Welcome to our series of reviews of trading websites. Today we are going to be looking into the Golden Brokers website – design, services, trading platform, etc. Enjoy!
Web designers of broker webs usually choose between two themes, either fresh and dynamic or calm and conservative. This web is an example of the latter. Color pallet is simple and there is a limited, but rather factual flow of text. Orientation on the website is thus very simple and intuitive.
News and other information
There is a pretty good news service with new post every day. These posts inform about the most important things happening in relevant fields. As for education, there are a few posts describing the basics of trading with a major focus on forex. Such combination is suitable for new traders as they need a proper introduction to financial world. More demanding traders will have to look for other news portals to get all the necessary information relevant for trading.
Golden Brokers offers trading of forex, commodities, indices and shares. The main advantage of this broker is a broad offer range of possible leverage trading. Maximum legal leverage for forex 1:500 is available with this broker. Be careful. Trading with a 1:500 might lead to huge profits but it naturally comes with a considerable risk.
As for fees, there is no universal spread; instead each instrument has its own. Minimum deposit is 500 dollars which is on the lower end of the scale. There is also a fee for overnight trading.
There is a choice between web based and app based (phones and desktops) client. In both cases, trading is done via standard MetaTrader 5. Both of the versions use simple, yet fairly efficient design. Golden Brokers offer a demo account that is ideal for new traders. To create a demo account, you need to enter your name, surname, email and telephone number (there is no validation for any of it). Afterwards, you almost immediately get an email with your login data and a link to download the desktop application should you want to use it.
MetaTrader 5 is rather austere, but efficient. There is a possibility to allow one click trading, which allows for a very fast placing of orders, just be careful you decide to enable it. Few unintentional clicks could lead to disaster. In this case you simply specify the amount and click on buy or sell respectively. The other alternative is to click on the new order button to call up a window with more customization options. These include selecting between the type of the trade (Pending Order or Market Execution) and the customization of the order itself such as volume, stop loss etc.
There is a limited amount of information available such as charts over time and trading sentiment, but there are impressive customization possibilities with various charts, lines and grids. Features like this are present all over the platform and they help traders a lot.
Conclusion and information about broker
This website is a good choice for informed and capable traders. The broad range of possible leverage trading is certainly an advantage. But caution with high leverage trading must be exercised.
Golden Brokers is based in Vanuatu, which means that they fall under less restrictive regulatory framework than most companies based in member states of the EU, or in US. Once again, this broker offers trading with low to high risks that have potential for a very high reward. The company can be contacted by phone, mail or via customer support.
Overall assessment: 1-