General Information & Regulation
Golden Brokers, a trading name of Golden Brokers Ltd, presents itself as a forex and CFD broker authorized and regulated by the Labuan Financial Services Authority (“LFSA”) with license number MB/19/0030 and registered in Malaysia that provides its clients with the industry-standard MetaTrader5 trading platform, leverage up to 1:100, floating spreads and 0% commission on over 700 tradable financial instruments, as well as 24/7 customer support service.
Market Instruments
Golden Brokers advertises that it is a multi-asset platform with access to more than 700 trading instruments in financial markets, including 60+ forex currency pairs and CFDs on shares, indices and commodities, metals and energies.
Account Types
Golden Brokers claims to offer traders free demo accounts with $5,000 demo capital. However, other detailed information about the live account types and the minimum initial deposit requirement is not specified.
Leverage
The maximum leverage ratio provided by Golden Brokers is as high as 1:100. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.
Spreads & Commissions
As tested on the MT5 demo account of Golden Brokers, the spread for the EUR/USD was floating around 3 pips. As for commissions, the broker claims to charge 0% commission.
Trading Platform Available
When it comes to trading platforms available, Golden Brokers gives traders the worlds most trusted and popular Metatrader5 trading platform, available on desktop, the Web, as well as mobile devices such as smartphones and tablets. MT5 is known as one of the most successful, efficient, and competent forex trading software, providing advanced technical analysis tools, automated trading functions (EA) and mobile applications, as well as a user-friendly interface, allowing traders to view their orders, transactions, account details, and keep abreast of the latest market conditions.
Deposit & Withdrawal
Golden Brokers says to work with a wide variety of deposit options, including bank wire transfers and credit cards like VISA and MasterCard.
Fees
Golden Brokers also takes an inactivity fee. If your trading account does not have active transactions within a year, it will charge an inactivity fee of $100. It also may charge some other fees, but no specific information is involved.
Customer Support
Golden Brokers‘ customer support can be reached by telephone: +601548770962, email: support@goldenbrokers.my or get a callback online. Besides, you can also follow this broker on some social media platforms like Twitter, Instagram and Facebook. However, this broker doesn’t disclose other more direct contact information like the company address that most brokers offer.
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