Overview of GOLDAY PRECIOUS METALS
GOLDAY PRECIOUS METALS is a legitimate company specializing in the trading of precious metals, such as gold, silver, platinum, and palladium. Regulated by the Hong Kong Gold & Silver Exchange (CGSE), they operate within established guidelines and standards, ensuring transparency and accountability. The company offers VIP and Standard account options, a professional trading platform (including MT4), and convenient deposit and withdrawal processes. Clients have access to educational resources and market analysis to make informed trading decisions.
Is GOLDAY PRECIOUS METALS legit or a scam？
GOLDAY PRECIOUS METALS is a legitimate company regulated by the Hong Kong Gold & Silver Exchange (CGSE). The CGSE is a prominent precious metals trading platform in Hong Kong, overseen by the Hong Kong Monetary Authority (HKMA) to ensure compliance with financial regulations.
Being registered with the CGSE signifies that GOLDAY PRECIOUS METALS operates within the established guidelines and standards set by the regulatory authority. This regulatory oversight helps to safeguard the interests of investors and ensures transparency and accountability in the company's operations.
However, it is always recommended to exercise due diligence when engaging in any financial transactions or investments. If you have specific concerns or require further information about GOLDAY PRECIOUS METALS, it is advisable to conduct additional research or seek professional advice to ensure the legitimacy and credibility of the company.
Pros and Cons
The company is regulated by the Hong Kong Gold & Silver Exchange (CGSE), which adds credibility and assurance to their operations. This regulatory oversight ensures that the company adheres to established guidelines and standards, providing investors with transparency and accountability. Additionally, GOLDAY PRECIOUS METALS offers a diverse range of precious metals for trading, including gold, silver, platinum, and palladium.Another advantage of GOLDAY PRECIOUS METALS is the availability of VIP and Standard account options, each offering competitive benefits. Traders can choose the account type that suits their preferences and trading requirements. The company also provides a popular trading platform, MT4 (MetaTrader 4), which is widely recognized and trusted by traders worldwide.
However, there are a few drawbacks to consider. GOLDAY PRECIOUS METALS provides limited information on leverage options, which may be important for traders who seek to amplify their potential returns. Additionally, the spread rebate for the Standard Account is slightly lower compared to the VIP Account, which may impact trading costs for some traders. It's also worth noting that the company only accepts deposits in USD, limiting account currency options. Furthermore, deposits from third parties are not accepted, which may inconvenience certain individuals. Finally, it's important to be aware of any complaints or negative feedback from the market, as this can provide insights into potential issues or concerns that others have encountered.
Market Instruments
GOLDAY PRECIOUS METALS provides market instruments such as London Gold and London Silver. London Gold allows for bi-directional operations, enabling investors to buy or sell gold based on market conditions. With 24/7 trading availability, investors have the flexibility to engage in transactions at any time. This market instrument requires a low investment, making it accessible to a wide range of traders. Additionally, London Gold offers the potential for high returns, attracting investors seeking opportunities in the gold market.
Similarly, London Silver, offered by GOLDAY PRECIOUS METALS, also allows for bi-directional operations. Investors can buy or sell silver with ease and take advantage of price movements. The 24/7 trading hours provide convenience and flexibility, enabling investors to react promptly to market changes. With low investment requirements and the potential for high returns, London Silver presents an opportunity for investors looking to diversify their portfolios and participate in the silver market.
Account Types
GOLDAY PRECIOUS METALS offers two types of accounts for trading London Gold (XAU) and London Silver (XAG): VIP Account and Standard Account.
The VIP Account is designed for traders who seek enhanced benefits and privileges. To open a VIP Account, a minimum deposit of $200 is required. Traders with a VIP Account enjoy various advantages, such as a higher spread rebate of $25 per lot for London Gold and $38 per lot for London Silver. This means that for each lot traded, a certain amount is credited back to the trader as a rebate, effectively reducing the trading cost. The VIP Account also offers the same minimum trading volume of 0.05 lots as the Standard Account. Additionally, the overnight interest rates for buying and selling positions are set at 1.75% for both London Gold and London Silver.
On the other hand, the Standard Account is suitable for traders who prefer a more standard trading experience without additional VIP benefits. The opening deposit requirement for a Standard Account is also $200. With a Standard Account, traders receive a slightly lower spread rebate compared to the VIP Account, receiving $15 per lot for London Gold. The spread rebate for London Silver is not specified. The minimum trading volume for the Standard Account is the same as the VIP Account, set at 0.05 lots. Similar to the VIP Account, the overnight interest rates for the Standard Account are also 1.75% for both buying and selling positions.
