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Spring Gold Market Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-05 11:30

Abstract： 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.