GoldenrodFX-Overview of Minimum Deposit, Leverage, Spreads
Abstract：GoldenrodFX is introduced as a trading name of SANTI Goldenrod Ltd, a company registered in Seychelles, but we cant validate this information. The islands are still considered a tax haven suffering transparency issues. In other words, GoldenrodFX is an unregulated broker.
General Information
GoldenrodFX is introduced as a trading name of SANTI Goldenrod Ltd, a company registered in Seychelles, but we cant validate this information. The islands are still considered a tax haven suffering transparency issues. In other words, GoldenrodFX is an unregulated broker.
Leverage
The leverage provided by GoldenrodFX is 1:200, which is a dangerous level that can cause significant losses if carelessly used. In fact, leverage is so risky that some financial authorities even decreed regulations to restrict its usage.
Spreads
The trading conditions are highly unfavorable - the EUR/USD spread is usually more than 6 pips, which is 6 times worse than the regulated brokers standards. It is a vast Buy/Sell difference that makes trading costly and significantly reduces profit potential.
Trading Platform
GoldenrodFX offers its clients some kind of a web based trading platform. In this regard, we recommend the industry standard MetaTrader4 or MetaTrader5.
Deposit & Withdrawal
GoldenrodFX specifies maximum deposits instead of minimum ones., which is a pretty uncanny approach. For example, if you open a Beginner Account, you can fund it with no bigger sum than $250. The funding methods are also unknown.
Risk Warning
As of now, the website of GoldenrodFX (https://goldenrodfx.com/) is not available and there is no contact information. We assume that the trader GoldenrodFX might be closed or run away. Please be aware of the risk!
Read more
Nearly RM1mil Gone: The Investment Pitch She Should’ve Ignored
Kulai police chief Tan Seng Lee says the victim was drawn by the promised 30% to 40% profits on her 'investments'.
Tag Markets Exposed: Withdrawal Issues, Inflated Spreads & Market Manipulation Concerns
Did you encounter the sudden disappearance of Tag Markets’ MT5 one-click button? Did it result in wiping out your forex trading account balance? Does the broker disallow you profit withdrawals? Do you frequently witness price mismatches on the Tag Markets login? Has this piled on your capital losses? These experiences sum up the below-standard forex trading journey many traders have had with the broker. Some of them discussed such experiences while sharing the Tag Markets review. Take a look!
Exnova Exposed: Reports of Failed Deposits & Withheld Withdrawals from Traders
Does your deposit amount fail to reflect in your Exnova forex trading account? Does the same thing happen even when withdrawing? Does the Exnova bonus lure lead to a NIL account balance? Has the broker terminated your account without any explanation? These trading issues have become synonymous with traders here. Some traders have openly criticized the broker on several review platforms online. In this Exnova review article, we have highlighted the miserable forex trading experiences.
FXCM Broker ASIC Stop Order Halts CFD Sales
FXCM Broker ASIC Stop Order blocks new CFD trading for retail clients in Australia due to TMD flaws. Explore FXCM Broker CFD Trading Ban Australia impacts, retail client restrictions, and next steps for traders.
WikiFX Broker
Rate Calc
