GOLDEN BROKERS Spreads, leverage, minimum deposit Revealed

　　General Information& Regulation

　　Established in 2008, Golden Brokers is an online broker offering a series of trading instruments, including Forex, Indices, Commodities,Shares through the advanced MT5 trading platfrom, with the maximum trading leverage up to 1:500.

　　Here is the screenshot of Golden Brokers offcial website:

　　Golden Brokers is owned and operated by Golden Brokers Limited, authorized and regulated by the Labuan Financial Services Authority (LFSA) with license number MB/19/0030.

　　Market Instruments

　　Golden Brokers offers clients the ability to trade on more than 700 financial instruments covering Forex, Shares, Indices and Commodities. It offers a wide range of trading instruments including more than 60 currency pairs and Contracts for Difference (CFDs).

　　Spreads & Commissions

　　Golden Brokers offers commission-free trading on Forex, Commodities and Indices but Share trading is commission-based. The spreads of EUR/USD, USD/JPY and GBP/USD are 3 pips, EUR/GBP 4 pips and GBP/JPY 7 pips. The maximum leverage is 1:100.

　　Trading Platform

　　Golden Brokers is using multi-asset trading platform MetaTrader 5 which can be used on multiple devices including Android, Apple and Windows.

　　Deposit & Withdrawal

　　Traders can deposit and withdraw funds using any of the following payment methods: bank transfers, credit/debit cards as well as online payment processors. The broker does not state any associated fees or processing times.

　　Trading Hours

　　Golden Brokers trading hours depend on the specific market. For example, the Forex market is open 24 hours a day, five days a week across major financial centres across the globe. The Share market is open from 11:00 am to 7:30 pm in Germany, the Netherlands, Spain and Switzerland, and from 5:30 pm to 12:00 pm in the US.

　　Accepted Countries

　　Golden Brokers does not offer its services to the residents of certain jurisdictions such as: Afghanistan, Cuba, Crimea, Israel, Sudan, North Korea, Ethiopia, Iran, Bosna and Herzegovina, Iraq, Lao People's Democratic Republic, Syria, Uganda, Vanuatu, Malaysia and Yemen.

　　Customer Service

　　Golden Brokers offers multilingual (English, Russian, Vietnamese, Arabic, Spanish) 24/5 customer support via email and phone. There is also a contact form on the ‘Contact Us’ page of the brokers website.

　　Pros & Cons

　　The advantages of Golden Brokers include commission-free trading available (excluding shares), 700+ financial instruments, MetaTrader 5 available and Islamic swap-free accounts available. The disadvantages are no live chat function, high swap-rates and offshore regulation.

　　Golden Brokers Risk

　　CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

　　Pros & Cons

　　Frequently Asked Questions

　　Is Golden Brokers regulated？

　　Yes, Golden Brokers is regulated by the Labuan Financial Services Authority, with regulatory license number: MB/19/0030.

　　What trading instruments does Golden Brokers offer？

　　Golden Brokers offers Forex, Indices, Commodities,Shares.

　　What is the maximum trading leverage offered by Golden Brokers？

　　The maximum trading leverage offered by Golden Brokers is up to 1:500.