Goldmill Markets

Based in Anguilla, Goldmill Markets is an unregulated forex broker that was established in 2019. Goldmill Markets provides 250+ financial products to trade via MT5 platform, including Forex, Commodities, Metals, Indices, Shares, and Cryptocurrencies. Demo accounts are available and the minimum deposit requirement to open a live account is as low as USD 50.

Pros and Cons

Is Goldmill Markets Legit?

No, Goldmill Markets is not regulated by any reputable financial body. Please be aware of the risk!

What Can I Trade on Goldmill Markets?

Goldmill Markets offers over 250 trading instruments from 6 asset classes, including Forex, Cryptocurrencies, Metals, Shares, Commodities, Indices.

Forex: Minor, major, and exotic pairs, in total 39 currency pairs, available 24/5.

Cryptocurrencies: weekend trading on Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Ripple, Polkadot, and more, in total 24 Crypto CFDs, available 24/7.

Metals: CFDs on Precious metals like gold, silver, and platinum, in total 7 metals.

Shares: Shares from leading companies across various industries, all available.

Commodities: CFDs on popular spot commodities like crude oil, sugar, or coffee, intotal 10 commodities CFDs.

Indices: Index CFDs cover renowned indices worldwide like the Aussie 200 or the German 40 Cash, in total 15 CFDs on indices.

Account Type

Goldmill Markets offers three accounts to choose from, including Standard, ECN and PRO accounts.

It not only provides live accounts but also sets up demo account for traders to practice trading with virtual credit. The minimum deposit to open a real account is $50.

In addition, Goldmill Markets offers a Islamic account for Islamic customers that doesnt charge or give swap fees.

Leverage

Goldmill Markets offers a leverage of up to1:400 for all accounts butdifferent leverage for different trading assets.

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

Goldmill Markets claims that three types of accounts all have competitive spreads, but specific spreads are not clear.

Besides, it offers an Introducing Broker program with free sign-up and commissions up to $10, $6, or $3 per lot traded for Standard, Pro, and ECN accounts, respectively.

Trading Platform

Deposit and Withdrawal

On Goldmill Markets, traders can deposit and withdraw funds only directly with cryptos. The minimum deposit of Goldmill Markets is $50. As for the minimum withdrawal, deposit and withdrawal fees and related processing time, Goldmill Markets doesn't mention it.