Note: G-LINK's official site - https://goldenfxlink.com/en-US/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
What Is G-LINK？
G-LINK, operated by Golden FX Link Capital Co., Ltd., is a broker based in Cambodia. However, it appears that the company's regulatory status with SERC (Securities and Exchange Regulator of Cambodia) has exceeded, and its website is no longer functional either.
Pros & Cons
Pros:
Cons:
Exceeded Regulation: G-LINK has exceeded regulations. This is a red flag for traders, as it raises concerns about the platform's reliability and safety of your funds.
High Commission Charged: G-LINK charges high commission fees, which significantly eat into your profits.
Limited Market Instruments: G-LINK offers a limited selection of tradable instrumes, which will stop users who want a wider range of products from trading with G-LINK.
Dead Website: G-LINK's website is unavailable. This is a major concern, as a functioning website is essential for any online broker. The lack of an accessible website raises questions about the platform's legitimacy and makes it difficult to access information about the company or your account.
Is G-LINK Safe or Scam？
Regulatory Sight: The regulatory status of G-LINK, operated by Golden FX Link Capital Co., Ltd., is listed as “Exceeded” by the Securities and Exchange Regulator of Cambodia (SERC). It holds a Common Financial Service License issued by Cambodia. However, specific license numbers are undisclosed.
Issues Reported: Users have reported difficulties withdrawing funds from their accounts with G-LINK. The platform requested additional deposits, and the user's account was eventually blocked, preventing them from accessing their funds.
Market Instruments
G-LINK offers a limited range of market instruments, primarily focused on Forex currency pairs, along with options to trade precious metals and crude oil. While these assets provide opportunities for trading in major financial markets, the selection is narrow compared to platforms offering a more diverse range of instruments, limiting the variety of trading opportunities available to users.
Leverage
G-LINK provides leverage to traders with a maximum ratio of 1:100. This leverage enables users to amplify their trading positions by a factor of up to 100 times their initial investment. It offers the potential for increased profits but also entails higher risk, as losses can exceed the initial investment due to the magnified effect of leverage.
Commissions
G-LINK charges a commission of $50 per lot traded. This fee structure is considered relatively expensive compared to industry standards. Traders should take into account these commission costs when executing trades, as they can significantly impact overall profitability, especially for high-volume traders.
Trading Platform
G-LINK provides the MetaTrader 4 (MT4) trading platform, a widely used and popular platform in the forex industry. MT4 offers a user-friendly interface with advanced charting tools, technical indicators, and customizable trading strategies. Traders can execute trades, analyze market trends, and manage their positions efficiently using MT4. Additionally, MT4 is available for desktop, web, and mobile devices, providing traders with flexibility and accessibility to the markets from anywhere at any time.
Deposit & Withdrawal
G-LINK offers two ways to deposit funds:
Bank transfer: You can transfer money from your bank account to a G-LINK bank account. The account details, including numbers and addresses, are available on their official website.
Cash deposit: You can also make a cash deposit at a G-LINK bank account. Again, the account details are on their website.
There are two options for withdrawing funds from G-LINK:
G-LINK processes withdrawal requests received before 12:00 noon local time in Cambodia on the same business day. Requests received after 12:00 noon will be processed on the next business day.
Customer Support
G-LINK offers comprehensive customer support to its users through various channels. Users can reach out to their support team via telephone at +85023226666 or through email at enquiry@goldenfxlink.comfor assistance with inquiries or issues.
Additionally, G-LINK maintains an active presence on social media platforms such as Facebook and YouTube, providing users with additional avenues to connect, seek assistance, or stay updated on company news and announcements.
Furthermore, users can visit their physical office located at Unit 505, 5/F Golden Tower, Street 215, Sangkat Veal Vong, Khan 7 Makara, Phnom Penh, Cambodia, for in-person assistance or consultations.
Conclusion
G-LINK is a broker with exceeded regulation, who charges high commissions and provides only limited market instruments. G-LINK operates without normal regulations and an available website. In this case, we do not recommend users to trade with this broker.
Frequently Asked Questions (FAQs)
Q: Is G-LINK regulated or not？
A: Yes, it is regulated, but with an “exceeded” regulation.
Q: Is there a commission charged？
A: Yes, there is a commission of $50 per lot.
Q: Does G-LINK support MT4/5？
A: Yes, it does support MT4.
Q: What is the maximum leverage G-LINK can provide？
A: The maximum leverage it can provide is 1:100.
Q: What is the minimum deposit required for trading with G-LINK？
A: It's $250.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
2022-11-28 10:37
2022-11-25 14:58
