#Forex Broker In Labuan
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Golden Brokers Review 2024
This review will discuss the Malaysian-based forex broker, Golden Brokers Ltd. We explore its features with information on the trading platform, available markets, fees, regulation, pros, cons and more. Find out whether to open a live account with Golden Brokers.
Headlines
Golden Brokers Limited was founded in 2018. It is regulated by the Malaysian financial regulator Labuan FSC and its headquarters is based in Kuala Lumpur, Malaysia. It is not quite a global broker as many major geographical locations such as France, Germany and Switzerland are restricted, which other brokers for forex and all manner of trading cater to.
Trading Platforms
MetaTrader 5
MT5 is a world-leading platform with many tools and instruments that can be customised to help each user carry out thorough technical analysis and manage their positions. MT5 is a further development of the MetaTrader 4 platform, offering greater functionality, faster processes and a more intuitive layout. This platform is available on your web browser and downloadable on Windows and Mac.
MT5 platform features include:
Copy trading
21 timeframes
One-click trading
Integrated signals
Automated trading
Hedging and netting
38 built-in indicators
6 pending order types
Markets
Forex – Over 60 major, minor and exotic currency pairs
Commodities – 15 commodities, including precious metals and crude oil
Stock CFDs – Large multinational companies such as Apple, Google and Volkswagen
Indices – 14 global equity indices, such as the Dow Jones & FTSE
Trading Fees
Golden Brokers offers quite large spreads, with typical rates around 3-4 pips for major currency pairs like GBP/USD and EUR/GBP. Spreads for indices range from 2 to 50 pips, while commodities sit between 0.07 and 14 pips.
No commissions are charged, though there are overnight swap fees on CFD positions, which sit at a 0.5% charge, with a minimum fee of USD 20. Additionally, there is a dormancy charge of USD 100 for accounts that remain inactive for an entire year.
Mobile Apps
Golden Brokers clients can access mobile trading through the MetaTrader 5 application. This can be downloaded for both Apple (iOS) and Android (APK) devices from the relevant stores, boasting much of the functionality of the desktop versions. The app offers all supported order types, account management systems and asset classes, with 24 analysis tools and 30 indicators.
The broker’s website also links to a proprietary application on the Apple App Store and Google Play Store. However, there is no mention of the functionality of the application, except for the fact that 24/5 customer support is integrated. From the images provided, the application seems sleek, with at least line, area and candlestick chart support.
Payment Methods
Users can make deposits to and withdrawals from their Golden Brokers accounts using bank wire transfers, credit cards, debit cards and online payment services like Neteller. Deposits can be made in any currency, though they will be converted to USD. A minimum deposit limit of USD 100 is imposed.
Leverage
Golden Brokers clients can access leverage for forex pairs, though not for any other assets offered by the broker. All currency pairs have a maximum rate of 1:100, though this is flexible.
Account Types
To open an account with Golden Brokers you will need to provide personal information like your home address and date of birth, as well as income information like annual income and total net worth. Additionally, you must provide documentation showing proof of identity and residence. It is important to note that the broker will only accept transfers of funds from bank accounts listed on the application forms.
Demo Account
Golden Brokers have provided users with the opportunity to practise making trades on their platform and explore the various markets offered with a free demo account. Each account is given USD 100,000 of digital funds to execute forex, commodities, indices and CFD trades in a simulated environment.
Live Accounts
There is a standard live account on the Golden Brokers platform that provides access to the MetaTrader 5 platform and the many financial instruments. There is also the option for an Islamic account, with which users are entitled to 20 calendar days per year that are swap-free.
Regulation
Golden Brokers is regulated by the Labuan Financial Services Authority in Malaysia with License number MB/19/0030.
This means that the company is authorised to conduct its business and must maintain certain industry standards, such as protection of funds, for example. Client funds are kept safe through account segregation with tier-1 banking institutions, meaning that money can be returned if the broker collapses.
0 notes
Text
Golden Brokers Review – Is goldenbrokers.my scam or good forex broker?
Golden Brokers is a Malaysian broker, offering a fine selection of currency pairs and various other CFDs, with a single account type, leverage of up to 1:100 and the MetaTrader5 platform. Golden Brokers is regulated by the local Labuan Financial Services Authority. For more information about their offer please check the following review.
Golden Brokers Advantages:
Regulated in Malaysia
We will credit Golden Brokers for their license. The broker is owned and operated by Golden Brokers Ltd., which is licensed and authorized by the Labuan Financial Services Authority (LFSA) – the official regulator in Malaysia, which similarly to well known institutions like the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC) or the Australian Securities and Investments Commission (ASIC), by far the three most popular regulators in the industry, oversees forex and CFD brokers by requiring them to follow certain fiscal and ethical rules, to file regular reports and to allow external audits.
