GWGOLD

Established in 2013 and headquartered in Hong Kong, GWGOLD is a financial company that specializes inspot gold and silver trading.The company offers trading on the popular MT4 platform and its own goodwillgold4 platform. However, it operates under a clone license.

Pros and Cons

Is GWGOLD Legit?

No, GWGOLD is not a regulated entity. The firm purports to be regulated by the China Hong Kong CGSE with a license number 050, but this claim has been verified as false and is associated with a clone firm.

Regulated Country	Regulated Authority	Current status	Regulated Entity	License Type	License Number
	The Chinese Gold and Silver Exchange Society (CGSE)	Clone	鴻豐金業集團(香港)有限公司	Type A1 License	050

What Can I Trade on GWGOLD?

GWGOLD primarily offers trading in Spot gold and Spot silver.

Trading Rules

Trading Hour/Settlement Time

Note: US winter time is from 2 a.m. on the first Sunday in November to 2 a.m. on the second Sunday in March; U.S. Daylight Saving Time runs from 2 a.m. on the second Sunday in March to 2 a.m. on the first Sunday in November. The transaction time will be changed according to international holidays. Any changes will be announced on the company's website. If the position is held past Friday, Saturday, or Sunday, three days of interest will be charged.

Trading Platform

GWGOLD offers MT4 and goodwillgold4 as trading platfroms.

For iPhone users, you can either scan the QR code or click to download the iPhone version.

For Android users, you can scan the QR code to download the Android version.

If there is no Google Store on your mobile phone, you can directly download the installation files.

Additionally, there is an option to download the desktop trading platform of goodwillgold4.

Deposit and Withdrawal

Deposit Process

• Log in to the Hongfeng Bullion website.
• Select domestic card deposit from the deposit information on the website.
• UnionPay deposit fees will be waived if you use domestic card deposit methods.
• Deposit using a domestic card and “no need” to submit screenshots of documents.

Withdrawal Process

• Submit withdrawal application online:You need to use the online account and password provided by Goodwill to log in to the Goodwill website. The company claims that the funds will arrive within 1 hour.
• In person: Youcan visit the company to submit a withdrawal application during Goodwill office hours.
• Mail/Email/QQ: You can submit the signed and filled-out application form to Goodwill by mail/email/QQ.