GOLDEN DAY PROFIT LIMITED Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-28 14:54

Abstract：Founded in 2009, GOLDEN DAY PROFIT is an online forex broker registered in Malaysia, offering trading on forex, commodities, indices and stocks with leverage up to 1:30 and spread from 0.1 pips via the MT4 trading platform. The minimum deposit requirement is $100.

GOLDEN DAY PROFITReview Summary
Founded	2009
Registered Country/Region	Malaysia
Regulation	VFSC (Revoked)
Market Instruments	Forex, commodities, indices, stocks
Demo Account	❌
Leverage	Up to 1:30
Spread	From 0.1 pips
Trading Platform	MT4
Min Deposit	$100
	Tel: +6030696980
	Email: web@rlgold.com
Regional Restrictions	The United States, Brazil, Canada, Egypt, Iran, and North Korea (Democratic People's Republic of Korea) and European Union countries' clients are not allowed

GOLDEN DAY PROFIT Information

　　Founded in 2009, GOLDEN DAY PROFIT is an online forex broker registered in Malaysia, offering trading on forex, commodities, indices and stocks with leverage up to 1:30 and spread from 0.1 pips via the MT4 trading platform. The minimum deposit requirement is $100.

　　However, it lacks regulation by a reputable financial authority. Their previously held license with the Vanuatu Financial Services Commission (VFSC) is revoked.

Pros and Cons

Pros	Cons
Various trading assets	No regulation
Multiple account types	No demo accounts
MT4 platform	Limited payment options
	Regional restrictions

Is GOLDEN DAY PROFIT Legit?

　　Golden Day Profit's legitimacy is in question due to significant regulatory issues. The retail forex license from the Vanuatu Financial Services Commission (VFSC) is revoked.

Regulated Country	Regulator	Current Status	Regulated Entity	License Type	License No.
	Vanuatu Financial Services Commission (VFSC)	Revoked	GOLDEN DAY PROFIT KAMYIP CO., LIMITED	Retail Forex License	14829

What Can I Trade on GOLDEN DAY PROFIT?

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Indices	✔
Stocks	✔
Cryptos	❌
Bonds	❌
Options	❌
ETFs	❌

Account Type

　　Here are three account types GOLDEN DAY PROFIT offers:

Account Type	Min Deposit
Classic	$100
Gold	$500
Premium	$1 000

Leverage

　　The broker offers leverage up to 1:30 for all account types. Since leverage, can amplify both profits as well as losses, choosing the right amount is a key risk determination for traders.

Trading Platform

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