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The WikiFX Score of this broker is reduced because of too many complaints!


Hong Kong|5-10 years|
Regulated in Hong Kong|Type AA License|MT4/5 White Label|Chinese market only|High potential risk|


Rating Index

MT4/5 Identification


White Label


Hong Kong



Influence index NO.1

China 7.46
The WikiFX Score of this broker is reduced because of too many complaints!

MT4/5 Identification

MT4/5 Identification

White Label

Server Name
Acetop-Demo MT4
Server Location Hong Kong




Influence index NO.1

China 7.46

Surpassed 95.00% brokers

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+852 2276 8888
19/F, The Toy House, 100 Canton Road, TST, Kowloon, Hong Kong


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

Single Core



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Contact number


+852 2276 8888

Traditional Chinese(HK)

(852) 2276 8888

Broker Information


Company Name


Company Abbreviation


Platform registered country and region

Hong Kong

Company website

Pyramid scheme complaint


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WikiFX Risk Alerts
Previous Detection : 2023-12-05
  • The number of the complaints received by WikiFX have reached 25 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

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    igold · Company Summary

    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 contained in this article is for general information purposes only.

    General Information

    igold Review Summary in 10 Points
    Founded N/A
    Registered Country/Region Hong Kong
    Regulation CGSE
    Market Instruments 99 Gold, HKD Kilo Gold, Loco London Gold/Silver and RMB Kilobar Gold
    Demo Account Available
    Leverage 1:200
    EUR/USD Spread $0.5/ounce for Loco London Gold, $0.03/ounce for Loco London Silver
    Trading Platforms MT4
    Minimum deposit $50
    Customer Support Phone, email

    What is igold?

    igold is headquartered in Hong Kong and is a regulated e-trading member of the Chinese Gold and Silver Exchange (CGSEC, No.145), holding the highest-grade type AA Marketing Trading License and Certificate of Accredited Refineries for 999.9 Gold. The broker can legally operate electronic trading of 99 Gold, HKD Kilo Gold, Loco London Gold/Silver and RMB Kilobar Gold, and offers trading through the MetaTrader 4 platform.

    In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

    igold's home page

    Pros & Cons

    igold has some advantages such as being regulated by CGSE, offering the popular MT4 platform, low spreads, and commission-free precious metals trading.

    However, there are some concerns about the broker's reputation due to negative client reviews regarding severe slippage and withdrawal issues. It is important for traders to carefully consider these factors before choosing to trade with igold.

    Pros Cons
    • Regulated by CGSE • Severe slippage and withdrawal issues reported
    • Supports MT4 • Limited trading instruments compared to others
    • Demo accounts available • Limited deposit and withdrawal options
    • Free account opening • Lack of transparency in fee structure
    • High leverage of 1:200 • Overnight fees charged
    • Low spreads for precious metals trading
    • Commission-free trading
    • Low minimum deposit requirement of $50

    Note: This table is based on the information provided and may not include all possible pros and cons of igold.

    igold Alternative Brokers

      There are many alternative brokers to igold depending on the specific needs and preferences of the trader. Some popular options include:

      • JustForex - a popular online forex and CFD broker that offers a wide range of trading instruments, including forex, cryptocurrencies, and metals, with competitive spreads and commissions, but its customer service can be inconsistent.

      • LiteForex - a global forex and CFD broker that provides access to various trading instruments, including forex, metals, and cryptocurrencies, with competitive spreads and a user-friendly trading platform.

      • NordFX - a forex and CFD broker that offers access to a wide range of trading instruments, including forex, metals, and cryptocurrencies, with competitive spreads and commissions, but its customer service can be slow and unresponsive at times.

    Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.

    Is igold Safe or Scam?

    The Chinese Gold & Silver Exchange Society (CGSE) is a recognized and reputable regulatory authority in the precious metals industry, which adds a level of credibility to igold's operations. Additionally, the broker has been in operation for several years.

