When opening a precious metal trading account for the first time, the system will automatically open a margin account, and you can transfer funds between the margin account and the bank current account.
Margin account refers to:
(1) overdraft account; Credit account. An account opened by an investor in a securities company. Through this account, investors can use stocks as collateral, borrow funds from securities companies and invest according to a certain proportion of the total market value of the assets in the account.
(2) For the funds that provide guarantee for the performance of futures trading obligations, the futures trader shall deposit the deposit into the deposit account of the futures company before trading. In the general securities market, in addition to cash transactions, customers must also pay all the value of their investment securities in cash. There is also a credit transaction, in which customers can buy and sell securities that exceed the margin value in the securities market only by paying a margin as an investment commitment. This kind of transaction is called margin trading.