GoldTrade Forex Broker

GoldTrade Review SummaryFounded2010Registered Country/RegionUnited Arab EmiratesRegulationNo regulationProducts and ServicesOnline bullion store, precious metals, gold bars & coins, gemstonesDemo Account✅Trading PlatformBullion Web Trader, GoldTrade Mobile PlatformMinimum Deposit/Customer SupportTel: +971 50 9674 802Email: info@GoldTrade.aeGoldTrade Information GoldTrade, founded in 2010 and headquartered in the UAE, offers an online bullion platform that sells gold, silver, and gemstones to retail and investment clients. While it offers a wide range of account types and convenient digital access, the firm is unregulated, which has trading risks.Pros and ConsProsConsOffers online bullion trading for gold, silver, and gemstonesNo regulationMultiple account typesUnclear fee structuresDesktop and mobile trading platforms availableLimited information about minimum depoistIs GoldTrade Legit? GoldTrade is not licensed or overseen by any regulatory authority in its registered location (United Arab Emirates). Additionally, it does not hold licenses from major international regulators such as the FCA (UK), ASIC (Australia), CySEC (Cyprus), or CFTC/NFA (US).Products and Services GoldTrade offers an online bullion store providing physical precious metals, including gold bars, coins, and gemstones, for retail and investment customers.Product/ServiceSupportedOnline Bullion Store✔Precious Metals✔Gold Bars & Coins✔Gemstones✔Account Type GoldTrade has many live account types geared to individuals, businesses, and savings programs, as well as an IB (Introducing Broker) account. It also has a demo account for practice, but no mention of an Islamic account.Account TypeSuitable forDemo AccountBeginners who want to practice without real moneyIndividual AccountRetail individuals trading or investing in bullionCorporate AccountCompanies managing larger-volume bullion tradesGold Saving AccountIndividuals focused on long-term gold savings plansIB AccountIntroducing Brokers who refer new clients to GoldTradeGoldTrade Fees GoldTrade promises to have cheaper fees than the traditional gold shop business, with minimum redemption (conversion) fees and acceptable prices for online gold buying and selling.Trading PlatformTrading PlatformSupportedAvailable DevicesBullion Web Trader✔DesktopGoldTrade Mobile Platform✔MobileDeposit and Withdrawal GoldTrade does not clearly state if it charges deposit or withdrawal fees, and the minimum deposit is not mentioned. Deposit OptionsDeposit OptionsMinimum DepositDeposit FeesDeposit Processing TimeBullion Deposit (Gold/Silver bars)//After purity verification, credited at spot priceBank Wire TransferAfter bank transfer confirmationCash Deposit (ATM)After deposit confirmation and receipt sent Withdrawal OptionsWithdrawal OptionsMinimum WithdrawalWithdrawal FeesWithdrawal Processing TimeFund Withdrawal //Upon receipt of fully completed withdrawal form