    However, negative client reviews regarding severe slippage and withdrawal issues suggest that there may be some concerns with the broker's services. It is important to thoroughly research and consider all available information before deciding to trade with any broker, including igold.

    Market Instruments

    igolds business scope ranges from e-trading of Loco London Gold/Silver to transaction and minting of 99 Gold, HKD Kilo Gold and Renminbi Kilobar Gold.


    igold offers two different types of trading accounts for investors: General Investor Accounts and Advanced Investor Accounts. The minimum amount for deposit to start trading is $50, whileno maximum amount limitation.

    igold also offers a free $200,000 demo account. Using a free demo account is a great way to practice online trading at live market conditions, without risking any money.

    Margin & Leverage

    The initial margin is fixed for each lot LLG/LLS is $1000. The leverage is 1:50 for both Loco London Gold and Loco London Silver in the General Investor accounts, 1:200 for 0-100 lots of Loco London Gold, 1:100 for 100-200 lots, 1:50 for over 200 more lots in the Premium Investor Accounts. The leverage for Loco London Silver is 1:120 for trading 0-20 lots, 1:60 for trading 20.01 to 40 lots, and 1:30 for trading over 40 lots.

    Spreads & Commissions

    Standard spread for Loco London Gold is $0.5/ounce while it is $0.03/ounce for Loco London Silver. The spread is variable and may vary due to drastic fluctuations in the market. Clients could trade with a minimum contract size of 0.01 lot and the spread rebate is up to $26 per lot. There is no commission charged.

    Below is a comparison table about spreads and commissions charged by different brokers:

    Broker EUR/USD Spread Commission
    igold $0.5/ounce (Loco London Gold) $0
    JustForex 0.0-1.1 pips $5 per lot
    LiteForex 1.1 pips N/A
    NordFX 0.0-2.0 pips $10 per lot for Fix account, $20 per lot for Pro account

    Note: Spreads can vary depending on market conditions and volatility.

    Trading Platforms

    igold provides traders with the market-leading and popular MT4 trading platform, as well as MT4 Mobile to meet a wide range of trading needs.

    MT4 is widely used by traders around the world. The MT4 platform provides a user-friendly interface and advanced charting tools for technical analysis. Traders can customize their charts and use various technical indicators and drawing tools to analyze price movements and identify trading opportunities. In addition, MT4 allows traders to automate their trading strategies using Expert Advisors (EAs), which are essentially algorithms that can enter and exit trades based on pre-defined rules.


    The MT4 mobile app also allows traders to access their accounts and trade on the go, providing a convenient option for those who need to manage their trades while away from their computer.

    MT4 Mobile

    See the trading platform comparison table below:

    Broker Trading Platform
    igold MT4 and MT4 Mobile
    JustForex MetaTrader 4, MetaTrader 5, WebTrader
    LiteForex MetaTrader 4, MetaTrader 5, WebTrader
    NordFX MetaTrader 4, MetaTrader 5, MetaTrader Mobile

    Trading Hours

      The LLG/LLS Can be traded 24 hours a day on the international market and the market will only be closed during weekends and international holidays. The trading time in this company is:

      • Daylight Saving Time (GMT +8): 6:30 am Monday to Saturday 3.30 am

      • Winter Time (GMT +8) : 6:30 am Monday to Saturday 4:00 am

    Deposits & Withdrawals

    There is very little information on deposits and withdrawals on igolds website. It seems that it only supports Wire transfer.

    The minimum amount for deposit to start trading is $50. The minimum trading volume for each order is 0.05 lot. Therefore, the minimum amount for deposit for the trading is $50 (0.05 X $1000). It is suitable for common investors.

    Igold minimum deposit vs other brokers

    igold Most other
    Minimum Deposit $50 $100

    Deposits by wire transfer can take several business days, depending on your bank. Withdrawal requests will be processed in the next working day. When the fund is credited to your bank account depends on the bank processing.


