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Pros

Offers a widely used trading platform (MetaTrader 5)
Low minimum deposit requirement ($50)
Variety of trading instruments available

Cons

No valid regulatory oversight, posing a high risk to traders
Official website is currently inaccessible, limiting access to information
Negative reviews and complaints regarding withdrawal difficulties and lack of transparency

GoldForex broker Accounts

TradingExcel: Account Types

TradingExcel offers a variety of account types for gold trading, catering to different levels of traders. Here are the main account types available:

  • Gold Trading Account
    • Minimum Deposit: $5,000
    • Maximum Balance: $3,000
    • Spread: Floating
    • Commission: No commission
    • Leverage: Up to 1:500
    • Minimum Transaction Size: 0.01 gold lots
    • Maximum Transaction Size: 25 gold lots
    • Trading Instruments: 28 currency pairs + gold
    • Bonuses: Yes
    • Scalping: Yes
    • Cent Account
      • Minimum Deposit: $1
      • Transaction Size: Deposits are converted to cents, allowing for lower risk and easier trading for beginners.
      • VIP Account
        • Minimum Deposit: $10,000 or more
        • Benefits: Enhanced trading conditions, bonuses, and additional perks.

        TradingExcel: Broker Account Opening Process

        To open a TradingExcel account, follow these steps:

        • Visit the Broker's Website: Go to the TradingExcel website and select the option to open a gold trading account.

        • Fill Out the Application Form: Complete the online account opening form with your personal information.

        • Upload Required Documents:

          • Proof of ID: A color copy of a valid passport or government-issued ID (e.g., drivers license).
          • Proof of Residence: A recent utility bill (e.g., electricity, water, gas) dated within the last six months.
          • Submit Your Application: After filling out the form and uploading the necessary documents, submit your application.

          • Verification Process: Your application will be processed, and your documents will be verified for compliance with anti-money laundering (AML) regulations.

          • Receive Login Credentials: Once verified, you will receive your login details via email, allowing you to access your account.

          • Start Trading: Use your credentials to log into the TradingExcel platform and begin trading on your validated gold trading account.

GoldForex accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .
GoldForex Account