Golden Brokers is a regulated broker operating under the supervision of the Labuan Financial Services Authority (LFSA) in Malaysia. Trade with confidence knowing your funds are secure and your trading activities are regulated. Enjoy access to over 700 financial instruments and start trading today with a minimum deposit of $100.
Golden Brokers Reviews – Table of Content
What can be traded
As I have mentioned earlier, they offer its clients the ability to trade on more than 700+ financial instruments.
The main advantage of this broker is the wide offer of possible leverage trading which enables trading with the maximum forex leverage 1:500.
Also read: Wonderinterest Broker Review
Broker regulation
Benefit from the added security of trading with a regulated broker. Golden Brokers holds client funds in segregated accounts, providing an extra layer of protection.
Golden Broker charges
The withdrawal fees vary on the payment method and they don’t charge a fee for inactive accounts or withdrawal. They charge overnight funding or ‘swap’ fees and commission on CFD instruments.
Golden Brokers demo account
You can sign up for a free demo account and test your skills or learn from scratch. It’s simple to open a demo account. It’s widely highlighted on their website. You need to fill in a short online form with your name, email and telephone number.
Registering for an account with Golden Brokers
Done in a minute. In the next minute, you have a couple of welcome emails. The first email has the activation link. The second email has your login details. Once activated and logged in, you have another option to choose, whether you want a live account or demo account.
After choosing I want a demo account, I had to choose yet again, that I want a demo account.
WebTrader is a great choice for MacBook users. Enjoy its simplicity and ease of use while practicing with a $100,000 demo account on the MT5 platform. Keep in mind that you’ll need to sign up again when switching between WebTrader and the main MT5 platform.
The registration was simple, quick and without any delays. It’s just annoying, that to open a demo account, I need to agree several times.
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The Golden Brokers platform
Golden Brokers offer the well-known MetaTrader 5 platform. You can download with android, apple and windows from their website. With MT5 you can trade different currency pairs, stocks, indices, precious metals and commodities on one platform, although the predecessor MT4 was souped-up too. You can also use the WebTrader or mobile app. The platform design is a bit retro I`d say, even the sounds and everything, but is fast, functional and you can work yourself through intuitively.
Social networks
Golden Brokers are active on:
- YouTube
I couldn`t find a direct link to social networks. So, I had to log in to my FB account and look for Golden Brokers, which should be updated on their website. They post news and facts, videos a couple of times a month. So, the activity there is fine.
Other accounts like LinkedIn and Instagram are updated the same as FB.
The contacts are standard phone, email, address, but I was missing live chat.
The Education section I was interested in the most. Articles nicely describe platforms and trading an instrument, all functioned well. They also have some videos for you to watch. You can also find their blog in the top panel, where there are around 30 articles to go through.
Golden Brokers website
The website is available obviously in English, as well as translated into seven other languages. At a first glance, it looks to be simple and everything you should know is located on the main page. The features of the website are:
- Home
- About us
- Trading
- News
- Contact us
- Education
- Blog
In the News section, you can go through Market News, Analysis, Weekly review and they also have an economic calendar. The news is up to date, only about a day or two old.
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Golden Brokers advantages and disadvantages
They offer 700+ financial instruments on a new platform MT5. You can also use a WebTrader and that`s positive. They are active on their social accounts, but I`m missing some big things here. They don’t have live chat.
Pros:
- MetaTrader 5 with Android, Windows or Apple.
- WebTrader
- Demo account
- Profound news, analytical and educational sections
Cons:
- No live chat
- Name that can confuse with brokers on gold and, thus, difficulties in finding the correct reviews on the internet
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