When setting pending orders, stop-loss, take-profit, or trailing stop orders for London Gold and Silver, the execution price will be above or below the current market price. The execution price must be at least 200 points away from the current market price (for London Gold, 1 point = $0.01, so 200 points = $2; for London Silver, 1 point = $0.001, so 200 points = $0.20).

A pending order allows a client to set a desired entry price in advance. When the market price reaches the client’s specified entry price, the system automatically executes the order to open a position.

Different overnight interest rates apply depending on the direction of the opening position: 1.25% for buy orders and 0.75% for sell orders.

Overnight interest refers to the interest charged when a position is not closed on the same day it is opened, but is held until the following day (5:00 a.m. GMT+8 during Daylight Saving Time; 6:00 a.m. GMT+8 during Standard Time). The system will calculate and charge the corresponding overnight interest based on the day’s closing price, the number of overnight days, the applicable interest rate, and the number of lots in the order. This fee applies to both buy and sell orders.

Spread Fee = Floating Spread × 0.2 / 0.02 × Contract Size × Number of Lots Opened

London Gold Floating Spread: 0.2 per lot; Contract Size: 100 ounces

London Silver Floating Spread: 0.02 per lot; Contract Size: 5,000 ounces

To hedge, the following conditions must be met: the initial margin ratio must be greater than 30%, the positions must be in the same trading instrument, in opposite directions, and with the same number of lots. If these conditions are met, the hedge can be established immediately without requiring additional margin.