Golden Brokers

Services

Golden Brokers offers trading of forex, shares, commodities and indices. The main advantage of this broker is a broad offer range of possible leverage trading. Maximum legal leverage for forex is 1:500 with this broker. Be careful. Trading with a 1:500 might lead to great profits but it naturally comes with a considerable risk.

There is no universal spread and each instrument has its own. Minimum deposit is 500 USD which is on the lower end of the scale. There is also a fee for overnight trading.

Trading information

There is a choice between web based and app based (phones and desktops) client. In both cases, trading is done via standard MetaTrader 5. Both of the versions use simple, yet fairly efficient design. Golden Brokers offer a demo account that is ideal for new traders. To create a demo account, you need to enter your name, surname, email and telephone number (there is no validation for any of it). Afterwards, you almost immediately get an email with your login data and a link to download the desktop application should you want to use it.

MetaTrader 5 is rather formal, but efficient. There is a possibility to allow one click trading, which allows for a very fast placing of orders, just be careful you decide to enable it. Few unintentional clicks could lead to mishap. In this case you simply specify the amount and click on buy or sell respectively. The other alternative is to click on the new order button to call up a window with more customization options. These include selecting between the type of the trade (Pending Order or Market Execution) and the customization of the order itself such as volume, stop loss etc.

There is a limited amount of information available such as charts over time and trading sentiment, but there are impressive customization possibilities with various charts, lines and grids. Features like this are present all over the platform and they help traders a lot.

Summary

This website is a good choice for informed and capable traders. The broad range of possible leverage trading is certainly an advantage. But caution with high leverage trading must be exercised.

Golden Brokers is based in Vanuatu, which means that they fall under less restrictive regulatory framework than most companies based in member states of the EU, or in US. Once again, this broker offers trading with low to high risks that have potential for a very high reward. This broker can be contacted via help service, email or phone.

Overall assessment: 1-