Golden Deer Fx Forex Broker

Golden Deer Fx Review SummaryFounded2024Registered Country/RegionSt LuciaRegulationNo regulationMarket InstrumentsForex, stocks, commodities, futures, bonds, cryptocurrenciesDemo Account✅SpreadFloating From 0 pipsLeverage Up to 1:400Trading PlatformMT5Minimum Deposit$100Customer SupportContact form, Live chatTEL: +97142856675Email: support@goldendeerfx.comRegistered Address: Top Floor, Rodney Court Building, Rodney Bay, Gros-Islet, St Lucia. LC01 101Office no : 1011, The Regal tower, 1501 Al Mustaqbal St, Business Bay, DubaiRestricted AreasUSA, Iran, North Korea, SudanGolden Deer Fx Information Golden Deer Fx is a brokerage company registered in St Lucia while physically operates in Dubai, UAE. It offers trading services in more than 1000 financial instruments, including forex, stocks, commodities, futures, bonds, and cryptocurrencies. The broker provides a demo account for practicing before actual trading and 3 tiered live accounts for different client groups. To protect customer funds, Golden Deer Fx implements segregated accounts to separate client assets from operational funds. Furthermore, the broker does not charge trading commissions, which considerably reduces trading costs for customers. However, the broker is not being well-regulated by any official authorities so far, which degrades its credibility and trustworthiness.Pros and ConsPros Cons Demo accounts availableNo regulationTiered accountsNo services in several countriesMT5 platformFund segregationZero commissionIs Golden Deer Fx Legit? The most important factor in measuring the safety of a brokerage platform is whether it is formally regulated. Golden Deer Fx is an unregulated broker, which means that the safety of users' funds and trading activities are not effectively protected. Investors should choose Golden Deer Fx with caution.What Can I Trade on Golden Deer Fx? Golden Deer Fx offers 1,000+ trading instruments: Tradable Instruments Supported Forex✔Stocks✔Commodities✔Futures✔Bonds✔Cryptocurrencies✔Indices❌Options❌ETFs❌Account Type & Fees To start with Golden Deer Fx, you are suggested to start with a free demo account with virtual money to practice and get familiar with the platform first. After gaining enough experience and confidence, you can go one step further to open a live account. It's suggested you go with the Standard account with a minimum deposit of $100 first. Then beining more professional, you can try higher accounts wiht more initial investments.Account TypeMinimum DepositSpread CommissionStandard $100Floating from 0 pip❌Pro$5,000ECN$10,000Leverage Golden Deer Fx offers leverage up to 1:400 for all account types. It's always wise to be cautious with leverage since it's a double-edged sword which signifies your profits as well as losses at the same level.Trading Platform Golden Deer Fx offers the most popular and well-recognized MetaTrader 5 platform, which has user-friendly interface, robust analysis tools and most updated market updates to allow traders to make data-driven decisions. Traders can access the platform via web, Windows, and both iOS and Android phones, withi no limitation for devices.Trading PlatformSupported Available Devices Suitable for MT5✔Web/ Windows/iOS / AndroidExperienced tradersMT4❌/BeginnersDeposit and Withdrawal For deposits, the broker allows for local bank transfers, debit/credit cards, Bitcoin, Tether, Perfect Money and wire transfers. Each with different minimum amount requirements and processing time between 1 hour to 5 days. Deposits are free with this broker.Deposit MethodsMinimum DepositDeposit TimeLocal BankUSD 250Up to 24 hoursDebit/Credit CardsUp to USD 1001-3 hoursBitcoin0.002 BTC1-6 hoursTetherUSD 100Perfect MoneyWire TransferUSD 5,000Up to 5 days However, for withdrawals, only Bitcoin and Tether are accepted. You need to withdraw at least USD100, and processing time will be 24 hours.