FAQ – Trading

1. Buy to a fixed maximum: order could be executed below selected fixed price. Under no circumstances will order be executed above the selected price.
2. Buy to a variable maximum (% of spot price): order could be executed below a variable price, expressed as a percentage of spot price in each moment. The maximum price will increase or decrease together with spot price without limit. Under no circumstances will order be executed above the selected percentage of spot price.
3. Buy to a variable maximum (% of spot price), with limit: order could be executed below a variable price, expressed as a percentage of spot price in each moment. The maximum price will increase or decrease together with spot price, but will be limited by selected price. Limit price represents a fixed price, which remains unchanged regardless spot price movements. Under no circumstances will order be executed for a price that is higher than limit price.
4. Buy to a maximum price and stop when the spot price falls below the fixed minimum: order could be executed below selected fixed price, provided that the spot price remains higher than the stop price. Stop price represents a fixed price, which remains unchanged regardless spot price movements. Order won’t be executed when the spot price is below a fixed stop price. In this case the order will be temporarily deactivated and will be re-activated once the spot price rises above the stop price.
5. Buy to a variable maximum (% of spot price), with limit, and stop when the spot price falls below fixed minimum: order could be executed below a variable price, expressed as a percentage of spot price in each moment. The maximum price will increase or decrease together with spot price, but will be limited by selected price. Limit price represents a fixed price, under no circumstances will order be executed for a price that is higher than limit price. Additionally, order won’t be executed when the spot price is below a fixed stop price. In this case the order will be temporarily deactivated and will be re-activated once the spot price rises above the stop price.
6. Buy to a variable maximum (% of spot price), and stop when the price falls below % of the actual price: order could be executed below a variable price, expressed as a percentage of spot price in each moment. The aximum price will increase or decrease together with spot price. Order won’t be executed when the spot price is below the stop price. In this case the order will be temporarily deactivated and will be re-activated once the spot price rises above the stop price. Stop price is a fixed price, expressed as a percentage of spot price in the moment when order is activated.
7. Buy to a variable maximum (% of spot price), with limit, and stop when the price falls below % of the actual spot price: order could be executed below a variable price, expressed as a percentage of spot price in each moment. The maximum price will increase or decrease together with spot price, but will be limited by selected price. Limit price represents a fixed price, under no circumstances will order be executed for a price that is higher than limit price. Additionally, order won’t be executed when the spot price is below the stop price. In this case the order will be temporarily deactivated and will be re-activated once the spot price rises above the stop price. Stop price is a fixed price, expressed as a percentage of spot price in the moment when order is activated.

1. Sell from a fixed minimum: order could be executed above selected fixed price. Under no circumstances will order be executed below the selected price.
2. Sell from a variable minimum (% of spot price): order could be executed above a variable price, expressed as a percentage of spot price in each moment. The minimum price will increase or decrease together with spot price without limit. Under no circumstances will order be executed below the selected percentage of spot price.
3. Sell from a variable minimum (% of spot price), with limit: order could be executed above a variable price, expressed as a percentage of spot price in each moment. The minimum price will increase or decrease together with spot price, but will be limited by selected price. Limit price represents a fixed price, which remains unchanged regardless spot price movements. Under no circumstances will order be executed for a price that is lower than limit price.
4. Sell from a fixed minimum and stop when the spot price rises above fixed maximum: order could be executed above selected fixed price, provided that the spot price remains under the stop price. Stop price represents a fixed price, which remains unchanged regardless spot price movements. Order won’t be executed when the spot price is above a fixed stop price. In this case the order will be temporarily deactivated and will be re-activated once the spot price falls below the stop price.
5. Sell from a variable minimum (% of spot price), with limit, and stop when the spot price rises above fixed maximum: order could be executed above a variable price, expressed as a percentage of spot price in each moment. The minimum price will increase or decrease together with spot price, but will be limited by selected price. Limit price represents a fixed price, under no circumstances will order be executed for a price that is lower than limit price. Additionally, order won’t be executed when the spot price is above a fixed stop price. In this case the order will be temporarily deactivated and will be re-activated once the spot price falls below the stop price.
6. Sell from a variable minimum (% of spot price) and stop when the spot price rises above % of the actual price: order could be executed above a variable price, expressed as a percentage of spot price in each moment. The minimum price will increase or decrease together with spot price. Order won’t be executed when the spot price is above the stop price. In this case the order will be temporarily deactivated and will be re-activated once the spot price falls below the stop price. Stop price is a fixed price, expressed as a percentage of spot price in the moment when order is activated.
7. Sell from a variable minimum (% of spot price), with limit, and stop when the spot price rises above % of the actual spot price: order could be executed above a variable price, expressed as a percentage of spot price in each moment. The minimum price will increase or decrease together with spot price, but will be limited by selected price. Limit price represents a fixed price, under no circumstances will order be executed for a price that is lower than limit price. Additionally, order won’t be executed when the spot price is above the stop price. In this case the order will be temporarily deactivated and will be re-activated once the spot price falls below the stop price. Stop price is a fixed price, expressed as a percentage of spot price in the moment when order is activated.

The fees for trading gold consist of a fixed fee of 1 EUR per transaction +0.25% of order value. For silver, this is 1 EUR per transaction +1.00% of order value. For platinum, the fee is 1 EUR per transaction +0.45% of order value. Finally, for palladium, the fee is 1 EUR per transaction +0.20% of order value.

Deposits to the platform depend on the type of transaction. For SEPA transactions, deposits are free of charge; withdrawals incur a 3.00 EUR fee, and transfer returns incur a 5.00 EUR fee. For international wire transactions, deposits are free of charge, withdrawals incur a 8.00 EUR fee, and transfer returns incur a 12.00 EUR fee. Finally, for personal deposits and withdrawals of precious metals, both deposits and withdrawals are free, though collection for withdrawals must be made within 48 hours from withdrawal request; after that period the customer will be charged a storage fee.

Fees for international delivery via Fedex are 18.50 EUR (shipping fee) + 0.5% of the content’s value (insurance) for deposits, withdrawals, and returns of unannounced deposits or deposits of bullion bars that don’t meet GODBEX’s standards.

Storage daily fees are 0.01% for gold, platinum, and palladium, and 0.02% for silver. These fees are billed monthly on the average daily balance of the customer’s holdings, multiplied by the storage rate of the metal. Storage fees will be charged on the last day of the month for the passing month.

In the period from April 15th until May 15^th 2023, confidently trade on GODBEX with no transaction fees. Following the 30 days, continue trading for 50% the usual trading fee until July 15^th 2023.

Yes. The GODBEX app is available for download on App Store and Google Play.