How to Open an Account？
Opening an account with GOLDAY PRECIOUS METALS can typically be done in the following five steps:
Visit the website: Go to the GOLDAY PRECIOUS METALS website at https://vip.golday047.com/.
Locate the account opening section: Look for a clearly marked section or button on the website that says “Open an Account” or something similar.
Fill out the application form: Provide the required information in the account opening form. This may include personal details such as your full name, contact information, and any other necessary information as specified.
Submit supporting documents: Depending on the platform's requirements, you may need to provide certain documents to verify your identity and address. This could include a copy of your identification documents (e.g., passport, driver's license) and proof of address (e.g., utility bill, bank statement).
Review and finalize: Carefully review all the information you have provided before submitting the application. Ensure accuracy and completeness. Once you are satisfied, submit the application.
Leverage
Leverage refers to the practice of borrowing funds to amplify potential returns. However, as a precious metals trading company, GOLDAY PRECIOUS METALS may or may not offer leveraged trading options. If they do offer leverage, the specific leverage ratios and requirements would be determined by the company and may vary depending on the trading instrument and account type.
Spreads & Commissions
GOLDAY PRECIOUS METALS offers trading on London Gold (XAU) and London Silver (XAG) contracts. Here are the details regarding spreads and commissions:
London Gold:
Contract Unit: 100 troy ounces
Minimum Price Fluctuation: $0.01
Trading Margin: 2% of the contract value
Spread (Point Difference):
Order Size: 0.05 to 20 contracts
Forced Liquidation: 20% during weekdays, 100% during weekends
Overnight Interest Rate:
Commission: No commission charged (0 commission)
London Silver:
Contract Unit: 5000 troy ounces
Minimum Price Fluctuation: $0.01
Trading Margin: 2% of the contract value
Spread (Point Difference): $200 per contract
Order Size: 0.05 to 20 contracts
Forced Liquidation: 20% during weekdays, 100% during weekends
Overnight Interest Rate:
Commission: No commission charged (0 commission)
Trading Platform
The GOLDAY PRECIOUS METALS APP and the MT4 trading platform offered by GOLDAY PRECIOUS METALS provide clients with convenient and feature-rich options for trading precious metals.The GOLDAY PRECIOUS METALS APP is a professional and comprehensive trading software developed by GOLDAY PRECIOUS METALS Limited, based in Hong Kong. This mobile application integrates features such as account opening, trading, deposits and withdrawals, real-time quotes, market updates, expert analysis, and customer service. It allows clients to trade precious metals anytime and anywhere, enabling them to seize the best profit opportunities.
MT4 (MetaTrader 4) is one of the most popular investment and trading platforms worldwide. It combines market analysis, technical charts, and trading operations into a single platform. With MT4, users can perform various operations such as placing orders, closing positions, setting limit orders, stop loss and take profit levels, accessing reports, and analyzing data. Clients can also set stop loss and take profit levels to secure their profits without constantly monitoring the market.
Deposit & Withdrawal
The deposit process involves customers initiating a remittance from their local bank to GOLDAY PRECIOUS METALS's corporate account, providing the necessary details such as their name and account number on the submitted documents, and transmitting them to us via online customer service, email, or fax. For fax submissions, customers are requested to confirm receipt by contacting the Customer Service Department. Once the funds are cleared, they will be immediately reflected in GOLDAY PRECIOUS METALS's transaction system without the issuance of separate account statements. It is important to note that GOLDAY PRECIOUS METALS only accepts deposits in USD, and other currencies will be converted based on the market exchange rate determined by the company. Additionally, deposits from third parties are not accepted. For withdrawals, customers can initiate the process online by entering the withdrawal amount and submitting the request.
Customer Support
GOLDAY PRECIOUS METALS provides comprehensive assistance to their clients. With their office located in Tsim Sha Tsui, Hong Kong, clients can reach out to them via phone at +852-3758 2228 or through fax at +852-3468 7777. For convenience, clients can also send their inquiries and concerns via email to cs@golday9999.com.
In addition to traditional contact methods, GOLDAY PRECIOUS METALS also offers an online customer support option. Clients can visit their website at https://vip.golday047.com, where they may find an online chat feature to engage with a customer support representative in real-time.
