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igold -

Score

6.75 /10
Average

igold

Hong Kong

5-10 years

Regulated in Hong Kong

Type AA License

MT4 Full License

High potential risk

https://en.igoldhk.com/

Influence

B

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Comparison

Quantity 37

Exposure

Open Account
Website

Score

Regulatory Index7.15

Business Index7.60

Risk Management Index0.00

Software Index9.84

License Index7.15

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

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

Single Core

1G

40G

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Broker Information

More

Company Name

领峰贵金属有限公司

Company Abbreviation

igold

Platform registered country and region

Hong Kong

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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WikiFX Risk Alerts
Previous Detection : 2025-01-22
  • The number of the complaints received by WikiFX have reached 29 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Survey

Great

igold

Hong Kong

WikiFX Verification

Exposure

37 pieces of exposure in total
Pyramid scheme complaint
Expose
Severe Slippage

Serious slippage

Slips for 120 pips which is 12 dollars. Who can bear such trading environment?

2022-10-16 14:09
Severe Slippage

Lag

Do not allow you to close position due to lag, and the network is disconnected maliciously, causing me to lose tens of thousands of dollars

2022-09-15 20:59
Unable to Withdraw

withdrawal

The withdrawal is too slow, the scam company, the app is super difficult to use, and the customer service has to ask questions repeatedly as soon as they withdrawn. Trash fraud platform

2022-09-27 11:31
Resolved

Indiscriminately operating the client's lock position when the market fluctuates violently, resulting in huge losses.

I was in a lock position, and the funds in my account at that time were as shown in the picture below. They secretly operated seven of my short orders at the top of the market, leaving long orders. In the end, there was more than 1,000 US dollars left in the account, and the customer service actually said it was because the margin was insufficient. What does Lock position have to do with margin?

2023-12-08 15:32
Scam

A fraud platform with serious losses and account cancellation (igold)

I had a serious loss at igold and then the platform cancel my trading account.

2022-05-31 08:11
Resolved

The card was frozen when withdrawing money, and the funds were transferred.

After the money was withdrawn, the bank card was frozen and the funds were transferred away by the police. The customer service was perfunctory.

2023-11-20 12:38
Severe Slippage

Manipulating prices in the background! Almost caused me to be liquidated.

Don't want to say much, describeless! Non-farm pending order, unexpectedly slipped 10 pips. Too bad. Pending at 2461 and entered a long position, stop loss at 2459. Slipped to 2470.4 for me.

2024-08-03 04:44
Resolved

It is inconsistent with the closing/opening time of the international platform. If the 100% set by igold is lower than 100%, the position will be forced to be closed. However, the position is not forced to be closed, resulting in a negative account amount.

It is inconsistent with the closing/opening time of the international platform. The setting of igold is that if it is lower than 100%, the position will be forced to be closed. However, after the opening on the morning of 4/1, the account balance directly shows negative before the position is forced to be closed. For example, according to the 100% set by the platform, If the position is closed and the margin is lower, my principal can at least be saved. I asked customer service, but they wouldn't solve it and said the system was like this.

2024-04-01 13:33
Others

My card was frozen when I withdraw money, and my funds were withheld by the police.

A total of 5,012 yuan was withdrawn, of which 3,535 yuan was frozen and deducted.

2023-11-22 14:29
Severe Slippage

The igold is a scam platform

The igold is a scam platform. It not only frequently disconnects, but the system also maliciously slips and is arbitrarily controlled by the background.

2024-07-29 10:27
Others

Deposit and get bonuses, deceive consumers and refuse to admit their debts

When I was a new user who made a deposit, the customer service called me and told me that if I placed an order of more than 0.3 lots, I would get 88 yuan for free. He asked me to remember to contact the online customer service, but the online customer service refused to admit it.

2024-04-12 23:28
Severe Slippage

The transaction is delayed for more than 3 seconds, resulting in serious slippage

Every time I enter the market, there is a slipage of 0.2~0.3 between the click transaction and the final transaction price, such as shorting 2010.9, clicking short, and the delay after clicking will cause the transaction price to become 2010.6. If it is a stop loss, you can stop the loss to the highest point or the lowest point every time. It's not due to network delay. For the same market, accounts opened on other platforms can be entered normally. It is difficult to make a profit when trading one lot in this way, with the spread plus slippage.

2023-05-03 03:12
Severe Slippage

The slippage is very serious and the problem cannot be solved.

