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GoldSilver Central foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website http://www.goldsilvercentral.com.sg, about the company's legal and temporary regulatory information, the company's address 3 Pickering Street #01-15/16 Nankin Row Singapore 048660.

GoldSilver Central Forex Broker

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AspectDetails Company NameGoldSilver Central Registered Country/AreaSingapore Founded Year5-10 years ago RegulationUnregulated Market InstrumentsGold, Silver, Platinum, Numismatic Coins, Collectibles Fees0.25% trading fee for buying and selling Customer SupportPhone at +65 6222 9703, WhatsApp at +65 8893 9255, fax at +65 6750 4513, or email at enquiry@goldsilvercentral.com.sg Deposit & WithdrawalCash, Internet Banking, PayNow, NETS, Telegraphic Transfer, Personal and Cashier's Cheque Educational ResourcesSimple FAQ, User GuideOverview of GoldSilver Central GoldSilver Central, founded 5-10 years ago and located in Singapore, specializes in trading precious metals such as gold, silver, and platinum. The platform operates without regulatory oversight. Users can trade with a low fee of 0.25% for both buying and selling, and face high distributor fees of 3% for smaller transactions. Payment methods include cash, internet banking, PayNow, NETS, telegraphic transfer, and cheques. Customer support is accessible via phone, WhatsApp, fax, and email.Regulatory Status GoldSilver Central operates without regulatory oversight, meaning it is not monitored by any official financial authority. This lack of regulation can lead to higher risks for investors, as there is no guarantee of protection or adherence to industry standards.Pros and Cons ProsCons Low trading fees (0.25% per transaction)Unregulated Various payment methodsHigh distributor's fees for small trades (3%) No storage fees for unallocated gold and platinumLimited range of trading assets Various customer support channelsBasic educational resources only Pros Low Trading Fees: GoldSilver Central charges a low trading fee of 0.25% per transaction, making it cost-effective for frequent traders.Various Payment Methods: The platform supports multiple payment options, including cash, internet banking, PayNow, NETS, telegraphic transfer, and personal and cashier's cheques, providing flexibility for users.No Storage Fees for Unallocated Gold and Platinum: Users storing unallocated gold and platinum do not incur any storage fees, reducing overall costs.Various Customer Support Channels: Customers can reach support through multiple channels, including phone, WhatsApp, fax, and email, ensuring accessibility and convenience. Cons Unregulated: GoldSilver Central operates without regulatory oversight, potentially increasing risks for investors due to the lack of official monitoring and protection.High Distributor's Fees for Small Trades: The platform charges a high distributor's fee of 3% for small trades between USD 5,000.00 and USD 9,999.99, which can be costly for smaller investors.Limited Range of Trading Assets: Despite offering various precious metals, the overall range of trading assets is somewhat limited compared to other platforms, potentially restricting investment opportunities.Basic Educational Resources: The educational resources provided, such as the Simple FAQ and User Guide, are basic and are not sufficient for users seeking in-depth market analysis or advanced trading strategies.Market Instruments GoldSilver Central focuses on precious metal trading. Their offerings include 514 different gold products and 343 silver products. Platinum is represented by 53 products, while the platform also features 38 items under the GSC Emotionals category and 63 proof coins and collectibles.How to Open an Account？ Visit the Website: Go to the official GoldSilver Central website.Navigate to Account Registration: Find and click on the “Open an Account” or “Sign up” button, located at the top right corner of the homepage. Fill in Personal Details: Complete the registration form with your personal information, including full name, contact details, and email address.Provide Identification: Upload required identification documents, such as a government-issued ID and proof of address, for verification purposes.Agree to Terms: Read and accept the terms and conditions of GoldSilver Central.Submit Application: Submit the completed application form and wait for a confirmation email from GoldSilver Central to finalize your account setup.Spreads &Commissions GoldSilver Central charges various fees for trading and storing precious metals. The Trading Fees for both buying and selling are set at 0.25% of the transacted amount. The Distributor's Fees for buying range from 3.00% for transactions between USD 5,000.00 to USD 9,999.99, down to 2.00% for amounts of USD 100,000.00 and above. For selling, the Distributor's Fee is 3.00% for transactions between USD 5,000.00 to USD 9,999.99, with a flat rate of 1.0% for all amounts. Compared to popular brokers, GoldSilver Central's trading fees of 0.25% are relatively standard, but the distributor fees, particularly for lower transaction amounts, are higher. For example, many brokers typically charge lower percentages or flat fees for larger transactions, making GoldSilver Central's fees more suitable for smaller, frequent traders rather than large, high-volume investors. Additionally, there is a Certificate Fee of USD 50.00 and Storage Fees for pooled allocated silver at 0.95%. Gold and platinum have no storage fees for unallocated accounts.Deposit & Withdrawal GoldSilver Central offers various payment methods for customer convenience. You can make Cash Payments in SGD at their retail store or upon order collection. For online purchases, an advance payment of 20% is required to lock in the order, with the balance payable within five business days. Internet Banking and PayNow provide electronic transfer options, while NETS allows direct debit transactions. Telegraphic Transfer is available for international payments. Personal and Cashier's Cheques are also accepted. For online orders, GoldSilver Central requires a minimum deposit of 20% of the total purchase amount to secure the order.Customer Support GoldSilver Central offers customer support through various channels. Customers can reach them by phone at +65 6222 9703, WhatsApp at +65 8893 9255, fax at +65 6750 4513, or email at enquiry@goldsilvercentral.com.sg. For payment and accounts matters, contact accounts@goldsilvercentral.com.sg. Operating hours are Monday to Friday, 10am to 5.45pm, and Saturday, 10am to 12.45pm. They are closed on Sundays and Public Holidays.Educational Resources GoldSilver Central provides basic educational resources, including a Simple FAQ and a User Guide. The FAQ section addresses common questions about trading, payment methods, and account management, offering straightforward answers to help users navigate the platform. The User Guide provides step-by-step instructions for account setup, trading processes, and utilizing various features. While these resources are helpful for beginners, they can be limited for advanced investors seeking in-depth market analysis or sophisticated trading strategies.Conclusion GoldSilver Central offers a range of advantages, including low trading fees of 0.25% per transaction and various payment methods like cash, internet banking, and PayNow. Additionally, there are no storage fees for unallocated gold and platinum. However, the platform's disadvantages include its unregulated status, which poses potential risks. Distributor fees can be high, reaching 3% for transactions between USD 5,000.00 and USD 9,999.99, and educational resources are limited to a basic FAQ and User Guide.FAQ What is the trading fee for buying and selling？ GoldSilver Central charges a trading fee of 0.25% for both buying and selling transactions. What are the distributor's fees？ Distributor's fees are 3% for transactions between USD 5,000.00 and USD 9,999.99, and 2% for amounts over USD 100,000.00. Selling fees are 3% for transactions between USD 5,000.00 and USD 9,999.99, and 1.0% for all other amounts. Which payment methods are accepted？ The platform accepts cash, internet banking, PayNow, NETS, telegraphic transfer, and personal and cashier's cheques. Are there any storage fees for metals？ There are no storage fees for unallocated gold and platinum, but pooled allocated silver incurs a 0.95% fee. What educational resources are available？ GoldSilver Central provides a basic FAQ and User Guide for educational purposes.Risk Warning Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

