Opening a London Gold account marks the starting point for Lucky Gold users to enter London Gold trading. However, before and after account opening, what truly deserves attention is not merely the registration process. It also includes the ounce amount per lot, minimum trading lot size, basic fees, pending order distance requirements and available trading hours.
1. Confirm the Trading Instrument Before Opening an Account
London Gold is quoted in US dollars per ounce. The product code for London Gold on Lucky Gold is GOLD, with one standard lot equivalent to 100 ounces.
Therefore, a market price of USD 4500 refers to the price per ounce of gold, not the trading amount for one standard lot. Understanding the relationship between quotes and lot sizes is the first step to using the software after account opening.
2. What Is the Minimum Trading Unit
Lucky Gold supports a minimum trading size of 0.01 lot and a maximum single order size of 10 lots for London Gold. The corresponding quantities are: 0.01 lot ≈ 1 ounce. 0.1 lot ≈ 10 ounces. 1 lot = 100 ounces.
If you prefer to get familiar with the software with smaller trade sizes, learn about the actual quantity represented by 0.01 lot on the order page first.
3. How to Calculate Basic Fees for London Gold
The base spread of London Gold on Lucky Gold is USD 15 per lot, with zero commission. Proportional calculation: 0.1 lot corresponds to a base spread of approximately USD 1.5. 0.01 lot corresponds to approximately USD 0.15.
Clarify these parameters before opening your account, so you can easily understand the initial value changes shown on newly placed orders.
4. Distance Requirements Apply to Pending Orders After Account Opening
Under normal market conditions, pending orders for London Gold on Lucky Gold must maintain a minimum distance of 200 points, equivalent to 2 US dollars, from the current market price.
Successful account registration does not mean you can submit orders at any target price. If the software prompts insufficient price distance, recheck the gap between the live price and your target price.
5. Trading Hours for London Gold
During Daylight Saving Time, London Gold trading hours on Lucky Gold run from 06:05 Monday to 04:55 Saturday. During Standard Time, trading hours are 07:05 Monday to 05:55 Saturday.
There is a daily fixed settlement period from Tuesday to Friday. When preparing to register for an account, also consider whether your usual trading time fits this schedule.
6. Trading Software and Customer Service Are Also Part of Your Account Experience
Once your account is activated, you will interact most frequently with the trading terminal and customer support.
Lucky Gold offers mobile trading services, exclusive indicators, free trading signals and year-round online customer service. If you encounter login or order issues during account operation, save your account information and specific prompt messages before contacting customer support for enquiries.
Key Points to Review Before Opening a London Gold Account
At minimum, confirm six items: Contract unit, minimum lot size, basic fees, pending order distance, trading hours and software services.
These details are directly relevant to your actual account usage. Rather than focusing only on registration speed, reviewing trading rules in advance ensures smoother operations later.