With brokers regulated in the EU or by the FCA in the UK however, you will even get additional protection by special client compensation funds, which in the case of FCA will cover up to 85 000 GBP of your trading account even in the unlikely case your broker files for bankruptcy. So here you may check as well our list of brokers, regulated in the UK:
FCA Regulated Forex Brokers<<
Over 60 currency pairs, a good selection of CFDs
Golden Brokers offers 63 currency pairs, many of which minor or exotic like USD/ZAR, USD/TRY, USD/SGD, USD/SEK, USD/RUB, USD/PLN, USD/NOK, USD/MXN, USD/HUF, USD/HKD, USD/DKK, USD/CZK, USD/BRL and USD/CNH, as well as CFDs on silver, gold, platinum, oil, natural gas, cocoa, coffee, cotton, sugar, corn, wheat, aluminum, copper, nickel, zinc, a selection of indices, futures and stocks – all in all well over 700 trading instruments.
As we do not see any crypto assets however, here you may check as well our list of brokers, trading with bitcoin CFDs:
MetaTrader5 supported
Along the venerable MetaTrader4, MetaTrader5 ranks among the most widely used trading platforms on the market. Similarly to the MT4 it features numerous market indicators – well over 50, and customizable trading robots with the help of which one can easily run automated trading sessions. Here you may check the platform on the screenshot below.
And besides, MT5 comes with a very useful set of advanced charting tools, so here you may also check the link with our brokers, which support the platform as well:
Golden Brokers Disadvantages:
High spreads
As tested with a demo account the benchmark EURUSD spread floated above 3 pips and this is about twice the spread traders would usually find attractive with a standard account, without a trading commission. So here you may check as well our list of brokers, offering tighter spreads:
Does not seem to accept payments with Skrill
The broker accepts payments with bank wire transfers and major credit cards like VISA and MasterCard, but does not seem to accept Skrill, so here you may also check our list of brokers, which do accept Skrill:
No information about the minimum deposit requirement
Just bear in mind that most broker would ask for an initial deposit of about 250 USD, while some big and well known names like FBS and IG will let you start trading with just 5 USD or even less.
Conclusion:
A definite advantage about Golden Brokers is that they are both regulated and able to offer relatively higher leverage – 1:100. And they also support a professional trading platform – the MetaTrader5 with a good selection of currency pairs and plenty of CFDs. Unfortunately the spreads are far form attractive, and for an experienced trader this is not a minor issue.
0 notes
Text
Golden Brokers review – Is goldenbrokers.my scam or good forex broker?
Golden Brokers is a Malaysian broker, offering a fine selection of currency pairs and various other CFDs, with a single account type, leverage of up to 1:100 and the MetaTrader5 platform. Golden Brokers is regulated by the local Labuan Financial Services Authority. For more information about their offer please check the following review.
Golden Brokers Advantages:
Regulated in Malaysia
We will credit Golden Brokers for their license. The broker is owned and operated by Golden Brokers Ltd., which is licensed and authorized by the Labuan Financial Services Authority (LFSA) – the official regulator in Malaysia, which similarly to well known institutions like the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC) or the Australian Securities and Investments Commission (ASIC), by far the three most popular regulators in the industry, oversees forex and CFD brokers by requiring them to follow certain fiscal and ethical rules, to file regular reports and to allow external audits.
With brokers regulated in the EU or by the FCA in the UK however, you will even get additional protection by special client compensation funds, which in the case of FCA will cover up to 85 000 GBP of your trading account even in the unlikely case your broker files for bankruptcy. So here you may check as well our list of brokers, regulated in the UK:
Over 60 currency pairs, a good selection of CFDs
Golden Brokers offers 63 currency pairs, many of which minor or exotic like USD/ZAR, USD/TRY, USD/SGD, USD/SEK, USD/RUB, USD/PLN, USD/NOK, USD/MXN, USD/HUF, USD/HKD, USD/DKK, USD/CZK, USD/BRL and USD/CNH, as well as CFDs on silver, gold, platinum, oil, natural gas, cocoa, coffee, cotton, sugar, corn, wheat, aluminum, copper, nickel, zinc, a selection of indices, futures and stocks – all in all well over 700 trading instruments.
As we do not see any crypto assets however, here you may check as well our list of brokers, trading with bitcoin CFDs:
MetaTrader5 supported
Along the venerable MetaTrader4, MetaTrader5 ranks among the most widely used trading platforms on the market. Similarly to the MT4 it features numerous market indicators – well over 50, and customizable trading robots with the help of which one can easily run automated trading sessions. Here you may check the platform on the screenshot below.
And besides, MT5 comes with a very useful set of advanced charting tools, so here you may also check the link with our brokers, which support the platform as well:
Golden Brokers Disadvantages:
High spreads
As tested with a demo account the benchmark EURUSD spread floated above 3 pips and this is about twice the spread traders would usually find attractive with a standard account, without a trading commission. So here you may check as well our list of brokers, offering tighter spreads:
Does not seem to accept payments with Skrill
The broker accepts payments with bank wire transfers and major credit cards like VISA and MasterCard, but does not seem to accept Skrill, so here you may also check our list of brokers, which do accept Skrill:
No information about the minimum deposit requirement
Just bear in mind that most broker would ask for an initial deposit of about 250 USD, while some big and well known names like FBS and IG will let you start trading with just 5 USD or even less.