I set the stop loss price at 2167.91 and the price slipped to 2162.02 before it stopped the loss. It was very serious.

2024-03-13 13:07
Severe Slippage

The closing price does not match the international market

Igold closed the order in advance before the time, the slippage was serious, the maximum stop loss slippage was 7 US dollars, the customer service said it was normal,

2023-01-09 10:37
Scam

This platform illegally engaged in forex futures and London gold and silver trading without obtaining the domestic regulation and defrauded users' money. I demanded the refund of the principal of 23,460 yuan.

The company has not obtained domestic regulatory qualifications. It illegally misled and defrauded users of their principal through Baidu and advertisements, and launders money through illegal channels. My account 13281783882 was forcibly restricted after the complaint and I asked to return the principal of 23,460 yuan!

2023-05-01 01:46
Scam

Stay away from Igold(fraud platform)

Under the temptation of Igold to induce more deposit and more bonuses, the platform suffered a serious slippage loss of more than 15,000 US dollars, which is equivalent to more than 100,000 yuan. I gave feedback to the customer service department with my real name and said that the backstage should not add some secrets, but I was cancelled. account! Please stay away from such platforms that cancel accounts at will. Before you start to make no profits, you call almost every day to urge more deposits to have more preferential activities. If customers lose serious losses, they should find reasons to cancel their accounts. This is a crop of financial shuffle

2022-05-05 06:01
    Sources
    Data Source WikiFX Data provide
    Updated: 2025-01-22
    igold · Company summary

    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 contained in this article is for general information purposes only.

    General Information

    igold Review Summary in 10 Points
    FoundedN/A
    Registered Country/RegionHong Kong
    RegulationCGSE
    Market Instruments99 Gold, HKD Kilo Gold, Loco London Gold/Silver and RMB Kilobar Gold
    Demo AccountAvailable
    Leverage1:200
    EUR/USD Spread$0.5/ounce for Loco London Gold, $0.03/ounce for Loco London Silver
    Trading PlatformsMT4
    Minimum deposit$50
    Customer SupportPhone, email

    What is igold?

    igold is headquartered in Hong Kong and is a regulated e-trading member of the Chinese Gold and Silver Exchange (CGSEC, No.145), holding the highest-grade type AA Marketing Trading License and Certificate of Accredited Refineries for 999.9 Gold. The broker can legally operate electronic trading of 99 Gold, HKD Kilo Gold, Loco London Gold/Silver and RMB Kilobar Gold, and offers trading through the MetaTrader 4 platform.

    igold's home page

    Pros & Cons

    ProsCons
    • Regulated by CGSE• Severe slippage and withdrawal issues reported
    • Supports MT4• Limited trading instruments compared to others
    • Demo accounts available• Limited deposit and withdrawal options
    • Free account opening• Lack of transparency in fee structure
    • High leverage of 1:200• Overnight fees charged
    • Low spreads for precious metals trading
    • Commission-free trading
    • Low minimum deposit requirement of $50

    Is igold Safe or Scam?

    The Chinese Gold & Silver Exchange Society (CGSE) is a recognized and reputable regulatory authority in the precious metals industry, which adds a level of credibility to igold's operations. Additionally, the broker has been in operation for several years.

    Is igold Safe or Scam?

    Market Instruments

    igolds business scope ranges from e-trading of Loco London Gold/Silver to transaction and minting of 99 Gold, HKD Kilo Gold and Renminbi Kilobar Gold.

    Accounts

    igold offers two different types of trading accounts for investors: General Investor Accounts and Advanced Investor Accounts. The minimum amount for deposit to start trading is $50, whileno maximum amount limitation.

    igold also offers a free $200,000 demo account. Using a free demo account is a great way to practice online trading at live market conditions, without risking any money.

    Margin & Leverage

    The initial margin is fixed for each lot LLG/LLS is $1000. The leverage is 1:50 for both Loco London Gold and Loco London Silver in the General Investor accounts, 1:200 for 0-100 lots of Loco London Gold, 1:100 for 100-200 lots, 1:50 for over 200 more lots in the Premium Investor Accounts. The leverage for Loco London Silver is 1:120 for trading 0-20 lots, 1:60 for trading 20.01 to 40 lots, and 1:30 for trading over 40 lots.

