Score

1.41 /10
Danger

Spring Gold Market

United States

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Score

Regulatory Index0.00

Business Index6.26

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

No valid regulatory information, please be aware of the risk

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Warning: Low score, please stay away!
Previous Detection : 2024-12-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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Spring Gold Market · Company summary
Spring Gold Market Review Summary
Founded/
HeadquartersChina
RegulationNo regulation
Tradable AssetsForex, commodities, indices, shares
Demo Account/
LeverageUp to 1:200 (retail)/1:500 (professional)
EUR/USD Spread0 pips
Trading PlatformMetaTrader 4 (MT4)
Min DepositUSD$200
Customer SupportService time: 24/7 multilingual
Tel: +1786 628 1209
Email: info@springgold.net

Overview of Spring Gold Market

Spring Gold Market, established in China, offering trading on forex, indices, commodities, and shares. Traders can access these assets via the MetaTrader 4 (MT4) trading platform. The minimum deposit requirement to open a live account is USD$200.

However, it's crucial to acknowledge that Spring Gold Market operates without regulatory oversight.

Spring Gold Market's homepage

Pros and Cons

ProsCons
  • Diverse range of trading instruments
  • Operates without regulatory oversight
  • Utilizes the popular MetaTrader 4 platform
  • High minimum deposit
  • Provides multi-lingual 24/7 support
  • Multiple deposit and withdrawal methods

Is Spring Gold Market Legit?

No. Spring Gold Market currently has no valid regulations. Please be aware of the risk!

No license

Trading Instruments

Tradable Instruments Supported
Forex
Commodities
Indices
Shares
Cryptocurrencies
Bonds
Options
ETFs
Trading Instruments

Account Type

Spring Gold Market offers two account types: Standard and ECN. The base currencies are AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, and HKD.

Account TypeMin Deposit
StandardUSD$200
ECNUSD$200
All accounts included

Account comparison

Leverage

For retail clients, both ECN and Standard accounts come with a maximum leverage of 1:200. While for professional clients, the maximum leverage is higher, set at 1:500. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spread and Commission

Account TypeSpreadCommission (FX Only)
StandardVariableFrom 3 USD per lot per side
ECNRaw (from 0)

You can find more detailed info on spreads and commissions in the screenshot below:

Spread

Commissions

Trading Platform

Trading PlatformSupportedAvailable DevicesSuitable for
MT4PC, iPhone, Android, iPadBeginners
MT5/Experienced traders
MT4

Deposit and Withdrawal

Spring Gold Market accepts some popular payment methods, including Bank transfer, USDT, Neteller, Skrill, and Union Pay.

Note that any International Telegraphic Transfer (TT) Fees charged by the banking institution are passed onto the Client. Most International TTs are approximately USD$20.

Withdrawal forms received after 21:00 (GMT) will be processed the following day. If these are received before 07:00 (AEST) they'll be processed on the same day. Withdrawals made by Bank Wire Transfer usually take 3-5 working days to reach your account.

Deposit and Withdrawal

User Reviews

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User comment

6

Comments

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Usman Abubakarr
more than one year
I'm more of a standard account kind of person, for I am pretty lazy when it comes to trading, so not having to worry about commissions is a big plus for me.
I'm more of a standard account kind of person, for I am pretty lazy when it comes to trading, so not having to worry about commissions is a big plus for me.
Translate to English
2024-07-22 11:47
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
more than one year
The MT4 platform is reliable and I like the range of assets available, especially the low spreads on forex.
The MT4 platform is reliable and I like the range of assets available, especially the low spreads on forex.
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2024-06-27 15:11
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