Goldenrodfx Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-27 18:03

Abstract：Founded in 2020, Goldenrodfx is an unregulated broker registered in Seychelles, offering more than 250 trading instruments with leverage up to 1:200 and spread from 6 pips on the web-based trading platform.

　　Note: Goldenrodfx's official website - https://goldenrodfx.com/ is currently inaccessible normally.

Goldenrodfx Review Summary
Founded	2020
Registered Country/Region	Seychelles
Regulation	No regulation
Market Instruments	250+
Demo Account	✅
Leverage	Up to 1:200
EUR/USD Spread	From 6 pips
Trading Platform	Web
Min Deposit	/
Customer Support	Email: support@goldenrodfx.com
Customer Support	Address: Suite 1, Second Floor, Sound & Vision House, Francis Rachel Str., Victoria, Mahe, Seychelles

Goldenrodfx Information

　　Founded in 2020, Goldenrodfx is an unregulated broker registered in Seychelles, offering more than 250 trading instruments with leverage up to 1:200 and spread from 6 pips on the web-based trading platform.

Pros and Cons

Pros	Cons
Demo accounts	Inaccessible website
Multiple account types	No regulation
	Wide spreads
	No MT4/MT5 platform
	Unclear minimum deposit
	Unknown payment options
	Only email support

Is Goldenrodfx Legit?

　　No. Goldenrodfx currently has no valid regulations. Please be aware of the risk!

Account Type

　　Here are three account types Goldenrodfx offers:

Account Type	Max Deposit
Premium	$2,000
Advanced	$1,000
Beginner	$250

Leverage

　　Goldenrodfx offers max leverage capped at 1:200. Since leverage, can amplify both profits as well as losses, choosing the right amount is a key risk determination for traders.

Spread

　　As tested at Goldenrodfxs demo web account, the spread for the benchmark EUR/USD pair was floating around 6 pips, which is much higher than those regulated brokers.

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
Web-based platform	✔	/	/
MT4	❌	/	Beginners
MT5	❌	/	Experienced traders