XWGold Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-03 17:31

Abstract：Xinwang Gold, a Hong Kong-based precious metals brokerage, operates under the regulation of the Chinese Gold and Silver Exchange (CGSE), holding an AA-type market trading license. Xinwang Gold focuses on precious metals trading, such as spot gold and silver via MT5.

Xinwang Gold Review Summary
Founded	2023
Registered Country/Region	Hong Kong
Regulation	CGSE
Market Instruments	Precious metals (Spot gold, sliver, etc.)
Demo Account	✅
Leverage	1:100
Trading Platform	MT5
Min Deposit	$100
Customer Support	Live chat：7/24
	Tel: +852 3755 4533; +852 5372 3536
	Email: marketing@xwgold19.com
	X: https://twitter.com/xinwanggold
	Facebook: https://www.facebook.com/profile.php?id=61552916766216&sk=about
	Physical address: Room 1006, 10/F, Kam Ngan Commercial Building, 12-18 Ma Sha Street, Sheung Wan, Hong Kong
Regional Restrictions	United States, Singapore, Hong Kong, North Korea and Iran

　　Xinwang Gold, a Hong Kong-based precious metals brokerage, operates under the regulation of the Chinese Gold and Silver Exchange (CGSE), holding an AA-type market trading license. Xinwang Gold focuses on precious metals trading, such as spot gold and silver via MT5.

Pros and Cons

Pros	Cons
Regulated by CGSE	Unclear fee structure
Demo accounts available	Limited payment options
MT5 support	Regional restrctions
Various payment methods
24/7 live chat

Is Xinwang Gold Legit?

　　Yes, Xinwang Gold is a Class AA regulated entity (License Number 019) under the supervision of the Hong Kong Chinese Gold & Silver Exchange Society.

Regulated Country	Regulated Authority	Current Status	Regulated Entity	License Type	License Number
	The Chinese Gold & Silver Exchange Society (CGSE)	Regulated	鑫旺金業有限公司	Type AA License	019

What Can I Trade on Xinwang Gold?

　　Xinwang Gold focuses its expertise on trading spot gold and silver within the global precious metals market.

Tradable Instruments	Supported
Precious Metals	✔
Forex	❌
Commodities	❌
Indices	❌
Stocks	❌
Cryptocurrencies	❌

How to Open an Account?

　　The procedure to open an account with Xinwang Gold is relatively easy. You simply need to provide your email address, enter the verification code received, and set a password before proceeding with your trading activities.

Leverage

　　Xinwang Gold provides a leverage of 1:100 for gold trading. While this can magnify potential profits, it equally amplifies the risk of losses. Therefore, you are advised to use high leverage with caution and careful consideration.

Trading Platform

　　Xinwang Gold offers the professional and advanced trading platform MT5 in various versions—Web, desktop, and mobile (Apple and Android)—allowing you to choose the one that best suits your trading needs.

Trading Platform	Supported	Available Devices	Suitable for
MT5	✔	Web, desktop and mobile	Experienced traders
MT4	❌	/	Beginners

Deposit and withdrawal

　　Xinwang Gold supports funding through debit cards, credit cards, bank wire and other payment methods, though the specific types of these alternative payment methods have not been disclosed.