GoldenFex Review

 

General Information

Broker Name: GoldenFex

Broker Type: Forex

Country: St.Vincent and the Grenadines

Operating since year: 2020

Regulation: N/A

Address:  Suite 305, Griffith Corporate Center P.O. Box 1510,
Beachmont Kingstown St.Vincent and the Grenadines

Broker status: Active

 

Customer Service

Phone: ‍+44 1182040036

Email: [email protected]

Languages: English

Availability: 24/5

Trading

The Trading platforms: MT4

Trading platform Time zone: EET

Demo account: /

Mobile trading: Yes

Web-based trading: Yes

Bonuses: /

Other trading instruments: Yes

Account

Minimum deposit ($): 250

Maximal leverage:

Spread: From 0.1

Scalping allowed: Yes

 

REVIEW CONTENT

  1. GENERAL INFORMATION
  2. FUNDS TRADING AND SECURITY
  3. THE TRADING ACCOUNTS
  4. TRADING CONDITIONS
  5. TRADING PLATFORM
  6. GOLDENFEX’S TRADING PRODUCTS
  7. CUSTOMER SERVICE
  8. CONCLUSION

 

Broker Review: GoldenFex

General Information

GoldenFex is a new broker that’s aiming to make waves in the forex and CFD brokerage market. It promises a top-notch service and stands out with great variety and cost-quality ratio. The firm operates from Saint Vincent and the Grenadines. Its exact address is Suite 305, Griffith Corporate Center P.O. Box 1510, Beachmont, Kingstown. Our GoldenFex review will help you decide whether it’s the brokerage you’ve been looking for.

GoldenFex

We immediately noticed how well-suited GoldenFex was for attracting new customers. It lays out its website nicely, maximizing the information you get while minimizing the time necessary to obtain it. As such, the process of inspecting the broker is quicker than with most other firms.

Furthermore, its registration process is quick and straightforward. One notable thing is that GoldenFex tells you what you’ll need to submit before you even start registering. Because of that, if you see something you’re uncomfortable with, you can back away instantly. However, it also helps in preparing the necessary documentation.

Even for brand-new traders or those that have yet to attempt trading, the broker has an excellent setup. Namely, its educational materials help you every step of the way, smoothing out the learning experience. As such, no matter your skill level, the broker is well-prepared for you. Here are some of the top qualities we noticed about GoldenFex:

Variety

GoldenFex largely lets traders use what they prefer. That starts out from the funding, with over ten options to withdraw or deposit money. Then it moves on to accounts where the five types provide significant variety depending on investments. Finally, its 360+ assets make it so traders can both enjoy standard instruments and even experiment a bit. As such, traders will get a customizable experience where they can decide what’s best for them.

Low Cost with GoldenFex

An essential aspect of any brokerage is the cost of the service it provides users with. Namely, a lot of brokerages incorporate high fees that make it nigh-impossible to maintain a long-term profit. GoldenFex is the opposite, with a spread-based earning structure that minimizes user costs. For a significant majority of traders, spreads are the preferred way of charging, as it costs way less. GoldenFex’s tight spreads emphasize the low costs, as they start from as low as 0.1.

GoldenFex

Funds Trading and Security

Besides its excellent trading, GoldenFex takes pride in ensuring that customer funds were safe at all times. That starts with the broker exclusively cooperating with regulated banks. That translates to maximum user fund safety, as diverting that money elsewhere is a tall task. Furthermore, it makes sure customer identities are safe by vowing not to share any personal data with third parties. That’s more important than you might think, as many brokers have started selling data to advertisers for some extra income.

The broker also does an excellent job at protecting itself from outside threats. Its top-grade SSL encryption ensures that no hacker could intercept your data and mess with your account. The broker hasn’t had any cyberattacks happen to it, proving the effectiveness of its methods. It also provides users with account protection, such as 2FA, providing an extra layer of security. The only way someone can get a hold of your account is if you fall for a scam, but that’s out of the broker’s hands.

Another thing that makes us confident of the broker’s security is the positive impression users have. They seem quite content with the broker, both on the service and safety levels. Customer impressions and reputation are often the most precise indicators of a broker’s validity. GoldenFex excels in both regards, making us content with calling it a safe broker.

