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Score

2.14 /10
Danger

Spring Gold Market

Australia

2-5 years

Regulated in Australia

Common Business Registration

Suspicious Scope of Business

Suspicious Overrun

Medium potential risk

https://springgold.net/en

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Score

Regulatory Index1.25

Business Index6.08

Risk Management Index0.00

Software Index4.00

License Index1.25

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Warning: Low score, please stay away! 2
Previous Detection : 2024-12-29
  • 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 regulation (license number: 000545560) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

Spring Gold Market · Company summary
Spring Gold Market Review Summary
FoundedMore than ten years
Registered Country/RegionAustralia
RegulationASIC
Market InstrumentsForexIndicesSharesCommoditiesCrypto
Demo Account✅
LeverageUp to 1:200（Retail clients）Up to 1:500 (Professional clients)
SpreadFrom 0.0 pips
Trading PlatformMT4
Min Deposit$200
Live Chat
Physical Address: Suite 5, Level 23, 25 Martin Place, Sydney NSW 2000 Australia
Email:info@springgoldmarket.comadmin@springgoldmarket.com
Social Media: YouTube, Facebook, Linkedin, Twitter

Spring Gold Market Information

Spring Gold Market is an Australia brokerage founded more than ten years. Currently, it is a broker regulated by the ASIC. It says it offers five asset classes, including shares, forex, indices, commodities, and cryptocurrencies, and it also supports the use of the demo account and MT4 platforms.

Spring Gold Market Information

Pros and Cons

ProsCons
Available demo accountsMT5 is not supported
24/7 service
Spread from 0 pip
Support MT4
1200+ instruments

Is Spring Gold Market Legit?

Spring Gold Market is under the regulation of the Australian Securities & Investments Commission (ASIC), holding License number 001295686.

This broker exceeds the business scope regulated by Australia ASIC(license number: 664 218 393)Administration of Industry and Commerce-Register Non-Forex License.

The Australia ASIC regulation (license number: 545560) claimed by this broker is suspected to be a clone.

RegulatorRegulatory StatusLicence TypeLicence Number
ASIC (Australian Securities & Investments Commission)RegulatedAppointed Representative(AR)001295686
ASIC (Australian Securities & Investments Commission)Exceeds business scopeCommon Business Registration664 218 393
ASIC (Australian Securities & Investments Commission)Suspected cloneStraight Through Processing(STP)545560
Is Spring Gold Market Legit?
Is Spring Gold Market Legit?
Is Spring Gold Market Legit?

What Can I Trade in Spring Gold Market?

Spring Gold Market offers 1200+ instruments. It offers five asset classes, including Shares, Forex, Indices, Commodities, and cryptocurrencies.

Tradable InstrumentsSupported
Forex✔
Shares✔
Commodities✔
Indices✔
Cryptos✔
ETF❌
Bonds❌
What Can I Trade in Spring Gold Market?
What Can I Trade in Spring Gold Market?

Account Types

Spring Gold Market offers demo accounts.

Both standard and ENC accounts are available for traders.

Commissions are only charged on ECN accounts (from 3 USD)when trading CFDs on Forex.

Spreads on ECN accounts start from 0, while spreads on standard accounts are variable.

Max Leverage for Retail Clients is 1:200, but Max Leverage for Professional Clients is as high as 1:500. Higher leverage means higher risk.

ECNStandard
Commission (FX Only)From 3 USD (per lot, per side)No commission
SpreadsRaw (from 0)Variable
Max Leverage for Retail Clients1:2001:200
Max Leverage for Professional Clients1:5001:500
Stop Out Level (Retail)50%50%
Stop Out Level (Professional)20%20%
Account Types