Conclusion:
A definite advantage about Golden Brokers is that they are both regulated and able to offer relatively higher leverage – 1:100. And they also support a professional trading platform – the MetaTrader5 with a good selection of currency pairs and plenty of CFDs. Unfortunately the spreads are far form attractive, and for an experienced trader this is not a minor issue.
1 note
·
View note
Text
Golden Brokers review – Is goldenbrokers.my scam or good forex broker?
Golden Brokers is a Malaysian broker, offering a fine selection of currency pairs and various other CFDs, with a single account type, leverage of up to 1:100 and the MetaTrader5 platform. Golden Brokers is regulated by the local Labuan Financial Services Authority. For more information about their offer please check the following review.
Golden Brokers Advantages:
Regulated in Malaysia
We will credit Golden Brokers for their license. The broker is owned and operated by Golden Brokers Ltd., which is licensed and authorized by the Labuan Financial Services Authority (LFSA) – the official regulator in Malaysia, which similarly to well known institutions like the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC) or the Australian Securities and Investments Commission (ASIC), by far the three most popular regulators in the industry, oversees forex and CFD brokers by requiring them to follow certain fiscal and ethical rules, to file regular reports and to allow external audits.
With brokers regulated in the EU or by the FCA in the UK however, you will even get additional protection by special client compensation funds, which in the case of FCA will cover up to 85 000 GBP of your trading account even in the unlikely case your broker files for bankruptcy. So here you may check as well our list of brokers, regulated in the UK:
Over 60 currency pairs, a good selection of CFDs
Golden Brokers offers 63 currency pairs, many of which minor or exotic like USD/ZAR, USD/TRY, USD/SGD, USD/SEK, USD/RUB, USD/PLN, USD/NOK, USD/MXN, USD/HUF, USD/HKD, USD/DKK, USD/CZK, USD/BRL and USD/CNH, as well as CFDs on silver, gold, platinum, oil, natural gas, cocoa, coffee, cotton, sugar, corn, wheat, aluminum, copper, nickel, zinc, a selection of indices, futures and stocks – all in all well over 700 trading instruments.
As we do not see any crypto assets however, here you may check as well our list of brokers, trading with bitcoin CFDs:
MetaTrader5 supported
Along the venerable MetaTrader4, MetaTrader5 ranks among the most widely used trading platforms on the market. Similarly to the MT4 it features numerous market indicators – well over 50, and customizable trading robots with the help of which one can easily run automated trading sessions. Here you may check the platform on the screenshot below.
And besides, MT5 comes with a very useful set of advanced charting tools, so here you may also check the link with our brokers, which support the platform as well:
Golden Brokers Disadvantages:
High spreads
As tested with a demo account the benchmark EURUSD spread floated above 3 pips and this is about twice the spread traders would usually find attractive with a standard account, without a trading commission. So here you may check as well our list of brokers, offering tighter spreads:
Does not seem to accept payments with Skrill
The broker accepts payments with bank wire transfers and major credit cards like VISA and MasterCard, but does not seem to accept Skrill, so here you may also check our list of brokers, which do accept Skrill:
No information about the minimum deposit requirement
Just bear in mind that most broker would ask for an initial deposit of about 250 USD, while some big and well known names like FBS and IG will let you start trading with just 5 USD or even less.
Conclusion:
A definite advantage about Golden Brokers is that they are both regulated and able to offer relatively higher leverage – 1:100. And they also support a professional trading platform – the MetaTrader5 with a good selection of currency pairs and plenty of CFDs. Unfortunately the spreads are far form attractive, and for an experienced trader this is not a minor issue.
0 notes
Text
Maximizing Profits with Golden Brokers: Advanced Trading Strategies
In the competitive world of online trading, maximizing profits requires a blend of strategic thinking, market understanding, and the right platform. Golden Brokers, a renowned name in the trading industry, provides a comprehensive suite of tools and features designed to help traders achieve their financial goals. This blog will explore advanced trading strategies that can be effectively implemented on the Golden Brokers limited platform, helping you navigate the markets with confidence.
Understanding Golden Brokers
Golden Brokers limited is a globally recognized trading platform that offers a wide range of financial instruments, including forex, commodities, indices, and shares. With its user-friendly interface and advanced trading tools, Golden Brokers caters to both novice and experienced traders. The platform is known for its reliability and excellent customer support, making it a preferred choice for many traders worldwide.
Golden Brokers limited-du and Golden Brokers limited Labuan are part of the Golden Brokers group, providing regional services with the same high standards. Additionally, Golden Brokers UAE offers tailored services for traders in the Middle East, ensuring compliance with local regulations and market conditions.
Key Features of Golden Brokers
Before diving into advanced trading strategies, it’s essential to understand the key features that make Golden Brokers ltd stand out:
Wide Range of Instruments: Golden Brokers offers a diverse selection of trading instruments, including forex pairs, commodities, indices, and shares, allowing traders to diversify their portfolios.
Advanced Trading Tools: The platform is equipped with sophisticated trading tools, including real-time charts, technical indicators, and automated trading options, which are crucial for implementing advanced strategies.
Competitive Spreads and Leverage: Golden Brokers provides competitive spreads and flexible leverage options, enabling traders to maximize their potential returns.
