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Spring Gold Market Forex broker specializes in providing foreign exchange trading services, the company's official website https://client.sgmar..., the company's legitimate regulatory information AustraliaASICInst Forex Execution (STP) to enhance the security of the company's address Unit B 27/F,Billion Plaza 2,10 Cheung Yue Street,Cheung Sha Wan,Kowloon,Hong Kong

Spring Gold Market Forex Broker

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Spring Gold Market Review SummaryFoundedMore than ten yearsRegistered Country/RegionAustraliaRegulationASICMarket InstrumentsForexIndicesSharesCommoditiesCryptoDemo Account✅LeverageUp to 1:200（Retail clients）Up to 1:500 (Professional clients)SpreadFrom 0.0 pipsTrading PlatformMT4Min Deposit$200Live ChatPhysical Address: Suite 5, Level 23, 25 Martin Place, Sydney NSW 2000 AustraliaEmail:info@springgoldmarket.comadmin@springgoldmarket.comSocial Media: YouTube, Facebook, Linkedin, TwitterSpring Gold Market Information Spring Gold Market is an Australia brokerage founded more than ten years. Currently, it is a broker regulated by the ASIC. It says it offers five asset classes, including shares, forex, indices, commodities, and cryptocurrencies, and it also supports the use of the demo account and MT4 platforms.Pros and ConsProsConsAvailable demo accountsMT5 is not supported24/7 serviceSpread from 0 pipSupport MT41200+ instrumentsIs Spring Gold Market Legit? Spring Gold Market is under the regulation of the Australian Securities & Investments Commission (ASIC), holding License number 001295686. This broker exceeds the business scope regulated by Australia ASIC(license number: 664 218 393)Administration of Industry and Commerce-Register Non-Forex License. The Australia ASIC regulation (license number: 545560) claimed by this broker is suspected to be a clone.RegulatorRegulatory StatusLicence TypeLicence NumberASIC (Australian Securities & Investments Commission)RegulatedAppointed Representative(AR)001295686ASIC (Australian Securities & Investments Commission)Exceeds business scopeCommon Business Registration664 218 393ASIC (Australian Securities & Investments Commission)Suspected cloneStraight Through Processing(STP)545560What Can I Trade in Spring Gold Market? Spring Gold Market offers 1200+ instruments. It offers five asset classes, including Shares, Forex, Indices, Commodities, and cryptocurrencies.Tradable InstrumentsSupportedForex✔Shares✔Commodities✔Indices✔Cryptos✔ETF❌Bonds❌Account Types Spring Gold Market offers demo accounts. Both standard and ENC accounts are available for traders. Commissions are only charged on ECN accounts (from 3 USD)when trading CFDs on Forex. Spreads on ECN accounts start from 0, while spreads on standard accounts are variable. Max Leverage for Retail Clients is 1:200, but Max Leverage for Professional Clients is as high as 1:500. Higher leverage means higher risk.ECNStandardCommission (FX Only)From 3 USD (per lot, per side)No commissionSpreadsRaw (from 0)VariableMax Leverage for Retail Clients1:2001:200Max Leverage for Professional Clients1:5001:500Stop Out Level (Retail)50%50%Stop Out Level (Professional)20%20%Spring Gold Market FeesSymbolDescriptionMin SpreadShare CategoryCommission per SideMinimum