    Spreads & Commissions

    Standard spread for Loco London Gold is $0.5/ounce while it is $0.03/ounce for Loco London Silver. The spread is variable and may vary due to drastic fluctuations in the market. Clients could trade with a minimum contract size of 0.01 lot and the spread rebate is up to $26 per lot. There is no commission charged.

    Below is a comparison table about spreads and commissions charged by different brokers:

    BrokerEUR/USD SpreadCommission
    igold$0.5/ounce (Loco London Gold)$0
    JustForex0.0-1.1 pips$5 per lot
    LiteForex1.1 pipsN/A
    NordFX0.0-2.0 pips$10 per lot for Fix account, $20 per lot for Pro account

    Trading Platforms

    igold provides traders with the market-leading and popular MT4 trading platform, as well as MT4 Mobile to meet a wide range of trading needs.

    MT4 is widely used by traders around the world. The MT4 platform provides a user-friendly interface and advanced charting tools for technical analysis. Traders can customize their charts and use various technical indicators and drawing tools to analyze price movements and identify trading opportunities. In addition, MT4 allows traders to automate their trading strategies using Expert Advisors (EAs), which are essentially algorithms that can enter and exit trades based on pre-defined rules.

    MT4

    The MT4 mobile app also allows traders to access their accounts and trade on the go, providing a convenient option for those who need to manage their trades while away from their computer.

    MT4 Mobile

    See the trading platform comparison table below:

    BrokerTrading Platform
    igoldMT4 and MT4 Mobile
    JustForexMetaTrader 4, MetaTrader 5, WebTrader
    LiteForexMetaTrader 4, MetaTrader 5, WebTrader
    NordFXMetaTrader 4, MetaTrader 5, MetaTrader Mobile

    Trading Hours

      The LLG/LLS Can be traded 24 hours a day on the international market and the market will only be closed during weekends and international holidays. The trading time in this company is:

      • Daylight Saving Time (GMT +8): 6:30 am Monday to Saturday 3.30 am
      • Winter Time (GMT +8) : 6:30 am Monday to Saturday 4:00 am

    Deposits & Withdrawals

    There is very little information on deposits and withdrawals on igolds website. It seems that it only supports Wire transfer.

    The minimum amount for deposit to start trading is $50. The minimum trading volume for each order is 0.05 lot. Therefore, the minimum amount for deposit for the trading is $50 (0.05 X $1000). It is suitable for common investors.

    Igold minimum deposit vs other brokers

    igoldMost other
    Minimum Deposit$50$100

    Deposits by wire transfer can take several business days, depending on your bank. Withdrawal requests will be processed in the next working day. When the fund is credited to your bank account depends on the bank processing.

    Fees

    Apart from spreads, igold charges an overnight interest fee. Fees for deposits and withdrawals are not revealed openly on the website. Once a position (bid or ask) is opened and held overnight (03:29 a.m. GMT+8), an overnight interest will be charged. The overnight interest rate of a buy position (Long) is -1.75% while the overnight interest rate of a sell position (Short) is -0.15%.

    See the fee comparison table below:

    BrokerDeposit FeeWithdrawal Fee
    igoldN/AN/A
    JustForexNoneNone
    LiteForexNoneNone
    NordFXNoneNone

    Customer Service

      If clients have any inquiries, they can get in touch with igold through the following contact channels:

      • Telephone: (852)2276 8862 (English), (852) 2276 8888 (HK);
      • Email: cs@igoldhk.com

    FAQ section is also available.

    FAQ

    User Reviews

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    User comment

    7

    Comments

    Write a review

    sicong
    more than one year
    I was drawn to gold for its low minimum deposit and diverse trading options. While the MT4 platform is great, the lack of strong regulation keeps me cautious.
    I was drawn to gold for its low minimum deposit and diverse trading options. While the MT4 platform is great, the lack of strong regulation keeps me cautious.
    Translate to English
    2024-06-04 14:35
    Reply
    0
    0
    Mr. Rabbit8824
    more than one year
    在領峰貴金屬平臺上交易了幾次黃金，給我的感覺是這家平臺很正規， 而且出金也很及時。 他們的客服人員專業耐心，值得五星好評。 需要註意的是持倉過夜費用會比別的平臺稍微高一點。
    在領峰貴金屬平臺上交易了幾次黃金，給我的感覺是這家平臺很正規， 而且出金也很及時。 他們的客服人員專業耐心，值得五星好評。 需要註意的是持倉過夜費用會比別的平臺稍微高一點。
    Translate to English
    2022-12-13 17:26
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