Educational Resources: Golden Brokers offers a wealth of educational resources, including webinars, tutorials, and market analysis, to help traders stay informed and make educated decisions.
Secure and Reliable: With robust security measures and regulatory compliance, Golden Brokers ensures a safe trading environment for its users.
Advanced Trading Strategies with Golden Brokers
Now that we have a clear understanding of the platform, let’s delve into some advanced trading strategies that can help you maximize your profits with Golden Brokers.
1. Technical Analysis and Chart Patterns
Technical analysis involves studying historical price data to predict future price movements. This strategy relies on chart patterns, technical indicators, and trading volumes. Golden Brokers’ platform provides a comprehensive suite of tools for technical analysis, including:
Candlestick Patterns: Candlestick patterns, such as the hammer, engulfing pattern, and head and shoulders, can provide insights into potential market reversals and continuations.
Moving Averages: Moving averages, including the simple moving average (SMA) and exponential moving average (EMA), help smooth out price data and identify trends.
Relative Strength Index (RSI): RSI is a momentum oscillator that measures the speed and change of price movements. It helps identify overbought or oversold conditions.
By mastering these tools and patterns, you can develop a systematic approach to trading, identifying entry and exit points with greater accuracy.
2. Fundamental Analysis
Fundamental analysis involves evaluating the intrinsic value of an asset by examining economic indicators, financial statements, and market news. Golden Brokers limited provides access to a wide range of fundamental data, including economic calendars and financial news updates. Key aspects of fundamental analysis include:
Economic Indicators: Keep track of major economic indicators such as GDP, unemployment rates, and inflation. These indicators can provide valuable insights into the overall health of an economy and its impact on currency pairs.
Company Earnings Reports: For stock traders, analyzing company earnings reports can help identify potential investment opportunities. Look for companies with strong revenue growth, profit margins, and positive earnings guidance.
Market Sentiment: Stay informed about market sentiment by following news and analyst opinions. Positive or negative sentiment can significantly influence market trends.
Combining fundamental analysis with technical analysis can provide a more comprehensive view of the market, helping you make well-informed trading decisions.
3. Risk Management
Effective risk management is crucial for long-term trading success. Golden Brokers ltd offers several tools and features to help manage risk, including stop-loss and take-profit orders. Key risk management strategies include:
Position Sizing: Determine the appropriate position size for each trade based on your risk tolerance and account size. Avoid risking too much on a single trade to protect your capital.
Stop-Loss Orders: Use stop-loss orders to limit potential losses by automatically closing a trade when the price reaches a predetermined level. This helps protect your account from significant drawdowns.
Take-Profit Orders: Take-profit orders allow you to lock in profits by automatically closing a trade when the price reaches a specified target. This ensures you capture gains without having to monitor the market constantly.
Diversification: Spread your investments across different asset classes and instruments to reduce overall risk. Diversification helps protect your portfolio from significant losses in any single market.
By implementing these risk management strategies, you can minimize potential losses and protect your trading capital.
4. Algorithmic Trading
Algorithmic trading involves using computer algorithms to execute trades automatically based on predefined criteria. The Golden Brokers platform supports algorithmic trading through expert advisors (EAs) and automated trading systems. Key benefits of algorithmic trading include:
Speed and Efficiency: Algorithms can execute trades much faster than humans, taking advantage of market opportunities in real time.
Emotion-Free Trading: Algorithms follow predefined rules, eliminating the emotional aspect of trading, which can often lead to poor decisions.
Backtesting: Test your trading strategies on historical data to evaluate their performance before deploying them in live markets.
To get started with algorithmic trading on Golden Brokers, you can either develop your own algorithms or use pre-built EAs available on the platform. Ensure you thoroughly test and optimize your algorithms to maximize their effectiveness.
5. Leveraging Market Correlations
Understanding market correlations can help you identify potential trading opportunities and manage risk. Golden Brokers review highlights the platform’s ability to analyze correlations between different assets. Key correlation strategies include:
Currency Correlations: Analyze the correlations between different currency pairs. For example, the EUR/USD and GBP/USD pairs often move in the same direction due to their close economic ties.
Commodity and Currency Correlations: Understand how commodity prices affect currency pairs. For instance, the Canadian dollar (CAD) is often correlated with oil prices, as Canada is a major oil exporter.
Diversifying with Correlated Assets: Use correlations to diversify your portfolio. For example, if two assets are negatively correlated, one may rise while the other falls, helping to balance your overall risk.
By leveraging market correlations, you can make more informed trading decisions and enhance your overall strategy.
Conclusion
Maximizing profits with Golden Brokers involves a combination of advanced trading strategies, market analysis, and effective risk management. By utilizing the platform’s comprehensive tools and features, you can develop a systematic approach to trading that enhances your chances of success. Whether you’re a seasoned trader or just starting, Golden Brokers offers the resources and support you need to achieve your financial goals.
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Golden Brokers review – Is goldenbrokers.my scam or good forex broker?
Golden Brokers is a Malaysian broker, offering a fine selection of currency pairs and various other CFDs, with a single account type, leverage of up to 1:100 and the MetaTrader5 platform. Golden Brokers is regulated by the local Labuan Financial Services Authority. For more information about their offer please check the following review.