CommissionEURUSDEuro vs US Dollar0---GBPUSDGreat Britain Pound vs US Dollar7---USDJPYUS Dollar vs Japanese Yen2---AUDUSDAustralian Dollar vs US Dollar1---USDCADUS Dollar vs Canadian Dollar5---USDCHFUS Dollar vs Swiss Franc3---EURGBPEuro vs Great Britain Pound6---XAUUSDGold vs US Dollar0.5---XAGUSDSilver vs US Dollar1---SpotBrentBrent Crude vs US dollar2.5---SpotCrudeWTI Cash (or Spot) Contract2.5---GasolineGasoline Cash Contract8---NatGasNatural Gas vs US Dollar0.5---CoffeeCoffee Cash Contract3.4---AUS200S&P/ASX 200 Index1Australia Share CFDs0.07%No minimum commissionUS500S&P 500 Index0.4US Share and ETF CFDs0.02 USD per shareNo minimum commissionUS30Dow Jones Industrial Average Index2US Share and ETF CFDs0.02 USD per shareNo minimum commissionGER40Germany DAX 40 Index0.9German Share CFDs0.10%No minimum commissionNAS100Nasdaq-100 Index1US Share and ETF CFDs0.02 USD per shareNo minimum commissionCN50FTSE China A 50 Index10---UK100FTSE 100 Index1UK Share CFDs0.10%No minimum commissionJPN225Nikkei 225 Index8------Hong Kong Share CFDs0.20%45 HKDTrading Account CurrencyCommission per 0.01 Lot (1000 Base Currency)Commission per 1 Lot (100,000 Base Currency)USDUSD 0.04 (USD 0.08 round trip)USD 3.50 (USD 7 round trip)EUREUR 0.03 (EUR 0.06 round trip)EUR 2.60 (EUR 5.20 round trip)GBPGBP 0.02 (GBP 0.05 round trip)GBP 2.25 (GBP 4.50 round trip)CHFCHF 0.03 (CHF 0.06 round trip)CHF 3.30 (CHF 6.60 round trip)AUDAUD 0.04 (AUD 0.08 round trip)AUD 3.50 (AUD 7 round trip)JPYJPY 3 (JPY 6 round trip)JPY 303 (JPY 607 round trip)NZDNZD 0.04 (NZD 0.09 round trip)NZD 4.75 (NZD 9.50 round trip)SGDSGD 0.05 (SGD 0.10 round trip)SGD 4.55 (SGD 9.10 round trip)HKDHKD 0.28 (HKD 0.56 round trip)HKD 28.17 (HKD 56.34 round trip)CADCAD 0.04 (Note: Round trip not explicitly stated, assumed CAD 0.08 if similar pattern)CAD 3.50 (CAD 7 round trip, assuming same as USD for simplicity) Swap rates are rollover interest rates (that's earned or paid) for holding positions overnight. Spring Gold Market make an interest adjustment to your account, which is either a debit or a credit, to reflect the cost of funding your position. When it comes to opening an account, Spring Gold Market gives clear and easy steps. You may refer to: Create an account-verify account-fund-trade.Trading Platform Spring Gold Market offers traders the MetaTrader 4 platform.Trading PlatformSupportedAvailable DevicesSuitable forMT4✔IOS, Android, iPad, PCTradersMT5❌/Deposit & Withdrawal The minimum deposit for this broker is $200. Spring Gold Market supports 5 payment methods, among which payment methods include Bank transfer, USDT, Neteller, Skrill, Union Pay. Withdrawal requests received after 21:00 Greenwich Mean Time (GMT) will be processed the following day. If these requests are received before 07:00 Australian Eastern Standard Time (AEST) they will be processed on the same day. Due to third party trading regulations, funds can only be returned to a bank account in the same name as (or in conjunction with) your Spring Gold trading account. Any international wire transfer (TT) fees charged by the banking institution will be passed on to the customer. Most international wire transfer fees are approximately $20. Withdrawals via bank wire transfer usually take 3-5 business days to reach your account.

