlinggold.com will have 2 options: (1) widening the spread on currency pairs, or (2) increasing the entry stop and limit ranges. Effective immediately, the required range between a new stop or limit order and the market price will increase from 5 pips to a maximum of 50 pips approximately 10 minutes before a significant economic announcement, in order to reflect the degree of current market volatility. During extremely fast market moves, you may therefore notice that you are unable to place or move any stop or limit order to within 50 pips of the current market price. Under normal market conditions, we do our best to provide execution at the trader's specified price. However, during extremely fast market moves, this sometimes is not possible. Under no circumstances will a market order be executed at a price that is not approved by the trader.



• Order Cancellation
  Non-market Orders may be cancelled via the BullionTrader Online Trading System. (Order Cancellation, including Limit Orders, Stop/Loss Orders, One Cancels the Other Orders, are accepted by Starlinggold.com and become effective after three minutes.) Rapid changes in Bid Prices and Ask Prices, however, may cause Customer’s Order to be executed before Customer can cancel it.



• Settlement
  The Client has the right to withdraw from his account unencumbered funds (that is, funds not used for satisfying margin requirement) without closing the account. This withdrawal must not put the balance of the account below minimum security deposit level.
  Withdrawal requests and corresponding correction of the account shall only be processed in the absence of open positions.
  Transfer of funds shall be effective in the 3 banking days following the day of receipt of the withdrawal form. The bank information on the payment order must be identical to that on the account holder only. Third party payments are not permitted.
  Upon receipt of a payment order from the client, the account balance shall be reduced by the amount of funds being withdrawn on the date of such receipt during normal business hours. Time of remittance may vary between banks due to banking operation. We shall not be responsible for the amount of time required to transfer funds. All bank charges of remittance will be deducted from remittance amount.



• Change Transaction Rules
  Starlinggold.com reserves the right to add, delete or change all the transaction rules which will become effective after published on websites of Starlinggold.com.