JinDao Spreads, leverage, minimum deposit Revealed

WikiFX | 2023-09-26 20:09

Abstract：JinDao Precious Metals is a company providing precious metals physical advisory services to professional institutions, incorporated in Hong Kong in 2009, is an electronic trading dealer (dealer number 74) recognized by the Chinese Gold and Silver Exchange Society and holds a valid business license for Category A1 market trading, providing precious metals trading services including gold buying, position storage and gold collection.

　　Note: JinDao's official website https://pm.gwghk.com/hk/ is currently inaccessible normally.

JinDao Review Summary
Founded	2003
Registered Country/Region	Hong Kong
Regulation	Not Regulated
Market Instruments	Forex, Metal, Energy
Demo Account	Not Mentioned
Leverage	Up to 1:400
Spread	From 0.8 pips
Trading Platform	Meta Trader 4
Min Deposit	$100
Customer Support	852 - 3719 2500
Customer Support	pmhkcs@gwghk.com

JinDao Information

　　JinDao is an unregulated financial company offering trading services primarily through the Meta Trader 4 platform, focusing on forex, metal, and energy instruments. The company provides three account types with a minimum deposit of $100 and all offering leverage up to 1:400, and spread starts from 0.8 pips. However, the official website is inaccessible.

Pros and Cons

Pros	Cons
Supports Meta Trader 4	Lack of regulation
Offers three account types	Inaccessible Website
High leverage up to 1:400

Is JinDao Legit?

　　JinDao has a Type A1 License regulated by the Chinese Gold and Silver Exchange Society (“CGSE”) in Hong Kong with a license number of 074.

Regulatory Status	Unsubscribed
Regulated by	Chinese Gold and Silver Exchange Society (“CGSE”)
Licensed Institution	金道貴金屬有限公司
Licensed Type	Type A1 License
Licensed Number	074

What Can I Trade on JinDao?

　　JinDao offers many tradable assets, mainly including Forex, Metal, and Energy.

Tradable Instruments	Supported
Forex	✔
Metals	✔
Energy	✔
Indices	❌
Cryptocurrency	❌
Shares	❌
Options	❌

Account Type

　　JinDao offers three distinct account types: Standard, Pro, and VIP. You can refer to the table for details.

Account Type	Minimum Deposit	Spreads	Commissions	Leverage
Standard	$100	From 1.8 pips	From $0.07 per lot	Up to 1:400
Pro	$500	From 1.2 pips	From $0.03 per lot	Up to 1:400
VIP	$10,000	From 0.8 pips	From $0.01 per lot	Up to 1:400

JinDao Fees

　　JinDao offers spreads starting from 1.8 pips, 1.2 pips, and 0.8 pips for Standard, Pro, and VIP accounts respectively. It charges the lowest commissions for VIP accounts from $0.01 per lot.