Transaction Q&A

Hong Kong customers:

1. Hong Kong Identity Card

2. Bank Information Gold and Local White

3. Proof of residential address

Best leader provides convenient and instant real time international and local market pricing on precious Metals with two spotted options and leveraged trading, Loco London Gold/silver.

The margin required for 1 lot is 2% of the total contract value. Assuming the opening price of London Gold is 1,800 US dollars/ounce, the minimum real transaction is 0.1 lot. At this time, the real transaction requires a minimum deposit of 360 US dollars. The calculation method is as follows.

Calculation formula: 1800 (open a position) X 100 (contract volume) X 2% (margin requirement ratio) X 0.1 (number of lots) = 360 USD

The minimum lot size for a single transaction of precious metal spot products is 0.1 lots, and the maximum lot size for a single transaction is 20 lots for London Gold and 10 lots for London Silver.

Depending on the direction of opening a position, the overnight interest rate is also different, and the interest rate can be adjusted due to market changes. Please be Advised to the product listing, on the platform.

* Calculation formula: opening price of the day × contract unit × number of lots × interest rate × (1/360).

Forced selling or forced liquidation usually entails the involuntary sale of assets or securities to create liquidity in the event of an uncontrollable or unforeseen situation.

Example General/ Professional Clients

General customers: When the margin ratio of the customer's account is 10%. The system will force liquidation from the trading order with the most losses until the margin ratio returns to more than 10%. When the price fluctuates greatly, it may be forced to close the position at a margin ratio of less than 10%.

Professional customers: When the margin ratio of the customer account is 20%. The system will force liquidation from the trading order with the most losses until the margin ratio returns to more than 20%. When the price fluctuates greatly, it may be forced to close the position at a margin ratio of less than 20%.

Customers with bank accounts in mainland China can use bank cards that have online banking access to make deposit on the Best Leader Precious Metals website page. The minimum deposit is 50 USD and the servicing fee is free.

Customers who do not hold a bank card in mainland China can deposit through the banking counters. The payment processing period is about one to three working days, and the bank may charge you for handling or servicing fees.

After the customer deposit, the company will first prepay the handling fee for the customer as a welcome bonus.

After, the account has enough trading lots, of spot gold, 1,000 US dollars, and transaction exceeds 1 standard lot. Free servicing or handling fee. Any fee will be handled fully by the company.

If, the transaction volume is insufficient and below 1 standard lot of trading. Applying for a withdrawal, 3% of the amount of the deposited fund will be deducted from the withdrawal amount as a handling fee. (Reference: Anti Money Laundry Act)

2. If the withdrawal is less than USD 50 (or equivalent), the company will deduct USD 5 (or equivalent) from the withdrawal amount as a handling fee.

3. Customer’s deposit funds via wire transfer. The bank will automatically deduct the corresponding handling or servicing fees.

The depositing time is from 9 a.m. Monday to Saturday, with a 24-hour deposit.

Time frame and methods for depositing funds is as follows:

Payment platforms: Generally, the account will be received within 30 minutes.

Wire/ transfer: Takes two to three business days to be deposited.

Checking deposit:   Banking operating hours / Arrives in account based upon bank’s Checking process time.

The withdrawal time is Monday to Friday, from 9 am to 4 pm, and withdrawal applications after 4 pm will be processed on the next working day.

After the approval of the withdrawal is fully processed, the payments in RMB will be received on the following day, and for other currencies to processing, will take two to three working days.

*The deposit and withdrawal time may be adjusted at any time, please Be advised to the latest information on the website.