Golden-FX.com Reviews

Site: https://golden-fx.com

GoldenFX is a broker with a long history of operations, strong technological infrastructure and customer service. It offers access to industry-leading trading software and supports a competitive list of trading assets. Founded in 2010, GoldenFX has a long history in the retail forex trading industry, providing its customers with access to global financial markets including capital markets, commodity markets, and forex markets. The broker is operated by Consulting Group Ltd.

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Where and how does it operate?

GoldenFX operates in more than 190 countries of the world with a focus on Scandinavian and Arab countries. The broker offers free access to the MT5 and MT WebTrader, industry-leading platforms that allow for flawless buying and selling of a wide range of assets. The MT5 trading platform lets users trade CFDs, indexes, stocks, commodities, and numerous currency pairs without slippages and requotes, granting everyone with the right mindset a chance at establishing a stable source of income. All GoldenFX clients also receive free access to its online social FX trading platform where they can communicate with each other and follow deals that successful traders make.

Customer support is available from Monday to Friday via phone, email, and live chat. To check the quality of their service, we made a few calls over the period of a month and asked various questions about the broker’s trading conditions, deposit and withdrawal processes, and overall platform setup. Each call was successfully connected through in less than a minute. Customer support representatives demonstrated high professionalism and thoroughly answered all our questions.

GoldenFX accepts deposits via local bank transfers and debit/credit cards. The minimum deposit amount is equal to $250. Withdrawals are processed within 7 business days and payments are made via the original payment method used by the client. Withdrawals are only available to clients who have verified their identity.

GoldenFX also 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 video tutorials. Moreover, GoldenFX also regularly informs its clients about current market situations and price movements in email newsletters, social media posts, and updates from personal account managers. Finally, the broker offers free trading signals and access to its automated trading robot.

Great support
Minimum deposit $250
Extensive supporting educational material
Industry leading platform

What are the account types?

To start trading with GoldenFX, you are required to open an account and fund it with an initial deposit starting from $250. Client’s trading account type depends on their initial deposit size.

There are 4 account types:

Standard
Deposit: $250 – $999
Leverage: up to 1:100
Standard Spread

Silver
Deposit: $1000 – $24,999
Leverage: up to 1:200
Standard Spread

Gold
Deposit: $25,000 – $99,999
Leverage: up to 1:400
Spread: 1.9 points

Platinum
Deposit: Above $100,000
Leverage: Clarify with account manager
Spread: 1.5 points

Leveraged trading is available for all account types, starting with 1:100 leverage for standard accounts and up 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.

All account types grant their owners access to a personal account manager (senior account managers for platinum clients), free automatic trading, and free educational packages. Islamic accounts can be opened upon request for all account types.

Good account variety
Competitive spreads and leverage
Minimum deposit isn’t cheap

Are there any bonuses or promotions?

GoldenFX offers welcome bonuses for new clients. Depending on their account type, a customer can receive up to 100% bonus on their first deposit. The 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.

Conclusion

With a long history of success behind its back and a strong technological infrastructure established in place, GoldenFX has solidified its positions as one of the leading brokers on the market. Granting clients a highly competitive list of trading assets as well as superb customer support across the board, GoldenFX gives you all the tools necessary to succeed. In addition to the extensive educational materials, the new and highly improved MT5 serves as a multi-asset platform will all the necessities you could think of. The only real drawback worth highlighting is the lack of a demo account, which is always nice to have in order to get acquainted with everything.

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Comments

4 If you ignore the fact that I lost my first deposit in 2 days, things got off on a good start with my second one. I decided to stick with the web trader since I knew I wasn’t going to have the patience to understand the full capabilities of the app. The simpler, the better for me. Execution speeds are always fast. Most of the time I trade on my phone with LTE, and only experienced issues once when the trader wasn't registering my clicks, leading to a serious loss of capital. Other than that though, all is good. No scams so far.
5 Quick and easy withdrawals, support team that knows what it is doing and a platform with a plethora of useful tools. All you need and all you will get. Just ordered a powerful brand new $400 GPU to upgrade my gaming pc with the money I earned here. Cheers.
5 All I wanted in a broker I found here. No one trying to scam me, a pleasant lady that works as my personal assistant and trading conditions that are good enough for me to stay. Without a doubt one of the best brokers I encountered in the last few years. I would recommend it for people that have experience already.
5 I opened my account based on my friend’s recommendation to see what it’s like to trade. I didn’t expect any profits that quickly. The first 2 months I survived on my initial deposit, but after a few bad choices I was back at 0. About 5 weeks ago I made my second deposit, and now I have secured a stable income of $40-$80 per week. I had no problems withdrawing what I earned, leaving only the initial $250 to work with again.
4 I want to thank my advisor Steven. He certainly knows how to win over people, how to speak and explain things to me that seemed too complex to even bother understanding. I was a manager before retiring, and I’d surely entice him into my company if I had one. I immediately saw he’s highly qualified and client-oriented. Without him, I wouldn't be buying a new 65 inch 4k TV for my room. Thank you!
5 I had trouble verifying my account and installing the platform, but my assistant explained everything with patience and helped me figure everything out in the end. I'm leaving this comment after 1 month of trading. I think it’s enough time to see this is a good broker. The spreads are relatively good compared to others, support is always there to help. I'm satisfied with my choice.
4 Last week decided to change my broker and ended up with this one. Just $250 to open an account. Thinking of upgrading to silver and putting that leverage to good use. Everything you need from a broker you will find here. MT5 is awesome by the way, only worked with the previous version before.
4 I always test first to see if the broker will come through with my withdrawals before deciding to commit to one. GoldenFX passed with flying colors here. Just over 1 business day. I don't rely on personal assistants that much, but having one is always nice. Spreads and leverage are good here, especially on a silver account. So far in a few weeks, I made enough to go on my dream 2-week holiday in Japan, all necessities included. So thank you guys for everything.

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