Introduction

Golden Brokers is a online trading platform that offers investors access to a wide range of assets including stocks, bonds, commodities, and Forex. The company is regulated by the Cyprus Securities and Exchange Commission (CySEC), and offers two different types of accounts – a live account and a demo account. In this Golden Brokers review, we will take a look at the regulations, platforms, pros and cons of the company, as well as traders’ ratings.

What is Golden Brokers?

Golden Brokers is an online broker that offers trading in a variety of financial instruments, including forex, CFDs, and cryptocurrency. The company is headquartered in Belize and is regulated by the International Financial Services Commission (IFSC). Golden Brokers offers the MetaTrader 4 platform for trading and provides leverage of up to 1:500. The minimum deposit for a live account is $250.

Golden Brokers has been operational since 2011 and provides customer support 24/7. The broker also offers a free demo account to practice trading before opening a live account. Golden Brokers has a TrustPilot rating of 4.4 out of 5 stars based on over 400 reviews.

Regulations

As a regulated broker, Golden Brokers adheres to strict financial regulations imposed by the European Securities and Markets Authority (ESMA). This includes leverage limits of 1:30 for major currency pairs, and 1:20 for other instruments. These leverage restrictions protect retail traders from over-leveraging their accounts and blowing up their balance.

In addition, Golden Brokers has Negative Balance Protection in place, meaning that your account balance cannot go below zero. This is important in case of strong market movements that go against your open positions.

Lastly, as a regulated broker, Golden Brokers is a member of the Investor Compensation Fund (ICF). This fund protects eligible clients up to €20,000 in case the broker becomes insolvent.

Platforms

There are three main types of platforms that brokers use: the MetaTrader 4 (MT4), the WebTrader, and the Mobile Trader. Each has its own strengths and weaknesses.

The MT4 is the most popular platform among forex traders. It is user-friendly and has a wide range of features, making it ideal for both beginner and experienced traders. However, it is not available on all brokers.

The WebTrader is a web-based platform that can be accessed from any computer with an internet connection. It is less user-friendly than the MT4 but still has a lot of features.

The Mobile Trader is a mobile app that can be downloaded on iOS or Android devices. It is the least user-friendly of the three but can be very useful for traders who want to trade on the go.

Pros and Cons

As with any broker, there are both pros and cons associated with Golden Brokers. Some of the main pros include the fact that they are regulated by CySEC and offer a variety of different account types to choose from. They also have a wide range of deposit and withdrawal methods available, as well as customer support in multiple languages.

On the downside, Golden Brokers has been known to be quite slow in processing withdrawals, and their customer support isn’t always the most responsive. Additionally, their trading platforms may not be suitable for all traders, and some have complained about spreads being higher than advertised. Overall, Golden Brokers is a decent broker with both good and bad points.

Trader’s Ratings

GoldBroker.com is a gold and precious metals broker that offers trading services in both English and French. The company is headquartered in Geneva, Switzerland and was founded in 2011. GoldBroker.com is regulated by the Swiss Financial Market Supervisory Authority (FINMA).

The company offers two trading platforms: the MetaTrader 4 (MT4) platform and the GoldBroker.com platform. The MT4 platform is a popular choice for forex traders, while the GoldBroker.com platform is designed specifically for trading gold and other precious metals.

GoldBroker.com has a wide range of products available for trading, including gold, silver, platinum, and palladium. The company also offers storage facilities in both Switzerland and Hong Kong.

GoldBroker.com has received generally positive reviews from traders. The company’s customer service is responsive and helpful, and traders appreciate the company’s low fees and easy-to-use trading platforms.

Conclusion

Overall, Golden Brokers is a reliable and reputable online broker that offers a wide range of features and services. However, it’s important to note that the company is not without its faults – as with any broker, there are some drawbacks that you should be aware of before deciding whether or not to use their platform. Nonetheless, if you’re looking for an online broker that can offer you a good selection of assets, competitive spreads, and excellent customer support, Golden Brokers is definitely worth considering.