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No Regulation
Score
1.43 /10
Danger
GoldTrade
2-5 yearsSuspicious Regulatory License
High potential risk
Influence
C
Add brokers
Comparison
Expose
Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index6.41
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
open now
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Warning: Low score, please stay away!
2
Previous Detection :
2025-07-29
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The current information shows that this broker does not have a trading software. Please be aware!
WikiFX Verification
| GoldTrade Review Summary | |
| Founded | 2010 |
| Registered Country/Region | United Arab Emirates |
| Regulation | No regulation |
| Products and Services | Online bullion store, precious metals, gold bars & coins, gemstones |
| Demo Account | ✅ |
| Trading Platform | Bullion Web Trader, GoldTrade Mobile Platform |
| Minimum Deposit | / |
| Customer Support | Tel: +971 50 9674 802 |
| Email: info@GoldTrade.ae | |
GoldTrade Information
GoldTrade, founded in 2010 and headquartered in the UAE, offers an online bullion platform that sells gold, silver, and gemstones to retail and investment clients. While it offers a wide range of account types and convenient digital access, the firm is unregulated, which has trading risks.
Pros and Cons
| Pros | Cons |
| Offers online bullion trading for gold, silver, and gemstones | No regulation |
| Multiple account types | Unclear fee structures |
| Desktop and mobile trading platforms available | Limited information about minimum depoist |
Is GoldTrade Legit?
GoldTrade is not licensed or overseen by any regulatory authority in its registered location (United Arab Emirates). Additionally, it does not hold licenses from major international regulators such as the FCA (UK), ASIC (Australia), CySEC (Cyprus), or CFTC/NFA (US).
Products and Services
GoldTrade offers an online bullion store providing physical precious metals, including gold bars, coins, and gemstones, for retail and investment customers.
| Product/Service | Supported |
| Online Bullion Store | ✔ |
| Precious Metals | ✔ |
| Gold Bars & Coins | ✔ |
| Gemstones | ✔ |
Account Type
GoldTrade has many live account types geared to individuals, businesses, and savings programs, as well as an IB (Introducing Broker) account. It also has a demo account for practice, but no mention of an Islamic account.
| Account Type | Suitable for |
| Demo Account | Beginners who want to practice without real money |
| Individual Account | Retail individuals trading or investing in bullion |
| Corporate Account | Companies managing larger-volume bullion trades |
| Gold Saving Account | Individuals focused on long-term gold savings plans |
| IB Account | Introducing Brokers who refer new clients to GoldTrade |
GoldTrade Fees
GoldTrade promises to have cheaper fees than the traditional gold shop business, with minimum redemption (conversion) fees and acceptable prices for online gold buying and selling.
Trading Platform
| Trading Platform | Supported | Available Devices |
| Bullion Web Trader | ✔ | Desktop |
| GoldTrade Mobile Platform | ✔ | Mobile |
Deposit and Withdrawal
GoldTrade does not clearly state if it charges deposit or withdrawal fees, and the minimum deposit is not mentioned.
Deposit Options
| Deposit Options | Minimum Deposit | Deposit Fees | Deposit Processing Time |
| Bullion Deposit (Gold/Silver bars) | / | / | After purity verification, credited at spot price |
| Bank Wire Transfer | After bank transfer confirmation | ||
| Cash Deposit (ATM) | After deposit confirmation and receipt sent |
Withdrawal Options
| Withdrawal Options | Minimum Withdrawal | Withdrawal Fees | Withdrawal Processing Time |
| Fund Withdrawal | / | / | Upon receipt of fully completed withdrawal form |
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