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GOLD REPUBLIC

Germany|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://www.goldrepublic.de

Website

Rating Index

Contact

+31 20 794 60 21
kundenservice@goldrepublic.com
https://www.goldrepublic.de

Licenses

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

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

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Warning: Low score, please stay away!
Previous Detection : 2024-03-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

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GOLD REPUBLIC · Company Summary

Gold Republic Review Summary
Registered Country/Region Netherlands
Regulation No Regulation
Market Instruments Precious Metals - Gold, Silver, Platinum
Demo Account N/A
Leverage N/A
Spread N/A
Commission 1% for Buy and Sell, 0.5% for Savings, and Some Other Fees
Trading Platform N/A
Minimum Deposit €50
Customer Support Contact Form, Tel: +31 (0) 20 794 6021, Email: support@goldrepublic.com, Social Media: X, Facebook, Youtube, Instagram
Company Address Herengracht 450, 1017 CA, Amsterdam, The Netherlands

What Is Gold Republic?

Gold Republic is a broker based in the Netherlands. Established without regulatory oversight, the broker operates with a focus on the sector of precious metals. The absence of regulation means that the broker is not subject to compliance standards or investor protection measures typically enforced by regulatory agencies.

Gold Republic's homepage

Pros & Cons

Pros Cons
  • Low Minimum Deposit
  • No Regulation
  • Commission Charged
  • Only One Type of Market Instruments Provided

Pros:

  • Low Minimum Deposit: Gold Republic offers a low minimum deposit requirement of €50, making it accessible to a wide range of investors who may not have substantial capital to start with.

Cons:

  • No Regulation: Gold Republic operates without regulatory oversight, which raises concerns about investor protection and adherence to industry standards.

  • Commission Charged: Gold Republic charges a commission of 1% for both buy and sell transactions, along with a 0.5% commission for savings transactions. Investors should take these commissions into consideration when trading with Gold Republic, since it will increase the trading cost.

  • Only One Type of Market Instruments Provided: Gold Republic focuses solely on precious metals such as gold, silver, and platinum. While this specialization may appeal to investors interested specifically in precious metals, it limits diversification opportunities for those seeking a broader range of investment options.

Is Gold Republic Safe or Scam?

  • Regulatory Sight: Gold Republic is currently functioning without any regulation, meaning it does not fall under the supervision of any financial regulatory bodies and does not possess any licenses to operate in the financial market. The absence of any such oversight raises concerns about the firms adherence to financial standards and regulations, increasing the risk for investors.

No license
  • User Feedback: Users should check the reviews and feedback from other clients to gain a more comprehensive sight of the broker, or look for reviews on reputable websites and forums.

  • Security Measures: So far we haven't found any information about the security measures for this broker.

Market Instruments

Gold Republic specializes in providing market instruments primarily focused on precious metals, including gold, silver, and platinum. These precious metals serve as tangible assets that investors can trade or hold for various purposes, such as wealth preservation, portfolio diversification, and hedging against economic uncertainties. By offering access to these precious metals, Gold Republic allows investors to participate in the physical bullion market, enabling them to buy, sell, or store precious metals securely.

Market Instruments

Fees

Gold Republic charges commissions and some other fees based on the location and the precious metal being traded. The fees are detailed in the table below:

Bullion Gold Silver Platinum
Vault Location Switzerland, Netherlands, Germany Netherlands Switzerland, Germany Switzerland
Buy 1%
Sell
Savings 0.5%
Storage Fees 0.5% 1%
Handling Costs - - $12/kg
Value Added Tax 0% 21% 0%

Additionally, the savings transaction fee is only applicable to savings buy orders. The displayed costs are per year and exclude V.A.T. These fees cover the costs associated with facilitating transactions and allow investors to engage in precious metal trading with a certain level of transparency regarding associated fees.

Fees

Customer Support

Gold Republic offers multiple customer support through various channels to assist users with their inquiries and needs. Clients can reach out to the support team via a contact form available on the website for submitting specific queries or requests. Additionally, direct assistance is available via telephone at +31 (0) 20 794 6021, providing users with the option for real-time communication and immediate assistance. For general inquiries or assistance, users can contact the support team via email at support@goldrepublic.com. Furthermore, Gold Republic maintains an active presence on social media platforms such as Facebook, YouTube, and Instagram, allowing users to connect, ask questions, and receive updates on the latest news and developments. The company's physical address, located at Herengracht 450, 1017 CA, Amsterdam, The Netherlands, provides users with the option for in-person support or consultations if needed.

contact details

Conclusion

Gold Republic provides accessible entry to precious metal trading with a low minimum deposit, but its lack of regulation raises concerns about investor protection. While focusing solely on precious metals may appeal to some investors, others seeking a diversified portfolio might find the limited market instruments restrictive.

Frequently Asked Questions (FAQs)

Q: What is the minimum deposit required to start trading with Gold Republic?

A: The minimum deposit required by Gold Republic is €50.

Q: Does Gold Republic charge any commissions for trading precious metals?

A: Yes, Gold Republic charges commissions of 1% for buy and sell transactions, along with a separate commission of 0.5% for savings transactions.

Q: Are there any additional fees associated with trading on Gold Republic?

A: In addition to commissions, Gold Republic charges storage fees of 0.5% and 1% for silver and platinum trading respectively. These fees are detailed on their website and may vary depending on the location and the precious metal being traded.

Q: Is Gold Republic regulated?

A: No, it is not regulated.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

Broker Information

Company Name

GOLD REPUBLIC

Company Abbreviation

GOLD REPUBLIC

Regulatory Status

No Regulation

Platform registered country and region

Germany

Company website
Phone of the company
  • +31 20 794 60 21

Twitter

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Facebook

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Instagram

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YouTube

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Company address

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Linkedin

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WhatsApp

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QQ

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WeChat

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Customer Service Email Address
  • kundenservice@goldrepublic.com

Company Summary

User Reviews

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3

Comments

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EÐÐÏэ.
more than one year
They've been a solid source of info for me, particularly on investing in gold and silver. Haven't moved to the trading stage on their platform just yet, but I've got my eyes on 'em- sorta like sizing up the dive before taking the plunge.
2024-02-06 18:27
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星流
more than one year
Before, I sent an email to their customer service to ask some questions that were not explained on the website, and it took three days for the customer service to reply to me. I didn't ask this on the weekend! This speed leaves me speechless.
2023-02-17 16:00
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FX1098474438
more than one year
This company GOLD REPUBLIC seems to specialize in trading precious metals, but wikifx shows that it does not have a regulatory license... I decided not to trade with it rashly. After all, if my money was scammed, it might take a lot of effort to get it back...
2022-12-05 16:27
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