Spot Prices
BID $
ASK $
(%)
Markets are closed.
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BID $
ASK $
(%)
Markets are closed.
Next check in seconds.
Lock deposits are funds left on file for use in future purchases or sales.
Lock deposit funds allow you to fix the purchase price by phone, text, or email before bringing in the material.
Depending on the product type and quantity being sold, you should anticipate needing approximately 10% of the estimated payout amount in available Lock Deposit funds to lock a price.
We use your deposit as a hedge, ensuring we can buy your material at the agreed price regardless of spot price changes.
You may lose some or all of this deposit if you fail to deliver the specified type and amount of material by the agreed upon date, or the condition or quality are not as represented.
Upon completion of the purchase, your lock deposit can remain in your account for future use or be returned via check or bank wire.
Lock deposits allow you to immediately confirm your order and fix pricing when ordering during business hours.
Depending on the product type and total order amount, you should anticipate needing between 15-25% of the order amount in available Lock Deposit funds to lock a price.
The deposit is applied as a credit toward your invoice.
If your order is confirmed, and you fail to pay the order balance within the agreed upon timeframe, you may lose some or all of this deposit.
Funds can be deposited via bank wire, Zelle, or cash. Cash may not exceed $10,000 every 48 hours.
Regardless of the funding method, your lock deposit account balance cannot exceed $25,000.
You can request the return of some or all of your uncommitted lock deposit funds at any time. There are no fees for withdrawals.
Funds are returned by your choice of business check or bank wire upon written request.
We cannot return lock deposits via cash or any other form of payment.
Allow up to one business day for bank wire processing and up to two business days for check payment processing.
