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.
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.
Minimum deposit $250
Extensive supporting educational material
Industry leading platform
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.
Deposit: $250 – $999
Leverage: up to 1:100
Deposit: $1000 – $24,999
Leverage: up to 1:200
Deposit: $25,000 – $99,999
Leverage: up to 1:400
Spread: 1.9 points
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
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.
There are no additional charges for deposits. Funds will be reflected in the account after the user’s account has been authorized. You can request a withdrawal during regular office hours. The following payment options are available for deposits and withdrawals:
Your payment will be processed within 7 (seven) business days, after which the payment will be made via the original payment method. Withdrawal of funds is only available to clients who have uploaded their supporting documents and had their trading accounts validated.
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.