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Basic Information

Registered Region

Australia

Operating Period

Company Name

Spring Gold Market Limited

Abbreviation

Spring Gold Market

Company employee

Customer Service Email Address

info@springgoldmarket.com

Company Website

https://springgold.net/en/

Company Address

Unit B 27/F,Billion Plaza 2,10 Cheung Yue Street,Cheung Sha Wan,Kowloon,Hong Kong

How to login to Spring Gold Market?

Spring Gold Market Complete Account Guide: Registration, Account Opening, and Login Processes Welcome to the comprehensive guide on navigating the Spring Gold Market platform. This guide will walk you through the essential processes of account registration, account opening, and login, ensuring a smooth experience as you start trading on this platform. Part One: Account Registration Process How to Register a Spring Gold Market Account Registering for a Spring Gold Market account is the first step toward engaging in trading activities. Here are the detailed steps to follow: Accessing the Registration Page Begin by visiting the official website of Spring Gold Market. 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 Filling in Required Information You will be prompted to fill out a registration form. This usually requires personal details such as your name, email address, phone number, and country of residence. Ensure that all information is accurate to avoid complications later. Email/Phone Verification After submitting your information, you will receive a verification email or SMS. Click on the link provided in the email or enter the code sent to your phone. This step is crucial for confirming your identity and ensuring the security of your account. Identity Verification (if required) Depending on your region and the regulatory requirements, you may need to provide additional identification documents, such as a government-issued ID or proof of residence. Upload these documents as instructed. Registration Confirmation Once all steps are completed, you will receive a confirmation message indicating that your registration is successful. You may also receive an email with further instructions on how to proceed with your account. Common Registration Issues and Solutions Email Not Received: If you dont receive the verification email, check your spam folder or ensure that you provided the correct email address. Verification Code Issues: If the verification code does not work, request a new one or ensure that you are entering it correctly. Document Upload Problems: Ensure that your documents meet the specified requirements regarding format and size. If issues persist, try using a different browser or device. Regional Differences in Registration While the registration process is generally uniform, certain regions may have specific requirements, particularly regarding identity verification. Its advisable to check the Spring Gold Market website for any region-specific guidelines. Part Two: Spring Gold Market Account Opening Detailed Guide Understanding Account Registration vs. Account Opening While registration is the initial step to create an account, account opening involves selecting an account type and preparing for trading. This distinction is essential for new users. Preparation Work Before Account Opening Before opening your account, ensure you have the necessary documentation ready. This typically includes: A valid government-issued ID (passport or drivers license) Proof of residence (utility bill or bank statement) Detailed Account Opening Steps Selecting Account Type After registration, log into your account and navigate to the account opening section. You will be presented with various account types (e.g., Standard or ECN). Choose the one that best suits your trading needs. Submitting Required Documents Upload the necessary documents for identity verification. Ensure that the documents are clear and legible. This step is crucial for compliance with regulatory standards. Account Review Process Once you submit your documents, the Spring Gold Market team will review them. This process may take anywhere from a few hours to a few days, depending on the volume of applications. Account Activation After your documents are approved, you will receive an email notification confirming the activation of your account. You can now access trading features. Initial Setup Log in to your account and set up your trading preferences, including leverage settings, trading instruments, and risk management tools. Frequently Asked Questions About Account Opening How long does the account opening process take？ The review process can vary but typically takes between 24 to 48 hours. What if my documents are rejected？ You will receive feedback on why your documents were not accepted. Make the necessary adjustments and resubmit. Next Steps After Opening an Account Once your account is opened, consider funding your account and familiarizing yourself with the trading platform. Its recommended to explore the demo account option to practice before engaging in live trading. Part Three: Spring Gold Market Login Process Explained Basic Web Login Process Logging into your Spring Gold Market account is straightforward. Follow these steps: Visit the Official Website Go to the Spring Gold Market homepage. Click on the Login Button Locate the "Login" button, usually found at the top right corner of the page. Enter Your Credentials Input your registered email address and password. Ensure there are no typos. Two-Factor Authentication (if enabled) If you have set up two-factor authentication, enter the code sent to your mobile device. Access Your Account Click "Login" to access your trading dashboard. Mobile App Login Process If you are using the mobile app, the login process is similar: Open the app. Enter your email and password. Complete any additional verification steps. Other Login Methods Currently, Spring Gold Market primarily supports traditional email/password login. There are no indications of third-party login methods or Single Sign-On (SSO) options available. Common Login Issues and Solutions Forgotten Password: Click on the "Forgot Password？" link on the login page to reset your password. Account Lockout: If your account is locked due to multiple failed login attempts, follow the prompts to unlock it, or contact customer service for assistance. Technical Issues: Ensure your internet connection is stable. If issues persist, try clearing your browser cache or using a different browser. Overview of Features After Login Once logged in, you will have access to various features, including: Trading dashboard Account funding options Market analysis tools Customer support Additional Sections Account Security Recommendations To ensure the security of your Spring Gold Market account, consider the following recommendations: Use a strong, unique password and change it regularly. Enable two-factor authentication for added security. Regularly monitor your account for unauthorized transactions. Best Practices for Account Management Keep your personal information updated. Regularly review your trading strategies and account performance. Utilize the educational resources provided by Spring Gold Market to enhance your trading skills. How to Get Technical Support If you encounter any issues, Spring Gold Market offers various support channels: Live Chat: Available on the website during business hours. Email Support: Reach out to their support team via the contact email provided on the website. Help Center: Access FAQs and guides for additional assistance. By following this guide, you should be well-equipped to navigate the Spring Gold Market registration, account opening, and login processes effectively. Happy trading!

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Spring Gold Market Forex Broker - Complete Information Guide

1. Broker Overview

Spring Gold Market, established approximately 2 to 5 years ago, operates as a private entity headquartered in China. The broker primarily caters to retail clients, offering a diverse range of trading services in the forex, commodities, indices, and shares markets. The company aims to provide traders with access to various financial instruments through its trading platform.