GoldSilver Central broker review

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Pros

Offers a variety of financial instruments, including forex, CFDs, commodities, and indices.

Established in 2011, providing a level of experience in the market.

Competitive pricing for physical bullion trading in gold, silver, and platinum.

Cons

Unregulated status raises significant concerns regarding client fund safety and protection.

Lack of transparency in fee structures and potential hidden costs.

Mixed customer feedback, with reports of poor customer service and delayed withdrawals.

Basic Information

Registered Region

Singapore

Operating Period

Company Name

GoldSilver Central Pte Ltd

Abbreviation

GoldSilver Central

Company employee

Customer Service Email Address

enquiry@goldsilvercentral.com.sg

Contact Number

+6562229703

Company Website

http://www.goldsilvercentral.com.sg

Company Address

3 Pickering Street #01-15/16 Nankin Row Singapore 048660

Facebook

https://www.facebook.com/GoldSilverCentral/

How to login to GoldSilver Central?

GoldSilver Central Complete Account Guide: Registration, Account Opening, and Login Processes GoldSilver Central is a prominent platform for trading precious metals, offering users a streamlined experience for investing and managing their assets. This comprehensive guide provides clear instructions on how to register, open an account, and log in to GoldSilver Central, ensuring you can navigate the platform with confidence. Part One: Account Registration Process How to Register a GoldSilver Central Account Step 1: Accessing the Registration Page To begin the registration process, navigate to the GoldSilver Central website. Look for the “Sign Up” or “Register” button, typically located at the top right corner of the homepage. Click on it to access the registration page. (Insert screenshot of registration page here) Step 2: Filling in Required Information On the registration page, you will be prompted to fill in essential details such as your full name, email address, phone number, and a secure password. Ensure that the information is accurate to avoid issues later in the process. Step 3: Email/Phone Verification After submitting your information, you will receive a verification email or SMS. Follow the instructions in the message to verify your email address or phone number. This step is crucial for account security. Step 4: Identity Verification (if required) Depending on your region and the type of account you are opening, you may need to provide additional identity verification documents. This could include a government-issued ID and proof of residence. Ensure you have these documents ready for submission. Step 5: Registration Confirmation Once all steps are completed, you will receive a confirmation message indicating that your registration is successful. You can now proceed to log in to your account. Common Registration Issues and Solutions Email Not Received: Check your spam or junk folder. If it's not there, request a new verification email. Incorrect Information: If you notice an error after registration, contact customer support for assistance in updating your details. Identity Verification Delays: Ensure that all documents are clear and legible. If you're facing delays, reach out to support for guidance. Regional Differences in Registration While the registration process is generally consistent, some regions may have specific requirements, such as additional documentation or age restrictions. Always check the GoldSilver Central website for the latest regional guidelines. Part Two: Account Opening Process GoldSilver Central Account Opening Detailed Guide The account registration and account opening processes are distinct. Registration creates your account, while account opening involves selecting the type of account and providing necessary documentation. Preparation Work Before Account Opening Before you initiate the account opening process, gather the required documents, including your identification and proof of address. Familiarize yourself with the types of accounts offered to select the one that best suits your investment goals. Detailed Account Opening Steps Step 1: Selecting Account Type Log in to your registered account and navigate to the account opening section. Choose the type of account you wish to open. Options may include individual accounts, joint accounts, or retirement accounts. Step 2: Submitting Required Documents Upload the necessary documents for verification, which typically include a government-issued ID and a recent utility bill or bank statement. Ensure that the documents are clear and meet the specified requirements. Step 3: Account Review Process After submission, your documents will undergo a review process. This may take anywhere from a few hours to several days, depending on the volume of applications. Step 4: Account Activation Upon successful review, you will receive an email confirming that your account is activated. This email will contain important details, including your account number. Step 5: Initial Setup Once your account is activated, log in to GoldSilver Central and complete any additional setup steps, such as linking your bank account for transactions. Frequently Asked Questions About Account Opening What documents are required？ A government-issued ID and proof of address are typically required. How long does the account opening process take？ The review process can take several hours to a few days. Can I open multiple accounts？ Yes, you may open multiple accounts as long as they are for different purposes. Next Steps After Opening an Account After opening your account, familiarize yourself with the platforms features, including trading options and account management tools. Consider setting up security features such as two-factor authentication for added protection. Part Three: Login Guide GoldSilver Central Login Process Explained Logging into your GoldSilver Central account is a straightforward process that allows you to access your investment portfolio and manage your assets. Step 1: Navigate to the Login Page Visit the GoldSilver Central website and click on the “Login” button located at the top right corner of the homepage. (Insert screenshot of login page here) Step 2: Enter Your Credentials Input your registered email address and password in the designated fields. Ensure that you enter the correct details to avoid login issues. Step 3: Two-Factor Authentication (if enabled) If you have enabled two-factor authentication, you will need to enter the code sent to your registered email or phone number. Step 4: Click on Login After entering your credentials, click the “Login” button to access your account. Step 5: Dashboard Access Once logged in, you will be directed to your account dashboard, where you can view your portfolio, make trades, and manage your account settings. Mobile App Login Process If GoldSilver Central has a mobile app, the login process is similar. Open the app, enter your credentials, and follow any additional security prompts. Other Login Methods GoldSilver Central may offer third-party login options, such as Google or social media accounts, for convenience. Look for these options on the login page. Common Login Issues and Solutions Forgotten Password: Click on the “Forgot Password？” link on the login page and follow the instructions to reset your password. Account Lockout: If your account is locked due to multiple unsuccessful login attempts, wait for a specified period before trying again or contact support for assistance. Technical Issues: Ensure your browser is updated and clear your cache if you encounter loading issues. Overview of Features After Login Upon logging in, you can access various features, including trading tools, account settings, and transaction history. Familiarize yourself with these tools to maximize your investment experience. Additional Sections Account Security Recommendations Enable Two-Factor Authentication: This adds an extra layer of security to your account. Use Strong Passwords: Create unique passwords that are difficult to guess. Monitor Account Activity: Regularly check your account for any unauthorized transactions. Best Practices for Account Management Keep Your Information Updated: Ensure your contact details are current to receive important notifications. Regularly Review Investment Goals: Adjust your investment strategy based on market conditions and personal financial goals. How to Get Technical Support If you encounter issues during registration, account opening, or login, contact GoldSilver Centrals customer support via email or phone. They can assist with any technical difficulties or account-related inquiries. By following this guide, you will be well-equipped to navigate the GoldSilver Central platform for all your precious metal investment needs. Whether you are registering for the first time or looking to manage your account, these steps will ensure a smooth experience.

