GoldenFex Review

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Broker Review: GoldenFex

General Information

GoldenFex is a new broker that’s been gaining traction. It offers a variety of trading services but prioritizes forex and CFD trading. The broker is located in Saint Vincent and the Grenadines, while its exact address is Suite 305, Griffith Corporate Center P.O. Box 1510, Beachmont, Kingstown. Our GoldenFex review will aim at helping you decide whether it’s the right broker for you.

There are two things we noticed when starting our inspection of the broker. The two are its quick and effortless account registration process and its noticeably functional website. The two work in tandem to create a simple experience for new users wanting to sign up or even just check the broker out.

The website lays out a lot of information before you straight away. That means you won’t need to dig around for the things you wish to learn. Rather, you can learn most of the broker’s qualities right on its home page. Even more impressive, the broker lays out the info comprehensively, so newer traders don’t get intimidated or overloaded.

The registration needs less explanation. The process is quick and doesn’t require a lot of info, minimizing the time you waste before you start trading. So with the strong impression, it’s time to move on and look at the rest of the broker’s service. Since we’ve, of course, already done that, we’ll present some of our favorite qualities:

·        Low-Costed

One of the advantages of GoldenFex is that it makes its profits via spreads rather than fees. However, some don’t consider the two that different in their functioning. The difference is that using spreads over other charges makes it so the service is cheaper for the vast majority of users. On top of that, the spreads remain tight regardless of account type, meaning you’re always getting the best price. One more thing worth mentioning is that the broker’s higher-tier accounts are cheaper to obtain than usual.

·        Trader Resources at GoldenFex

GoldenFex goes beyond the regular broker that sets up educational materials and calls it a day. Instead, the broker manages to set up top-notch informational and analytical materials on top of that. As such, the usefulness of its resources extends past beginner traders. Namely, we’d argue that anybody could get use out of the materials there no matter their skill level.

Funds Trading and Security

Our GoldenFex review wouldn’t be complete if we didn’t look at its security. For traders, safety is one of the first requirements for a new broker, placing it at an equal importance as trading itself. Luckily, GoldenFex does quite enough for it to be considered a safe brokerage.

That all starts with the measures it takes against hackers. For starters, its top-grade encryption scrambles all the data you input, meaning hackers can’t intercept it. Naturally, the broker also integrates basic account safety features, such as 2FA. That means that GoldenFex offers users maximum protection. The only way you can lose is if you fall for a scam, which is out of the broker’s control.

Beyond that, the broker also only works with regulated banks, ensuring your funds are at a safe spot. It also ensures your safety by promising not to share any of your personal data with third parties. That’s especially vital now that online privacy is at constant risk.

Lastly, most reviewers and customers seem happy with the broker’s service. As such, we found no holes in GoldenFex’s safety and are confident in calling it a secure broker.

The GoldenFex Trading Accounts

The accounts at GoldenFex allow it to be a truly versatile broker. Even the cheapest version has competent trading capabilities, while the others unlock luxury features. That creates a situation where upgrading is more of a treat than a necessity. So no matter what your budget is, you’ll get your money’s worth at GoldenFex.

Furthermore, since the accounts follow an investment-based structure, there’s no downside to upgrading. You aren’t actually paying anything for an account, as you get all your money to trade with. And as we mentioned earlier in our GoldenFex review, the high-tier accounts are quite cheap. That means even midrange traders might experience quite a bit of luxury.

Here are some of the specifications of GoldenFex’s accounts:

Mini

• €250 – €3,000
• Welcome Bonus: Up to 50%
• Analytical Materials
• Educational Materials
• Introduction to the Platform

Silver

• €3,001 – €10,000
• Welcome Bonus: Up to 100%
• Analytical Materials
• Educational Materials
• Introduction to the Platform
• Personal Financial Analyst

Gold

• €10,001 – €50,000
• Accelerated Withdrawal
• Welcome Bonus: Up to 120%
• Analytical Materials
• Educational Materials
• Introduction to the Platform
• Personal Financial Analyst
• Review with financial analyst: Once a Week, 30 min

Platinum

• €50,001 – €100,000
• Highest Priority Withdrawal
• Welcome Bonus: Up to 120%
• Analytical Materials
• Educational Materials
• Introduction to the Platform
• Personal Financial Analyst
• Review with a financial analyst: Once a Week, 30 min
• Trading Plan: Quarterly
• Personal Trading Strategy Development

VIP

• FROM – €100,001+
• Highest Priority Withdrawal
• Welcome Bonus: Up to 150%
• Analytical Materials
• Educational Materials
• Introduction to the Platform
• Personal Financial Analyst
• Review with financial analyst: Upon Request, Unlimited
• Trading Plan: Quarterly/Annual
• Personal Trading Strategy Development
• Screen Demo of Real-Time Trading
• High Priority Financial Analyst Trading
• VIP Hedging Tools

Trading Conditions

GoldenFex has robust trading conditions that serve as a backbone to its service. We already discussed most of them, but let’s go over everything together here.

The costs of trading are low, with spreads starting as low as 0.1. That means the price of using GoldenFex’s service is minuscule compared to competitors. Furthermore, the accounts come at quite a low cost, meaning you won’t have to invest a lot to achieve your desired trading experience. Beyond that, the broker set up excellent resources for traders that will surely assist them in making precise predictions.

All that makes maintaining a consistent stream of profits with GoldenFex simpler than with other brokers. Another notable feature is its variety of account funding options. With over ten choices, traders can ensure that their money will flow freely, minimizing the downtime while trading. Accounts beyond the first few also get expedited withdrawals, further simplifying the process.

GoldenFex Review: Trading Platform

Besides its excellent trading conditions, GoldenFex also secured a top-tier platform. It provides users with MetaTrader4, one of the most popular trading terminals out there. The program lets newbies get used to trading quickly with its intuitive interface. However, it still maintains usability for experts with its lightning-fast execution and top-tier analytical capabilities. The software also comes in versions for your browser (Web Trader) and phone (Mobile Trader), increasing its overall convenience.

GoldenFex’s Trading Products

The broker has an excellent variety of assets with over 360 to choose from. That means traders will have a simple time finding their preferred financial instrument. Also, they’ll be able to diversify their portfolio easily, with each trading product remaining top-tier.

Customer Service at GoldenFex

GoldenFex’s support is another part of its service that’s noticeably above average. Namely, its representatives are quick to answer and knowledgeable. That creates a situation where even if you run into an issue, you can be confident that it’ll be gone in no-time. The operatives work 24/5, and you can reach them via email, a phone line, on the form on GoldenFex’s website.

Phone: ‍+44 1182040036

Email: [email protected]

Conclusion

GoldenFex is a broker that draws users in with top-notch service. No matter where you look, it’s challenging to find an issue with the broker. The cost of using it is low, and even higher-tier accounts don’t require a massive investment. It’s also simple to get into, with a straightforward and quick registration process.

On top of that, its educational and analytical capabilities aid traders in improving and making correct decisions. It manages all that while its safety remains rigorous. Lastly, even the features that are mostly an afterthought, such as funding and the platform, are top-notch.

To conclude our GoldenFex review, we’d recommend you try it out for yourself. We truly believe that the broker is one few can be disappointed by.