When comparing precious metals trading fees, you should not only ask “how much is charged per transaction”. When Lucky Gold users compare precious metals trading fees, it is better to separately check account opening fees, trading commissions, bid-ask spreads and holding-related fees, then calculate costs based on your own trading lots.
1. Separate Account Opening Fees from Trading Fees
Account registration and order placement are two distinct stages. Lucky Gold currently provides an online account registration entry on its official website, and the App Store description clearly states zero-cost account opening and zero handling fees.
However, zero handling fees here do not mean all trading costs are zero. Actual trading also needs to take into account the spread between real-time bid and ask prices.
Therefore, when comparing platforms, do not stop your calculation merely because you see the phrase “zero handling fees”.
2. Why Are the Buy Price and Sell Price Different?
Precious metals trading software displays bid and ask quotes simultaneously. The gap between the two prices directly affects the initial trading cost after placing an order.
Hence, when comparing precious metals trading fees, you should check all of the following items: Trading commission Real-time bid-ask spread Actual trading lot size Order holding duration
These items together determine the total fees incurred for a single trade.
3. Gold and Silver Cannot Be Directly Compared Using the Same Monetary Value
London Gold and London Silver adopt different contract specifications. One standard lot of London Gold is 100 ounces, while one standard lot of London Silver is 5,000 ounces. As Member No.162 of the Hong Kong Gold Exchange, Lucky Gold Global Limited offers these two products in its member profile.
Therefore, even if both products are labelled as “1 lot”, the actual quantity differs greatly. You must confirm the specific product before comparing fees.
4. Small Lot Sizes Shall Be Calculated Proportionally
If a fee is charged per standard lot, 0.1 lot is normally one-tenth of the fee, and 0.01 lot is one-hundredth of the fee.
For example, after a platform publishes a trading fee per lot, you should not apply the full fee for one lot directly to a 0.01-lot order.
It is more accurate to confirm your actual trading volume first and then perform proportional conversion.
5. Holding Duration May Also Affect Total Fees
The fee structure may differ for an order closed within the same trading day versus an order held across multiple trading days.
Some users only check the one-time order placement fee when comparing platforms, ignoring how long they usually hold orders.
If your trading style focuses on short-term orders, your key concerns will be different. If you often hold positions across trading days, you should also review the corresponding overnight holding fee rules.
6. Promotional Rebates Should Be Calculated Separately
Lucky Gold’s current membership system offers spread rebates of up to USD 7 per lot, and monthly trading-related benefits of up to USD 20 per lot.
Such benefits are additional perks available only when users meet relevant membership and promotional criteria, and should not be mixed together with base trading fees as a single figure.
A clearer calculation method is: Calculate base trading costs first. Then check whether you qualify for corresponding membership benefits.
This way, comparison results will not be distorted by promotional rebates.
What Should Be Compared When Evaluating Precious Metals Trading Fees
It is recommended to compare at least four items: Whether account opening itself incurs charges Order trading commission Real-time bid-ask spread Fees generated by position holding duration
Lastly, evaluate membership and promotional benefits separately.
This method makes it easier to obtain practical results than simply comparing vague claims of “low handling fees”.