Gold Trade

GoldTrade Information

GoldTrade, founded in 2010 and headquartered in the UAE, offers an online bullion platform that sells gold, silver, and gemstones to retail and investment clients. While it offers a wide range of account types and convenient digital access, the firm is unregulated, which has trading risks.

Pros and Cons

Is GoldTrade Legit?

GoldTrade is not licensed or overseen by any regulatory authority in its registered location (United Arab Emirates). Additionally, it does not hold licenses from major international regulators such as the FCA (UK), ASIC (Australia), CySEC (Cyprus), or CFTC/NFA (US).

Products and Services

GoldTrade offers an online bullion store providing physical precious metals, including gold bars, coins, and gemstones, for retail and investment customers.

Account Type

GoldTrade has many live account types geared to individuals, businesses, and savings programs, as well as an IB (Introducing Broker) account. It also has a demo account for practice, but no mention of an Islamic account.

GoldTrade Fees

GoldTrade promises to have cheaper fees than the traditional gold shop business, with minimum redemption (conversion) fees and acceptable prices for online gold buying and selling.

Trading Platform

Deposit and Withdrawal

GoldTrade does not clearly state if it charges deposit or withdrawal fees, and the minimum deposit is not mentioned.

Deposit Options

Withdrawal Options