Search

GoldRepublic foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://www.goldrepublic.com/open-account, about the company's legal and temporary regulatory information, the company's address Herengracht 450 1017 CA Amsterdam The Netherlands.

GoldRepublic Forex Broker

Basic Information

Registered Region
Netherlands
Operating Period
--
Company Name
GoldRepublic
Abbreviation
GoldRepublic
Company employee
--
Customer Service Email Address
support@goldrepublic.com
Contact Number
+310207946021
Company address
Herengracht 450 1017 CA Amsterdam The Netherlands
Keywords
5-10 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk

Company profile

Aspect Information Company Name GoldRepublic Registered Country/Area Netherlands Founded Year 2008 Regulation Unregulatory Minimum Deposit No minimum deposit required Maximum Leverage N/A Trading Platforms Web Trader Tradable Assets Gold, silver, and platinum Account Types Personal Account and Business Account Demo Account Unavailable Customer Support Phone, email and message box Deposit & Withdrawal Bank transfers, credit/debit cards, or SOFORT Educational Resources Articles and Guides, News and Analysis,Calculators and FAQ Overview of GoldRepublic Gold Republic is a Netherlands-based company specializing in the sale and storage of physical precious metals like gold, silver, and platinum. It emphasizes direct ownership of these tangible assets, offering secure vault storage and transparent pricing. Clients can choose from personal or business accounts and easily manage their holdings through Gold Republic's web-based trading platform. Deposits can be made through various methods, and withdrawals are available either by selling back to Gold Republic or requesting physical delivery. However, the company's exclusive focus on precious metals limits investment diversification, and additional fees apply for storage and delivery. Regulatory Status GoldRepublic, incorporated in Netherlands, operates without regulation from any recognized financial authority. This lack of regulatory oversight is a major red flag for potential traders, as it means there are no safeguards in place to protect client assets or ensure fair trading practices. Engaging with an unregulated broker like GoldRepublic carries substantial risks, and investors should be aware of the potential consequences before depositing funds. Pros and Cons Gold Republic offers several key advantages for investors interested in physical precious metals. The platform prioritizes direct ownership of assets, eliminating counterparty risk, and provides secure storage in high-security vaults. Transparent pricing and a wealth of educational resources empower investors with the knowledge to make informed decisions. The company's responsive and helpful customer support further enhances the user experience. However, potential drawbacks include premium pricing over the spot price, which may make it less cost-effective compared to other investment options. The focus on physical precious metals limits diversification opportunities, and additional storage and delivery fees can accrue. Moreover, the lack of regulation by financial authorities sow doubts about investor protection and the enforcement of ethical practices. Pros Cons Direct ownership Lack of valid regulatory certificates Secure storage Premium Pricing Transparency Limited Investment Options Various customer support Storage and Delivery Fees Diverse educational resources Market Instruments Gold Republic's core offerings revolve around physical precious metals. Customers can purchase and hold gold, silver and platinum in various forms, such as bars and coins. Gold: Investors can purchase physical gold bullion, which is stored in secure vaults. Gold is sourced from LBMA-accredited refiners, ensuring high purity and quality. GoldRepublic offers full ownership, providing specific bar numbers for transparency. Silver: Similar to gold, silver bullion is available for purchase and secure storage. Silver offers a lower entry point for investors looking to diversify their precious metal holdings. Platinum: Platinum bullion is also offered, stored under the same high-security conditions as gold and silver. This metal provides a unique investment opportunity due to its industrial uses and rarity. Account Types GoldRepublic simplifies its account offerings into two main categories: Personal Account: For individual investors who want to buy and store precious metals. Business Account: For companies and institutional investors, accommodating larger transactions and bulk storage needs. Account Opening Process Opening an account with Gold Republic is a simple and straightforward process: Registration: Customers can create an account on the Gold Republic website by providing basic personal information such as name, email address, and country of residence. Verification: To comply with anti-money laundering (AML) and know-your-customer (KYC) regulations, Gold Republic requires customers to verify their identity by submitting relevant documents like a passport or driver's license. Funding: Once the account is verified, customers can fund their accounts using various payment methods, including bank transfers, credit/debit cards, and SOFORT. Leverage GoldRepublic does not offer leveraged trading options. The platform focuses on the outright purchase of physical metals, providing full ownership and security without the risks associated with leverage. Trading Fees GoldRepublic's fee structure includes: Transaction Fees: Applied to both buying and selling metals. For example, the transaction fee for gold is approximately 1% per transaction. Storage Fees: An annual fee of around 0.5% based on the market value of the stored metals. This fee covers insurance and vault storage costs. Trading Platform GoldRepublic's trading platform is web-based, offering the following features: Real-Time Pricing: Investors can view live prices for gold, silver, and platinum. Portfolio Management: Tools to monitor and manage investments. Secure Transactions: High-security measures ensure the safety of all transactions. Audit Reports: Regular reports verify the presence and value of stored metals, ensuring transparency. Deposit and Withdrawal GoldRepublic provides flexible options for deposits and withdrawals: Deposits: Customers can deposit funds into their Gold Republic accounts using bank transfers, credit/debit cards, or SOFORT. Bank transfers are generally the most cost-effective option, while credit/debit card payments may incur additional processing fees. Withdrawals: Gold Republic offers two withdrawal options: Sell-back: Customers can sell their precious metals back to Gold Republic at the prevailing market price. The proceeds are then credited to their account and can be withdrawn via bank transfer. Physical Delivery: Customers can request physical delivery of their precious metals to a specified address. Delivery fees apply based on the weight and destination of the shipment. Customer Support Options GoldRepublic offers robust customer support through various channels available on work days from 09:00 to 18:00 (GMT+2): Phone Support: +31 (0) 20 794 6021, available during business hours for immediate assistance. Email Support: For detailed inquiries and support requests through emai (support@goldrepublic.com). Message box: Real-time assistance via their website. Educational Resources Gold Republic's website offers a wealth of educational resources on precious metals investing. This includes: Articles and Guides: Informative articles and guides covering various aspects of precious metals, including market trends, investment strategies, and storage options. News and Analysis: Regular updates on market news and expert analysis of the precious metals market. Calculators: Tools for calculating the value of precious metal holdings and estimating potential returns. FAQ Section: A comprehensive FAQ section addressing common questions about precious metals and Gold Republic's services. Conclusion Gold Republic offers a straightforward and transparent platform for investing in physical precious metals like gold, silver, and platinum, emphasizing direct ownership and secure storage. Their educational resources and accessible customer support cater to both novice and experienced investors. However, the lack of regulatory oversight, premium pricing, limited investment options, and additional fees for storage and delivery should be carefully considered by potential investors. FAQs Q: What types of metals can I buy on GoldRepublic? A: You can purchase gold, silver, and platinum bullion. Q: Where are my metals stored? A: Your metals are stored in high-security vaults in Switzerland, Germany, or the Netherlands. Q: Are my investments insured? A: Yes, all stored metals are fully insured against theft and damage. Q: How can I fund my GoldRepublic account? A: Accounts can be funded via bank transfer with no minimum deposit requirement. Q: Can I withdraw my metals physically? A: Yes, you can choose to have your metals delivered to your home, but additional charges apply and you will lose the buy-back guarantee.

