Can Schwab Gold do spot gold trading? What is the strength of Schwab Gold?

Hong Kong gold platform providers must be registered with the Hong Kong Securities Regulatory Commission (SFC), which is the legal regulatory body of Hong Kong's financial industry, and chinese gold and silver exchange society has no right to exercise legal supervision. In addition, regular international spot gold margin transactions in Hongkong are generally represented by member companies of China Gold and Silver Exchange Association. It should be noted that among the members of China Gold and Silver Exchange Association, only Class A and Class C members are qualified to trade spot gold, while other members are not qualified to trade spot gold.

2. Fund management. At present, the warehousing funds for regular international spot gold margin trading in Hong Kong are generally managed by Hang Seng Bank and HSBC (or domestic banks cooperating with them, such as Industrial and Commercial Bank of China) through third-party custody.

3. On the issue of gold withdrawal, if the gold platform company you meet is not domestic, or the platform vendor is not supervised by the relevant local regulatory authorities, you should be vigilant. It is very likely that this platform vendor is illegal.

4. Communication and commission. The regular international spot gold margin trading of Hong Kong gold platform generally charges a spread of 0.5 and a commission of 50 USD/lot. Be careful if the commission is too low or the margin leverage is too large.