Golden Brokers Review 2023
In 2018, Labuan-based money broker Golden Brokers was established. Golden Brokers provides its services to online traders all over the world despite having its headquarters in Malaysia.The platform offers traders access to a range of financial instruments, including Forex, CFDs, stocks, indices, and commodities. Golden Brokers provides clients with a range of account types, each offering different features, trading conditions, and account management services.
Golden Brokers’ trading platform is designed to be user-friendly and efficient, catering to traders of all levels. The platform provides clients with a range of advanced analytical tools, including technical analysis indicators, market news, and real-time charting, to help traders make informed trading decisions.
Tradeable Markets and Products from Golden Brokers.
Golden Brokers offers a diverse range of financial instruments that are available for trading on its platform. These instruments include Forex, CFDs, stocks, indices, and commodities, giving traders a wide range of trading opportunities to choose from.
Forex trading is one of the most popular trading instruments available on the Golden Brokers platform. Traders can access a range of major, minor, and exotic currency pairs, with competitive spreads and leverage up to 1:500. This allows traders to take advantage of even the smallest price movements in the Forex markets.
Golden Brokers also offers a range of CFDs (Contracts for Difference) that allow traders to speculate on the price movements of underlying assets, such as stocks, indices, and commodities. These instruments offer traders the opportunity to trade on the movement of a particular asset without actually owning it, making it a more cost-effective and flexible way of trading.
In addition to Forex and CFDs, Golden Brokers also provides traders with access to a range of stocks from major global markets, including the US, Europe, and Asia. Traders can invest in individual stocks or trade on a range of indices, such as the S&P 500 or NASDAQ, which offer exposure to a basket of stocks from a particular market.
Commodity trading is another popular instrument on the Golden Brokers platform. Traders can access a range of commodities, including precious metals such as gold and silver, energy products such as oil and gas, and agricultural products such as wheat and corn. This allows traders to diversify their trading portfolios and take advantage of price movements in global commodity markets.
What is a Trading Company?
A trading company is a business that does not produce its own products. Instead, it collaborates with one or more manufacturers, procuring their products and exporting them. Trading companies act as an intermediary between the buyer and the factory.
Registration of trading account
Traders can register for an account online by providing some basic personal information, including their name, email address, and phone number.
Once the account registration process is complete, traders will be required to complete the KYC (Know Your Customer) verification process. This involves providing identification documents such as a passport or national ID, as well as proof of address such as a utility bill or bank statement. This is a standard procedure that ensures that Golden Brokers adheres to strict regulatory requirements.
After the verification process is complete, traders can fund their account and start trading. Golden Brokers offers a range of funding options, including bank wire transfer, credit/debit cards.Traders can choose the funding method that is most convenient for them.
A free demo account and an Islamic (swap-free) account are also accessible through the broker. It should be noted that the Islamic account only offers swap-free trading for 20 calendar days; thereafter, swap fees will be applied to any open positions.
Golden Brokers Trading Platforms
Customers of Golden Brokers utilize the well-known MetaTrader 5 platform. It is suitable for both inexperienced and seasoned traders and has an intuitive user interface. The web, mobile apps, and desktop apps can all be used to access MT5.
The MetaTrader 5 platform is the latest version of the MetaTrader platform and offers a range of advanced features and tools. It includes a more extensive range of technical indicators, advanced charting capabilities, and the ability to trade a wider range of financial instruments. The MT5 platform is available in both desktop and mobile versions, providing traders with flexibility and convenience.
Regulation and license
The Labuan Financial Services Authority (“LFSA”) has issued a license to Golden Brokers Ltd with license number MB/19/0030 to act as a money broker and is responsible for enforcing that license. Although the company has operations around the world, its main office is in Kuala Lumpur, Malaysia.
Golden Brokers maintain their clients’ funds in a separate account from the broker’s funds in accordance with the client agreement. Protecting clients’ money, particularly in the event that a business is declared bankrupt, requires keeping client and corporate funds separate. As soon as the margin level drops below 50%, the broker also employs a stop protection policy that liquidates open trade positions.
Website and its functionality
Golden Brokers’ website is designed to be user-friendly and informative, providing clients with all the necessary information and tools to trade effectively. The website is easy to navigate, with clear menus and intuitive design.
The homepage provides an overview of the trading products and services available, including a list of tradable instruments and access to the trading platforms. There is also a live news feed, which keeps traders informed of the latest market developments and events.
The website also includes a range of educational resources, including trading guides, webinars, and tutorials. These resources are designed to help traders of all levels improve their trading skills and knowledge.Golden Brokers support account in all popular social networks. All of them are accessible from the home page.
The website also includes a range of customer support options, including a comprehensive FAQ section and a support ticket system. This ensures that clients can get the help they need quickly and easily.
Golden Brokers also won many awards, even two in 2022 at the Forex Traders Summit in Dubai, namely best customer service and fast-growing forex broker.
Overall, Golden Brokers is a reliable and reputable online trading platform that provides a range of financial instruments, account types, and educational resources to suit traders of all levels. With its user-friendly interface, advanced trading tools, and strict regulatory oversight, Golden Brokers is an excellent choice for traders looking for a secure and efficient trading experience.
- Meta trader 5
- User-friendly interface
- Multilingual support
- Demo account
- inactivity account fee