Spring Gold Market Fees

SymbolDescriptionMin SpreadShare CategoryCommission per SideMinimum Commission
EURUSDEuro vs US Dollar0---
GBPUSDGreat Britain Pound vs US Dollar7---
USDJPYUS Dollar vs Japanese Yen2---
AUDUSDAustralian Dollar vs US Dollar1---
USDCADUS Dollar vs Canadian Dollar5---
USDCHFUS Dollar vs Swiss Franc3---
EURGBPEuro vs Great Britain Pound6---
XAUUSDGold vs US Dollar0.5---
XAGUSDSilver vs US Dollar1---
SpotBrentBrent Crude vs US dollar2.5---
SpotCrudeWTI Cash (or Spot) Contract2.5---
GasolineGasoline Cash Contract8---
NatGasNatural Gas vs US Dollar0.5---
CoffeeCoffee Cash Contract3.4---
AUS200S&P/ASX 200 Index1Australia Share CFDs0.07%No minimum commission
US500S&P 500 Index0.4US Share and ETF CFDs0.02 USD per shareNo minimum commission
US30Dow Jones Industrial Average Index2US Share and ETF CFDs0.02 USD per shareNo minimum commission
GER40Germany DAX 40 Index0.9German Share CFDs0.10%No minimum commission
NAS100Nasdaq-100 Index1US Share and ETF CFDs0.02 USD per shareNo minimum commission
CN50FTSE China A 50 Index10---
UK100FTSE 100 Index1UK Share CFDs0.10%No minimum commission
JPN225Nikkei 225 Index8---
---Hong Kong Share CFDs0.20%45 HKD
Trading Account CurrencyCommission per 0.01 Lot (1000 Base Currency)Commission per 1 Lot (100,000 Base Currency)
USDUSD 0.04 (USD 0.08 round trip)USD 3.50 (USD 7 round trip)
EUREUR 0.03 (EUR 0.06 round trip)EUR 2.60 (EUR 5.20 round trip)
GBPGBP 0.02 (GBP 0.05 round trip)GBP 2.25 (GBP 4.50 round trip)
CHFCHF 0.03 (CHF 0.06 round trip)CHF 3.30 (CHF 6.60 round trip)
AUDAUD 0.04 (AUD 0.08 round trip)AUD 3.50 (AUD 7 round trip)
JPYJPY 3 (JPY 6 round trip)JPY 303 (JPY 607 round trip)
NZDNZD 0.04 (NZD 0.09 round trip)NZD 4.75 (NZD 9.50 round trip)
SGDSGD 0.05 (SGD 0.10 round trip)SGD 4.55 (SGD 9.10 round trip)
HKDHKD 0.28 (HKD 0.56 round trip)HKD 28.17 (HKD 56.34 round trip)
CADCAD 0.04 (Note: Round trip not explicitly stated, assumed CAD 0.08 if similar pattern)CAD 3.50 (CAD 7 round trip, assuming same as USD for simplicity)

Swap rates are rollover interest rates (that's earned or paid) for holding positions overnight. Spring Gold Market make an interest adjustment to your account, which is either a debit or a credit, to reflect the cost of funding your position.

When it comes to opening an account, Spring Gold Market gives clear and easy steps. You may refer to: Create an account-verify account-fund-trade.

Trading Platform

Spring Gold Market offers traders the MetaTrader 4 platform.

Trading PlatformSupportedAvailable DevicesSuitable for
MT4✔IOS, Android, iPad, PCTraders
MT5❌/
Trading Platform

Deposit & Withdrawal

The minimum deposit for this broker is $200.

Spring Gold Market supports 5 payment methods, among which payment methods include Bank transfer, USDT, Neteller, Skrill, Union Pay.

Withdrawal requests received after 21:00 Greenwich Mean Time (GMT) will be processed the following day. If these requests are received before 07:00 Australian Eastern Standard Time (AEST) they will be processed on the same day.

Due to third party trading regulations, funds can only be returned to a bank account in the same name as (or in conjunction with) your Spring Gold trading account. Any international wire transfer (TT) fees charged by the banking institution will be passed on to the customer. Most international wire transfer fees are approximately $20.

Withdrawals via bank wire transfer usually take 3-5 business days to reach your account.

Deposit & Withdrawal

User Reviews

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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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