Golden FX is a broker with long history of operation and strong technological infrastructure and customer service. It offers access to industry-leading trading software and supports a competitive list of trading assets compared to other forex brokers. Trading costs offered by the broker are average in the industry.
Founded in 2010, Golden FX has a long history in the retail forex trading industry. The forex broker operates in more than 190 countries of the world with focus on Scandinavian and Arab countries. Golden FX provides its customers with access to global financial market including capital markets, commodity markets, and forex markets. The broker is operated by BR Consulting Group Ltd.
To start trading with Golden FX, the broker requires to open an account and fund it with an initial deposit starting from €250. Client’s trading account type depends on their account size.
Leveraged trading is available for all account types starting from 1:100 leverage for standard account to 1:500 for platinum. Trading costs vary depending on account type as well. Standard and silver accounts have standard spreads, while gold and platinum have 1.9 and 1.5 spread, respectively.
Customers with all account types have access to personal account managers (senior account managers for platinum clients), free automatic trading, and free education package. Islamic account can be opened upon request for all account types.
Golden FX offers welcome bonuses for new clients. Depending upon their account type, a customer can receive up to 100% bonus on their first deposit.
The foreign exchange broker also rewards its customers with referral bonuses. Referrers get bonuses in the amount of 10% of the first deposit of each of their referees. Bonuses are credited after verification of a referee.
Golden FX accepts deposits via local bank transfer and debit/credit card. The amount of minimum deposit is €250.
Withdrawals are processed within 7 business days and payments are made via the original payment method used by a client. Withdrawals are only available to clients who have verified their identity.
The broker offers free access to MT5 platform and MT WebTrader. The industry-leading platforms allow for flawless buying and selling of a wide range of assets. MT5 trading platforms by Golden FX let users trade CFDs, indexes, stocks, commodities, and numerous currency pairs without slippages and requotes.
All Golden FX clients receive free access to its online social FX trading platform where they can communicate with each other and follow successful traders.
Customer support is available from Monday to Friday via phone, email, and live chat. To check quality of their service, we made 10 calls over 1 month and asked various questions about the broker’s conditions, deposit and withdrawal process, and platform setup. Each call was connected in less than a minute. Customer support representatives demonstrated high professionalism and thoroughly answered all our questions.
Golden FX offers a wide range of trading support options. The broker provides its clients with the following materials containing currency trading theory: free eBooks, forex articles, and tutorials. Golden FX also regularly informs its clients about current market situation and price movements in email newsletters, social media posts, and updates from personal account managers. In addition, the broker offers free trading signals and access to its automated trading robot.
Golden FX is a broker with long history of operation and strong technological infrastructure and customer service. It offers access to industry-leading trading software and supports a competitive list of trading assets compared to other forex brokers. Trading costs offered by the broker are average in the industry. The main weaknesses are absence of demo accounts and unavailability of customer support on weekends.