Despite its relatively short history, Spring Gold Market has positioned itself in the competitive landscape of online trading. The broker's operations are conducted under the name Spring Gold Market, and it has developed a reputation for providing a range of trading options, including forex pairs and commodity trading.

The business model of Spring Gold Market focuses on retail forex trading, allowing individual traders to engage in the financial markets with as little as USD $200 as a minimum deposit. The broker utilizes the popular MetaTrader 4 (MT4) platform, which is favored for its user-friendly interface and extensive analytical tools.

As a spring gold market broker, the company has not publicly disclosed any significant milestones or achievements since its inception, which raises questions regarding its operational transparency and business practices.

2. Regulatory and Compliance Information

The Spring Gold Market operates without regulatory oversight, which is a significant concern for potential clients. According to various sources, there is no valid regulatory information available for the broker, and it is advisable for traders to be aware of the associated risks.

Primary Regulatory Bodies: There are no regulatory bodies overseeing Spring Gold Market.
License Numbers: The broker does not hold any recognized licenses.
License Validity and Scope: As it stands, Spring Gold Market lacks any form of regulatory license, which limits its operational legitimacy.
Legal Entities in Different Regions: The broker claims to be based in the United States, but the lack of regulatory compliance raises questions about its legal standing.
Client Fund Segregation Policy: There is no clear information regarding the segregation of client funds, which is crucial for protecting traders' investments.
Investor Compensation Fund Participation: Spring Gold Market does not participate in any investor compensation schemes, increasing the risk for clients.
KYC and AML Compliance Measures: While details on KYC (Know Your Customer) and AML (Anti-Money Laundering) measures are not explicitly stated, the absence of regulation suggests potential lapses in these compliance areas.

As a spring gold market broker, the lack of regulation poses a significant risk for traders, making it essential to approach with caution.

3. Trading Products and Services

Spring Gold Market offers a variety of trading instruments, catering to diverse trading preferences:

Forex Pairs: The broker provides access to numerous forex currency pairs, although the exact number is not specified.
CFD Product Categories: The trading options include:
Indices
Commodities
Shares
Cryptocurrencies: Not supported.
Unique Trading Products: There is no indication of any unique or proprietary trading products offered by the broker.
Product Update Frequency: Information regarding the frequency of product updates or additions is not available.
Retail Trading Services: Spring Gold Market primarily focuses on retail trading services, allowing individual traders to access the markets.
Institutional Client Services: There is no information available regarding services catered to institutional clients.
White Label Solutions: No white label solutions are mentioned in the broker's offerings.
Asset Management Services: There is no indication that Spring Gold Market provides asset management services.

As a spring gold market broker, the range of trading products is diverse, but the lack of transparency regarding specific offerings may concern potential clients.

4. Trading Platforms and Technology

Spring Gold Market supports the MetaTrader 4 (MT4) trading platform, which is widely recognized for its robust features and user-friendly interface. Here are some details regarding the trading platform and technology:

MetaTrader 4/5 Support: The broker exclusively supports MT4, with no indication of MT5 being available.
Proprietary Platform Details: There is no mention of a proprietary trading platform developed by Spring Gold Market.
Web-Based Trading Platform: Information regarding a web-based trading platform is not provided.
Mobile Applications: The broker supports mobile trading through the MT4 app, available for both iOS and Android devices.
Execution Model: The broker operates under an ECN (Electronic Communication Network) execution model, which is favorable for traders seeking direct market access.
Server Locations and Technical Infrastructure: The brokers server is located in Singapore, but further details regarding its technical infrastructure are not disclosed.
API Access and Automated Trading Support: There is no specific information regarding API access or support for automated trading.

As a spring gold market broker, the reliance on MT4 provides traders with a familiar trading environment, although the lack of additional platform options may limit some traders' experiences.

5. Account Types and Trading Conditions

Spring Gold Market offers a couple of account types, catering to different trading needs:

Standard Account Conditions:
Minimum Deposit: USD $200
Spread: Variable spreads starting from 3 pips per lot per side.
Commission: Not specified for standard accounts.
Advanced Account Types: The broker provides both Standard and ECN accounts, with both requiring a minimum deposit of USD $200.
Special Accounts: There is no mention of specialized accounts such as Islamic or corporate accounts.
Demo Account Policy: Information regarding demo accounts is not available.
Leverage Ratios: The maximum leverage offered is up to 1:200 for retail clients and 1:500 for professional clients.
Minimum Trade Size: The minimum trading size is not specified.
Overnight Fee Policy: Details regarding overnight fees are not provided.

