GOLDAY HARVEST Forex Broker

Aspect Information Company Name GOLDAY HARVEST Registered Country/Area China Hong Kong Founded year 2011 Regulation CGSE, NFA Market Instruments London Gold, London Silver Account Types Real Accounts, Demo Accounts Minimum Deposit $50 USD Spreads $25 per lot Trading Platforms MT4 Demo Account Available Customer Support 24/7 online self-service, Phone: +852 37582889, Email: cs@golday168.com Deposit & Withdrawal UnionPay, Paypal Educational Resources News Center, Analysts Team, FAQ section Overview of GOLDAY HARVEST GOLDAY HARVEST, founded in 2011 and based in China Hong Kong, operates as an electronic trading firm specializing in London Gold and London Silver. Despite being regulated by the Chinese Gold & Silver Exchange Society (CGSE) and the National Futures Association (NFA), its current status with both regulatory bodies is flagged as a clone, indicating potential concerns. The company satisfying investors through real and demo account options. With a minimum deposit requirement of $50 USD and spreads set at $25 per lot, GOLDAY HARVEST provides accessible trading opportunities. Traders can access the popular MT4 trading platform, coupled with a demo account for practice. Customer support is available around the clock, offering assistance via online self-service, phone, and email channels. Deposits and withdrawals can be made conveniently through UnionPay and Paypal. Educational resources include a News Center, Analysts Team, and FAQ section, providing traders with valuable market insights and guidance. Pros and Cons Pros Cons Diverse Market Instruments Potential Risk of Suspicious Clone Status Demo Account is Available Minimum Deposit Requirement ($50 USD) Competitive Spreads and Transparent Trading Costs Versatile Trading Platform (MT4) Comprehensive Customer Support Pros: Diverse Market Instruments: GOLDAY HARVEST provides access to a wide range of market instruments, including London Gold and London Silver. This diversity allows traders to explore different asset classes and diversify their investment portfolios, potentially increasing opportunities for profit. Demo Account is Available: The availability of a demo account enables traders to practice trading strategies and familiarize themselves with the platform's features without risking real money. This feature is particularly beneficial for novice traders who are new to trading or want to test new strategies in a risk-free environment. Competitive Spreads and Transparent Trading Costs: GOLDAY HARVEST offers competitive spreads and transparent trading costs, providing traders with clarity and confidence in their trading expenses. Transparent costs ensure that traders can accurately assess the profitability of their trades and make informed decisions. Versatile Trading Platform (MT4): GOLDAY HARVEST utilizes the MetaTrader 4 (MT4) platform, a versatile and widely used trading platform in the industry. MT4 offers advanced charting tools, technical indicators, and order execution capabilities, enhancing the trading experience for users. Comprehensive Customer Support: GOLDAY HARVEST provides comprehensive customer support services, including 24/7 availability, phone support, and email assistance. This ensures that traders can receive timely assistance and resolve any issues or inquiries they encounter, contributing to a positive trading experience. Cons: Potential Risk of Suspicious Clone Status: GOLDAY HARVEST's regulatory status with regulatory bodies such as the Chinese Gold & Silver Exchange Society (CGSE) and the National Futures Association (NFA) is flagged as a potential risk of being a suspicious clone. This raises concerns about the platform's legitimacy and credibility, potentially undermining trust among traders. Minimum Deposit Requirement ($50 USD): GOLDAY HARVEST imposes a minimum deposit requirement of $50 USD, which is considered relatively high for some traders, especially those who prefer to start with smaller amounts of capital. This requirement restrict access to the platform for certain traders. Regulatory Status GOLDAY HARVEST operates under regulation by two distinct regulatory bodies, each providing oversight within their respective jurisdictions. Firstly, it is regulated by the Chinese Gold & Silver Exchange Society (CGSE) under a Type AA License. However, it's essential to note that GOLDAY HARVEST's current status is listed as a Clone Firm by the CGSE. Secondly, it is also subject to regulation by the National Futures Association (NFA) in the United States. However, its current status with the NFA is flagged as a Suspicious Clone. GOLDAY HARVEST holds a Common Financial Service License issued by the NFA. Each regulatory body imposes specific standards and guidelines to ensure compliance with financial regulations and protect investors' interests. Market Instruments Golday Harvest, specializing in electronic trading of London Gold and London Silver, their products offer a range of features to investors. The London Gold market, being a global hub for gold trading and settlement, provides investors with 24/5 trading hours and the flexibility of bidirectional operations. This market, devoid of a fixed exchange, operates primarily through over-the-counter electronic trading systems, ensuring accessibility and convenience for traders. Their flagship product, London Gold, allows for bidirectional trading, enabling investors to profit from both upward and downward price movements. With its high transparency and reflective nature of global investment sentiments, trading opportunities abound amidst price fluctuations. Investors can capitalize on favorable market expectations by buying or selling based on price forecasts, thus leveraging the potential for profit in both rising and falling markets. London Gold stands out for its bidirectional trading feature, offering risk control, low investment requirements, and high returns, making it a more flexible option compared to stocks or physical gold. Account Types Golday Harvest offers two primary types of accounts: Real Accounts and Demo Accounts. The real accounts is designed for actual trading with real money, these accounts offer access to live markets, enabling investors to execute trades using their own funds. They provide an opportunity to experience market conditions and fluctuations, potentially leading to profitable trades. Real account holders can employ diverse trading strategies, manage risk exposure, and aim for significant returns. Golday Harvest offers access to investment products like London Gold and London Silver, facilitating portfolio diversification and capitalization on market opportunities. Golday Harvest's demo accounts offer a risk-free environment for honing skills, testing strategies, and gaining confidence before real trading. They're also valuable tools for experienced traders exploring new markets or refining techniques without financial risk. How to Open an Account？ Opening an account with GOLDAY HARVEST involves several steps: Step 1: Click on the “Open Real Account” button in the account opening section on the website homepage.(） Step 2: Fill out the account opening application form with the required personal and financial information. Step 3: Review the account opening data returned by the system to ensure accuracy. If everything is correct, click on “Register” to complete the account opening process. Step 4: After successful registration, remember the user center, platform account, and password. You can access the user center to modify your user password and download the platform to change the platform password. Spreads & Commissions At GOLDAY HARVEST, traders can expect competitive spreads. With a minimum margin requirement of $800 per lot, traders have access to favorable trading conditions. The spread, set at $25 per lot, ensures transparency and clarity in trading costs. This fixed spread model simplifies cost calculations for traders, allowing them to focus on their trading strategies without unexpected expenses. Trading Platform GOLDAY HARVEST offers a versatile trading platform in the form of MT4, recognized internationally and trusted globally. It stands among the most popular platforms in the international market, providing various trading execution functions, extensive market indicators and charting tools, and technical analysis capabilities to meet the diverse investment needs of users. The platform is available for download on PC, as a web version, and for both iOS and Android devices, ensuring accessibility across different devices. Additionally, GOLDAY HARVEST provides its proprietary trading app, offering a comprehensive suite of features including account management, trading, fund deposits and withdrawals, real-time quotes, market updates, expert analysis, and customer support. As a subsidiary of the Jingsheng Financial Group, GOLDAY HARVEST boasts professional analysts to guide both novice and experienced traders, complemented by 24/7 customer service. The trading platform integrates advanced features such as rich charting tools, analysis indicators, and risk management functions like stop-loss and take-profit orders, ensuring simplicity of operation and flexibility in order placement. Deposit & Withdrawal GOLDAY HARVEST offers convenient payment methods for its clients. Two primary payment methods include “UnionPay” and “Paypal,” with a minimum deposit requirement of $50 USD. Clients can utilize these methods for depositing funds into their trading accounts, ensuring accessibility and ease of transactions. When it comes to withdrawals, clients can initiate the process through the online withdrawal option in the fund management system. It's important to note that the withdrawal amount should be less than the available withdrawal balance in the trading account to complete the transaction successfully. Customer Support GOLDAY HARVEST provides comprehensive customer support services to assist clients with their inquiries and concerns. Available around the clock, their 24-hour online self-service portal ensures clients can access assistance at any time, providing convenience and efficiency. Additionally, clients can reach out to their customer support team via phone at +852 37582889 or through email at cs@golday168.com. Whether clients have questions regarding account management, trading processes, technical issues, or general inquiries, GOLDAY HARVEST's dedicated support team is readily available to provide prompt and personalized assistance. Educational Resources GOLDAY HARVEST provides a comprehensive range of educational resources to empower traders with the knowledge and insights needed to make informed trading decisions. Their News Center within the Market Center offers a variety of features, including the latest announcements, promotional activities, real-time news updates, live exchange rates, specialized analyses, market insights, professional commentary, and live broadcasts through the Golday Live feature. Additionally, clients can benefit from the expertise of the Analysts Team, who provide in-depth market analysis, trend forecasts, and trading strategies to help traders navigate the financial markets effectively. Moreover, GOLDAY HARVEST addresses common queries through a dedicated section on FAQs, ensuring that clients have access to relevant information and support. Conclusion GOLDAY HARVEST offers traders a robust trading environment with access to diverse market instruments, competitive spreads, and a versatile trading platform like MT4. Despite its regulatory status being flagged as a clone by regulatory bodies like CGSE and NFA, the platform provides comprehensive customer support and convenient payment methods. However, there are concerns regarding the potential risks associated with its regulatory status and the relatively high minimum deposit requirement of $50 USD. Nonetheless, the availability of demo accounts and educational resources enhances the trading experience, satisfying both novice and experienced traders alike. FAQs Question: What are the account types offered by GOLDAY HARVEST？ Answer: GOLDAY HARVEST provides two main types of accounts: real accounts for actual trading with real money and demo accounts for practice purposes. Question: What payment methods are accepted for deposits and withdrawals？ Answer: GOLDAY HARVEST accepts UnionPay and Paypal for both deposits and withdrawals. The minimum deposit amount required is $50 USD. Question: Is there a demo account available for practice trading？ Answer: Yes, GOLDAY HARVEST offers a demo account for traders to practice trading strategies and familiarize themselves with the platform's features without risking real money. Question: How can I contact customer support at GOLDAY HARVEST？ Answer: GOLDAY HARVEST provides comprehensive customer support services through various channels, including 24/7 online self-service, phone (+852 37582889), and email (cs@golday168.com).