Basic Information & Regulation of First Gold
First Asia Merchants Bullion Limited (First Gold, for short), previously known as Weal & Well Bullion, was established in Hong Kong in 1991. First Gold, a bullion group member of The Chinese Gold & Silver Exchange (CGSE) with the membership number 114 (Type AA License), is a CGSE accredited gold refinery, including 9999 1 Kilo Gold and 5 Taels Gold. Additionally, First Gold is a recognized e-trading member specializing in Renminbi Kilobar Gold, 99 Taels gold, spot gold, and silver trading. It has been providing professional and reliable bullion trading services to its clients around the globe, accumulating a wealth of experience over the years.
Security Analysis of First Gold
The Hong Kong Gold and Silver Exchange Society is a formal gold trading venue, and its dealers are established under the approval of Hong Kong law and have relatively sound qualifications. First Gold is an AA-rated registered dealer, which can operate the most products and has a certain guarantee of security.
Products & Services of First Gold
The products offered by First Gold to investors are mainly spotting precious metal contracts, including spot London gold and spot London silver, five taels of 9999 gold bars, and First Gold Credit Gold Coin (the gold coin is a new 999.9 gold coin developed by First Gold in cooperation with Argor-Heraeus, a Swiss gold mint, for the Greater China market).
Trading Rules of First Gold
The contract unit of spot gold is 100 ounces with a minimum price change of $10; the contract unit of spot silver is 5,000 ounces with a minimum price change of $50. The initial margin (per lot) for spot gold and spot silver is 2%, and the stop-loss margin (per lot) is 0.6%. Investors purchasing 20 taels (4 bars) or less of 5 taels of 9999 gold bars are required to pay a volatility reserve of the total reference amount + 10% (refer to the company's website quotation). Investors purchasing more than 20 taels can choose to pay a pre-order deposit of HK$25,000 per 5 taels.
Trading Platform Available
First Gold provides traders with the most popular MT4 trading platform in the market today, as well as MT4 PC and MT4 Apple & Android mobile versions.
Deposit and Withdrawal of First Gold
First Gold only accepts remittance from the investor's own bank account to the company's public account, no cash deposits of any kind are accepted, the handling fee depends on the bank fees in different regions, the company does not charge a fee, and the processing time is 1 to 4 working days.