Spring Gold Market Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-28 18:20

Abstract：Spring Gold Market, established in China, offering trading on forex, indices, commodities, and shares. Traders can access these assets via the MetaTrader 4 (MT4) trading platform. The minimum deposit requirement to open a live account is USD$200. However, it's crucial to acknowledge that Spring Gold Market operates without regulatory oversight.

Spring Gold Market Review Summary
Founded	/
Headquarters	China
Regulation	No regulation
Tradable Assets	Forex, commodities, indices, shares
Demo Account	/
Leverage	Up to 1:200 (retail)/1:500 (professional)
EUR/USD Spread	0 pips
Trading Platform	MetaTrader 4 (MT4)
Min Deposit	USD$200
Customer Support	Service time: 24/7 multilingual
	Tel: +1786 628 1209
	Email: info@springgold.net

Overview of Spring Gold Market

　　Spring Gold Market, established in China, offering trading on forex, indices, commodities, and shares. Traders can access these assets via the MetaTrader 4 (MT4) trading platform. The minimum deposit requirement to open a live account is USD$200.

　　However, it's crucial to acknowledge that Spring Gold Market operates without regulatory oversight.

Pros and Cons

Pros	Cons
Diverse range of trading instruments	Operates without regulatory oversight
Utilizes the popular MetaTrader 4 platform	High minimum deposit
Provides multi-lingual 24/7 support
Multiple deposit and withdrawal methods

Is Spring Gold Market Legit?

　　No. Spring Gold Market currently has no valid regulations. Please be aware of the risk!

Trading Instruments

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Indices	✔
Shares	✔
Cryptocurrencies	❌
Bonds	❌
Options	❌
ETFs	❌

Account Type

　　Spring Gold Market offers two account types: Standard and ECN. The base currencies are AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, and HKD.

Account Type	Min Deposit
Standard	USD$200
ECN	USD$200

Leverage

　　For retail clients, both ECN and Standard accounts come with a maximum leverage of 1:200. While for professional clients, the maximum leverage is higher, set at 1:500. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spread and Commission

Account Type	Spread	Commission (FX Only)
Standard	Variable	From 3 USD per lot per side
ECN	Raw (from 0)	❌

　　You can find more detailed info on spreads and commissions in the screenshot below:

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
MT4	✔	PC, iPhone, Android, iPad	Beginners
MT5	❌	/	Experienced traders

Deposit and Withdrawal

　　Spring Gold Market accepts some popular payment methods, including Bank transfer, USDT, Neteller, Skrill, and Union Pay.

　　Note that any International Telegraphic Transfer (TT) Fees charged by the banking institution are passed onto the Client. Most International TTs are approximately USD$20.

　　Withdrawal forms received after 21:00 (GMT) will be processed the following day. If these are received before 07:00 (AEST) they'll be processed on the same day. Withdrawals made by Bank Wire Transfer usually take 3-5 working days to reach your account.