GoldenFXVest -Overview of Minimum Deposit, Leverage, Spreads

General Information

Registered in the United Kingdom, GoldenFXVest presents itself as an online broker and a wealth management firm providing trading-related services as well as investment advisory, Wealth Management, Mutual Fund Advisor, and more.

GoldenFXVest is not subject to any valid regulation to show it operates legally. Please be aware of the risk involved.

Market Instruments

With the GoldenFXVest platform, investors can get access to a series of trading services, including Investing, Trading, Wealth Management, Investment Advisory, Smart Portfolio, and Mutual Fund Advisors.

Account Types

GoldenFXVest offers multiple account types for clients to choose from, namely Starter, Basic, Bronze, Silver, Gold, and Platinum. The minimum deposit to trade with GoldenFXVest is $500, too much for most regular traders to afford.

Aside from live account, demo accounts are also available for clients to gain a feel of this platform and practice their trading skills without risking their real capitals.

How to open an account with GoldenFXVest？

Opening an account with GoldenFXVest is an easy and simple process:

1. Click the “Open Live Account” link, and fill up some required details on the popping-up page.

2. Upload your personal data for this company to verify your details.

3. Fund your account and start to trade with this forex broker.

Leverage

When it comes to leverage, GoldenFXVest allows its clients to use leverage of up to 1:500, much higher than the levels regarded appropriate by many regulators, with the maximum leverage for major forex up to 1:30 in Europe and Australia, and 1:50 in Canada and U.S.

Since leverage can magnify gains as well as losses, it can also cause serious fund losses, especially to inexperienced traders. Therefore, it is wise for beginners to choose the smaller size no more than 1:10 until they gain more trading experience.

Spreads & Commissions

GoldenFXVest boasts that it offers more than 180 pairs to trade, with the minimum spreads starting at 0.2 pips, the spreads on US500 from 0.4 pips. As for commissions, trading US Stocks charges a trading fee from $3 and commissions for commodities trading are as low as $1.25.

Trading Platform

What GolenFXVest offers is not the industry-leading MT4 or MT5 trading platform, and this broker does not disclose what trading platform it provides. Please be aware of the risk.

Payment Methods

The minimum deposit is $500, and GolenFXVest allows its clients to make a deposit and withdrawal through Bitcoin, Litecoin, Ethereum, Payeer, Perfect Money. Deposits in USD are credited to the balance immediately. Deposits in Bitcoin is credited automatically after 3 confirmations in network.

Requests for withdrawals of funds are processed instantly. If your withdrawal is pending, the maximum processing time of the request is 48 hours.

Customer Support

GolenFXVest relies on its FAQ section to give its clients assistance concerning some common trading issues. For any questions they may have about their accounts or their trading can reach out to GolenFXVest through the following methods:

Online Communication

A Contact Form (Fill up some required details and then wait to be connected)

Telephone: +447915-609927

Whatsapp

Email: support@fxunionhubmarkets.com

Registered Company Address: Pittington Rd, West Rainton, Houghton spring, United Kingdom

Risk Warning

There is a level of danger that comes with trading on the financial markets. As sophisticated instruments, foreign exchange, futures, CFDs, and other financial contracts are typically traded using margin, which significantly increases the inherent risks involved. Therefore, you should consider carefully whether or not this sort of investment activity is right for you.

The information presented in this article is intended solely for reference purposes.