Bibgold Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-10-16 18:35

Abstract：Bibgold specializes in electronic trading of London gold and London silver. They hold the qualification of Class AA 79 from the Gold and Silver Exchange, which signifies their high standards and credibility in the industry. As a regulated entity, Bibgold operates under the supervision of the Chinese Gold and Silver Exchange Society (CGSE), ensuring compliance with regulatory guidelines and providing traders with a secure trading environment. For their trading platform, Bibgold has chosen the widely acclaimed MT4 (MetaTrader 4). In addition, Bibgold provides a variety of trading tools that empower traders to make informed decisions.

BibgoldReview Summary
Founded	2022
Registered Country/Region	Hong Kong
Regulation	Regulated
Market Instruments	Gold, Silver, Platinum, Palladium
Demo Account	✅
Leverage	/
Spread	Up to $26 spread rebate
Trading Platform	Bibgold, MT4
Min Deposit	$50
Customer Support	Phone: +852 3579-2688
	Email: cs@bibgold.com
	Social Media: QQ, Wechat
	Online Chat: 24/7
	Physical Address: Room 8.25/F,Paligold commercial centre2501 Pilikin Street, Jordan, Kowloon, Hong Kong

Bibgold Information

　　Bibgold is a security brokerage registered in Hong Kong and regulated by CGSE. It mainly provides traders with the opportunity to trade metals such as Gold, Silver, Platinum and Palladium. Bibgold is attractive to traders because it saves traders the cost of opening accounts and commission fees, but the specific information about accounts and spreads is not provided, and traders' evaluation of the cost becomes a mystery.

Pros and Cons

Pros	Cons
Well regulated	No account information was provided
No fee for opening an account	No spread information is provided
0 commission trading

Is Bibgold Legit?

Regulated Region	Regulated Authority	License Type	License Number
	CGSE	Type AA License	079

What Can I Trade on Bibgold?

　　Bibgold offers investors a wide range of precious metal investment options, including gold, silver, platinum and palladium.

Tradable Instruments	Supported
Gold	✔
Silver	✔
Platinum	✔
Palladium	✔
Forex	❌
Precious metals & Commodities	❌
Indices	❌
Stocks	❌
Bonds	❌
ETF	❌

Account Types

　　Bibgold did not give details of the account. It offers demo accounts to traders.

　　In addition, to open an account with Bibgold, the steps are simple.

Find “Open an Account” on the website
Fill in the personal information according to the requirements, and the mobile phone number can open an account.

Bibgold Fees

　　It can be known that Bibgold claims to conduct London gold/silver trading, offering a spread rebate of up to $26 per lot across the bank.

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
Bibgold	✔	Mobile	Beginner
MT4	✔	Desktop, Mobile	Beginner
MT5	❌

Deposit and Withdrawal

　　Online banking is a payment method offered by Bibgold. Traders can withdraw money at any time, it will process the account within 2 hours. In addition, the minimum deposit required to open an account is $50.