> For the complete documentation index, see [llms.txt](https://mc-markets.gitbook.io/mcmarkets-infohub/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://mc-markets.gitbook.io/mcmarkets-infohub/faq/traditional-instrument.md).
# Traditional Instrument
What are the gold and forex products on the platform?
Gold (XAUUSD) and forex pairs (EURUSD, GBPUSD, USDJPY, USDCHF, USDCAD, AUDUSD, NZDUSD) are RWA (Real-World Asset) perpetual instruments. Like crypto perpetuals, they trade as perpetual contracts, but due to regulatory requirements, they require completing L0 verification before trading. Crypto perpetuals and spot trading are not subject to this restriction.
Are there trading hour restrictions for traditional instruments?
Yes. Traditional financial instruments such as gold, forex, indices, oil, and U.S. stocks follow the open/close hours of their corresponding real-world markets and are not tradeable 24/7, unlike crypto instruments (BTC, ETH, SOL, etc.), which trade continuously around the clock. Specific open/close hours for each instrument are subject to real-time display under the \[Trading Rules] tab on the trading page.
What is a gap? How does it affect my position?
A Gap refers to a price range where no trading occurred while the market was closed, even though the underlying asset's real-world price may still move due to news or events. When the market reopens, the price may jump directly to a new level rather than moving continuously from where it closed.
If you hold a position in a traditional instrument over a market closure, a gap can affect your position in the following ways:
* The sudden price movement at market open may cause your margin ratio to change rapidly, potentially triggering a Margin Call or forced liquidation
* If you have Take Profit/Stop Loss orders set, they may execute at the actual post-gap price rather than your preset price.
We recommend assessing your position risk before the market closes. If you're concerned about price movement during the closure, consider reducing your position or adding margin in advance.
Why can't I trade gold or forex on weekends?
Trading hours for traditional instruments such as gold and forex follow the open/close schedule of their corresponding real-world markets, most of which are closed on weekends so these instruments cannot be traded during that time. Crypto instruments (BTC, ETH, SOL, etc.) are not subject to this restriction and trade 24/7. Specific open/close hours for each instrument are subject to real-time display under the \[Trading Rules] tab on the trading page.
What are the differences in trading rules between traditional and crypto instruments?
Traditional instruments (gold, forex, indices, oil, U.S. stocks) and crypto instruments (BTC, ETH, SOL) differ in the following key ways:
* KYC requirement: Traditional instruments (RWA assets) require L0 verification before trading.
* Trading hours: Crypto instruments trade 24/7; traditional instruments follow their corresponding real-world market's open/close hours and cannot be traded while that market is closed.
* Margin and settlement: All perpetual contracts are settled in USDC, but leverage differs by instrument — each instrument has its own fixed leverage, as shown in the instrument list.
* Funding rate and liquidation mechanism: For both traditional and crypto instruments, funding rates are settled hourly, and liquidation is uniformly based on Mark Price. A margin ratio below 100% triggers a Margin Call, and below 50% triggers forced liquidation. This part of the rules is consistent across both.
In short, the core trading engine and margin/liquidation logic are unified, the main differences lie in the KYC threshold and trading hours.