Golden Price Forex Broker

Golden Price Forex Broker - Comprehensive Information Guide

1. Broker Overview

　　Golden Price is a financial trading platform that has been operational since 2018. The company is headquartered in Labuan, Malaysia, and is privately held. Golden Price primarily serves a diverse clientele, including retail traders and institutional investors, across various global markets.

　　Since its inception, Golden Price has focused on providing a comprehensive trading experience, offering access to a wide range of financial instruments. The company has achieved significant milestones, including regulatory approval from the Labuan Financial Services Authority (LFSA), which has helped to establish its credibility in the competitive forex market.

　　Golden Price operates under a model that encompasses retail forex trading, CFDs, and other financial services, allowing clients to engage in both speculative and investment activities. The broker aims to provide a user-friendly trading environment, equipped with advanced tools and resources, catering to both novice and experienced traders.

2. Regulatory and Compliance Information

　　Golden Price is regulated by the Labuan Financial Services Authority (LFSA), holding the license number MB/19/0030. The LFSA is responsible for overseeing financial institutions operating in the Labuan International Business and Financial Centre, ensuring compliance with local laws and regulations.

　　The regulatory license of Golden Price is valid for conducting specific financial investment activities, including forex trading and CFDs. The broker adheres to strict compliance measures, including Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols, which are essential for maintaining the integrity of its operations.

　　Client funds are kept in segregated accounts, ensuring that they are distinct from the company's operational funds. This practice is crucial for protecting investors' capital in the event of financial instability. Furthermore, Golden Price participates in investor compensation schemes, providing an additional layer of security for its clients.

3. Trading Products and Services

　　Golden Price offers an extensive range of trading products, catering to various investment strategies. The broker provides access to over 700 trading instruments, including:

• Forex Pairs: Golden Price offers a wide selection of currency pairs, encompassing major, minor, and exotic currencies.
• CFDs: Clients can trade Contracts for Difference (CFDs) across various asset classes, including indices, commodities, and stocks.
• Commodities: The broker provides trading options for precious metals such as gold and silver, as well as energy products.
• Indices: Traders can speculate on major global indices, enhancing their portfolio diversification.

　　Golden Price continuously updates its product offerings to meet market demands and client preferences. The broker also provides retail trading services, allowing individual investors to access global financial markets efficiently.

4. Trading Platforms and Technology

　　Golden Price supports the MetaTrader 5 (MT5) trading platform, which is renowned for its advanced features and user-friendly interface. The MT5 platform allows traders to execute trades seamlessly across various devices, including desktop computers, web browsers, and mobile applications for both iOS and Android.

　　The broker does not offer a proprietary trading platform but instead focuses on enhancing the MT5 experience with additional tools and resources. Golden Price operates on an STP (Straight Through Processing) model, ensuring that trades are executed quickly and efficiently with minimal slippage.

　　The broker's server infrastructure is robust, designed to handle high volumes of trading activity while maintaining optimal performance. Additionally, Golden Price supports API access for automated trading, catering to algorithmic traders seeking to implement their strategies effectively.

5. Account Types and Trading Conditions

　　Golden Price offers various account types to accommodate different trading needs:

• Standard Account: Requires a minimum deposit of $100, with variable spreads and no commission on trades.
• Islamic Account: This account type is designed for traders who adhere to Islamic finance principles, offering swap-free trading options for a limited duration.
• Demo Account: A free demo account is available, providing traders with virtual funds to practice their strategies without risking real capital.

　　The broker allows leverage up to 1:100, which enables clients to control larger positions with a smaller amount of capital. The minimum trade size is typically 0.01 lots, allowing for flexible trading strategies. Golden Price also implements overnight fees for positions held beyond the trading day, ensuring transparency in trading costs.

6. Fund Management

　　Golden Price supports various deposit methods, including:

• Bank Transfers
• Credit/Debit Cards
• E-Wallets such as Neteller and Skrill

　　The minimum deposit requirement is set at $100, and deposits are processed promptly, usually within a few business days. Golden Price does not charge any fees for deposits, although third-party payment providers may impose their own charges.

　　Withdrawal options include the same methods as deposits, and the processing time for withdrawals typically ranges from 1 to 3 business days. Golden Price maintains a transparent fee structure, ensuring that clients are aware of any potential costs associated with their transactions.

7. Customer Support and Educational Resources

　　Golden Price offers customer support through multiple channels, including:

• Email Support
• Phone Support
• Social Media Platforms

　　The support team is available during business hours, providing assistance in several languages, including English and Mandarin. However, live chat support is currently not available.

　　To enhance the trading experience, Golden Price provides a range of educational resources, including webinars, tutorials, and market analysis reports. These resources are designed to help traders improve their skills and stay informed about market developments.

8. Regional Coverage and Restrictions

　　Golden Price primarily serves clients in Asia, particularly in Malaysia and surrounding regions. The broker has established a presence in multiple countries, offering localized services to meet the diverse needs of its clientele.

　　However, Golden Price does not accept clients from certain jurisdictions, including the United States, Canada, and countries under international sanctions. This restriction ensures compliance with regulatory requirements and mitigates potential risks associated with operating in high-risk regions.

　　In conclusion, Golden Price provides a comprehensive trading platform with a diverse range of products and services, supported by regulatory oversight and a commitment to client security. As a golden price broker, it aims to deliver a reliable trading experience for both retail and institutional clients.