Golden Brokers Advantages:
Regulated in Malaysia
We will credit Golden Brokers for their license. The broker is owned and operated by Golden Brokers Ltd., which is licensed and authorized by the Labuan Financial Services Authority (LFSA) – the official regulator in Malaysia, which similarly to well known institutions like the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC) or the Australian Securities and Investments Commission (ASIC), by far the three most popular regulators in the industry, oversees forex and CFD brokers by requiring them to follow certain fiscal and ethical rules, to file regular reports and to allow external audits.
With brokers regulated in the EU or by the FCA in the UK however, you will even get additional protection by special client compensation funds, which in the case of FCA will cover up to 85 000 GBP of your trading account even in the unlikely case your broker files for bankruptcy. So here you may check as well our list of brokers, regulated in the UK:
Over 60 currency pairs, a good selection of CFDs
Golden Brokers offers 63 currency pairs, many of which minor or exotic like USD/ZAR, USD/TRY, USD/SGD, USD/SEK, USD/RUB, USD/PLN, USD/NOK, USD/MXN, USD/HUF, USD/HKD, USD/DKK, USD/CZK, USD/BRL and USD/CNH, as well as CFDs on silver, gold, platinum, oil, natural gas, cocoa, coffee, cotton, sugar, corn, wheat, aluminum, copper, nickel, zinc, a selection of indices, futures and stocks – all in all well over 700 trading instruments.
As we do not see any crypto assets however, here you may check as well our list of brokers, trading with bitcoin CFDs:
MetaTrader5 supported
Along the venerable MetaTrader4, MetaTrader5 ranks among the most widely used trading platforms on the market. Similarly to the MT4 it features numerous market indicators – well over 50, and customizable trading robots with the help of which one can easily run automated trading sessions. Here you may check the platform on the screenshot below.
And besides, MT5 comes with a very useful set of advanced charting tools, so here you may also check the link with our brokers, which support the platform as well:
Golden Brokers Disadvantages:
High spreads
As tested with a demo account the benchmark EURUSD spread floated above 3 pips and this is about twice the spread traders would usually find attractive with a standard account, without a trading commission. So here you may check as well our list of brokers, offering tighter spreads:
Does not seem to accept payments with Skrill
The broker accepts payments with bank wire transfers and major credit cards like VISA and MasterCard, but does not seem to accept Skrill, so here you may also check our list of brokers, which do accept Skrill:
No information about the minimum deposit requirement
Just bear in mind that most broker would ask for an initial deposit of about 250 USD, while some big and well known names like FBS and IG will let you start trading with just 5 USD or even less.
Conclusion:
A definite advantage about Golden Brokers is that they are both regulated and able to offer relatively higher leverage – 1:100. And they also support a professional trading platform – the MetaTrader5 with a good selection of currency pairs and plenty of CFDs. Unfortunately the spreads are far form attractive, and for an experienced trader this is not a minor issue.
0 notes
Text
Golden Brokers Review
Golden Brokers will appeal to traders looking for high leverage up to 1:1000 in return for limited regulatory safeguards. It will also appeal to traders familiar with MetaTrader 5.
Golden Brokers is a Malaysian headquartered forex and CFD broker established in 2016. The brand is regulated offshore by the Labuan Financial Services Authority. Retail traders can speculate on 700+ products via the MT5 platform with no commission and a choice of international payment methods.
Forex Trading
Speculate on 60+ major, minor and exotic currency pairs such as EUR/AUD, USD/JPY and EUR/GBP with leverage up to 1:100. Fees are not the most competitive, with average spreads of between 3 and 5 pips for major forex pairs.
Stock Trading
You can speculate on the price of hundreds of shares spanning US, EU and Asian markets. On the negative side, the $20 minimum commission is higher than the best stock brokers.
CFD Trading
Trade 700+ products as CFDs on the powerful MetaTrader 5 platform. Access leverage up to 1:100 on major forex pairs with a 50% stop-out level on the standard account.
Pros
Multiple deposit methods including credit/debit card, wire transfer, Neteller and Dragonpay
Deposits accepted in all major currencies, though will be converted to USD at current market rates
Free demo account available to practise trading risk-free with $100,000 in virtual funds
No commission when you trade forex, indices and commodities
Some educational content and integrated video tutorials
Cons
High trading fees with average spreads of 4 pips for major currency pairs such as the GBP/USD
Weak regulatory oversight from the LFSA raises safety concerns
No proprietary trading platform or mobile application
Reports of customers' funds being withheld
No live chat support
This review will discuss the Malaysian-based forex broker, Golden Brokers Ltd. We explore its features with information on the trading platform, available markets, fees, regulation, pros, cons and more. Find out whether to open a live account with Golden Brokers.
Headlines
Golden Brokers Limited was founded in 2018. It is regulated by the Malaysian financial regulator Labuan FSC and its headquarters is based in Kuala Lumpur, Malaysia. It is not quite a global broker as many major geographical locations such as France, Germany and Switzerland are restricted, which other brokers for forex and all manner of trading cater to.
