• Nepal: 18:00:00
  • NewYork: 18:00:00
  • London:18:00:00
  • Hong Kong: 18:00:00
  • Singapore: 18:00:00
  • Australia: 18:00:00
 
Trading Rules

Clients trading Bullion (the “Trading Instruments”) at WEALTH EXCHANGE PVT LTD(“the Exchange”) have to read carefully and comply with the following regulations. For those not listed below, national and international dealing rules and practices will be applied.

Margin Requirements
TRADING INSTRUMENT: SPOT GOLD (GLDNPR_10g)
Sn Contracts Size of Contracts Spread/10 grams Rs. Initial Margin Rs. Comission Per Lot Rs.Commission
1 .10 100 grams 10 7,000 100+VAT
2 .20 200 grams 10 14,000 200+VAT
3 .30 300 grams 10 21,000 300+VAT
4 .40 400 grams 10 28,000 400+VAT
5 .50 500 grams 10 35,000 500+VAT
6 1.00 1 KG 10 70,000 1,000+VAT

TRADING INSTRUMENT: SPOT Silver (SLVNPR_10g)
Sn Contracts Size of Contracts Spread/10 grams Rs. Initial Margin Rs. Comission Per Lot Rs.Commission
1 .10 3 KG 1 7,000 100+VAT
2 .20 6 KG 1 14,000 200+VAT
3 .30 9 KG 1 21,000 300+VAT
4 .40 12 KG 1 28,000 400+VAT
5 .50 15 KG 1 35,000 500+VAT
6 1.00 30 KG 1 70,000 1,000+VAT

TRADING CONTRACTS: INTERDAY GOLD (GLDDaily)
Sn Contracts Size of Contracts Spread/10 grams Rs. Initial Margin Rs. Comission Per Lot Rs.Commission
1 1.00 1 KG 10 10,000 1,000+VAT

TRADING CONTRACTS: INTERDAY SILVER (SLVDaily)
Sn Contracts Size of Contracts Spread/10 grams Rs. Initial Margin Rs. Comission Per Lot Rs.Commission
1 1.00 30 KG 1 10,000 1,000+VAT

* Note: Intraday positions are settled automatically at the end of the trading day. The contract is only for the same day.

Trading Hours

Time NST (Nepal Standard Time GMT + 6:00)
Weekly Open 08:00 a.m
Daily Close 11:45 p.m
Weekly Close 11:45 p.m
Other holidays will be informed accordingly.

Lock Position
Definition: simultaneously holding same quantity of long and short positions of the same Trading Instrument within the same account.
Margin requirement for lock positions:

  • A client can lock or unlock positions at his/her own discretion. In the case of locking positions, the client’s account equity value must not be lower than the required initial margin value. In the case of unlocking positions, the client’s account equity value must not be lower than the required stop loss margin value.
  • Please note that locking positions increases the cost of investment. Interests are calculated on long and short positions held overnight, at different rates, until these positions are subsequently closed. Hence, investors are not recommended to apply such method.

Settlement for Stop Loss

  • When there is an unsettled loss in a client’s account for open positions, resulting in the equity value falling below 40% of the held margin value, the client will receive an “alert” message from the Exchange via Meta Trader’s (“MT4”) system mailbox to notify the client of such situation. The message is a kindly reminder indicating that the client should get ready to upkeep the margin as appropriate to ensure continuation of trading.
  • When there is an unsettled loss in a client’s account for open positions, resulting in the equity value falling below 20% of the held margin value, the Exchange will close part or all of the client’s open positions without further notice (the position with highest loss is given the highest priority) until the equity value is greater than the stop loss margin value for the remaining positions.

    * This rule does not mean that the Exchange has the responsibility to execute stop loss on the behalf of clients and the Exchange does not guarantee the clients’ losses due to stop loss. If the Exchange cannot carry out timely stop loss for case (b) as mentioned above, clients have to be responsible for all the incurred losses and fees. Settlement price may be affected by a huge gap up or down in the opening price on Monday or after public holiday, and if there is a drastic market movement, market price could fluctuate and result in a huge price gap. Under these circumstances, the settlement price will be executed based on the opening price or the next available market price after the gap.

Daily Confirmation
Clients will receive a daily confirmation report from the Exchange next day after the transactions are made via email. Clients should verify the transactions listed in the report and inform the Exchange within 3 days after the date the report is issued if any errors are found. Otherwise, all transactions will be considered as correct and no dispute will be accepted. The profit and loss recorded in the daily confirmation report will be calculated based on the closing price of the day of settlement.

Order Instruction

  1. Trading Online
    Clients can trade via MT4 provided by the Exchange as prescribed on the Trading Hours section. On the trading platform, buying or selling a Trading Instrument is as simple as making a mouse click at the “New Order” button. Upon clicking, an order window will pop up and show the clients the market price for the chosen Trading Instrument. Please note that upon extreme volatile market condition delay in clients’ systems and internet connections may result in difference between the shown price and the actual international trading price. When necessary, clients can simply modify the price to ask or bid by themselves in the popped up window to continue the order.

  2. Phone Call Order
    Clients can also make orders via phone call. The trading procedure is described below: Clients will call the trading phone number and ask for quotes, before giving out the quote, clients will be asked for their account number and password. Then, Exchange will respond and the clients have to decide immediately whether they accept the offered prices and subsequently provide the trading instructions (including bid or ask, volume of trading, new order or close order, etc). After Exchange confirms and accepts the instructions, clients’ transactions will be considered as completed. If there are any disputes between Exchange and the clients, the phone recording will be used as the norm to resolve the disagreements. The maximum order size for each transaction is limited to 30 contracts. If the market price fluctuates drastically, Exchange reserves the right to increase the trading spread to accommodate the increased market risk.

Changing or Modification of Trading Rules
Exchange reserves the right to add, delete, and modify the trading rules at any time. Changes will be announced at the Exchange’s website and/or notified to clients via MT4 system mailbox and take effect immediately.

Daily Settlement
Daily settlement occurs between 02:45-03:45 (NST) every trading day.

Profit/Loss Calculation
Profit/Loss calculation of GOLDNRs_10g,SLVRNRs_10g) = (Price Trading Instrument Sold – Price Trading Instrument Bought) x Contract Size x Lots
Example: A client buys 2 contracts of GOLDNRs_10g at price 29,000 and seSLVRNRs_10g all of them at price 29,500 on the same day.
Profit = (29,500 – 29,000) x 100 x 2 = NRs 1, 00,000

Example: A client buys 1 contract of SLVRNRs_10g at price 400 and sells all of them at price 420 on the same day.
Profit = (420 – 400) x 3000 x 1 = NRs 60000

Delivery
If the delivery of goods is required and intended by the client, he must enter into a special agreement prior to making the trade in the platform in reference to Clause 10.2 of Client Agreement and as per Government policy of distribution and purchasing.

Platform Time
All times in the platform are GMT + 6 unless otherwise mentioned and changed.

Banking Transactions
All monetary transactions will be carried out via proper designated banking channels/e-banking. The Clients need to do all their Deposits and withdrawal from and into their Bank Account.

Minimum Amount to be maintained in Software
A Client is required to maintain a minimum of NRs 1,000 in his/her software to keep the account active.

Changing or Modification of Trading Rules
Exchange reserves the right to add, delete, and modify the trading rules at any time. Changes will be announced at the Exchange’s website and/or notified to clients via Trading platform’s system mailbox and take effect immediately.

 
 
GOLD (update every Minute)
SILVER (update every Minute)
 
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