Spring Gold Market Spreads, leverage, minimum deposit Revealed
WikiFX | 2024-12-05 11:30Abstract： 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.
| Spring Gold Market Review Summary | |
| Founded | More than ten years |
| Registered Country/Region | Australia |
| Regulation | ASIC |
| Market Instruments | ForexIndicesSharesCommoditiesCrypto |
| Demo Account | ✅ |
| Leverage | Up to 1:200（Retail clients）Up to 1:500 (Professional clients) |
| Spread | From 0.0 pips |
| Trading Platform | MT4 |
| 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.
Pros and Cons
| Pros | Cons |
| Available demo accounts | MT5 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.
| Regulator | Regulatory Status | Licence Type | Licence Number |
| ASIC (Australian Securities & Investments Commission) | Regulated | Appointed Representative(AR) | 001295686 |
| ASIC (Australian Securities & Investments Commission) | Exceeds business scope | Common Business Registration | 664 218 393 |
| ASIC (Australian Securities & Investments Commission) | Suspected clone | Straight Through Processing(STP) | 545560 |
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 Instruments | Supported |
| Forex | ✔ |
| Shares | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Cryptos | ✔ |
| ETF | ❌ |
| Bonds | ❌ |
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.
| ECN | Standard | |
| Commission (FX Only) | From 3 USD (per lot, per side) | No commission |
| Spreads | Raw (from 0) | Variable |
| Max Leverage for Retail Clients | 1:200 | 1:200 |
| Max Leverage for Professional Clients | 1:500 | 1:500 |
| Stop Out Level (Retail) | 50% | 50% |
| Stop Out Level (Professional) | 20% | 20% |
Spring Gold Market Fees
| Symbol | Description | Min Spread | Share Category | Commission per Side | Minimum Commission |
| EURUSD | Euro vs US Dollar | 0 | - | - | - |
| GBPUSD | Great Britain Pound vs US Dollar | 7 | - | - | - |
| USDJPY | US Dollar vs Japanese Yen | 2 | - | - | - |
| AUDUSD | Australian Dollar vs US Dollar | 1 | - | - | - |
| USDCAD | US Dollar vs Canadian Dollar | 5 | - | - | - |
| USDCHF | US Dollar vs Swiss Franc | 3 | - | - | - |
| EURGBP | Euro vs Great Britain Pound | 6 | - | - | - |
| XAUUSD | Gold vs US Dollar | 0.5 | - | - | - |
| XAGUSD | Silver vs US Dollar | 1 | - | - | - |
| SpotBrent | Brent Crude vs US dollar | 2.5 | - | - | - |
| SpotCrude | WTI Cash (or Spot) Contract | 2.5 | - | - | - |
| Gasoline | Gasoline Cash Contract | 8 | - | - | - |
| NatGas | Natural Gas vs US Dollar | 0.5 | - | - | - |
| Coffee | Coffee Cash Contract | 3.4 | - | - | - |
| AUS200 | S&P/ASX 200 Index | 1 | Australia Share CFDs | 0.07% | No minimum commission |
| US500 | S&P 500 Index | 0.4 | US Share and ETF CFDs | 0.02 USD per share | No minimum commission |
| US30 | Dow Jones Industrial Average Index | 2 | US Share and ETF CFDs | 0.02 USD per share | No minimum commission |
| GER40 | Germany DAX 40 Index | 0.9 | German Share CFDs | 0.10% | No minimum commission |
| NAS100 | Nasdaq-100 Index | 1 | US Share and ETF CFDs | 0.02 USD per share | No minimum commission |
| CN50 | FTSE China A 50 Index | 10 | - | - | - |
| UK100 | FTSE 100 Index | 1 | UK Share CFDs | 0.10% | No minimum commission |
| JPN225 | Nikkei 225 Index | 8 | - | - | - |
| - | - | - | Hong Kong Share CFDs | 0.20% | 45 HKD |
| Trading Account Currency | Commission per 0.01 Lot (1000 Base Currency) | Commission per 1 Lot (100,000 Base Currency) |
| USD | USD 0.04 (USD 0.08 round trip) | USD 3.50 (USD 7 round trip) |
| EUR | EUR 0.03 (EUR 0.06 round trip) | EUR 2.60 (EUR 5.20 round trip) |
| GBP | GBP 0.02 (GBP 0.05 round trip) | GBP 2.25 (GBP 4.50 round trip) |
| CHF | CHF 0.03 (CHF 0.06 round trip) | CHF 3.30 (CHF 6.60 round trip) |
| AUD | AUD 0.04 (AUD 0.08 round trip) | AUD 3.50 (AUD 7 round trip) |
| JPY | JPY 3 (JPY 6 round trip) | JPY 303 (JPY 607 round trip) |
| NZD | NZD 0.04 (NZD 0.09 round trip) | NZD 4.75 (NZD 9.50 round trip) |
| SGD | SGD 0.05 (SGD 0.10 round trip) | SGD 4.55 (SGD 9.10 round trip) |
| HKD | HKD 0.28 (HKD 0.56 round trip) | HKD 28.17 (HKD 56.34 round trip) |
| CAD | CAD 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 Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | IOS, Android, iPad, PC | Traders |
| MT5 | ❌ | / |
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.
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