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Spring Gold Market -

Score

5.77 /10
Average

Spring Gold Market

Australia

2-5 years

Regulated in Australia

Institution Forex License (STP)

MT4 Full License

Regional Brokers

Suspicious Overrun

Medium potential risk

https://springgold.net/en

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Score

Regulatory Index5.08

Business Index5.94

Risk Management Index7.63

Software Index6.91

License Index5.08

Time Machine
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Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

Spring Gold Market Limited

Company Abbreviation

Spring Gold Market

Platform registered country and region

Australia

Company website

Company summary

Pyramid scheme complaint

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WikiFX Risk Alerts 2
Previous Detection : 2024-09-25
  • This broker exceeds the business scope regulated by Australia ASIC(license number: 664 218 393)Administration of Industry and Commerce-Register Non-Forex License. Please be aware of the risk!
  • The AustraliaASIC (Regulatory number: 545560) Institution Forex License (STP) held by belongs to the scope of institutional business, excluding retail business. It cannot open accounts for individual investors. Be aware of the risks!

WikiFX Verification

Spring Gold Market · Company summary

risk warning

Trading online involves significant risks and you could lose all of your invested capital. It is not suitable for all traders or investors. Please ensure you understand the risks involved and note that the information contained in this article is for general information only.

Basic Information and Regulations

basic details
Supervision Under supervision
market tool Foreign exchange, oil and spot precious metals
account type standard account
demo account supply
maximum leverage 1:400
Spread (EUR/USD) N/A
Mercenary N/A
trading platform MT4
Entry threshold 100 dollars
Deposit and withdrawal method N/A

Spring Gold Market, full name Spring Gold Market Limited , is a foreign exchange broker registered in Australia in 2022, claiming to provide its customers with a variety of tradable financial instruments through the mt4 trading platform, with a leverage of up to 1:400, and also provides 24/5 customer support services. Here is the homepage of the broker’s official website:

官網主頁

As for the regulatory situation, Spring Gold Market Subject to the normal regulation of the Australian Securities and Investments Commission. That's why its regulatory status on wikifx is listed as "Regulating" with a high score of 4.77/10.

基本資訊與法規

NOTE: Screenshot dated January 6, 2023. WikiFX is a dynamic score, which will track the dynamic real-time score of traders. The score captured at the current time does not represent the past and future scores.

監管證書

market tool

Spring Gold MarketIt advertises that it provides a variety of financial products, covering foreign exchange, oil and spot precious metals.

account type

Spring Gold MarketProvide analog account and real account. The demo account has $20,000 in virtual currency, and the real account opening threshold is $100.

賬戶類型

lever

Spring Gold MarketOffered leverage up to 1:400. However, by regulation, UK and Australian brokers are required to limit their clients to 1:30, while US brokers cannot offer more than 1:50. Remember, the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can work to your advantage or against you.

trading platform

Spring Gold MarketThe platform available for trading is the most noteworthy and preferred trading platform on the market - metatrader4, available for desktop, iphone and android. Due to its ease of use and powerful features, mt4 is highly praised by traders and brokers, offering top-notch charts and flexible customization options. It is also particularly popular for its automated trading robots (aka smart trading systems).

customer support

E-mail: cs@springgold.net;

位址：RM 1517, 15F Amiata Industrial Building, 58 Lei Muk Road, Kwai Chung, Hong Kong。

Advantages and disadvantages

advantage shortcoming
• Regulated • Did not disclose information such as specific transaction conditions, deposit and withdrawal methods, etc.
• Offer demo account
• MT4 trading platform is available

common problem

Q 1: Spring Gold MarketIs it regulated?
A 1: Spring Gold MarketSubject to the normal regulation of the Australian Securities and Investments Commission.
Q 2: Spring Gold MarketIs a demo account available?
A 2: supply.
Q 3: Spring Gold MarketDoes it support mt4 and mt5 trading platforms?
A 3: Support MT4.
Q 4: Spring Gold MarketWhat is the deposit threshold?
A 4: The deposit threshold is $100.
Q 5: Spring Gold MarketIs it friendly to newbies?
A 5: Spring Gold MarketIt is legally regulated and also provides mt4 demo accounts. The $100 deposit threshold is still friendly to novices, but the problem is that their trading conditions are not transparent enough, and they do not directly mention the deposit and withdrawal methods on the website. recommend.

User Reviews

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User comment

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Comments

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Oliver Harrious
more than one year
The fees for holding trades overnight are fair. I don't mind paying because they're not too high. I like that the costs are clear. Multiple trading platform choices and various trading tools really surprised me！
The fees for holding trades overnight are fair. I don't mind paying because they're not too high. I like that the costs are clear. Multiple trading platform choices and various trading tools really surprised me！
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2024-05-22 11:16
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ᴀʜ тοяиɢ
more than one year
SpringGold is a reliable platform with excellent trading conditions. I appreciate their variety of instruments and transparency. Having access to multiple platforms lets me trade anywhere. Their customer service is commendable and the multiple account types cater to different trading styles.
SpringGold is a reliable platform with excellent trading conditions. I appreciate their variety of instruments and transparency. Having access to multiple platforms lets me trade anywhere. Their customer service is commendable and the multiple account types cater to different trading styles.
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2024-03-07 12:30
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