Trading Platforms
MetaTrader 5
MT5 is a world-leading platform with many tools and instruments that can be customised to help each user carry out thorough technical analysis and manage their positions. MT5 is a further development of the MetaTrader 4 platform, offering greater functionality, faster processes and a more intuitive layout. This platform is available on your web browser and downloadable on Windows and Mac.
MT5 platform features include:
Copy trading 21 timeframes One-click trading Integrated signals Automated trading Hedging and netting 38 built-in indicators 6 pending order types
Markets Forex – Over 60 major, minor and exotic currency pairs Commodities – 15 commodities, including precious metals and crude oil Stock CFDs – Large multinational companies such as Apple, Google and Volkswagen Indices – 14 global equity indices, such as the Dow Jones & FTSE
Trading Fees Golden Brokers offers quite large spreads, with typical rates around 3-4 pips for major currency pairs like GBP/USD and EUR/GBP. Spreads for indices range from 2 to 50 pips, while commodities sit between 0.07 and 14 pips.
No commissions are charged, though there are overnight swap fees on CFD positions, which sit at a 0.5% charge, with a minimum fee of USD 20. Additionally, there is a dormancy charge of USD 100 for accounts that remain inactive for an entire year.
Mobile Apps Golden Brokers clients can access mobile trading through the MetaTrader 5 application. This can be downloaded for both Apple (iOS) and Android (APK) devices from the relevant stores, boasting much of the functionality of the desktop versions. The app offers all supported order types, account management systems and asset classes, with 24 analysis tools and 30 indicators.
The broker’s website also links to a proprietary application on the Apple App Store and Google Play Store. However, there is no mention of the functionality of the application, except for the fact that 24/5 customer support is integrated. From the images provided, the application seems sleek, with at least line, area and candlestick chart support.
Payment Methods Users can make deposits to and withdrawals from their Golden Brokers accounts using bank wire transfers, credit cards, debit cards and online payment services like Neteller. Deposits can be made in any currency, though they will be converted to USD. A minimum deposit limit of USD 100 is imposed.
Leverage Golden Brokers clients can access leverage for forex pairs, though not for any other assets offered by the broker. All currency pairs have a maximum rate of 1:100, though this is flexible.
Account Types To open an account with Golden Brokers you will need to provide personal information like your home address and date of birth, as well as income information like annual income and total net worth. Additionally, you must provide documentation showing proof of identity and residence. It is important to note that the broker will only accept transfers of funds from bank accounts listed on the application forms.
Demo Account Golden Brokers have provided users with the opportunity to practise making trades on their platform and explore the various markets offered with a free demo account. Each account is given USD 100,000 of digital funds to execute forex, commodities, indices and CFD trades in a simulated environment.
Live Accounts There is a standard live account on the Golden Brokers platform that provides access to the MetaTrader 5 platform and the many financial instruments. There is also the option for an Islamic account, with which users are entitled to 20 calendar days per year that are swap-free.
Regulation Golden Brokers is regulated by the Labuan Financial Services Authority in Malaysia with License number MB/19/0030.
This means that the company is authorised to conduct its business and must maintain certain industry standards, such as protection of funds, for example. Client funds are kept safe through account segregation with tier-1 banking institutions, meaning that money can be returned if the broker collapses.
Customer Support 3.3 / 5 The customer service team of Golden Brokers can be contacted via email or telephone, with multilingual support offered, including English, French, German, Chinese and Arabic.
The broker can also be contacted on social media like Facebook, LinkedIn, Twitter and the website blog, which are also used for news and announcements.
Email Address: [email protected] Phone No.: +60-154-877-0961
Additional Features There is an Education tab on the Golden Brokers website that provides many helpful guides and videos that can be taken advantage of to boost your knowledge and understanding of topics like trading platforms, instruments, CFDs and leverage.
Golden Brokers Verdict Golden Brokers caters to both new and veteran traders, offering the advanced but intuitive MetaTrader 5 platform alongside a range of educational guides and tutorials. The firm boasts over 100 forex, equity and CFD instruments, which can be traded with 1:100 leverage and low commission charges. However, Golden Brokers does not have the best level of regulation and spreads are not very competitive.
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Golden Brokers Review 2021
Golden Brokers will appeal to traders looking for high leverage up to 1:1000 in return for limited regulatory safeguards. It will also appeal to traders familiar with MetaTrader 5.
Golden Brokers is a Malaysian headquartered forex and CFD broker established in 2016. The brand is regulated offshore by the Labuan Financial Services Authority. Retail traders can speculate on 700+ products via the MT5 platform with no commission and a choice of international payment methods.
Forex Trading
Speculate on 60+ major, minor and exotic currency pairs such as EUR/AUD, USD/JPY and EUR/GBP with leverage up to 1:100. Fees are not the most competitive, with average spreads of between 3 and 5 pips for major forex pairs.
Stock Trading
You can speculate on the price of hundreds of shares spanning US, EU and Asian markets. On the negative side, the $20 minimum commission is higher than the best stock brokers.
CFD Trading
Trade 700+ products as CFDs on the powerful MetaTrader 5 platform. Access leverage up to 1:100 on major forex pairs with a 50% stop-out level on the standard account.
