Score

1.51 /10
Danger

Goldex

United Kingdom

5-10 years

Suspicious Regulatory License

High potential risk

D

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Comparison

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Exposure

Time Machine
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Score

Regulatory Index0.00

Business Index7.01

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Warning: Low score, please stay away! 2
Previous Detection : 2024-11-12
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Goldex · Company summary

Note: Goldexs official website: https://goldexapp.com/ is currently inaccessible normally.

Goldex Review Summary
Founded2017
Registered Country/RegionUnited Kingdom
RegulationUnregulated
Market InstrumentsPhysical Gold
Demo Account
Leverage/
Spread/
Trading PlatformMobile App (24/7 access for gold trading)
Min Deposit£20,000
Customer SupportEmail: support@goldexapp.com
Phone: +44 (0) 203 287 2878

Goldex Information

Established in 2017, Goldex is a gold trading platform with UK headquarters. Operating in the physical gold trading market, it provides safe vault storage for deposits. The business offers a mobile app giving 24/7 access to the gold market. Goldex is unregulated and requires a high minimum deposit, which can restrict availability to some traders.

Pros and Cons

Pros Cons
24/7 mobile app access for trading convenienceUnregulated
Secure storage options for physical goldHigh minimum deposit of £20,000
£5 withdrawal fee for each transaction
No demo account available
Limited information on trading conditions like spreads and leverage

Is Goldex Legit?

Currently, Goldex does not hold any regulatory licenses in United Kingdom or any major jurisdictions like the FCA, ASIC, or other significant financial authorities.

Is Goldex Legit?

Goldexapp.com was registered on March 8, 2017, last updated on March 9, 2024, and expires on March 8, 2025, with a clientTransferProhibited status.

Is Goldex Legit?

What Can I Trade on Goldex?

Goldex just provides trade in physical gold; storage alternatives for extra security come from high-security vaults. Without access to other asset kinds as FX, equities, or cryptocurrencies, the platform just addresses gold investment.

Tradable Instruments Supported
Physical Gold
Forex
Commodities
Crypto
CFD
Indexes
Stock

Account Types

Goldex presents two account choices to customers:

Lite Registration gives access to explore the features of the app but does not permit gold purchases. Users may trade by upgrading to Full registration.

Full Registration calls for extra KYC checks for deposits exceeding £250 and extra verification. lets consumers buy and keep actual gold.

Goldex Fees

Goldex charges a commission of 0.75% per transaction (buy or sell), totaling 1.5% for a full transaction cycle.

Fee TypeCharge
Trading Commission0.75% per transaction
Vaulting and Insurance0.02% per month (min £3.75)

Non-Trading Fees

Non-trading Fees
Deposit FeeNone
Withdrawal Fee£5
Inactivity FeeNone

Trading Platform

Trading PlatformSupported Available Devices Suitable for what kind of traders
Goldex Mobile AppMobileGold investors seeking 24/7 access

Deposit and Withdrawal

Goldex charges no fees for deposits; the minimum deposit is £20,000. Withdrawal pays a £5 fee. Deposits exceeding £250 require KYC verification; users can deposit using a debit card or bank transfer.

Deposit Options Min. DepositFees Processing Time
Bank Transfer£250FreeUp to 2 working days
Debit Card£250FreeInstant
Withdrawal FeeN/A£5Up to 3 working days

User Reviews

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FX1565023719
more than one year
Feeling let down by Goldex. Thought it was different from GPP Markets, but withdrawal issues surfaced. Changing the name doesn't change the game—seems like they're still playing tricks. Be cautious, do your research before diving in.
Feeling let down by Goldex. Thought it was different from GPP Markets, but withdrawal issues surfaced. Changing the name doesn't change the game—seems like they're still playing tricks. Be cautious, do your research before diving in.
Translate to English
2023-12-20 18:47
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