    Apart from spreads, igold charges an overnight interest fee. Fees for deposits and withdrawals are not revealed openly on the website. Once a position (bid or ask) is opened and held overnight (03:29 a.m. GMT+8), an overnight interest will be charged. The overnight interest rate of a buy position (Long) is -1.75% while the overnight interest rate of a sell position (Short) is -0.15%.

    See the fee comparison table below:

    Broker Deposit Fee Withdrawal Fee
    igold N/A N/A
    JustForex None None
    LiteForex None None
    NordFX None None

    Customer Service

      If clients have any inquiries, they can get in touch with igold through the following contact channels:

      • Telephone: (852)2276 8862 (English), (852) 2276 8888 (HK);

      • Email:

    FAQ section is also available.

    Pros Cons
    • Phone & email support available • No 24/7 customer support
    • Knowledgeable and helpful customer support • Limited language options for customer support
    • FAQ support • No live chat support
    • No social media support available
    • Long response times during peak periods

    Note: These pros and cons are subjective and may vary depending on the individual's experience with igold's customer service.

    User Exposure on WikiFX

    On our website, you can see that some users have reported severe slippage and unable to withdraw. Please be aware and exercise caution when investing. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

    User Exposure on WikiFX


    On the whole, igold is a regulated precious metals broker that offers a low minimum deposit requirement, tight spreads, and commission-free trading. The availability of the popular trading platform MT4, and a high leverage of 1:200 may also be attractive to some traders.

    However, there are concerns raised by some clients about severe slippage and withdrawal issues, which could be a cause for caution. Overall, traders should carefully consider these factors and conduct their due diligence before deciding to trade with igold.

    Frequently Asked Questions (FAQs)

    Q 1: Is igold regulated?
    A 1: Yes. It is regulated by The Chinese Gold & Silver Exchange Society (CGSE).
    Q 2: Does igold offer demo accounts?
    A 2: Yes. It offers a free $200,000 demo account.
    Q 3: How much is the initial margin requirement for trading LLG/LLS?
    A 3: The initial margin requirement for trading LLG/LLS is $1,000.
    Q 4: Does igold offer the industry-standard MT4 & MT5?
    A 4: Yes. It supports MT4.
    Q 5: What is the minimum deposit for igold?
    A 5: The minimum amount to trade with igold is $50.
    Q 6: How much is the overnight interest rate?
    A 6: The overnight interest rate of a buy position (Long) is -1.75% while the overnight interest rate of a sell position (short) is -0.15%.
    Q 7: Is igold a good broker for beginners?
    A 7: Yes. It is a good choice for beginners because it is regulated well and offers precious metals with competitive trading conditions on the leading MT4 platform. Also, it offers demo accounts that allow traders to practice trading without risking any real money.

    User Reviews

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    Mr. Rabbit8824
    more than one year
    I have traded gold several times on the Lingfeng precious metals platform, and I feel that this platform is very formal, and the gold withdrawal is also very timely. Their customer service staff is professional and patient, worthy of five-star praise. It should be noted that the cost of holding a position overnight will be slightly higher than that of other platforms.
    2022-12-13 17:26
    more than one year
    At first, I felt that there might be some trading opportunities in the gold market, so I went to a company that specializes in trading precious metals! I think it could be better than trading precious metals on forex trading platforms. Too bad I didn't do a good research and they tricked me, now all my money is frozen in the account...
    2022-11-24 18:31
    more than one year
    Let me share my terrible trading experience on this broker, about five weeks ago, I traded LLG on this platform, high trading fees plus overnight fees, the worst thing is that I met high slippage on my gold trading. You guess what? I lost $200 on this platform. I swear I would never trade with this broker any more.
    2022-11-21 18:54
    more than one year
    It doesn't get worse than that! Trading environment is far less than advertised! Slippage is too serious! Withdrawal is too slow! Too tiring to trade with a scammer...I don’t wanna see them again!
    2022-11-21 18:52
    more than one year
    2022-09-30 03:35
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