As a spring gold market broker, the account offerings are relatively basic, and the lack of detailed information on various conditions may deter potential traders.

6. Fund Management

Spring Gold Market supports several deposit and withdrawal methods, though specific details are limited:

Supported Deposit Methods:
Bank Transfer
Credit Cards
E-Wallets: Such as Neteller and Skrill.
Minimum Deposit Requirements: The minimum deposit for all account types is set at USD $200.
Deposit Processing Time: Information regarding processing times for deposits is not specified.
Deposit Fees: There are no clear details on deposit fees, but international telegraphic transfer fees may apply.
Withdrawal Methods and Restrictions: The broker allows withdrawals via bank transfer and other methods, but specific restrictions are not mentioned.
Withdrawal Processing Time: Withdrawals made by bank wire transfer typically take 3-5 working days to process.
Withdrawal Fee Structure: Withdrawal fees are not clearly outlined.

As a spring gold market broker, the fund management options are standard, but the lack of clarity and transparency in fees and processing times may raise concerns for potential clients.

7. Customer Support and Educational Resources

Spring Gold Market offers customer support through various channels, although specific details are limited:

Support Channels:
Phone
Email
Online Chat
Service Hours and Time Zone Coverage: The broker provides 24/7 multilingual support, but specific time zone coverage is not mentioned.
Multilingual Support: The broker claims to support multiple languages, although the specific languages are not listed.
Educational Resource Types: Information regarding educational resources such as webinars, tutorials, and eBooks is not available.
Market Analysis Services: There is no indication of daily analysis, news, or research reports being offered.
Trading Tools: The availability of trading tools such as calculators, calendars, and signal services is not specified.

As a spring gold market broker, the customer support services appear to be comprehensive, but the lack of educational resources and market analysis may limit traders' learning opportunities.

8. Regional Coverage and Restrictions

Spring Gold Market primarily focuses on specific markets, but detailed coverage information is scarce:

Major Service Markets: The broker operates mainly in the United States and claims to cater to a global clientele.
Regional Office Distribution: There are no details regarding regional offices or physical locations outside of its headquarters.
Countries/Regions Not Accepted: Specific countries or regions from which clients are not accepted are not disclosed.
Special Restrictions: There are no additional restrictions mentioned regarding client eligibility or account access.

As a spring gold market broker, the regional coverage is not well-documented, which may pose challenges for potential clients seeking clarity on service availability.

In conclusion, while Spring Gold Market presents itself as a competitive option in the online trading space, potential clients should approach with caution due to the lack of regulatory oversight and transparency in various operational aspects.

Latest Reviews

Oliver Harrious

Australia

The fees for holding trades overnight are fair. I don't mind paying because they're not too high. I like that the costs are clear. Multiple trading platform choices and various trading tools really surprised me！

Positive

2024-05-22

FX1490323818

United States

Stumbled upon this trading platform, and it sure serves an adrenaline rush. The 1:400 maximum leverage had me hooked - because, why not live on the edge, am I right? In the same vein, they've got a minimum trading lot size of 0.01, which I thought was impressive for those wanting to play it safe. This place is running MT4, and yep, it was smooth as silk. But be aware, it's a clear nonstarter for those outside the United Kingdom. In conclusion, it's all fun and games here until the door sign reads 'No Entry', so do proceed with an explorer’s caution.

Positive

2023-12-04

trgesgbv

Japan

Took a ride on the ASIC-regulated trading roller coaster recently. Let me tell you, it’s reassuring to see a regulator at the back. They've got this demo account that comes with a massive $20,000 in play money - quite the playground for traders new to the game. I was in the thick of things with just a 100 smackeroos deposit. As exciting as it all sounds, there's a catch - if you hail from the US, North Korea, or certain others, you're straight-outta-luck with this one. And to wrap it up, just remember - while this ride is high on thrills, keep your safety belt on.

Positive

2023-12-01

Spring Gold Market Forex Broker has an overall rating of 1.46, Regulatory Index 0.00, License Index 0.00, Business Index 6.65, Software Index 4.00 Risk Control Index 0.00.

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Basic Information

Spring Gold Market Forex Broker - Complete Information Guide

1. Broker Overview

2. Regulatory and Compliance Information

3. Trading Products and Services

4. Trading Platforms and Technology

5. Account Types and Trading Conditions

6. Fund Management

7. Customer Support and Educational Resources

8. Regional Coverage and Restrictions

Spring Gold Market Similar Brokers

Latest Reviews