Pros
Multiple deposit methods including credit/debit card, wire transfer, Neteller and Dragonpay
Deposits accepted in all major currencies, though will be converted to USD at current market rates
Free demo account available to practise trading risk-free with $100,000 in virtual funds
No commission when you trade forex, indices and commodities
Some educational content and integrated video tutorials
Cons
High trading fees with average spreads of 4 pips for major currency pairs such as the GBP/USD
Weak regulatory oversight from the LFSA raises safety concerns
No proprietary trading platform or mobile application
Reports of customers' funds being withheld
No live chat support
This review will discuss the Malaysian-based forex broker, Golden Brokers Ltd. We explore its features with information on the trading platform, available markets, fees, regulation, pros, cons and more. Find out whether to open a live account with Golden Brokers.
Headlines
Golden Brokers Limited was founded in 2018. It is regulated by the Malaysian financial regulator Labuan FSC and its headquarters is based in Kuala Lumpur, Malaysia. It is not quite a global broker as many major geographical locations such as France, Germany and Switzerland are restricted, which other brokers for forex and all manner of trading cater to.
Trading Platforms
MetaTrader 5
MT5 is a world-leading platform with many tools and instruments that can be customised to help each user carry out thorough technical analysis and manage their positions. MT5 is a further development of the MetaTrader 4 platform, offering greater functionality, faster processes and a more intuitive layout. This platform is available on your web browser and downloadable on Windows and Mac.
MT5 platform features include:
Copy trading
21 timeframes
One-click trading
Integrated signals
Automated trading
Hedging and netting
38 built-in indicators
6 pending order types
Markets
Forex – Over 60 major, minor and exotic currency pairs
Commodities – 15 commodities, including precious metals and crude oil
Stock CFDs – Large multinational companies such as Apple, Google and Volkswagen
Indices – 14 global equity indices, such as the Dow Jones & FTSE
Trading Fees
Golden Brokers offers quite large spreads, with typical rates around 3-4 pips for major currency pairs like GBP/USD and EUR/GBP. Spreads for indices range from 2 to 50 pips, while commodities sit between 0.07 and 14 pips.
No commissions are charged, though there are overnight swap fees on CFD positions, which sit at a 0.5% charge, with a minimum fee of USD 20. Additionally, there is a dormancy charge of USD 100 for accounts that remain inactive for an entire year.
Mobile Apps
Golden Brokers clients can access mobile trading through the MetaTrader 5 application. This can be downloaded for both Apple (iOS) and Android (APK) devices from the relevant stores, boasting much of the functionality of the desktop versions. The app offers all supported order types, account management systems and asset classes, with 24 analysis tools and 30 indicators.
The broker’s website also links to a proprietary application on the Apple App Store and Google Play Store. However, there is no mention of the functionality of the application, except for the fact that 24/5 customer support is integrated. From the images provided, the application seems sleek, with at least line, area and candlestick chart support.
Payment Methods
Users can make deposits to and withdrawals from their Golden Brokers accounts using bank wire transfers, credit cards, debit cards and online payment services like Neteller. Deposits can be made in any currency, though they will be converted to USD. A minimum deposit limit of USD 100 is imposed.
Leverage
Golden Brokers clients can access leverage for forex pairs, though not for any other assets offered by the broker. All currency pairs have a maximum rate of 1:100, though this is flexible.
Account Types
To open an account with Golden Brokers you will need to provide personal information like your home address and date of birth, as well as income information like annual income and total net worth. Additionally, you must provide documentation showing proof of identity and residence. It is important to note that the broker will only accept transfers of funds from bank accounts listed on the application forms.
Demo Account
Golden Brokers have provided users with the opportunity to practise making trades on their platform and explore the various markets offered with a free demo account. Each account is given USD 100,000 of digital funds to execute forex, commodities, indices and CFD trades in a simulated environment.
Live Accounts
There is a standard live account on the Golden Brokers platform that provides access to the MetaTrader 5 platform and the many financial instruments. There is also the option for an Islamic account, with which users are entitled to 20 calendar days per year that are swap-free.
Regulation
Golden Brokers is regulated by the Labuan Financial Services Authority in Malaysia with License number MB/19/0030.
This means that the company is authorised to conduct its business and must maintain certain industry standards, such as protection of funds, for example. Client funds are kept safe through account segregation with tier-1 banking institutions, meaning that money can be returned if the broker collapses.
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Golden Brokers Reviews 2024
Golden Brokers will appeal to traders looking for high leverage up to 1:1000 in return for limited regulatory safeguards. It will also appeal to traders familiar with MetaTrader 5.
Golden Brokers is a Malaysian headquartered forex and CFD broker established in 2016. The brand is regulated offshore by the Labuan Financial Services Authority. Retail traders can speculate on 700+ products via the MT5 platform with no commission and a choice of international payment methods.
This review will discuss the Malaysian-based forex broker, Golden Brokers Ltd. We explore its features with information on the trading platform, available markets, fees, regulation, pros, cons and more. Find out whether to open a live account with Golden Brokers.
