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The WikiFX Score of this broker is reduced because of too many complaints!
Goldenway Global
United Kingdom|5-10 years| Regulated in United Kingdom|Suspicious Regulatory License|Suspicious Scope of Business|United Kingdom Straight Through Processing(STP) Unsubscribed|High potential risk|
https://www.gwguk.com/en/index.html
Website
Rating Index
Contact
+ 44 203 4118 398
info@gwguk.com
https://www.gwguk.com/en/index.html
35 New Broad Street, London EC2M 1NH
The WikiFX Score of this broker is reduced because of too many complaints!
Licenses
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
Open Now
Contact number
English
+ 44 203 4118 398
Broker Information
More
Company Name
Goldenway Global Investments (UK) Ltd
Company Abbreviation
Goldenway Global
Platform registered country and region
United Kingdom
Company website
Pyramid scheme complaint
Expose
Check whenever you want
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Warning: Low score, please stay away!
5
Previous Detection :
2024-04-19
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The number of the complaints received by WikiFX have reached 7 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
WikiFX Verification
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Exposure
7 pieces of exposure in total Pyramid scheme complaint
Expose Unable to Withdraw
Unable to Withdraw without margin
20% of the profit should be paid as margin.
2021-01-22 16:04
Unable to Withdraw
Unable to withdraw
Goldenway Global has absconded, thus the withdrawal is unavailable. Whether the fund could be withdrawn remains unknown.
2019-12-18 17:41
Others
Goldenway Global has absconded.
Goldenway Global suddenly withdrew its business from China! Instructors of APP have been disappeared! It claimed that the withdrawal would be available. Let’s wait and see.
2019-12-18 21:16
Others
Price Tampering
The platform maliciously tampered with the price trend in small cycles, maliciously destroyed the customer's stop loss, and then the price returned to normal trend! The price trend in small cycles is inconsistent with the official price trend, but is consistent in large cycles! Change price data on small cycles!
2024-01-10 02:49
Scam
The teacher of the platform gives adverse recommendations
Account: 86082421. The teacher made me lose 200,000 CNY! I ask for compensation! My phone number: 199****1226
2020-11-24 07:47
Scam
The deposit hasn’t been processed to the account.
The software,with complete names including Goldenway Global ,Goldenway Global and Goldenway,doesn’t process clients’ deposit.
2019-11-06 07:10
Goldenway Global · Company Summary
Note: Goldenway Globals official site - https://www.gwguk.com/en/index.html is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
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 & Regulation
| Feature | Detail |
| Registered Country/Region | United Kingdom |
| Regulation | unregulated |
| Market Instrument | forex currency pairs, precious metals, crude oil, and indices |
| Account Type | Standard &VIP |
| Demo Account | N/A |
| Maximum Leverage | 1:500 |
| Spread (EUR/USD) | 1.8 pips |
| Commission (forex) | no |
| Trading Platform | MT4 |
| Minimum Deposit | $200 |
| Deposit & Withdrawal Method | credit/debit cards, wire transfers, e-wallets like Skrill and FasaPay |
Goldenway Global, a trading name of Goldenway Global Investments (UK) Ltd, is a subsidiary of Goldenway Group. It is a highly trusted online trading service provider registered in the United Kingdom, offering investors a range of trading products with leverage up to 1:500 and floating spreads on the MT4 trading platform via two different live account types.
As for regulation, Goldenway Global claims to be regulated by Financial Conduct Authority - FCA but has been cancelled. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.43/10. Please be aware of the risk.
Note: The screenshot date is January 17, 2023. WikiFX gives dynamic scores, which will update in real time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores.
Market Instruments
Goldenway Global provides investors with a range of popular financial trading instruments, mainly forex currency pairs, precious metals, crude oil, and indices.
Account Types
Goldenway Global offers investors two different account types: Standard and VIP Accounts. Standard accounts have a minimum deposit of $200 ($50 for New Zealand residents). VIP accounts have a minimum deposit of $50,000. The base currency of the account is the USD, and if the investor uses other currencies to deposit funds, a certain exchange rate will apply. Additionally, both accounts have a minimum trade size of 1 lot and no micro lots available.
Leverage
The maximum leverage is capped at 1:500. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you. However, according to the regulations, British and Australian brokers have to limit their clients to 1:30, while US brokers cant provide more than 1:50.
Spreads & Commissions
The spreads on the Goldenway Global platform are pretty high, with an average spread of 1.8 pips on EURUSD, and no commission is charged on forex transactions.
Trading Platform
Goldenway Global provides traders with the world's leading and widely acclaimed MT4 trading platform, as well as MT4 Desktop and MT4 Mobile. MT4 is the preferred choice for traders of all experiences, easily meeting the trading needs of all traders and allowing automated trading through EAs. GWMT4 offers 31 charting tools, 9 timelines, and 30 technical indicators.
Deposit & Withdrawal
Goldenway Global clients can withdraw funds via credit/debit cards, wire transfers, and e-wallets like Skrill and FasaPay. Withdrawals usually take 2 business days.
Customer Support
Goldenway Globals customer support can be reached by telephone: + 44 203 4118 398, email: info@gwguk.com. Company address: 35 New Broad Street, London EC2M 1NH.
Pros & Cons
| Pros | Cons |
| • Multiple trading assets and funding options | • No regulation |
| • No commission on forex trading | • Website inaccessible |
| • MT4 supported | • Uncompetitive spreads |
| • High minimum deposit ($200) |
Frequently Asked Questions (FAQs)
| Q 1: | Is Goldenway Global regulated？ |
| A 1: | No. The FCA license that Goldenway Global claims to hold has been cancelled. |
| Q 2: | Does Goldenway Global offer the industry-standard MT4 & MT5？ |
| A 2: | Yes. Goldenway Global supports MT4. |
| Q 3: | What is the minimum deposit for Goldenway Global？ |
| A 3: | The minimum initial deposit at Goldenway Global to open a Standard account is $200 ($50 for New Zealand residents). |
| Q 4: | Does Goldenway Global charge a fee？ |
| A 4: | Like every forex broker, Goldenway Global charges a spread fee, but no commission is charged. |
| Q 5: | Is Goldenway Global a good broker for beginners？ |
| A 5: | No. Goldenway Global is not a good choice for beginners. Not only because of its unregulated condition, but also because of its inaccessible website and high initial deposit. |
User Reviews
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User comment
4
CommentsWrite a review
Stalinium
more than one year
Poor customer support. I’ve sent my documents 2 weeks before for verification, but it is still in process. All right, it is too exhausting! I have to leave it as soon as possible.
2023-03-01 09:53
ken_goh
more than one year
The website of this Goldenway Global company gives very little information and I see that it states that it is going to stop offering the MT4 platform to all clients. I do not understand what has been published, do you not want to continue with the business?
2023-01-30 11:01
意逆志
more than one year
To be honest, I didn't want to think about my bad memories with this broker and how stupid I had been to be induced into investing a lot of money there until I lost all my money. Then I realized the reality. They were scammers!
2022-11-23 12:11
坏脾气
more than one year
My biggest mistake! When I invested with this broker, I have no doubt that I will receive a good return. However, when I made a profit, they denied it and rejected my withdraw request, it hasn’t addressed until today, who can kdly help me?
2022-11-23 10:01 7
