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Is it a liar that CITIC collective speculative gold trading needs to pay a deposit to withdraw cash?
breakdown

Whether paying the deposit is a liar should be judged comprehensively.

First, if it is online and the other party is an unknown small company, it is very likely to be a liar.

Second, whether a formal contract text has been signed to protect rights in case of disputes.

Third, the specific deposit agreement should be judged in combination with the relevant contents of the main contract. Margin refers to all kinds of deposits deposited in banks and other financial institutions.

Under the background of the lack of clear legal norms of deposit, it is necessary to discuss the types of deposit, and define the deposit of reserve fund, advance payment, lease, decoration, deposit, deposit with return right and deposit with unparalleled return effect respectively to determine their respective legal effects.

When financing to buy securities in the securities market, investors need to pay their own funds. Spot gold margin trading means that when trading gold contracts, it is not necessary to transfer the full amount of funds, but only to pay a certain proportion of the total amount of gold contracts as proof of holding orders. Spot gold margin trading usually has the following kinds of margins:

1. Account opening deposit

Account opening margin refers to the minimum deposit amount that a dealer requires customers to pay when opening a foreign exchange margin trading account.

Minimum deposit for opening an account: 100 USD.

2. Trading margin

Trading margin refers to the margin that traders require customers' accounts to have when they enter the market to buy or sell gold, that is, when they open positions.

London gold: 1000 USD/lot, London silver: 650 USD/lot.

Step 3 keep deposits

Maintenance margin refers to the minimum amount that the customer's margin can maintain the open position in the trading account during the position holding process. When the margin ratio of the customer account is 30%, the system will forcibly close the position.

London gold: 300 USD/lot, London silver: 195 USD/lot.

4. Lock margins

Lock-in refers to a transaction in which the customer manufactures the same product and the same quantity, but in the opposite direction. Lock margin refers to the margin collected for the position of the locked position, and the lock margin in the system is collected unilaterally.

5. Available profit

Available margin refers to the balance of the net margin of the customer's account minus the used margin.

6. Additional deposit

When the margin ratio of the customer account is less than or equal to 100%, a notice of additional margin will be received.