What is Real Gold Capitals？
Real Gold Capitals Ltd is a broker based in Saint Lucia and is currently not regulated by any recognized financial regulatory authorities which presents significant concerns about the firm's credibility and the safety of client funds.
Pros & Cons
Pros:
High Leverage: Real Gold Capitals offers a high maximum leverage of 1:500, allowing traders to manage a considerable amount of money with a small deposit.
Low Spread: For ECN accounts, it provides spreads starting from 0.0 pips, reducing trading costs.
MT5 Supported: It offers the MetaTrader 5 (MT5) trading platform, which is considered versatile and comprehensive, providing features that assist in making informed trading decisions.
Cons:
Is Real Gold Capitals Safe or Scam？
Regulatory Sight: Real Gold Capitals is currently functioning without any regulation, meaning it does not fall under the supervision of any financial regulatory bodies and does not possess any licenses to operate in the financial market. The absence of any such oversight raises concerns about the firms adherence to financial standards and regulations, increasing the risk for investors.
User Feedback: Users should check the reviews and feedback from other clients to gain a more comprehensive sight of the broker, or look for reviews on reputable websites and forums.
Security Measures: So far we haven't found any information about the security measures for this broker.
Market Instruments
Forex: It allows trading on the Foreign Exchange market, enabling clients to speculate on the price of one currency against another.
Commodities: Clients have access to a wide range of commodities such as precious metals, oil, and natural gas. Trading commodities can provide a great way to diversify a trading portfolio.
Stocks: It offers the opportunity for clients to invest in stocks which are shares of ownership in individual companies.
Indices: Indices trading allows for speculation on the overall market movements by tracking the performance of a group of selected stocks. Indices can represent a specific industry, a specific sector, or the overall performance of a country's economy.
Futures: Futures contracts, which are agreements to buy or sell a particular asset at a predetermined price at a specific time in the future, are also available for trading. This market instrument can be used to hedge against price risk or to potentially profit from price changes.
Account Types
ECN Account: The Electronic Communication Network (ECN) account provides direct access to the market, bringing together different participants such as banks, centralized exchanges, and other traders into a network where trades are executed directly.
ELITE Account: The ELITE account is suitable for more experienced traders who'd like to take advantage of more features while trading. These accounts often offer benefits such as tighter spreads, a dedicated account manager, and more in-depth market analysis.
PRO Account: The PRO account is typically designed for professional traders who require advanced features and tools. These traders often get more personalized services, faster execution speeds, and lower commissions for higher-volume trades.
Leverage
Real Gold Capitals offers a maximum leverage ratio of 1:500 across all account types. This high level of leverage allows traders to hold positions in the market that are significantly larger than the trader's account balance, effectively amplifying potential profits. However, it's crucial to note that while high leverage can increase possible returns, it also multiplies the risk, potentially leading to significant losses. Therefore, a high leverage ratio like this should be approached with caution, especially by less experienced traders.
Spread
Real Gold Capitals offers users different spreads for different account types, starting from 0.0-1.5 pips. The PRO account provides a very average spread starting from 1.5 pips, which is not very competitive. A spread starting from as low as 0.0 pips provided by ECN account sounds appealing, but it is extremely like an advertisement, since in real trading, it is barely possible.
Trading Platform
Real Gold Capitals offers the MetaTrader 5 (MT5) trading platform, an advanced trading platform broadly recognized in the industry for its comprehensive features. MT5 supports multiple order types, the use of Expert Advisors for automated trading, and provides over 80 technical analysis tools to aid informed decision-making. It also has capabilities for hedging, and one-click trading, and offers complete market depth. The platform is accessible via both mobile and desktop devices, offering traders flexibility and easy accessibility.
Customer Support
Real Gold Capitals provides multiple avenues for customers to reach their support team:
Telephone: Direct phone support is available for immediate communication, reachable at the number +91 8208069507.
Email: Customers can send a comprehensive description of their query or issue to the support team through email at support@realgoldcapitals.com.
In addition to these, Real Gold Capitals has also shared their addresses:
Registered Address: Ground Floor, The Sotheby Building, Rodney Bay, Gros-Islet, P.O. Box 838, Castries, Saint Lucia
Operational Address: 1127 ROYAL PRESTIGE SH NO A/11, SYKES EXTN KOLHAPUR, MAHARASHTRA, INDIA
Conclusion
Real Gold Capitals offers high leverage, low spreads, and the advanced MT5 trading platform. However, it lacks regulatory oversight, casting doubt on its reliability. Given these factors, traders should be more cautious opting for EncoreFX for their trading needs.
Frequently Asked Questions (FAQs)
Q: Does Real Gold Capitals support MT5？
A: Yes, it does.
Q: What is the maximum leverage provided by Real Gold Capitals？
A: Real Gold Capitals provides a maximum leverage of 1:500 across all its account types.
Q: Is Real Gold Capitals regulated？
A: No, it is not regulated.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
2024-01-10 16:32
