Abstract:GoldenFX is a Cambodian derivatives service provider, providing investors with diversified investment options including a wide range of spot and electronically traded derivatives, precious metals, and foreign exchange investments. GoldenFX currently holds a general financial license from the Securities and Exchange Commission of Cambodia SECC.
General Information & Regulation
GoldenFX is a Cambodian derivatives service provider, providing investors with diversified investment options including a wide range of spot and electronically traded derivatives, precious metals, and foreign exchange investments. GoldenFX currently holds a general financial license from the Securities and Exchange Commission of Cambodia SECC, with regulatory license number not fully disclosed.
Market Instruments
GoldenFX offers investors a limited range of financial products, only Forex currency pairs, precious metals, and crude oil.
Minimum Deposit
Golden FX requires traders to fund at least $250 to start trading, which sounds slightly higher than sector standards. Many other brokers even requires no initial deposit.
Spreads & Commissions
Golden FX claims that it provides competitive spreads for its traders. However, there displays no spread related details, leaving transaction costs opaque. Additionally, trading commissions for Gold, RMB Kilobars, Silver, Forex currency pairs, and Crude Oil are $50 per lot.
GoldenFX Leverage
With regard to trading leverage, the maximum trading leverage available on the Golden FX platform is up to 1:100, which sounds enough even for those more aggressive trading strategy.
Trading Platforms
GoldenFX offers traders the most popular MT4 trading platform on the market today (desktop and mobile versions). MT4 is chosen by 80% of traders worldwide and has powerful charting tools, a large number of custom technical indicators, supporting automated trading via EAs, enabling traders to create their own trading strategies, and helping traders to gain an advantageous position in the financial markets.
Deposit & Withdrawal
GoldenFX supports traders to make bank transfers or cash deposits to GoldenFX bank accounts (bank account numbers and addresses are shown on the official website). There are two types of withdrawals: Client Withdrawal Request Form and Client Center. All withdrawal requests received before 12:00 noon local time in Cambodia will be processed on the same day, and those received after 12:00 will be processed on the next business day.
GoldenFX Cons
GoldenFX Drawbacks Include:
1. Over-limit operations
2. Limited tradable assets
3. High transaction fees
4. Limited deposit and withdrawal options.