Rating Index

How to login to GoldRepublic?
Gold Republic Complete Account Guide: Registration, Account Opening, and Login Processes Gold Republic is an online platform specializing in the buying, selling, and storage of physical precious metals, including gold, silver, and platinum. This comprehensive guide will walk you through the processe

  

Gold Republic Forex Broker - Complete Information Guide

  

1. Broker Overview

  Gold Republic is a prominent online platform for investing in physical precious metals, including gold, silver, and platinum. Established in 2010, the company is headquartered in Amsterdam, Netherlands, and has become a trusted name in the precious metals market. Gold Republic operates as a private company, focusing on providing a transparent and user-friendly experience for both individual and institutional investors.

  The company caters primarily to retail investors who are looking to diversify their portfolios with tangible assets that offer protection against inflation and economic uncertainties. Over the years, Gold Republic has grown significantly, serving approximately 30,000 clients and managing around €300 million in precious metals. A key milestone in its development was obtaining a license from the Dutch Authority for the Financial Markets (AFM), which allows it to operate legally within the Netherlands.

  Gold Republic's business model emphasizes direct ownership of physical bullion, thereby eliminating counterparty risks associated with many financial products. The platform allows users to buy, sell, and store their precious metals securely in high-security vaults located in Switzerland, Germany, and the Netherlands. This focus on precious metals investment positions Gold Republic as a specialized broker in a niche market, appealing to investors looking for a safe haven for their capital.

