Two basic rules for trading participants:
When a bid is made by the Buyer, the system matches the Seller’s bullion allocation with the bid and reassigns the bullion ownership to the Buyer.
The funds from the Buyer’s account is then transferred to the Seller’s account.
Real time audits ensure that all bullion traded within the SGPMX ecosystem are fully allocated and segregated. This also means that the new owner of the bullion will be recognised in the system.
The SGPMX Trading Platform is a tool where willing Buyers and Sellers transact physical bullion stored within the ecosystem.
The traded bullion remains UNCIRCULATED.
1. Open Trading Account
2. Fund Trading Account
3. Buy Gold
4. Vault Storage
5. Sell Gold
6. Withdrawal of Funds
Withdrawal of Funds
Bank Transfer to Bank Account
|SGPMX Exchange Platform||Asset Conversion Exchange (ACE)|
|Main highlight||Peer-to-peer trading opportunity||Trade in fractions instantly|
|Features||Buy and sell 100% fully-allocated physical bullion (gold/silver) that are dedicated and insured||Buy and sell 100% physically backed LBMA 1kg gold and silver bar (9999) on an independent platform|
|Price determining factor||Price of your choice||Gold and silver spot price (market price)|
|Minimum trade value (USD)||$1,000.00*||$1.00*|
|Trade with||Private investors, bullion traders, institutions, refiner, mints||Any ACE user|
*All fees and administrative charges are subject to 7% GST
**Terms & Conditions apply
… or continue reading about the SGPMX Exchange Platform below.
The Bonded Storage Storekeepers records bullion products in a Master Bar List which contains ownership details of all owners. Each individual bullion is then allocated and stored according to their respective owners.
Audits are real-time and is subject to regular physical inspection by the Singapore Customs Authority and appointed third-party Auditors. This is to ensure all bullion are properly tracked and that the trading platform database and safekeeping records matches.
The trading platform’s database will be updated and the member’s online records of their safekeeping and bar list of all owned bullion in storage will be reflected. Copies of each instruction will be given to External Auditors as well.
When a successful transaction takes place, SGPMX will provide the Storekeepers a real-time list of the successful trade, who will in turn update the Master Bar List.
We ensure our Trading Platform participants only deal with genuine accounts via our thorough KYC process. The KYC process includes:
Copyright© 2022 Singapore Precious Metals Exchange Pte Ltd (Company No. 201020848N),
Le Freeport 32 Changi North Crescent, Singapore 499643.