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Pros

Have a buyback program, allowing for easy liquidation of assets.
Impressive product selection, including a variety of gold and silver products.
User-friendly platform with access to market analysis tools and resources.

Cons

No ratings on the Better Business Bureau (BBB), which may raise concerns about credibility.
Limited product offerings, lacking options for platinum and palladium.
Some fees and charges may not be clearly disclosed, potentially leading to unexpected costs.

GoldTrade broker Accounts

FP Markets Account Type

FP Markets offers two main types of trading accounts for gold trading: the Standard Account and the Raw Account.

  • Standard Account:
    • Minimum Deposit: $100
    • Spreads: Minimum of 16.0 pips on gold.
    • Commission: Commission-free.
    • Leverage: Up to 1:500.
    • Platforms: Available on MetaTrader 4, MetaTrader 5, and IRESS.
    • Raw Account:
      • Minimum Deposit: $100
      • Spreads: Minimum of 0.0 pips on gold.
      • Commission: Commission-based for MetaTrader users.
      • Leverage: Up to 1:500.
      • Platforms: Available on MetaTrader 4 and MetaTrader 5.

      FP Markets Broker Account Opening Process

      To open an account with FP Markets, follow these steps:

      • Visit the Website: Go to the FP Markets official website.
      • Select Account Type: Choose either the Standard or Raw Account.
      • Fill Out Registration Form: Complete the online registration form with your personal information, including name, email, and phone number.
      • Verify Identity: Upload required documents for identity verification, such as a government-issued ID and proof of address (e.g., utility bill).
      • Deposit Funds: Once your account is verified, deposit a minimum of $100 to start trading.
      • Start Trading: After funding your account, you can begin trading gold and other financial instruments on the chosen platform.
      • For more details, visit FP Markets.

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