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Goldsilver Central Broker - Complete Information Guide

1. Broker Overview

Goldsilver Central Pte Ltd, established in 2011, is a private company headquartered at 3 Pickering Street, #01-15/16, Nankin Row, Singapore 048660. The company specializes in physical bullion trading, focusing on gold, silver, and platinum, providing real-time pricing and a comprehensive range of services. Goldsilver Central broker primarily serves individual investors and institutional clients looking to diversify their portfolios through precious metals.

Since its inception, Goldsilver Central has achieved significant milestones, including becoming an authorized distributor for Perth Mint products and a local associate corporate member of the Singapore Bullion Market Association (SBMA). The company has positioned itself as a key player in the Southeast Asian bullion market, offering a variety of services, including bullion trading, storage solutions, collateral loans, and a unique savings accumulation program.

Goldsilver Central operates primarily in the retail bullion market, providing clients with the opportunity to buy, sell, and store precious metals. The company's business model emphasizes customer service and education, helping clients understand the benefits of investing in physical bullion.

2. Regulatory and Compliance Information

Goldsilver Central operates under the regulatory framework of Singapore but is currently unregulated. The company is compliant with the Precious Stones and Precious Metals (Prevention of Money Laundering and Terrorism Financing) Act 2019. However, it lacks a specific license number associated with a regulatory body.

The company adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures to ensure the security of its operations and the legitimacy of its clientele. This includes verifying the identity of clients and monitoring transactions to prevent illicit activities.

Goldsilver Central maintains a policy of client funds segregation, ensuring that customer assets are kept separate from the company's operational funds. However, the absence of an investor compensation fund raises concerns about the protection of client investments in the event of financial difficulties.

3. Trading Products and Services

Goldsilver Central broker offers a diverse range of trading products, primarily focusing on precious metals. The company provides access to a variety of forex pairs, although the specific number of currency pairs available is not detailed in the sources.

In addition to forex, Goldsilver Central offers Contract for Difference (CFD) products across different asset classes, including indices, commodities, and stocks. The company is also known for its unique savings accumulation program (GSAP), which allows clients to accumulate physical gold, silver, and platinum on a monthly basis.

The product offerings are regularly updated, with new items being added based on market demand and client interest. Goldsilver Central caters to both retail and institutional clients, providing tailored services to meet their specific needs.

