Invest in the Oldest Currencies
PSS gives our clients an easy and cost-efficient way to invest in gold and other precious metals.
Protection against inflation
Gold and silver are a safe haven
Trade Precious Metals with PSS
PSS’s focus on precious metal trading allows our clients to easily access one of the oldest trading markets at a fraction of the cost of traditional markets. By digitizing precious metals as online investment products, PSS can lower its transaction cost and discover the best market price. Our offers include:
No commission with exceptional price discovering
- Enjoy deep and constant order settlements through our fully automated settlement system and pay no commission on your trades.
While no commission is charged on precious metal trading, PSS may receive rebates from its liquidity providers and generates revenue from spreads.
Precious Metals markets open 24hours during weekdays. The market closes only on Saturdays and Sundays, including Christmas and New Year.
1 contract of gold values at 100 troy ounces of goldIf a trader buys 1 contract of gold at $1,500, then the trader is buying 100 troy ounces of gold with $150,000 (100 troy ounces * $1,500 per troy ounce)
1 contract of silver values at 5,000 troy ounces of silverIf a trader buys 1 contract of silver at $40, then the trader is buying 5,000 troy ounces of silver with $200,000 (5,000 troy ounces * $40 per troy ounce)
1 troy ounce is equal to 31.1034768 gramsA troy ounce is a unit of measure used for weighing precious metals that dates back to the Middle Ages.
Min. Trading Size (In Contract Size)
The smallest amount you can buy is 0.01 contract, which is equal to 1 troy ounce for gold and 50 troy ounces for silver.
Max. Trading Size (In Contract Size)
The largest amount that you can buy or sell at PSS is 50 contract (contracts) which is equal to 5,000 troy ounces for gold and 250,000 troy ounces for silver.
Tick Price(Smallest Value in Quote)
0.01 for gold (XAUUSD)Tick price for XAUUSD (US Dollar denominated Gold) is 0.01 which equals to US$1 per contact.
0.01 for silver (XAGUSD)Tick price for XAGUSD (US Dollar denominated Silver) is 0.001 which equals to US$5 per contact.
If you want to buy 1 contract of XAUUSD (US Dollar denominated gold) at $1,500, you must have a minimum of $150,000 ($1500 * 100 ounces) in your trading account using 1 to 1 leverage. However, if you change the leverage to 50 to 1, you can buy up to 50 contracts of XAUUSD using $150,000. In the same way, you can buy up to 500 contracts of XAUUSD with $150,000 using 500 to 1 leverage.
Using 10 to 1 leverage, your required margin to buy 1 XAUUSD at $1,500 is $15,000 ($1,500 * 100 ounces * 1/10). At all times, your account balance should be able to cover the required margin, regardless of market volatility. If your account balance falls below 100% of the required margin, you will get a margin call. In this case, you must deposit more funds or increase your leverage. If your account balance ever falls below 50% of the required margin, your open position will be forced to close by the system.
Margin Calculation Formula
Margin requirement for gold =Current Price of Gold * 100 ounces * Number of Contract / Leverage
Margin requirement for silver =Current Price of Silver * 5,000 ounces * Number of Contract / Leverage
Profit Calculation Formula
Profit calculation for gold =Buy: (Close Price – Open Price) * Number of Contract * 100 ounces
Sell: (Open Price – Close Price) * Number of Contract * 100 ounces
Profit calculation for silver =Buy: (Close Price – Open Price) * Number of Contract * 5,000 ounces
Sell: (Open Price – Close Price) * Number of Contract * 5,000 ounces
Swap Interest Swap Charge Time
The Swap Interest is charged once a day, only if there is an open position when CME (Chicago Mercantile Exchange) opens its future trading at 4pm Central Time (UTC – 6) every day. If there is no open position at 4pm CT, no Swap Interest will be charged.
Swap Interest calculation formula
Swap interest for a long position
= The Interest Rate * Current Price * Number of Contracts * Premium / 360
Swap interest for a short position
= The Interest Rate * Current Price * Number of Contracts * Discount / 360
PSS uses Interest Rate Cap to protect traders from any sudden surge in swap interest causing unavoidable disruption in trading.