Golden FX reviews

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.

Golden FX Review: Is Golden FX Scam or Safe?

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.

Account Types

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.

There are 4 account types:
standard €250 – €999
silver €1,000 – €24,999
gold €25,000 – €99,000
platinum above €100,000

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.

Bonuses

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.

Deposits and Withdrawals

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.

Trading Platforms

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.

Social Trading

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

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.

Trading Support

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.

Summary

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.

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Comments

5 I opened my account in January just to see what it’s like to trade. I didn’t expect any profits as I had zero experience. I blew up my first account in no time, it was a disaster) but I learned a few lessons from that and don’t do such stupid mistakes anymore. Btw I trade only by myself i don’t trust any finadvisors and stuff. I can’t say I’m a great trader but I’m happy I have ANY profits at all. I earn €50-300 monthly and safely withdraw them to my credit card.
5 I’d like to thank financial advisor Steven. He knows how to win people, how to speak and explain. I was a manager before retirement, and I’d surely entice him to my company. I immediately saw he’s high qualified and client-oriented.
4 For me except normal spreads fin indicators and nice choice of instruments golden-fx has one more significant plus-high quality support. I had troubles uploading my docs and installing mt5 but they really helped me.
4 Appreciate them for low first deposit, just €250. I started trading from scratch with them and I had only little savings. If you have little money and zero experience they are a good choice.
5 Didn’t write anything about GoldenFX before first withdrawal. I learned from my mistakes with other brokers that if execution is ok it’s nothing. But here I withdrew my profits with no problem no fraud on slippages also. i trade with them just month and mb some problems will come in the future. At least I know I can withdraw anytime.

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