Share- If you are our existing customer but do not own a Precious Metal/FX Margin AccountLog into Internet Banking
- New Customer can simply
open account withBOCHK Mobile BankingThen you can open a Precious Metal/FX Margin account via Internet Banking
- If you own a Precious Metal/ FX Margin Account Place An Order
- If you are our existing customer but do not own a Precious Metal/FX Margin AccountLog into Internet Banking
- New Customer can simply open account withBOCHK Mobile BankingThen you can open a Precious Metal/FX Margin account via Internet Banking
- If you own a Precious Metal/ FX Margin Account Place An Order
38 Pairs of Precious Metals and Currencies
Various choices in precious metals and currencies, including HKD, USD, CNY, AUD, CAD, CHF, EUR, GBP, NZD, JPY, London Gold, London Silver, Tael Gold and Kilo Gold. The minimum amount for Precious Metal/ FX Margin trading is 1 lot. Please refer to Details of Trading Pairs for more information on the lot size.
Leveraged Investing
A margin fund as low as 5% can be leveraged up to 20 times. An opportunity to capture higher investment returns through leveraging.
Flexible Order Types
In addition to Market Order, there is a wide selection of standing orders, including "Single", "One-Cancels-the-Other (OCO)" and "If-Then" orders. The validity of standing orders is up to 14 days. Enable greater flexibility in investment.
Trade Anywhere, Anytime
Conduct transactions via our Mobile Banking, Internet Banking or Manned Trading Hotline. Click here to learn more about the service hours.
*The above information is only a summary of the product features. Please refer to the "Instruction - Precious Metal/ FX Margin" and "Rules - Precious Metal/ FX Margin Trading"for details. Terms and conditions apply.
Illustrative Example
Terms
Trading Pair
AUD/USD
Initial Margin Required
5% (leveraged ratio = 20)
Initial Margin Required in Margin Trading Account
AUD 250,000 x 0.8 x 5% = USD 10,000
Contract Amount
AUD 250,000 (10 Lots)
AUD to USD Exchange Rate
0.8000
USD Equivalent of the Contract Amount
AUD 250,000 x 0.8 = USD 200,000
Assume AUD/ USD goes up
from 0.8000 to 0.8050
Assume AUD/ USD falls
from 0.8000 to 0.7950
AUD 250,000 x (0.8050 - 0.8000)
= USD 1,250
AUD 250,000 x (0.7950 - 0.8000)
= - USD 1,250
1The profit/loss of the squared position will be settled on the value date of the close out contract. Normally, the value date is two trading days after the trade date (except CAD, Tael Gold and Kilo Gold)
Margin
Receive Interest
AUD Long Position
Receive Interest
USD Short Position
Pay Interest
USD 1,250 + (AUD0.692 - USD 11.083)
= USD equivalent 1,239.474
-USD 1,250 + (AUD 0.692 - USD 11.083)
= - USD equivalent 1,260.534
Interest for the cash margin is accrued from the date it is deposited to the margin trading account (1st March) until withdrawal. Interest for the contract is calculated from the value date of the open contract (3rd March) to the value date of the close out contract (4th March).
Assume AUD has a credit interest rate of 0.1% p.a. whilst USD has a credit interest rate and debit interest rate of 0.11% p.a. and 2.11% p.a. respectively
2AUD interest：AUD 250,000 X (0.1%/360 days) X 1 day
3USD interest：USD 10,000 X (0.11%/360 days) X 2 days – USD(200,000-10,000) X (2.11%/360 days) X 1 day
4Assume the AUD/ USD exchange rate = 0.7980, AUD 0.69 = USD equivalent 0.55
Credit and debit of interest in respect of the FX margin will be settled on the business day before the last business day of each month. Any credit/debit interest accrued from foreign currency margin and contracts, except HKD, will be converted into USD calculated (unless otherwise requested by the customer) based on the closing price quoted by the Bank on the same day or the exchange rate of that day determined by the Bank. Such interest will then be credited to or debited from the margin balance accordingly.
Illustrative Example
Terms
Trading Pair
AUD/USD
Initial Margin Required
5% (leveraged ratio = 20)
Initial Margin Required in Margin Trading Account
AUD 250,000 x 0.8 x 5% = USD 10,000
Contract Amount
AUD 250,000 (10 Lots)
AUD to USD Exchange Rate
0.8000
USD Equivalent of the Contract Amount
AUD 250,000 x 0.8 = USD 200,000
Assume AUD/ USD goes up
from 0.8000 to 0.8050
Assume AUD/ USD falls
from 0.8000 to 0.7950
AUD 250,000 x (0.8050 - 0.8000)
= USD 1,250
AUD 250,000 x (0.7950 - 0.8000)
= - USD 1,250
1The profit/loss of the squared position will be settled on the value date of the close out contract. Normally, the value date is two trading days after the trade date (except CAD, Tael Gold and Kilo Gold)
Margin
Receive Interest
AUD Long Position
Receive Interest
USD Short Position
Pay Interest
USD 1,250 + (AUD0.692 - USD 11.083)
= USD equivalent 1,239.474
-USD 1,250 + (AUD 0.692 - USD 11.083)
= - USD equivalent 1,260.534
Interest for the cash margin is accrued from the date it is deposited to the margin trading account (1st March) until withdrawal. Interest for the contract is calculated from the value date of the open contract (3rd March) to the value date of the close out contract (4th March).
Assume AUD has a credit interest rate of 0.1% p.a. whilst USD has a credit interest rate and debit interest rate of 0.11% p.a. and 2.11% p.a. respectively
2AUD interest：AUD 250,000 X (0.1%/360 days) X 1 day
3USD interest：USD 10,000 X (0.11%/360 days) X 2 days – USD(200,000-10,000) X (2.11%/360 days) X 1 day
4Assume the AUD/ USD exchange rate = 0.7980, AUD 0.69 = USD equivalent 0.55
Credit and debit of interest in respect of the FX margin will be settled on the business day before the last business day of each month. Any credit/debit interest accrued from foreign currency margin and contracts, except HKD, will be converted into USD calculated (unless otherwise requested by the customer) based on the closing price quoted by the Bank on the same day or the exchange rate of that day determined by the Bank. Such interest will then be credited to or debited from the margin balance accordingly.
The above examples are only a summary. Please refer to the "Instruction - Precious Metal/ FX Margin" and "Rules - Precious Metal/ FX Margin Trading" for details.
*The above examples are prepared with hypothetical data, and is not based on the past performance of the currencies as stated herein. They are for reference only and does not guarantee or represent any final returns. No representation or warranty is made by the Bank that any illustration or scenario described above can be duplicated under real investment conditions. Actual results may vary from the results shown above and such variations may be material. The above hypothetical examples should not be relied on as an indication of the actual performance of the precious metals/ currencies or this product. You should not rely on these hypothetical examples when making an investment decision.
Account Opening and Transaction Process
New customer can simply open account with BOCHK Mobile Banking now. Then you can open a Precious Metal/FX Margin account via Internet Banking
