FAQ

The questions below cover account opening, MT5 trading, deposits and withdrawals, and checking records with XIN WANG GOLDEN COMPANY LIMITED. For your account permissions and applicable trading parameters, please also see the product information, trading rules, fee schedule and formal notices.

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Products & quotes

10How do 1 lot, 0.01 lot and contract size convert?

Under the basic specifications on this page, 1 lot of gold is 100 troy ounces and 1 lot of silver is 5,000 troy ounces. So 0.01 lot of gold is 1 troy ounce and 0.01 lot of silver is 50 troy ounces. Lots measure trading volume; the same number of lots of gold and silver does not mean the same value or risk.

11What is the difference between minimum volume, maximum per order and total position limit?

The minimum volume and step are both 0.01 lot. The per-order maximum limits the size of a single order, while the total position limit may apply per product, direction or account in total. See your account parameters for maximum leverage and the per-order and total position limits; being able to place repeated orders does not mean unlimited positions are allowed.

12Are the minimum deposit, margin per lot and trading costs the same thing?

No. The minimum deposit is an account or funding-channel condition; margin supports open positions; trading costs include the spread and any commission or swap. Meeting the minimum deposit does not mean you have enough funds for a given position, and the amount deposited is not the maximum loss you can bear.

13Which price applies to buying, selling and closing?

Normally buy orders fill at the Ask and sell orders at the Bid. Closing a buy position requires a sell, and closing a sell position requires a buy. Look at both sides of the quote and the order direction; don’t treat a single price on the chart as the fill price for every action.

14The chart never seemed to reach my price. Why was my stop loss triggered?

Charts may show the Bid, the Ask or another price, and whether a stop triggers also depends on the position’s direction. Movement in the other side of the quote and the spread can meet the trigger condition even if the single chart line doesn’t show that price. To request a review, provide the order, the exact time and both sides of the quote, rather than comparing only the high or low in a screenshot.

15How are “points”, “minimum price change” and “USD per lot” different?

The minimum price change is the allowed price increment, lots are the trading volume, and USD per lot is an amount; what the platform calls a “point” depends on the contract display. Gold and silver have different quote decimals and contract units, so the same number of points does not mean the same USD cost. Check the units before placing an order.

16How do I estimate the profit or loss from a price move?

Based on the basic contract size, 0.01 lot of gold is 1 troy ounce, so a USD 1 move per ounce gives a gross P/L of about USD 1; 0.01 lot of silver is 50 troy ounces, so a USD 0.01 move per ounce gives a gross P/L of about USD 0.50. Whether it is a profit or a loss depends on whether you bought or sold. These are volume examples only, excluding commission, swaps and currency conversion, and do not indicate expected returns.

17Does the spread change? Why does a new position show a floating loss straight away?

There is a gap between the buy and sell prices, and a new position is immediately valued at the other side’s price, so the spread usually shows first. Spreads may also change with liquidity, news, settlement and unusual market conditions. Check against actual quotes and the current fee schedule, and don’t use a typical spread to estimate costs at all times.

18How do I avoid counting the spread and fees twice?

If you calculate P/L from the actual buy and sell fill prices, the spread is usually already reflected in those prices, so don’t deduct the same spread again in the same calculation. Commission, swaps and other separate charges still need to be checked against your statement; discounts, rebates and bonuses do not mean the original trading costs were waived.

19When are overnight charges applied? Why are several days charged on one day?

Positions held over the applicable settlement time may incur overnight (swap) charges; the rate, unit and settlement day may differ for long and short positions. To cover weekends or holidays, one settlement day may include several calendar days. Check the current fee schedule and your account records; don’t rely only on whether a position has been held for 24 hours, and don’t apply old rates or someone else’s triple-swap day.