  

2. Regulatory and Compliance Information

  Gold Republic operates under the supervision of the Dutch Authority for the Financial Markets (AFM), which is responsible for ensuring that financial institutions comply with legal requirements. The AFM license number for Gold Republic is 12020650. This regulatory oversight provides a level of assurance to investors regarding the company's adherence to industry standards.

  However, it is important to note that while Gold Republic is licensed by the AFM, it does not participate in any investor compensation schemes. This means that, in the event of financial difficulties, client funds may not be fully protected. The company implements stringent Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures to ensure the legitimacy of its operations and protect against fraudulent activities.

  Gold Republic emphasizes the segregation of client funds, ensuring that customer deposits are kept separate from the company's operational funds. This practice is crucial in maintaining the financial integrity of the broker and safeguarding client investments.

  

3. Trading Products and Services

  Gold Republic specializes in offering a limited range of trading products primarily focused on precious metals. The platform provides access to the following:

  • Currency Pairs: Gold Republic offers trading in various currency pairs, although specific details on the number of pairs available were not disclosed.
  • CFDs: The broker does not provide a wide range of CFD products, focusing instead on physical precious metals.
  • Unique Products: Investors can purchase physical gold, silver, and platinum bars and coins, which are stored in secure vaults.
  • Retail Trading Services: Gold Republic allows retail clients to buy and sell physical precious metals easily through its online platform.
  • Institutional Services: While primarily focused on retail clients, Gold Republic also offers services tailored to institutional investors.
  • White Label Solutions: The company provides a white-label trading platform for other precious metals providers, allowing them to offer Gold Republic's services under their branding.

  The platform updates its product offerings regularly, ensuring that clients have access to the latest market trends and investment opportunities in precious metals.

  

4. Trading Platforms and Technology

  Gold Republic does not support the popular MetaTrader 4 or 5 platforms. Instead, it operates a proprietary web-based trading platform designed for ease of use. This platform allows users to manage their investments online, with features including:

  • Real-time Pricing: Investors can view live prices for gold, silver, and platinum.
  • Portfolio Management: Tools are available for monitoring and managing precious metal holdings.
  • Security: High-security measures are implemented to ensure the safety of all transactions.
  • API Access: While specific details on API integration were not provided, the platform is designed to facilitate automated trading solutions.

  Additionally, Gold Republic offers mobile support for both iOS and Android devices, enabling users to trade on the go. The execution model primarily focuses on direct purchases of physical metals rather than leveraged trading, emphasizing security and ownership.

  

5. Account Types and Trading Conditions

  Gold Republic offers a straightforward account structure that includes:

  • Standard Account: The minimum deposit requirement is €50, making it accessible for new investors. The platform charges a 1% commission for buying and selling precious metals.
  • Advanced Accounts: While specific advanced account types were not detailed, the broker may offer tailored solutions for institutional clients.
  • Special Accounts: Information regarding Islamic accounts or corporate accounts was not explicitly provided.
  • Demo Accounts: Gold Republic does not offer a demo account option for practice trading.
  • Leverage: The broker does not provide leveraged trading options, focusing instead on direct ownership of physical assets.
  • Minimum Trade Size: Specific minimum trade sizes were not disclosed, but investors can purchase as little as 1 gram of gold.
  • Overnight Fees: Details regarding overnight fees were not available in the provided sources.

  

6. Fund Management

  Gold Republic supports several deposit methods to facilitate easy funding of accounts, including:

  • Deposit Methods: Clients can deposit funds via bank transfers and other electronic payment methods. Credit card payments are not accepted.
  • Minimum Deposit Requirements: The minimum deposit for trading is set at €50 for all account types.
  • Deposit Processing Times: The processing time for deposits is generally quick; however, specifics were not provided.
  • Deposit Fees: No explicit deposit fees were mentioned, indicating that deposits may be free of charge.
  • Withdrawal Methods: Clients can withdraw funds through bank transfers. Specific withdrawal restrictions were not detailed.
  • Withdrawal Processing Times: The time it takes to process withdrawals was not specified, but clients can expect timely processing.
  • Withdrawal Fees: Any applicable withdrawal fees were not disclosed in the available information.