4. Trading Platform and Technology

Goldsilver Central does not support MetaTrader 4 or MetaTrader 5, which are popular trading platforms among forex brokers. Instead, the company has developed its own proprietary trading platform, which is designed to provide a seamless trading experience for users.

The trading platform is accessible via a web-based interface, allowing clients to trade from any device with internet access. Additionally, Goldsilver Central offers a mobile application for both iOS and Android users, enabling clients to manage their accounts and execute trades on the go.

The broker employs an ECN (Electronic Communication Network) execution model, ensuring fast and transparent trade execution. The company's servers are strategically located to enhance performance and reduce latency, providing clients with a reliable trading environment.

Goldsilver Central also supports API access, allowing clients to engage in automated trading strategies and integrate their trading systems with the broker's platform.

5. Account Types and Trading Conditions

Goldsilver Central broker provides various account types to cater to different trading needs. The standard account requires a minimum deposit, which is not explicitly stated in the sources, and offers competitive spreads and commissions.

For more experienced traders, the broker may offer premium or professional accounts, although specific details about these account types are not provided. Goldsilver Central also offers Islamic accounts, ensuring compliance with Sharia law for clients who require such options.

The broker provides a demo account for new traders, allowing them to practice trading strategies without financial risk. Leverage options vary across different products, with specific ratios not detailed in the sources.

The minimum trade size and overnight fees are also not explicitly mentioned, but clients can expect standard industry practices regarding these conditions.

6. Fund Management

Goldsilver Central supports multiple deposit methods, including bank transfers, credit cards, and e-wallets. The minimum deposit requirements vary by account type, but specific amounts are not disclosed in the sources.

Deposit processing times are typically swift, with most transactions being completed within one business day. However, any fees associated with deposits are not clearly outlined in the available information.

Withdrawals can be made through the same methods as deposits, with specific limitations not provided. Withdrawal processing times are generally within a few business days, and any fees related to withdrawals are not explicitly stated.

7. Customer Support and Educational Resources

Goldsilver Central broker provides customer support through various channels, including telephone, email, and online chat. The support team is available during business hours, which are Monday to Friday, from 10 AM to 5:45 PM Singapore time.

The broker offers multilingual support, although specific languages are not detailed in the sources. Educational resources include webinars, tutorials, and e-books aimed at helping clients understand the precious metals market and trading strategies.

Market analysis services are also available, providing clients with daily updates, news, and research reports to assist them in making informed trading decisions. The broker also offers trading tools such as calculators and economic calendars to enhance the trading experience.

8. Regional Coverage and Restrictions

Goldsilver Central primarily services clients in Singapore and the broader Southeast Asian region. The company's physical presence in Singapore allows it to cater effectively to local investors.

The broker operates a centralized office and does not have additional regional offices. However, it does provide services to international clients, although specific countries from which clients are not accepted are not mentioned in the available sources.

Certain restrictions may apply to clients from countries with specific regulatory limitations, but detailed information on these restrictions is not provided.

In conclusion, Goldsilver Central broker offers a range of services and products tailored to meet the needs of precious metal investors. While it operates without significant regulatory oversight, its commitment to compliance and customer service positions it as a viable option for those looking to invest in gold, silver, and platinum in Singapore.

Latest Reviews

哀れな凡人

South Korea

I know GoldSilver Central through a friend on Twitter, and this broker did not leave me a good impression. Their products and services are poor, and their customer service is not professional at all. I gave up using this company immediately.

37130

2023-03-06

GoldSilver Central Forex Broker has an overall rating of 1.56, Regulatory Index 0.00, License Index 0.00, Business Index 7.42, Software Index 4.00 Risk Control Index 0.00.

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Basic Information

Goldsilver Central Broker - Complete Information Guide

1. Broker Overview

2. Regulatory and Compliance Information

3. Trading Products and Services

4. Trading Platform and Technology

5. Account Types and Trading Conditions

6. Fund Management

7. Customer Support and Educational Resources

8. Regional Coverage and Restrictions

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