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GOLDEN FOREX

Israel|2-5 years|
High potential risk|

https://thegoldenforex.com/

Website

Rating Index

Contact

+90 530 357 71 80
sales@thegoldenforex.com
https://thegoldenforex.com/

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Contact number

English

+90 530 357 71 80

Other ways of contact

Broker Information

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Company Name

GOLDEN FOREX

Abbreviation

GOLDEN FOREX

Platform registered country and region

Israel

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-11-15
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

GOLDEN FOREX · WikiFX Survey

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GOLDEN FOREX · Company Summary

GOLDEN FOREX Basic Information
Company Name GOLDEN FOREX
Headquarters China
Regulations Not regulated
Tradable Assets Currency Pairs, Cryptom stocks, Indices, Commodities
Account Types Silver, Gold, Bronze Account
Minimum Deposit € / $ / £ 500
Maximum Leverage 1:300
Customer Support Email (sales@thegoldenforex.com)Phone (+90-530-357-71-80)

Overview of GOLDEN FOREX

GOLDEN FOREX, based in China, serves as an online trading platform providing traders with a wide selection of financial instruments. Through the GOLDEN FOREX trading platform, traders have access to an array of tradable assets, including currency pairs, cryptom stocks, indices, and commodities. The platform offers flexibility with a range of account types, such as Silver, Gold, and Bronze Accounts, enabling traders to align their trading approach with their individual needs and goals. However, it's important for traders to be aware that GOLDEN FOREX operates without regulatory oversight, emphasizing the need for caution.

Is GOLDEN FOREX Legit?

GOLDEN FOREX is not regulated. Traders should be aware that GOLDEN FOREXoperates without regulation, meaning it lacks oversight from established financial regulatory authorities. This absence of regulation introduces risks, including limited avenues for resolving disputes, potential concerns regarding fund safety and security, and a lack of transparency in the broker's operations. To mitigate these risks and ensure a safer trading experience, it is recommended that traders thoroughly research and consider a broker's regulatory status before engaging in trading activities.

Is GOLDEN FOREX Legit?

Pros and Cons

GOLDEN FOREX presents traders with a diverse range of trading instruments, allowing for opportunities across various financial markets. However, it's important to note that the platform operates without regulatory oversight, which may expose traders to potential risks. Additionally, there are concerns regarding the lack of clarity in spread and commission information, making it challenging for traders to assess costs accurately. Furthermore, difficulties in accessing the website may hinder traders' ability to engage with the platform seamlessly. Moreover, GOLDEN FOREX imposes high minimum deposits, potentially limiting accessibility for traders with smaller capital. In conclusion, while GOLDEN FOREX offers trading opportunities, traders should exercise caution due to the absence of regulatory supervision and potential limitations in support resources.

Pros Cons
  • Diverse range of trading instruments
  • Operates without regulatory oversight, potentially exposing traders to risks
  • Unclear information on spread and commission
  • Unable to access the website
  • High minimum deposits

Trading Instruments

GOLDEN FOREX provides a wide array of trading instruments, encompassing currency pairs, cryptom stocks, indices, and commodities.

Trading Instruments

Account Types

GOLDEN FOREX offers a range of account types to accommodate traders with varying levels of experience and investment sizes. All account types provide traders with access to supported Expert Advisors (EA) to enhance their trading strategies. The Silver Account, with a minimum deposit of € / $ / £ 2500, is tailored for traders seeking to start with a moderate capital investment. For those looking for enhanced privileges and capabilities, the Gold Account is available with a minimum deposit of € / $ / £ 25,000. Additionally, GOLDEN FOREX provides the Bronze Account, requiring a minimum deposit of € / $ / £ 500.

Account Type Minimum Deposit Maximum Leverage Trading Instruments
Silver Account € / $ / £ 2500 1:200 Currency Pairs, Cryptom stocks, Indices, Commodities
Gold Account € / $ / £ 25,000 1:300 Currency Pairs, Cryptom stocks, Indices, Commodities
Bronze Account € / $ / £ 500 1:150 Currency Pairs, Cryptom stocks, Indices, Commodities

Leverage

GOLDEN FOREX offers varying leverage options based on the account type selected. The Silver Account provides a maximum leverage of 1:200, offering traders moderate leverage to amplify their trading positions. Traders opting for the Gold Account can benefit from a higher maximum leverage of 1:300, allowing for greater trading flexibility and potential returns. Meanwhile, the Bronze Account offers a maximum leverage of 1:150, providing traders with a lower leverage option suitable for more conservative trading strategies.

Leverage

Customer Support

The primary contact methods for GOLDEN FOREX include email and phone. Traders can reach GOLDEN FOREX's customer support team via email atsales@thegoldenforex.com. Additionally, traders can contact GOLDEN FOREX by phone at +90-530-357-71-80.

Customer Support

Conclusion

In conclusion, GOLDEN FOREX provides traders with a wide range of trading instruments, yet operates without regulatory oversight. This absence of supervision raises concerns about transparency and investor protection. Additionally, the platform's unclear spread and commission information, coupled with potential accessibility issues, pose challenges for traders. Furthermore, the imposition of high minimum deposits may limit accessibility, particularly for traders with smaller capital. Therefore, while GOLDEN FOREX offers trading opportunities, traders should proceed cautiously, considering these factors before engaging with the platform.

FAQs

Q: Is GOLDEN FOREX regulated?

A: No, GOLDEN FOREX operates without regulation, which means it lacks oversight from recognized financial regulatory authorities.

Q: What trading instruments are available on GOLDEN FOREX?

A: GOLDEN FOREX offers a range of trading instruments, including currency pairs, cryptom stocks, indices, and commodities.

Q: What account types does GOLDEN FOREX offer?

A: GOLDEN FOREX provides various account types, including Silver, Gold, and Bronze Accounts, catering to different trading preferences and experience levels.

Q: How can I contact GOLDEN FOREX's customer support?

A: You can reach GOLDEN FOREX's customer support team via email at sales@thegoldenforex.com. Additionally, traders can contact GOLDEN FOREX by phone at +90-530-357-71-80.

Risk Warning

Trading online carries substantial risk, and there is a possibility of losing all invested capital. It may not be suitable for every trader or investor. It is crucial to comprehend the associated risks fully. Additionally, the information provided in this review could change due to the company's continuous updates to its services and policies. The date of this review's generation should be considered, as information may have evolved since then. Therefore, readers are encouraged to verify updated information directly with the company before making any decisions or taking any actions. The reader holds sole responsibility for using the information provided in this review.

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