  

7. Customer Support and Educational Resources

  Gold Republic provides various customer support channels to assist clients:

  • Support Channels: Clients can reach out via phone, email, and an online contact form. Social media platforms are also utilized for customer engagement.
  • Service Hours: Support is available during business hours, specifically from 09:00 to 18:00 (GMT +2).
  • Multilingual Support: The platform supports multiple languages, although specific languages were not listed.
  • Educational Resources: Gold Republic offers a variety of educational resources, including articles, guides, and market analysis.
  • Market Analysis Services: Regular updates on market trends and expert analysis are provided to help investors make informed decisions.
  • Trading Tools: Tools such as calculators and market calendars are available to assist clients in their trading activities.

  

8. Regional Coverage and Restrictions

  Gold Republic primarily serves clients in Europe, with a significant presence in the Netherlands, Germany, and Switzerland. The company operates from its headquarters in Amsterdam, with additional vault locations in Zurich and Frankfurt.

  • Main Service Markets: The primary markets served include European countries, especially those within the Eurozone.
  • Regional Offices: Gold Republic has established vaults in key locations, ensuring secure storage for clients' investments.
  • Countries Not Accepted: Specific countries or regions from which clients are not accepted were not disclosed in the available information.
  • Special Restrictions: There may be additional regulations or restrictions based on local laws, but detailed information was not provided.

  In summary, Gold Republic offers a focused and secure platform for investing in physical precious metals, emphasizing transparency and customer service. While there are limitations in product variety and regulatory coverage, the broker's commitment to direct ownership and secure storage makes it a viable option for investors seeking to diversify their portfolios with tangible assets.

GoldRepublic Similar Brokers

Revoked
Avalon
Avalon Forex Broker - Complete Information Guide   1. Broker Overview   Avalon B
1.57
Score
Revoked
SEAGULL
Seagull Forex Broker - Complete Information Guide   1. Broker Overview   Seagull
1.56
Score
Revoked
TransferWise
1.57
Score
Over-Operation
Kyte
No license plate
1.57
Score
PTT
PTT Forex Broker - Complete Information Guide   1. Broker Overview   PTT, offici
1.56
Score
Over-Operation
BRITANNIA
Britannia Forex Broker - Complete Information Guide   1. Overview of the Broker
1.56
Score
Unverified
ECM
ECM Forex Broker - Comprehensive Information Guide   1. Broker Overview   ECM Gr
1.56
Score
Unverified
Schroder
Schroder Forex Broker - Complete Information Guide   1. Overview of the Broker
1.56
Score
LQDFX
LQDFX Forex Broker - Complete Information Guide   1. Broker Overview   LQDFX, es
1.56
Score
Unverified
HighLow
No license plate
1.56
Score
Fineco
Fineco Forex Broker - Complete Information Guide   1. Broker Overview   FinecoBa
1.56
Score
Regulated
INVEXIA
Having a license
5.83
Score
1.74
Score
Unverified
ATM Capital Ltd
ATM Capital Pro Forex Broker - Complete Information Guide   1. Broker Overview
1.90
Score
Regulated
Golden Group
7.62
Score
Regulated
WorldQuest FX
5.02
Score
1.73
Score
Offshore Regulated
MondFx
Having a license
4.54
Score
Offshore Regulated
Dominion Markets
Dominion Markets Forex Broker - Complete Information Guide   1. Broker Overview
6.04
Score
1.13
Score
1.65
Score
Over-Operation
TotalFX
No license plate
4.06
Score
1.83
Score
Regulated
Morgan Stanley
6.65
Score
Offshore Regulated
ROCO
5.54
Score
Regulated
TROY Markets
6.42
Score

Latest Reviews

FX1243896738

FX1243896738

United Kingdom

Initially I was looking for a company to trade precious metals, but I found many that were unregulated, such as GoldRepublic. To be on the safe side I won't be trading here. Can anyone recommend me another company?

37130

2023-02-17

FX1209760213

FX1209760213

India

Open an account with GoldRepublic is not easy, I have to say. I was required to submit my identification documents again and again, still unsuccessful. I asked customer support for help, but they are like robots, not answering you at all.

37130

2023-02-16

GoldRepublic Forex Broker has an overall rating of 1.56, Regulatory Index 0.00, License Index 0.00, Business Index 7.38, Software Index 4.00 Risk Control Index 0.00.
GoldRepublic