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No Regulation
Score
1.45 /10
Danger
Goldenrodfx
2-5 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
Add brokers
Comparison
Expose
Exposure
Time Machine
Website
Score
Regulatory Index0.00
Business Index6.57
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
open now
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Warning: Low score, please stay away!
Previous Detection :
2024-12-28
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
Note: Goldenrodfx's official website - https://goldenrodfx.com/ is currently inaccessible normally.
| Goldenrodfx Review Summary | |
| Founded | 2020 |
| Registered Country/Region | Seychelles |
| Regulation | No regulation |
| Market Instruments | 250+ |
| Demo Account | ✅ |
| Leverage | Up to 1:200 |
| EUR/USD Spread | From 6 pips |
| Trading Platform | Web |
| Min Deposit | / |
| Customer Support | Email: support@goldenrodfx.com |
| Address: Suite 1, Second Floor, Sound & Vision House, Francis Rachel Str., Victoria, Mahe, Seychelles | |
Goldenrodfx Information
Founded in 2020, Goldenrodfx is an unregulated broker registered in Seychelles, offering more than 250 trading instruments with leverage up to 1:200 and spread from 6 pips on the web-based trading platform.
Pros and Cons
| Pros | Cons |
| Demo accounts | Inaccessible website |
| Multiple account types | No regulation |
| Wide spreads | |
| No MT4/MT5 platform | |
| Unclear minimum deposit | |
| Unknown payment options | |
| Only email support |
Is Goldenrodfx Legit?
No. Goldenrodfx currently has no valid regulations. Please be aware of the risk!
Account Type
Here are three account types Goldenrodfx offers:
| Account Type | Max Deposit |
| Premium | $2,000 |
| Advanced | $1,000 |
| Beginner | $250 |
Leverage
Goldenrodfx offers max leverage capped at 1:200. Since leverage, can amplify both profits as well as losses, choosing the right amount is a key risk determination for traders.
Spread
As tested at Goldenrodfxs demo web account, the spread for the benchmark EUR/USD pair was floating around 6 pips, which is much higher than those regulated brokers.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| Web-based platform | ✔ | / | / |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
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