GeTrade Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-08 14:46

Abstract：Gold Elephant Limited is a CGSE-regulated brokerage firm based in Hong Kong, offering precious metals trading via the popular MT4.

Gold Elephant Review Summary
Founded	2016
Headquarters	Hong Kong
Regulation	CGSE
Market Instruments	Gold & Silver
Demo Account	✅($200,000 virtual capital)
Leverage	Up to 200:1
Trading Platform	MT4 Desktop, MT4 Android, MT4 iOS, MT4 Web
Customer Support	24/7 multilingual live chat
	Email: cs@gebullion.com
	Facebook, Instagram, Zalo
	Address: Room 1004, Floor 10, Podium Plaza, 5 Hanoi Road, Tsim Sha Tsui, Kowloon, Hong Kong

Gold Elephant Limited Information

　　Gold Elephant Limited is a CGSE-regulated brokerage firm based in Hong Kong, offering precious metals trading via the popular MT4.

Pros & Cons

Pros	Cons
Regulated by CGSE	No info on trading fees
Demo accounts available	Limited payment options
MT4 supported
24/7 multilingual customer support

Is Gold Elephant Limited Legit?

　　Yes, Gold Elephant Limited operates under the regulatory oversight of the Chinese Gold & Silver Exchange Society (CGSE), with a registration number of 117, which underscores its legitimacy as a financial trading company. The CGSE is a respected organization that ensures its members adhere to strict regulatory standards and ethical practices in the trading of precious metals.

Regulatory Agency	The Chinese Gold & Silver Exchange Society (CGSE)
Regulatory Status	Regulated
Regulated by	Hong Kong
Licensed Institution	巨象金業有限公司
Licensed Type	Type AA License
Licensed Number	117

　　Additionally, Gold Elephant Limited enhances client security by offering segregated accounts for fund security, ensuring that clients' funds are kept separate from the company's operational funds. Furthermore, the provision of Negative Balance Protection is an important feature that safeguards clients from losing more money than they have deposited, preventing clients from falling into debt due to unfavorable trading outcomes.

Trading Products

　　Gold Elephant Limited specializes in the trading of precious metals, focusing primarily on gold and silver—two of the most sought-after commodities in the market.

Leverage

　　Gold Elephant Limited provides its clients with the opportunity to trade gold and silver using leverage up to 200:1.

　　However, while high leverage can increase the chances of higher returns, it also raises the stakes of potential losses. Therefore, it's crucial for traders to employ careful risk management strategies and consider their risk tolerance when utilizing leverage.

Trading Platform

　　Gold Elephant Limited provides the widely used MT4 (MetaTrader 4) platform, catering to international traders. With MT4, users can trade seamlessly on computers, mobile phones, and tablets. The platform boasts over 80 embedded technical indicators and analysis tools. MT4 is a versatile and accessible choice for traders seeking a reliable trading experience.

Trading Platform	Supported	Available Devices	Suitable for
MT4	✔	Desktop, Mobile	Beginners
MT5	❌	/	Experienced traders

Deposit & Withdrawal

　　Gold Elephant Limited claims to support 24-hour deposits and withdrawals, but payment options are very limited, only bank transfers,ERC20 and TRC20 tokens. Other popular payment methods like credit/debit cards and e-wallets are not supported.

　　Note that the availability of these payment methods may vary depending on the trader's jurisdiction.