igold Company Overview

Founding Date and Background

igold is a financial services company that specializes in trading precious metals and other financial instruments. Although the exact founding date is not explicitly stated in the available data, it is noted that the company has been operational for approximately 5 to 10 years. igold is recognized for its focus on electronic trading in the precious metals market.

Parent Company/Ownership Structure

igold operates under the ownership of 领峰贵金属有限公司 (Lingfeng Precious Metals Limited), which is registered in Hong Kong. The company holds a Type AA license from the Chinese Gold and Silver Exchange Society (CGSE), indicating a high level of regulatory compliance and operational capability within the precious metals trading sector.

Headquarters Location

The headquarters of igold is located at 19/F, The Toy House, 100 Canton Road, Tsim Sha Tsui, Kowloon, Hong Kong. This strategic location places igold at the heart of one of Asia's most significant financial hubs.

Global Business Scope

igold primarily focuses on the trading of precious metals, including gold and silver, as well as forex and commodities. The company has established a significant presence in the Hong Kong market, but it also serves clients globally, particularly in regions such as China.

Main Regulatory Bodies

igold is regulated by the Chinese Gold and Silver Exchange Society (CGSE), which is a reputable authority in the precious metals industry. The company holds a Type AA license, allowing it to operate legally in the trading of various precious metals.

Company History and Development

Key Milestones

igold has achieved several key milestones since its inception, including obtaining its regulatory license from the CGSE and establishing its trading platform on the widely-used MetaTrader 4 (MT4). The company has also developed a comprehensive suite of trading services tailored to the needs of both individual and institutional investors.

Business Expansion Journey

The company has progressively expanded its offerings, moving from a focus solely on precious metals to include forex trading and CFDs. This expansion has allowed igold to cater to a broader range of investors looking for diverse trading options.

Customer Base Growth

igold has reported steady growth in its customer base, particularly among investors interested in precious metals and forex trading. The companys user-friendly platform and competitive trading conditions have attracted a significant number of traders, especially from the Asian market.

Platform Development History

igold utilizes the MetaTrader 4 platform, which is known for its robust functionality and user-friendly interface. The platform supports a variety of trading tools, including expert advisors (EAs) for automated trading. The continuous updates and enhancements to the platform have improved user experience and trading efficiency.

Important Awards or Recognitions Received

While specific awards or recognitions for igold were not mentioned in the available data, the companys regulatory compliance and operational transparency contribute to its credibility in the financial services industry.

Trading Services Offered

Forex Trading Options

igold offers a range of forex trading options, providing access to various currency pairs. The exact number of currency pairs available is not specified, but the broker is known to support major pairs, which is typical for brokers in the forex market.

Stock Trading Options

Currently, igold does not explicitly mention offering stock trading services. The focus appears to be primarily on forex, commodities, and precious metals.

CFD Trading Products

The company provides access to Contracts for Difference (CFDs), allowing traders to speculate on the price movements of various financial instruments without owning the underlying assets. This includes commodities and precious metals.

Other Financial Instruments

In addition to forex and CFDs, igold offers trading in precious metals such as gold and silver. The company is particularly noted for its competitive spreads and commission-free trading in these instruments.

Special Services or Unique Advantages

igold provides several unique advantages, including:

• High Leverage: Traders can access leverage up to 1:200, which is attractive for those looking to maximize their trading potential.
• Demo Accounts: The availability of a free demo account allows new traders to practice without risking real capital.
• User-Friendly Platform: The use of MT4 enhances trading capabilities with advanced charting tools and automated trading options.

Regulatory and Legal Background

Detailed Regulatory Information

igold is regulated by the Chinese Gold and Silver Exchange Society (CGSE). The company holds a Type AA license, which is the highest grade of license issued by the CGSE, indicating strong regulatory oversight.

Legal Entity Structure by Region

igold operates as a limited liability company under Hong Kong law, specifically as 领峰贵金属有限公司. The regulatory framework in Hong Kong allows for robust oversight of financial services, ensuring compliance with international standards.

Client Fund Protection Measures

While specific details on client fund protection measures were not provided, the regulatory framework in Hong Kong typically includes requirements for segregating client funds to ensure their safety.

Countries/Regions Served

igold primarily serves clients in Hong Kong and mainland China, but its services are accessible to international clients looking to trade in precious metals and forex.

Compliance History

The company has maintained a good compliance record with the CGSE, but there have been some concerns raised by clients regarding withdrawal issues and slippage, which are common challenges in the trading industry.

Competitive Landscape

3-5 Main Competitors

igold faces competition from several other brokers in the precious metals and forex trading space, including:

• JustForex: Known for its competitive spreads and a wide range of trading instruments.
• LiteForex: Offers a user-friendly platform with diverse trading options.
• NordFX: Provides access to various financial instruments with competitive conditions.

Positioning in the Industry

igold positions itself as a specialized broker in the precious metals market, leveraging its regulatory advantages and focus on electronic trading to attract clients. The company's emphasis on low spreads and commission-free trading enhances its appeal.

Market Differentiation Factors

Key differentiation factors for igold include:

• Regulatory Compliance: The Type AA license from CGSE adds a layer of credibility.
• Focus on Precious Metals: Unlike many competitors, igold has a strong emphasis on gold and silver trading.
• User Experience: The MT4 platform offers traders advanced tools for analysis and automated trading.

In conclusion, igold presents itself as a reputable player in the precious metals and forex trading industry, benefiting from regulatory backing and a focus on client needs. However, potential investors should remain cautious and conduct thorough research before engaging with the platform. For those interested in exploring more about igold's offerings, learn more here.

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