Golden Brokers Limited was founded in 2018. It is regulated by the Malaysian financial regulator Labuan FSC and its headquarters is based in Kuala Lumpur, Malaysia. It is not quite a global broker as many major geographical locations such as France, Germany and Switzerland are restricted, which other brokers for forex and all manner of trading cater to.
Trading Fees
Golden Brokers offers quite large spreads, with typical rates around 3-4 pips for major currency pairs like GBP/USD and EUR/GBP. Spreads for indices range from 2 to 50 pips, while commodities sit between 0.07 and 14 pips.
No commissions are charged, though there are overnight swap fees on CFD positions, which sit at a 0.5% charge, with a minimum fee of USD 20. Additionally, there is a dormancy charge of USD 100 for accounts that remain inactive for an entire year.
Mobile Apps
Golden Brokers clients can access mobile trading through the MetaTrader 5 application. This can be downloaded for both Apple (iOS) and Android (APK) devices from the relevant stores, boasting much of the functionality of the desktop versions. The app offers all supported order types, account management systems and asset classes, with 24 analysis tools and 30 indicators.
The broker’s website also links to a proprietary application on the Apple App Store and Google Play Store. However, there is no mention of the functionality of the application, except for the fact that 24/5 customer support is integrated. From the images provided, the application seems sleek, with at least line, area and candlestick chart support.
Payment Methods
Users can make deposits to and withdrawals from their Golden Brokers accounts using bank wire transfers, credit cards, debit cards and online payment services like Neteller. Deposits can be made in any currency, though they will be converted to USD. A minimum deposit limit of USD 100 is imposed.
Leverage
Golden Brokers clients can access leverage for forex pairs, though not for any other assets offered by the broker. All currency pairs have a maximum rate of 1:100, though this is flexible.
Account Types
To open an account with Golden Brokers you will need to provide personal information like your home address and date of birth, as well as income information like annual income and total net worth. Additionally, you must provide documentation showing proof of identity and residence. It is important to note that the broker will only accept transfers of funds from bank accounts listed on the application forms.
Demo Account
Golden Brokers have provided users with the opportunity to practise making trades on their platform and explore the various markets offered with a free demo account. Each account is given USD 100,000 of digital funds to execute forex, commodities, indices and CFD trades in a simulated environment.
Live Accounts
There is a standard live account on the Golden Brokers platform that provides access to the MetaTrader 5 platform and the many financial instruments. There is also the option for an Islamic account, with which users are entitled to 20 calendar days per year that are swap-free.
Regulation
Golden Brokers is regulated by the Labuan Financial Services Authority in Malaysia with License number MB/19/0030. This means that the company is authorised to conduct its business and must maintain certain industry standards, such as protection of funds, for example. Client funds are kept safe through account segregation with tier-1 banking institutions, meaning that money can be returned if the broker collapses.
Customer Support
The customer service team of Golden Brokers can be contacted via email or telephone, with multilingual support offered, including English, French, German, Chinese and Arabic. The broker can also be contacted on social media like Facebook, LinkedIn, Twitter and the website blog, which are also used for news and announcements.
Additional Features
There is an Education tab on the Golden Brokers website that provides many helpful guides and videos that can be taken advantage of to boost your knowledge and understanding of topics like trading platforms, instruments, CFDs and leverage.
Golden Brokers Verdict
Golden Brokers caters to both new and veteran traders, offering the advanced but intuitive MetaTrader 5 platform alongside a range of educational guides and tutorials. The firm boasts over 100 forex, equity and CFD instruments, which can be traded with 1:100 leverage and low commission charges. However, Golden Brokers does not have the best level of regulation and spreads are not very competitive.
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dependable Forex broker in Malaysia
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Golden Brokers Review
We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms.
To evaluate brokers, we test the accounts, trading tools and services provided. Over 100 data points are considered, from minimum deposits and trading fees to the platforms and apps available. Our broker ratings are also informed by the experience of our researchers during the evaluation process.
Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry.
Golden Brokers Facts & Figures
Golden Brokers is a Malaysian headquartered forex and CFD broker established in 2016. The brand is regulated offshore by the Labuan Financial Services Authority. Retail traders can speculate on 700+ products via the MT5 platform with no commission and a choice of international payment methods.
Golden Brokers is a CFD broker offering the popular MetaTrader 5 platform, thousands of instruments and a mediocre mobile app. In this review, we will explore whether UK traders should invest with Golden Brokers, assessing its market access, fees, regulation and more.
Pros
Multiple deposit methods including credit/debit card, wire transfer, Neteller and Dragonpay
Deposits accepted in all major currencies, though will be converted to USD at current market rates
Free demo account available to practise trading risk-free with $100,000 in virtual funds
No commission when you trade forex, indices and commodities
Some educational content and integrated video tutorials
Cons
High trading fees with average spreads of 4 pips for major currency pairs such as the GBP/USD
Weak regulatory oversight from the LFSA raises safety concerns
No proprietary trading platform or mobile application
Reports of customers' funds being withheld
No live chat support
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The future market is for those who want to hedge their exposure to an underlying market and, at the same time, make huge returns. In contrast, the Spot market is for traders looking forward to making buying and selling decisions with no time constraints.
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