Key Features

• There is no physical delivery of gold.
• Amounts are quoted in US dollars per troy ounce ("oz").
• The trading leverage is up to 16.6 times the value of your pledged margin deposit.
• The minimum trade amount of 100 oz of gold. Additional amounts can be traded in increments of 100 oz only.
• Extended trading hours:

• There is no commission or storage fee.*
• The normal trading spread of minimum USD50 cents per oz and may be widened to a maximum at 5% of the bid side when the market is relatively volatile.
• The top up margin level is 5% of the gold facility Limit actually utilized.
• The closeout margin level is 3% of the gold facility limit actually utilised.
• Long and short positions can be held at the same time to selectively square your outstanding gold position.
• You can monitor your account and conduct transactions conveniently and confidentially via the FX-MOPT hotline.
• Detailed confirmation forms and monthly statements are provided for reconciliation.
• BEA uses interbank spot market rates (T+2), such as the spot gold price, gold rollover interest rate, and US dollar rollover interest rate as references when quoting transactions

For more details, please refer to terms and conditions of Spot Gold Margin Trading.

^{*Although there are no explicit fees and charges, any fees and charges incurred by BEA, whether to enter into underlying investments or hedging agreements or for operational or administrative purposes and profit margins (if any) are already inherently contained in and subsumed into the calculation of the interest rate, buy-sell spread, and other variables.}

Getting Started

• To enjoy Spot Gold Margin Trading service, you must first open and maintain a Foreign Exchange Margin and Option Trading ("FX-MOPT") account with BEA. To open an FX-MOPT account, you must be at least 18 years of age.
• As a Spot Gold Margin Trading customer, you authorise BEA to enter into any Spot Gold Margin Contract (the "Contract") on your behalf upon receipt of your instructions through your FX-MOPT account. No physical delivery of gold actually takes place upon settlement. Upon the closing of your spot gold position, the net balance representing your profit / loss is simply credited / charged to your settlement account.

Apply Now

To apply, please visit your nearest BEA location to open an FX-MOPT account and complete for a Spot Gold Margin Trading facility application form.

FX-MOPT Hotline: (852)2211 1688

Government Law:

The relevant account opening documents for Spot Gold Margin Trading shall be governed by and construed in accordance with the laws of the Hong Kong Special Administrative Region of the People's Republic of China ("Hong Kong"). Any litigation arising out of the Spot Gold Margin Trading will be subject to the non-exclusive jurisdiction of the Hong Kong courts.

Risk Warning Statement

• Risk of Leveraged Gold Trading: You should be aware of the risks associated with adverse movements in gold trading. It is therefore advisable that you have a sound understanding of the gold trading market and be able to keep abreast of market developments. BEA reserves the right to close a position in case of inadequate margin deposit.
• Currency Risks: The profit or loss in transactions in foreign currency-denominated contracts (whether they are traded in your own or another jurisdiction) will be affected by fluctuations in currency rates where there is a need to convert from the currency denomination of the Contract to another currency.
• Risk of Margin Trading: When the margin deposit has dropped to 5% of the outstanding position, you are required to top up your deposits. BEA is not responsible for notifying customers. When a margin deposit has dropped to 3% of the outstanding position, BEA may reduce the gross open position in whole or in part by closing out the outstanding gold contracts in accordance with the size of the floating loss of the Contracts in descending order, with the largest loss being the first.

Other Risks

• The price of gold is volatile. You should recognise that the prices of gold as well as the value of their investments may go down as well as up. The account does not represent a deposit of money and provides neither yield nor interest.
• The risk of loss in financing a transaction by deposit of collateral is significant. You may sustain losses in excess of your cash and any other assets deposited as collateral with BEA. Market conditions may make it impossible to execute contingent orders, such as "stop-loss" or "stop-limit" orders. You may be called upon at short notice to make additional margin deposits or interest payments. If the required margin deposits or interest payments are not made within the prescribed time, your collateral may be liquidated without your consent. Moreover, you will remain liable for any resulting deficit in your account and interest charged on your account. You should therefore carefully consider whether such a financing arrangement is suitable in light of your individual financial position and investment objectives.

Remarks:

• Cancellation or amendment of orders and all dealing activities should be conducted through the designated hotline. BEA is not responsible for adjusting your order against your transaction.
• This document is for general information only and is intended for distribution to selected BEA customers only. It does not constitute an offer, an invitation to an offer, or a recommendation to enter into any transaction. You should read the terms and conditions of Spot Gold Margin Trading.
• BEA reserves the sole right to revise the features of the product at any time with 90-days advance notice.
• BEA has taken reasonable steps to ensure the accuracy and sufficiency of the information contained herein at the time of its preparation and will accept the responsibility thereof.
• Three months' prior written notice will be given to the customer if BEA alters the fees and/or expenses charged to the customer.
• Although there are no explicit fees and charges, any fees and charges incurred by BEA, whether to enter into underlying investments or hedging agreements or for operational or administrative purposes and profit margin, if any, are already inherently contained in and subsumed into the calculation of the interest rate, buy-sell spread and other variables.
• BEA reserves the right to terminate the Spot Gold Margin Trading and/or close the FX-MOPT account at any time without any reason:
  1. and without any notice if the FX-MOPT account is suspected of being used for illegal activities;
  2. if the customer shall fail to execute or re-execute of such document(s) within such time as requested which may be required by BEA in its absolute discretion; or
  3. if the customer shall commit any breach or omit to observe any obligations under the "Terms and Conditions For Spot Gold Margin Trading" which, in the opinion of BEA, amounts to a material default on the part of the customer.
• BEA is not liable for any delay to meet its obligations due to any causes beyond its control which shall include fires, storms, acts of God, riots, strikes, lock-outs, wars, governmental control, restriction or prohibition whether local or international, technical failure of any equipment, power failures, black-outs or any other cause which results or is likely to result in the erratic behaviour of the commodity prices, the closure of international gold markets and the local Gold and Silver Exchange or any other material cause affecting the operation of the Spot Gold Margin Trading.
• The gold traded hereunder is the gold having a fineness of at least 0.995, and which is generally known as loco-London spot gold.
• You should fully understand and can afford the potential risk that the product incurred and completed the risk assessment but choose the high-risk investment product on your own request.
• You should seek independent professional advice from other independent parties regarding the product that you are now investing.
• This document should be issued and read in conjunction of the terms and conditions for Spot Gold Margin Trading.
• The contents of this webpage have not been reviewed by any regulatory authority in Hong Kong. You are advised to exercise caution in relation to this webpage. If you are uncertain of or do not understand the nature of and the risks involved in leveraged spot gold margin trading, you should seek independent professional advice.