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FAQs:
Is there a commission for CFD Gold/Silver trading?
uSMART does not charge any commission for spot gold and silver CFD trading.
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.