Golden Brokers review (2021)

golden brokers homepage

Golden Brokers Limited was founded in 2018, it is regulated in Malaysia, by the Labuan Financial Services Authority (LFSA), and offers clients the ability to trade on more than 700+ financial instruments. These can be Forex, Shares, Indices and Commodities.  Clients can open a live, demo or Islamic accounts and trade on the Metatrader 5 platform. The minimum deposit is $100.

What can be traded

As I have mentioned earlier, they offer its clients the ability to trade on more than 700+ financial instruments. You can trade:

  • Forex
  • Shares
  • Indices
  • Commodities

The main advantage of this broker is the wide offer of possible leverage trading which enables trading with the maximum forex leverage 1:500.

trading instruments

Broker regulation

This broker is authorised and regulated by the Labuan Financial Services Authority (LFSA). Golden Brokers provides further security of client funds by holding funds in a segregated account from company funds.

Golden Brokers demo account

You can sign up for a free demo account and test your skills or learn from scratch. It’s simple to open a demo account. It’s widely highlighted on their website. You need to fill in a short online form with your name, email and telephone number.

demo account

Golden Broker charges

The withdrawal fees vary on the payment method and they don’t charge a fee for inactive accounts or withdrawal. They charge overnight funding or ‘swap’ fees and commission on CFD instruments.

Registering for an account with Golden Brokers

Done in a minute. In the next minute, you have a couple of welcome emails. The first email has the activation link. The second email has your login details. Once activated and logged in, you have another option to choose, whether you want a live account or demo account.

new to trading

 

After choosing I want a demo account, I had to choose yet again, that I want a demo account.

platform account

Now I`m in the demo account and I have a virtual $100 000 to train with. So, it’s risk-free and I can learn directly on MT5. Because I had the option, I chose to trade with the WebTrader, as it is simpler for me, owning a MacBook. The only thing is, once you`re in the WebTrader, you need to sign up again (name, surname, password etc.).

webtrader

The registration was simple, quick and without any delays. It’s just annoying, that to open a demo account, I need to agree several times.

The Golden Brokers platform

Golden Brokers offer the well-known MetaTrader 5 platform. You can download with android, apple and windows from their website. With MT5 you can trade different currency pairs, stocks, indices, precious metals and commodities on one platform, although the predecessor MT4 was souped-up too. You can also use the WebTrader or mobile app. The platform design is a bit retro I`d say, even the sounds and everything, but is fast, functional and you can work yourself through intuitively.

golden broker platform

Golden Brokers website

The website at a first glance is simple and everything you should know is on the main page. The features of the website are:

  • Home
  • About us
  • Trading
  • News
  • Contact us
  • Education
  • Blog

In the News section, you can go through Market News, Analysis, Weekly review and they also have an economic calendar. The news is up to date, only about a day or two old.

news

The contacts are standard phone, email, address, but I was missing live chat.

The Education section I was interested in the most. Articles nicely describe platforms and trading an instrument, all functioned well. They also have some videos for you to watch. You can also find their blog in the top panel, where there are around 30 articles to go through.

video

Social networks

Golden Brokers are active on:

  • Facebook
  • YouTube
  • Instagram
  • Twitter
  • LinkedIn

I couldn`t find a direct link to social networks. So, I had to log in to my FB account and look for Golden Brokers, which should be updated on their website. They post news and facts, videos a couple of times a month. So, the activity there is fine.

social media

Other accounts like LinkedIn and Instagram are updated the same as FB.

Golden Brokers advantages and disadvantages

They offer 700+ financial instruments on a new platform MT5. You can also use a WebTrader and that`s positive. They are active on their social accounts, but I`m missing some big things here. They don’t have live chat.

Pros:

  • MetaTrader 5 with Android, Windows or Apple.
  • WebTrader
  • Demo account
  • Profound news, analytical and educational sections

Cons:

  • No live chat
  • Name that can confuse with brokers on gold and, thus, difficulties in finding the correct reviews on the internet

RATING 

5 COMMENTS

  1. Is there anyone who has personal experience with this broker?

  2. Metatrader 5 is a great platform. I’m sure you can make a lot of money on CFD, but you just need a little luck.

    • Also possible to lose enough money on CFD. It is important to be careful. It’s definitely not for beginners.

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