Search

GoldTrade foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://www.goldtrade.ae/live-account.html, about the company's legal and temporary regulatory information, the company's address .

GoldTrade Forex Broker

Basic Information

Registered Region
United Arab Emirates
Operating Period
--
Company Name
RKV Gold Trade LLC.
Abbreviation
GoldTrade
Company employee
--
Customer Service Email Address
info@GoldTrade.ae
Contact Number
+971509674802
Company Website
Keywords
2-5 years
Suspicious Regulatory License
High potential risk

Company profile

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

GoldTrade broker review

Rating Index

  

Gold Trade Brokers - Complete Information Guide

  

1. Overview of the Broker

  Gold Broker, founded in 2011, is a prominent online platform that allows individuals and corporations to invest in physical gold and silver. The company is headquartered in New York City, USA, with additional offices in Malta and London. Gold Broker operates as a private entity under the parent company FDR Capital LLC.

  The primary market served by Gold Broker includes retail investors looking to diversify their portfolios with precious metals, as well as institutional clients seeking secure storage solutions for their assets. Over the years, Gold Broker has established a strong reputation in the precious metals market, offering a wide range of products, including gold bars, silver bullion, and various coins.

  Gold Broker aims to provide a secure and reliable way for investors to protect and grow their wealth through physical gold and silver. The platform emphasizes outright ownership of the metals, ensuring that clients have direct access to their assets without the need for intermediaries. This business model allows clients to purchase, store, and sell precious metals easily.

  The company has achieved several important milestones since its inception, including partnerships with reputable storage facilities and a commitment to transparency and customer service. The leadership team, including CEO Fabrice Drouin Ristori, brings decades of experience in the financial sector, reinforcing the company's credibility as a gold trade broker.

  

2. Regulatory and Compliance Information

  Gold Broker operates under the regulations of various financial authorities, ensuring adherence to industry standards. The primary regulatory bodies overseeing gold trading in the United States include:

  • Commodity Futures Trading Commission (CFTC): Responsible for regulating futures and options markets, including gold.
  • Securities and Exchange Commission (SEC): Oversees investment vehicles like gold exchange-traded funds (ETFs).

  While Gold Broker does not have a specific regulatory number associated with its operations, it complies with the necessary laws to ensure a secure trading environment. The company is committed to maintaining high standards of transparency and ethical practices in its dealings.

  Gold Broker implements a Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance program to verify the identity of its clients and prevent illicit activities. This includes thorough background checks and documentation requirements for all clients.

  Additionally, client funds are kept in segregated accounts to ensure safety and security. Gold Broker does not currently participate in any investor compensation schemes, but the company provides insurance for stored precious metals, protecting clients against potential risks.

  

3. Trading Products and Services

  Gold Broker offers a diverse range of trading products and services tailored to meet the needs of both retail and institutional investors. The key offerings include:

  • Physical Gold and Silver: Clients can purchase gold bars, silver bullion, and various coins. The products are sourced from reputable refiners and are available in different sizes and quantities.
  • Gold IRA Services: The platform facilitates the setup of self-directed gold IRAs, allowing clients to diversify their retirement savings with precious metals.
  • Buyback Program: Gold Broker offers a buyback option, enabling clients to sell their precious metals back to the company at competitive market rates.

  The trading platform provides access to a wide array of financial instruments, including:

  • Forex Currency Pairs: A selection of major and minor currency pairs is available for trading.
  • CFD Products: Clients can trade Contracts for Difference (CFDs) on various assets, including commodities and indices.

  Gold Broker frequently updates its product offerings and is committed to expanding its selection based on market demand. The platform focuses on providing excellent retail trading services while catering to institutional clients through tailored solutions.

  

4. Trading Platforms and Technology

  Gold Broker provides a user-friendly trading experience through its online platform. While the company does not support MetaTrader 4 or 5, it offers a proprietary trading interface that is designed for ease of use and accessibility.

  Key features of the trading platform include:

  • Web-Based Trading Platform: Clients can access the platform from any device with an internet connection, allowing for seamless trading experiences.
  • Mobile Application: Gold Broker offers a mobile app compatible with iOS and Android devices, enabling users to trade on the go.
  • Execution Model: The platform operates on a Market Making model, ensuring competitive pricing and efficient order execution.

  Gold Broker invests in robust server infrastructure to ensure minimal downtime and fast execution speeds. Additionally, the platform supports API integration, allowing for automated trading solutions for advanced users.

