XWGold Spreads, leverage, minimum deposit Revealed

　　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

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.

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.

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.