The Trading Accounts

Earlier in our GoldenFex review, we mentioned that their accounts were quite affordable. That starts with the mini account that requires the usual $250 investment and continues through the higher tiers. Namely, the broker follows a deposit-based account structure, meaning the accounts are basically free. You can trade with all the money you invest, and there are no maintenance costs. As such, there’s no wrong account for you to choose, and picking comes down to what you’re comfortable with.

Even the cheapest version provides users with a potent set of trading conditions. However, another notable thing is that luxury accounts require low investments compared to other brokers. As such, GoldenFex might be the premier opportunity to invest a bit more for a premium account.

Here are some of the GoldenFex account specifications to help you choose the right version for you:

GoldenFex

Mini

  • €250 – €3,000
  • Welcome Bonus: Up to 50%
  • Analytical Materials
  • Educational Materials
  • Introduction to the Platform

Silver

  • €3,001 – €10,000
  • Welcome Bonus: Up to 100%
  • Analytical Materials
  • Educational Materials
  • Introduction to the Platform
  • Personal Financial Analyst

Gold

  • €10,001 – €50,000
  • Accelerated Withdrawal
  • Welcome Bonus: Up to 120%
  • Analytical Materials
  • Educational Materials
  • Introduction to the Platform
  • Personal Financial Analyst
  • Review with financial analyst: Once a Week, 30 min

platinum VIP

Platinum

  • €50,001 – €100,000
  • Highest Priority Withdrawal
  • Welcome Bonus: Up to 120%
  • Analytical Materials
  • Educational Materials
  • Introduction to the Platform
  • Personal Financial Analyst
  • Review with financial analyst: Once a Week, 30 min
  • Trading Plan: Quarterly
  • Personal Trading Strategy Development

 

VIP

  • FROM – €100,001+
  • Highest Priority Withdrawal
  • Welcome Bonus: Up to 150%
  • Analytical Materials
  • Educational Materials
  • Introduction to the Platform
  • Personal Financial Analyst
  • Review with financial analyst: Upon Request, Unlimited
  • Trading Plan: Quarterly/Annual
  • Personal Trading Strategy Development
  • Screen Demo of Real-Time Trading
  • High Priority Financial Analyst Trading
  • VIP Hedging Tools

Trading Conditions with GoldenFex

As we mentioned earlier in our GoldenFex review, the trading conditions are nothing short of excellent. The costs to using its service are low, with competitive spreads starting from a mere 0.1. That means you won’t lose a lot of money paying fees or commissions, which maximizes your profits. On top of that, all of GoldenFex’s trading happens via the excellent MetaTrader4 platform. The software promises near-instant execution, eliminating the chance of lag ruining your trades.

However, how you want to trade is truly up to you, as GoldenFex offers a skill-expressive service. You can choose which account you use and which asset from the massive library to trade. As such, picking carefully will lead to maximum profits, and the enormous variety ensures you don’t need to compromise.

GoldenFex review: Trading Platform

GoldenFex uses the MetaTrader4 platform, which is among the industry leaders. The software helps both beginners and veterans trade successfully, with a unique merge of simplicity and complexity. On the one hand, it’s intuitive, while on the other, its analytical features and execution are top-notch. GoldenFex also has the Mobile Trader and Webtrader, allowing you to trade via phone or internet browser.

GoldenFex

GoldenFex’s Trading Products

As we mentioned multiple times throughout our GoldenFex review, variety is one of the broker’s primary strengths. That variety comes in the form of over 360 assets traders can trade on. That means that you can exclusively trade on top-notch financial instruments, leading to maximum gains.

Customer Service

Customer support is important in ensuring the trading experience flows smoothly. GoldenFex’s support is quite attentive and helpful, with a 24/5 worktime. You can reach the support operatives via the form on the website, email, or phone line.

customer service

Phone: ‍+44 1182040036

Email: [email protected]

Conclusion

GoldenFex is an excellent broker, no matter which aspect you decide to look at. Its trading conditions are fantastic, providing great specifications at a low cost. As such, achieving and maintaining profits should be a much simpler task than with other brokers. Not only that, but the security is airtight, ensuring that you don’t need to worry about your funds disappearing. We recommend trying out GoldenFex, as it’s one of the few newer top-quality brokers.

  • Support
  • Platform
  • Spread
  • Trading Instrument
Comments Rating 5 (37 reviews)