  

5. Account Types and Trading Conditions

  Gold Broker offers a variety of account types to cater to different investor needs. The standard account conditions include:

  • Minimum Deposit: The minimum deposit requirement is $10,000 for the first order and $5,000 for subsequent orders.
  • Spreads: Gold Broker maintains competitive spreads on its trading products, though specific rates may vary based on market conditions.
  • Commission Structure: The platform does not disclose upfront commission fees, as they may vary depending on the transaction size.

  For advanced traders, Gold Broker offers specialized accounts, including:

  • VIP Accounts: Tailored for high-net-worth individuals, offering enhanced trading conditions and personalized service.
  • Islamic Accounts: Designed to comply with Sharia law, these accounts do not charge interest on overnight positions.

  Gold Broker provides a demo account option for new users to practice trading without financial risk. Leverage varies based on the product, with maximum ratios typically around 1:100. The minimum trade size is flexible, accommodating both novice and experienced traders.

  

6. Fund Management

  Gold Broker supports a range of deposit methods to facilitate easy funding of accounts. Accepted methods include:

  • Bank Transfers
  • Credit/Debit Cards
  • E-Wallets

  The minimum deposit requirement varies by account type, with standard accounts starting at $10,000. Deposits are processed promptly, typically within 1-3 business days. Gold Broker does not charge deposit fees.

  Withdrawal methods include:

  • Bank Transfers
  • Checks

  Withdrawal processing times can vary, generally taking between 3-5 business days. Gold Broker maintains a transparent fee structure for withdrawals, ensuring clients are informed of any applicable charges.

  

7. Customer Support and Educational Resources

  Gold Broker provides comprehensive customer support to assist clients with their inquiries and trading needs. Support channels include:

  • Phone Support
  • Email Support
  • Live Chat
  • Social Media

  The customer service team is available during standard business hours, ensuring timely responses to client queries. Gold Broker offers multi-language support, catering to a diverse client base.

  To enhance client education, Gold Broker provides various educational resources, including:

  • Webinars
  • Tutorials
  • E-books
  • Market Analysis Reports

  These resources aim to equip traders with the knowledge needed to navigate the gold trading market effectively.

  

8. Regional Coverage and Restrictions

  Gold Broker primarily serves clients in the United States, Europe, and Asia, with a focus on providing international storage solutions for precious metals. The company has regional offices in key locations, including New York, Malta, and London.

  However, Gold Broker does not accept clients from certain jurisdictions, including:

  • Countries with strict trading regulations
  • Regions under economic sanctions

  Specific restrictions may apply based on local laws and regulations, and potential clients are encouraged to verify their eligibility before opening an account.

  In conclusion, Gold Broker stands out as a reliable platform for investing in physical gold and silver, offering a wide range of products and services tailored to meet the needs of various investors. With a commitment to transparency, security, and customer service, Gold Broker is well-positioned in the gold trading market as a trusted gold trade broker.

GoldTrade Similar Brokers

GAD
GAD Forex Broker - Complete Information Guide   1. Broker Overview   GAD Interna
1.43
Score
IDA
IDA Forex Broker - Complete Information Guide   1. Broker Overview   IDA Tech Gr
1.43
Score
ALPFOREX
Alpforex Forex Broker - Complete Information Guide   1. Broker Overview   Alpfor
1.44
Score
1.46
Score
Unverified
South China Bullion
No license plate
1.46
Score
GDI
1.47
Score
Unverified
Exness
No license plate
1.47
Score
Hyper Prime
Hyper Prime Forex Broker - Complete Information Guide   1. Broker Overview   Hyp
1.47
Score
1.47
Score
Bull Street
Bull Street Forex Broker - Complete Information Guide   1. Broker Overview   Bul
1.47
Score
1.47
Score
1.47
Score
Unverified
SquaredFinancial
No license plate
1.47
Score
1.47
Score
Fxtrade-option
FXTrade Option Forex Broker - Complete Information Guide   1. Broker Overview
1.47
Score
Bellon Capital
Bellon Capital Forex Broker - Complete Information Guide   1. Company Overview
1.46
Score
1.47
Score
1.47
Score
1.46
Score
1.46
Score
1.47
Score
Oubo Global
Oubo Global Forex Broker - Complete Information Guide   1. Broker Overview   Oub
1.47
Score
1.46
Score
1.47
Score
Pro Trades
Pro Trades Forex Broker - Complete Information Guide   1. Broker Overview   Pro
1.47
Score
1.47
Score
EU-Crypto Bank
EU Crypto Bank Forex Broker - Complete Information Guide   1. Broker Overview
1.46
Score
1.46
Score
GoldTrade Forex Broker has an overall rating of 1.44, Regulatory Index 0.00, License Index 0.00, Business Index 6.43, Software Index 4.00 Risk Control Index 0.00.