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Telegram1.1 Ming Tak MTF (the "Company") provides physical gold and silver trading services. Clients may purchase 999.9 fine gold or silver through the MT5 trading platform and may choose to withdraw physical products.
1.2 By participating in this business, the Client is deemed to have carefully read, understood, and agreed to all provisions of these Terms and Conditions.
- "Company": Ming Tak MTF.
- "Client": A person who has successfully opened a Physical Gold account and agrees to be bound by these Terms.
- "MT5 Platform": The MetaTrader 5 trading platform provided by the Company.
- "Troy Ounce" (oz): The unit of measurement for gold. 1 troy ounce is approximately 31.1035 grams.
- "Kilogram" (kg): The unit of measurement for silver. 1 kilogram equals 1,000 grams.
3.1 Applicants must be at least 18 years old and a resident of Hong Kong.
3.2 Applicants must provide a valid Hong Kong identity document and proof of address.
3.3 By submitting an application, the Client must check the box "I have read and agree to the Terms and Conditions". This action has the same legal effect as a physical signature.
| Specification | Purity | Serial Number |
|---|---|---|
| 1 oz Gold Nugget | 999.9 | No serial number |
| 5 oz Gold Bar | 999.9 | Unique serial number engraved |
| 10 oz Gold Bar | 999.9 | Unique serial number engraved |
| Specification | Purity | Serial Number | Remarks |
|---|---|---|---|
| 1 kg Silver Bar | 999.9 | No Ming Tak logo | Original supplier packaging |
5.1 Trading Platform: MT5
5.2 Gold Trading Symbol: GOLD.ozt (HKD per troy ounce)
5.3 Silver Trading Symbol: SILVER.kg (HKD per kilogram)
5.4 Minimum Trading Unit:
- Gold: 1 troy ounce
- Silver: 1 kilogram
5.5 Trading Hours: Approximately 23 hours per day (Monday to Friday, in line with global precious metals markets). Holiday closures will be announced on the Company's website.
5.6 Price Locking: Clients may use "Market Orders" on the MT5 platform to lock in the current market price, or set "Limit Orders" to buy at a specified price.
6.1 Deposit: Before locking in a price, the Client must deposit a specified percentage of deposit (the amount will be confirmed by the relationship manager).
6.2 Balance Payment: After locking in the price, the Client must pay the remaining balance within the agreed time.
6.3 Delivery Time:
- Fastest: If in stock, withdrawal can be arranged on the same day or the next business day.
- Normal: If custom casting is required, approximately 3 to 4 business days.
- Longest: Under extreme market conditions, the delivery time may be extended up to a maximum of 2 weeks.
6.4 Delivery Location: The Company's designated professional delivery point (Suite 822, Ocean Centre, Harbour City, 5 Canton Road, Tsim Sha Tsui).
6.5 Product Verification:
- 5 oz and 10 oz gold bars: The Client may verify the unique serial number engraved on site.
- 1 oz gold nugget: The Client may verify the purchase voucher and original packaging.
- Silver: The Client may verify the original packaging and purity label.
6.6 Delivery Confirmation: Once the Client completes on-site verification and signs the "Delivery Confirmation Form", the product is deemed accepted and ownership is officially transferred to the Client.
7.1 The Company provides a T+0 fast buyback service, applicable only to physical gold/silver sold by the Company.
7.2 The Client must keep the original product and purchase voucher in good condition to apply for buyback.
7.3 The buyback price will be based on the real-time market price on the MT5 platform at the time of buyback.
7.4 There are two buyback methods: "MT5 Platform Price Lock Buyback" and "On-site Instant Buyback". Please contact Customer Service for details.
8.1 Clients may convert their physical gold holdings into gold CFD contracts (XAUUSD).
8.2 At the time of conversion, the Company will simultaneously capture the real-time prices of GOLD.ozt and XAUUSD for the Client's confirmation.
8.3 Upon completion of the conversion, the Client's physical gold position will be deducted, and a contract of equivalent value will be established in the Client's CFD account.
8.4 This conversion is irreversible. The converted assets are CFD contracts and will be subject to all risks associated with leveraged trading.
9.1 Gold and silver prices may go up or down. Investment involves risks.
9.2 The Client acknowledges that using an electronic trading platform carries the risk of system failure.
9.3 After withdrawing physical gold/silver, the Client is solely responsible for its storage and insurance.
| Fee Type | Amount | Applicable Situation |
|---|---|---|
| Trading Spread | Market floating | Per transaction |
| Casting Fee | Included in the quoted price | When custom casting is required |
| Buyback Fee | As quoted at the time | When applying for buyback |
The Company does not charge any hidden fees (such as workmanship fees, commissions, custody fees, etc.).
11.1 These Terms and Conditions are governed by and construed in accordance with the laws of the Hong Kong Special Administrative Region.
12.1 The Company reserves the right to amend these Terms and Conditions at any time. Amendments will be published on the Company's website.
12.2 For any inquiries, please contact Ming Tak MTF Customer Service (Tel: +852 2886 9080 / WhatsApp: +852 5445 4098).
