Swiss Gold FX Spreads, leverage, minimum deposit Revealed

　　Note: Swiss Gold FX is to operate via the website - https://www.swissgoldfx.io/, which is currently not yet functional and no information about the company was immediately available. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

　　Risk Warning

　　Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

　　General Information & Regulation

　　Swiss Gold FX is allegedly a forex broker registered in Bulgaria that claims to provide its clients with various tradable financial instruments with leverage up to 1:200 and floating spreads under 1 pip on the MT4 and web-based trading platforms via 3 different live account types.

　　As for regulation, it has been verified that Swiss Gold FX currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.25/10. Please be aware of the risk.

　　Market Instruments

　　Swiss Gold FX advertises that it offers access to a wide range of trading instruments in financial markets, including Forex, Commodities, Indices, Crypto, and Stocks.

　　Account Types

　　Apart from demo accounts, Swiss Gold FX claims to 3 types of trading accounts, Silver, Gold and Platinum, with minimum initial deposit requirements of $250, $5,000 and $10,000 respectively. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.

　　Leverage

　　The defaulted leverage provided by Swiss Gold FX on the demo web-based trading platform is 1:200. 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.

　　Spreads

　　It has acceptable spreads under the 1 pip for FX majors like the EURUSD at Swiss Gold FX.

　　Trading Platform Available

　　The platform available for trading at Swiss Gold FX is one of the most notable and preferred trading platforms the market offers - MetaTrader4 and a web-based platform. The MT4 is highly praised by traders and brokers alike due to its ease of use and great functionality, offering top-notch charting and flexible customization options. It is especially popular for its automated trading bots, a.k.a. Expert Advisors.

　　Deposit & Withdrawal

　　Swiss Gold FX accepts deposits via credit cards and wire transfers. The minimum initial deposit requirement is said to be $250. Withdrawals are subjected to withdrawal processing and handling fees, which will be deducted from the transferred withdrawn amount.

　　Bonuses & Fees

　　Swiss Gold FX also claims to offer some bonuses. However, it is only available to traders who can execute the inhuman requirement of achieving a turnover worth 25 times their deposit and the issued bonus.

　　If you did not log in and trade from your account within 3 months, your account will be subject to a deduction of 10% each month.

　　Customer Support

　　Swiss Gold FXs customer support can be reached by telephone: 442080890220, email: support@swissgoldfx.io. Company address: Bulgaria, Town of Ruse 7000, Region Ruse; Municipality of Ruse 10, Obzor street.

　　Pros & Cons

　　Frequently Asked Questions (FAQs)