Goldenrodfx-Overview of Minimum Deposit, Leverage, Spreads

Note: Goldenrodfx's official website - https://goldenrodfx.com/ is currently inaccessible normally.

Goldenrodfx Information

Founded in 2020, Goldenrodfx is an unregulated broker registered in Seychelles, offering more than 250 trading instruments with leverage up to 1:200 and spread from 6 pips on the web-based trading platform.

Pros and Cons

Is Goldenrodfx Legit?

No. Goldenrodfx currently has no valid regulations. Please be aware of the risk!

Account Type

Here are three account types Goldenrodfx offers:

Leverage

Goldenrodfx offers max leverage capped at 1:200. Since leverage, can amplify both profits as well as losses, choosing the right amount is a key risk determination for traders.

Spread

As tested at Goldenrodfxs demo web account, the spread for the benchmark EUR/USD pair was floating around 6 pips, which is much higher than those regulated brokers.

Trading Platform