Educational Resources
GOLDAY PRECIOUS METALS website's “Market Center” section offers a diverse range of educational resources. These resources include daily market interpretations, weekly Jinsheng comments, and daily firm offer strategies, which provide clients with valuable insights into market trends, analysis, and trading approaches. Additionally, the industry encyclopedia serves as a comprehensive reference guide, offering clients a wealth of knowledge on the precious metals industry, including terminology, market dynamics, and trading strategies. Real-time news updates keep clients informed about the latest developments that may impact the market, while professional reviews and thematic pyrolysis provide expert analysis and in-depth examination of specific topics, enabling clients to gain a deeper understanding of the market.
Conclusion
GOLDAY PRECIOUS METALS is a legitimate company regulated by the Hong Kong Gold & Silver Exchange (CGSE) and offers a platform for trading precious metals. Their diverse range of precious metals allows investors to diversify their portfolios, and they provide competitive benefits through their VIP and Standard account options. The company's popular trading platform, MT4, enables traders to make informed decisions with advanced market analysis tools.
Frequently Asked Questions (FAQs)
Q1: What type of trading does GOLDAY PRECIOUS METALS specialize in？
A1: GOLDAY PRECIOUS METALS specializes in electronic trading of London gold and London silver.
Q2: What are the account options available at GOLDAY PRECIOUS METALS？
A2: GOLDAY PRECIOUS METALS offers VIP and Standard accounts with a minimum deposit of $200.
Q3: Which trading platform does GOLDAY PRECIOUS METALS provide？
A3: GOLDAY PRECIOUS METALS offers the MT4 trading platform for its clients.
落雁沉沙
Hong Kong
It is said that the minimum deposit can be 0.01, which becomes 0.05. Don't covet their $20, it's meaningless.
Exposure
2024-05-09
迷失在黑夜
Hong Kong
The increase in gold and silver of GOLDAY PRECIOUS METALS is inconsistent with the increase in international gold and silver, and the slippage are too serious
Exposure
2022-11-28
迷失在黑夜
Hong Kong
Goldayhk's app seems to be fake. The slippage is severe. The rising percentage of gold and sliver is not the same as the international market.
Exposure
2022-09-07
天下源
Hong Kong
Jinsheng has a serious slippage. Suggest to think more about customers' interest and achieve win-win situation.
Exposure
2022-06-03
迷失在黑夜
Hong Kong
I opened an account 86817212 in Golday in November. Because I don’t know much about precious metal trading, I opened a position and made orders under the guidance of a live broadcast teacher in the app of Golday. I found that the recommendations of these teachers in the app are very unreliable within two weeks of copying the orders. They let you open a position at a high level, and I lost $2,300 in less than a month
Exposure
2022-01-19
迷失在黑夜
Hong Kong
I opened an account 86817212 in Golday in November. Because I don’t know much about precious metal trading, I opened a position and made orders under the guidance of a live broadcast teacher in the app of Golday. I found that the recommendations of these teachers in the app are very unreliable within two weeks of copying the orders. They let you open a position at a high level, and I lost $2,300 in less than a month
Exposure
2022-01-19
迷失在黑夜
Hong Kong
I opened an account 86817212 in JGolday Company in November. Because I don't know much about trading, I opened a position and made an order under the guidance of a live broadcast teacher in the app of Golday Company within 2 weeks of copying the order. The recommendations of these teachers in the app are very unreliable. They let you open a position at a high level. In less than a month, 2,300 US dollars was lost. Returned my hard-earned money for 3 months of hard work.
Exposure
2022-01-17
迷失在黑夜
Hong Kong
I opened an account in Golday Co. Ltd. with account number 86817212 in November under the recommendation of a QQ friend. In an app of Golday. Ltd., there are live teachers recommending orders. I found these teachers in the app is randomly recommending within a month of copying orders. After a loss, they continue to ask you deposit the margin, and after the position is liquidated, it induces customers to continue to deposit. It is said that the international market is not good and changes too fast so it has nothing to do with his recommendation. I didn’t know much about gold and silver trading at the beginning so I trust the teachers in the app, and I lost more than 2,000 USD in less than 2 weeks after the teacher's recommendation. In order to earn the difference, Golday Company made these teachers randomly recommend in the app and let customers open orders and take positions and earn the spread
Exposure
2022-01-16
迷失在黑夜
Hong Kong
In November, due to a telemarketing call, I downloaded Golday to open an account 86817212 to make orders with the live teachers in the app. In the month of the copying, I found that these teachers in the Golday app randomly recommended them to make orders in less than 2 weeks. The deposit of more than 2,000 US dollars was lost very soon. In order to earn the handling fee, Jinsheng Company asked these teachers to randomly recommend in the app to let customers open orders and make positions at high frequency to earn high spreads, and the transaction points were serious.
