Deposit Process FAQ
Deposit Process FAQ
Are there any minimum deposit requirements for opening an account with Hongfeng Bullion, and are there any fees?
There is no minimum deposit requirement to open an account. Spot gold/silver only needs to deposit sufficient funds (500 USD) when buying and selling. To open an account There are also no fees charged to the account.
How can I buy and sell precious metals?
Customers can trade precious metals through the MT4 trading platform (including computer and mobile versions).
Deposit funds
Customers can deposit funds through the following methods (please refer to the deposit process), domestic card deposits, Hong Kong bank deposits/telegraphic transfers. In addition to domestic card deposits, customers must submit a remittance slip and a screenshot of the reply slip by email after the deposit is completed. Submit the screenshot to the customer service department via /fax/online submission, and the funds will be credited to the customer's trading account 10 minutes after the deposit is verified. Hongfeng Bullion does not accept third-party deposits.
Withdraw funds
Customers can submit a withdrawal application by the following methods before 4:00 pm every day (please refer to the withdrawal process), submit a withdrawal application online, apply in person, mail/email/QQ. Late applications will be processed on the next working day. There is a minimum withdrawal amount of USD20. The paying and receiving banks may charge administrative fees for the transfer, and all handling fees will be deducted from the withdrawal.
In what currency will the account be settled?
Hongfeng Bullion's precious metals spot gold and silver use US dollars as the account settlement currency. When customers deposit or withdraw money in Hong Kong dollars, our company will process it as 1 US dollar: 7.8 Hong Kong dollars. If the customer deposits or withdraws money in RMB, the company will process it according to the Bank of China exchange rate on that day. The RMB kilogram bar account uses RMB as the settlement currency.