First place: Silver T+D of Shanghai Gold Exchange. Silver T+D is the earliest silver trading platform in China and the only one approved by the State Council. The advantage of this platform is that it has the setting of fluctuation range, plus or minus 7%, and it also adopts margin trading mode. Disadvantages are: the trading time is discontinuous, divided into morning and afternoon sessions, and the price K line is intermittent. Another disadvantage is that there may be some slippage costs in the transaction price.
Second place: tianjin precious metal exchange Tiantong Silver. Tiantong Silver is the earliest and largest spot silver platform in China. At present, the price of Tiantong Silver is broadcast on CCTV2 Central Channel every day, which shows its great influence. Tiantong silver is not limited to ups and downs, trading 24 hours a day, and the K line is very continuous and smooth. Because the market maker mechanism is adopted, transactions are conducted at market prices, and there are no delays and slippage.
Third place: Guangdong Precious Metals Trading Center, Yin Gui, Guangdong. Guangdong Guiyin is a rising star and soon became the third strongest silver trading platform in China. Guangzhou Stock Exchange, like Tianjiao Exchange, is a state-owned enterprise and is supervised by local government. Almost all aspects are consistent with Tiantong Bank, and the minimum margin ratio is 5%, which does not correspond to the amount of funds of customers. As long as you open an account, you can use 20 times leverage. Of course, the risks and benefits have also been magnified a lot. In addition, the overnight fee of Gui Yue Bank is one ten thousandth, which is slightly better than that of Tiantong Bank.
The extension of related knowledge points, whether the platform is formal or not mainly depends on the following points:
1, approved by the government
It depends on whether the precious metals exchange or trading center has government approval and can check it. Most exchanges filed by the state government are official.
2. Capital security
At present, the electronic disk of the formal silver trading platform generally provides third-party custody of major commercial banks, and comprehensive and strict third-party supervision is rare. On the other hand, look at the flow of funds. The accounts provided by underground precious metals companies are either private accounts or accounts of overseas companies or institutions.
3. Trading system
It depends on whether the trading system is stuck or slipping, whether it is convenient to deposit and withdraw money, whether the spot silver is normal during normal trading hours, whether there will be system failures, system upgrades, suspension of rectification, network failures and other reasons. Especially during the nationwide large-scale surprise inspection. Generally, the trading platforms where this happens are mostly informal spot silver trading platforms.
4. Trading time
In China, it is impossible to trade paper gold in banks for 24 hours.
5. Leverage ratio
Leverage in spot gold and silver trading refers to the fund magnification realized by margin trading mechanism. The greater the leverage, the greater the capital magnification and the higher the capital utilization rate. The smaller the leverage, the smaller the capital magnification and the lower the capital utilization ratio. However, the greater the leverage, the greater the risk, and the suggestion of excessive leverage is best not to be done.
6. Transaction costs
Transaction costs include price difference, handling fee and delay fee (overnight fee). What everyone expects is that the transaction cost is relatively low, but don't choose those trading platforms that are too low, and some informal trading platforms are ridiculously low. Always remember this sentence: "there will be no pie in the sky, even if it falls occasionally, it is also a trap."