Exposure
2022-01-10
迷失在黑夜
Hong Kong
In November, due to a telephone marketing, I downloaded Golday app to open an account to copy orders with the live teachers in the app. In the month of the copying orders, I found that these teachers randomly pushed orders in Golday app, making you open short, wait a few minutes, and then let you close the position and buy it back and forth. In about 2 weeks, the recharged more than 2,000 US dollars was lost. In order to earn handling fees, Jinsheng Company asked these teachers to randomly recommend customers to open orders and make positions at high frequency to earn high spreads in the app.
Exposure
2022-01-10
迷失在黑夜
Hong Kong
In November, under a telemarketing call, I downloaded Golday to open an account 86817212 to make orders with the live teachers in the app. In the month of the copying orders, I found that these teachers in Golday APP randomly pushed orders to make you open and wait for a few minutes. It took about 2 weeks to make the deposit of more than 2,000 US dollars to be lost. In order to earn handling fees, Jinsheng Company made these teachers randomly recommend in the app to allow customers to open high-frequency orders and positions to earn money to earn high spread
Exposure
2022-01-10
迷失在黑夜
Hong Kong
The live broadcast teacher in the Golday app induced customers to open positions at a high. In less than a month, they lost 3,000 US dollars and asked for a refund. The live broadcast teacher randomly recommended
Exposure
2022-01-07
迷失在黑夜
Hong Kong
Several live teachers in the app under Golday recommended to make positions. I lost 3,000 US dollars in less than a month. These teachers randomly recommended buying up and buying down. After a few transactions, the money will be all lost. Golday trading account 86817212
Exposure
2022-01-06
迷失在黑夜
Hong Kong
I placed order by the inducement and recommendation from several live teacher of Golday's App and I lost 3000 dollars within a month. The Golday's transaction has a severe slippage and does not match the trend with international gold and silve. The Golday cannot provide the inquiry code from The Chinese Gold and Silver Exchange Society
Exposure
2022-01-06
夏天94659
Hong Kong
I lost $100,000 on golday9999.com/golday.com/golday.hk in 10 years. Please be careful about this platform. Because golday9999.com blocked my account, I could only enter the chat room and recharge.
Exposure
2021-07-19
FX4270333511
Canada
I got scammed by Golday9999 site, I recharged an initial $5,200 which yielded profits of about $11,000 over the months. The person that introduced me to the site did not elaborate well. Now I cannot withdraw my funds from the system. Golday9999 required me to deposit $5,000 to withdraw my funds. Other exposures shows Assetspoor. Tech had a solution. Lets keep exposing Golday9999 for awareness. I personally will proceed with the above solution.
Exposure
2021-04-07
FX3876302499
Australia
I invested money. Now I can't get it out. I have 38,000 USDT in my account When I gained and tried to withdraw 9,000 they told me that my account is frozen due to "malicious acts" The only way to unfreeze it is to replenish another 20% of my current balance which is horrendous and obviously a scammer move.Deal carefully with golday9999
Exposure
2021-04-07
FX2681488600
United States
They are intentionally manipulative to increase the percentage of the money they claim is yours and try to make you deposit more in the process. Also for some reason they never actually give you access to any of your funds
Exposure
2021-04-05
Bảo Mon
Vietnam
I've deposited so much money here. They asked for more money when I wanna withdraw funds.
Exposure
2021-04-04
FX2681488600
United States
i've deposited a lot to this platform already then they wanted me to pay before i could withdraw so i did, after which i requested to withdraw again and this time they said my information was incorrect and my account blocked till i can pay an unblocking fee but it all started to sound wrong
Exposure
2021-04-03
FX3847170802
Hong Kong
I've deposited $20,200 on golday9999 last year and traded for three months. After I profited, I applied for withdrawal of $3,000. But my application wasn't processed for days. I pumped them for details and they just sent me a notice and told me that I traded abnormally, asking me to withdraw my principal with 6% handling fees. I don't understand where I traded normally. I expose here and want golday9999 to compensate me $13,000.
Exposure
2021-04-01
FX1074901155
Hong Kong
golday9999 asked me to offer the video about I logged in to the platform and and a selfie with my ID card after I applied for withdrawal of $10,683.4 on May 19, 2020. After that, they processed my application for several days. And then they told me I could withdraw funds. I applied again. But after that, they said I traded abnormally and I would be deducted of profits and 6% of my principal without telling me where I traded abnormally. Please return my capitak and my profit of $11,283.4
Exposure
2021-04-01