Starling Gold, officially known as 裕富资产管理有限公司 (Yufu Asset Management Limited), is a financial services company that was established in 2017. The broker is headquartered in Hong Kong, specifically at 21/F, Kam Fung Commercial Building, 2-4 Tin Lok Lane, Wan Chai, Hong Kong. As a privately held entity, Starling Gold primarily serves clients in the Hong Kong region, with a growing influence in the United Arab Emirates.
The company operates under the regulatory oversight of the Hong Kong Gold Exchange (HKGX), which is essential for ensuring compliance with local financial regulations. Over the years, Starling Gold has developed a reputation for offering trading services primarily focused on precious metals, specifically gold and silver trading. The broker's business model includes retail forex services, allowing individual traders to engage in the buying and selling of forex pairs, commodities, and other financial instruments.
Starling Gold has achieved several milestones since its inception, including establishing itself as a recognized broker within the local market. The company's commitment to providing reliable trading services is reflected in its regulatory compliance and customer support initiatives. As a member of the Chinese Gold and Silver Exchange, Starling Gold holds the member number 234, which further legitimizes its operations in the financial sector.
Starling Gold operates under the regulation of the Hong Kong Gold Exchange (HKGX), which is responsible for overseeing gold trading in the region. The broker is licensed under the regulatory number 234. This regulation requires Starling Gold to adhere to strict guidelines that ensure the safety and security of customer transactions and funds.
The regulatory framework under which Starling Gold operates provides certain protections for investors. Customer funds are kept in segregated accounts, ensuring that client deposits are not used for the broker's operational expenses. This practice is crucial for maintaining trust and transparency in the trading environment.
Starling Gold is committed to complying with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, which are vital for preventing fraud and ensuring that the broker operates within the law. These measures include verifying the identity of clients and monitoring transactions for suspicious activity.
Despite its regulatory status, it is important to note that not all regulatory bodies are equally stringent. Traders are encouraged to conduct thorough research and due diligence before engaging with any broker, including Starling Gold. Regulatory disclosures indicate that no negative findings have been reported against Starling Gold during the evaluation period.
Starling Gold offers a range of trading products, primarily focusing on gold and silver. The broker provides access to various forex currency pairs, enabling traders to participate in the global foreign exchange market. The specific number of currency pairs available may vary, but the broker emphasizes major currencies commonly traded in the forex market.
In addition to forex trading, Starling Gold offers Contracts for Difference (CFDs) on commodities, indices, and precious metals. However, it is important to note that cryptocurrency trading is not supported by the broker. This decision aligns with the regulatory environment in Hong Kong, where cryptocurrency trading is subject to strict scrutiny.
Starling Gold also engages in retail trading services, catering to individual traders looking to invest in precious metals. The broker's offerings are designed to meet the needs of both novice and experienced traders, providing them with the tools necessary to navigate the financial markets effectively.
The company is known for its commitment to updating its product offerings based on market demand and trends. This includes the introduction of new trading instruments as they become available, ensuring that traders have access to a diverse range of investment options.
Starling Gold supports the MetaTrader 4 (MT4) trading platform, which is widely recognized for its user-friendly interface and comprehensive trading features. The platform allows traders to execute trades, conduct technical analysis, and utilize automated trading strategies through Expert Advisors (EAs).
In addition to MT4, Starling Gold has developed its proprietary trading platform known as the Starling Gold Multi-Asset Trading System (SGM). This platform provides advanced charting tools, real-time news updates, and a wide array of trading instruments, including forex, commodities, and indices. Traders can access both platforms via desktop and mobile devices, ensuring flexibility in managing their trading activities.
The execution model employed by Starling Gold is primarily based on Market Making, which allows for quick order execution and competitive pricing. The broker's trading servers are strategically located to enhance connectivity and minimize latency during trading sessions.
Furthermore, Starling Gold supports API access, enabling traders to integrate their trading strategies and tools with the broker's platform. This feature is particularly beneficial for algorithmic traders seeking to automate their trading processes.
Starling Gold offers a standard account type that provides traders with access to its trading services. The specific conditions for this account include:
For more advanced traders, Starling Gold may offer specialized account types, such as VIP accounts or professional accounts, which may come with enhanced features and benefits. Additionally, the broker may provide options for Islamic accounts to cater to clients seeking Sharia-compliant trading solutions.
Starling Gold does not currently offer a demo account, which could be a limitation for novice traders looking to practice their trading strategies before committing real funds. The leverage ratios available to traders may vary depending on the asset class, and it is essential for clients to understand the risks associated with leveraged trading.
Starling Gold supports several deposit methods to facilitate fund management for its clients. These methods include:
The minimum deposit requirement may vary based on the account type chosen, and traders are advised to inquire about the specifics during the account opening process.
Deposit processing times may vary, with bank transfers typically taking longer than card transactions. Starling Gold strives to maintain transparency in its deposit fees; however, clients should verify any potential charges associated with their chosen deposit method.
Withdrawals from Starling Gold accounts are processed through similar methods, and clients should be aware of any withdrawal limits or restrictions that may apply. The processing time for withdrawals can also vary, and traders should familiarize themselves with the broker's policies regarding withdrawal fees and timelines.
Starling Gold offers customer support through multiple channels, ensuring that clients have access to assistance when needed. The available support channels include:
The customer support team is available during business hours, but clients should be aware that response times may vary. The broker offers support in multiple languages, including English, to cater to its diverse client base.
In terms of educational resources, Starling Gold provides various tools and materials to help traders enhance their knowledge and skills. These resources may include webinars, tutorials, and market analysis reports. Traders can also access trading tools such as calculators and economic calendars to assist in their trading decisions.
Starling Gold primarily serves clients in Hong Kong, focusing on the local market. However, it has also expanded its influence to regions such as the United Arab Emirates. The broker's services may be limited in certain jurisdictions, and clients are encouraged to verify whether they are eligible to open an account with Starling Gold based on their country of residence.
Certain countries may be restricted from accessing Starling Gold's services, particularly those with stringent regulations against foreign brokers. It is essential for potential clients to review the broker's terms and conditions to ensure compliance with local laws and regulations. Additionally, any special limitations or restrictions that apply to specific regions should be clearly outlined by the broker.
In conclusion, Starling Gold is a regulated broker based in Hong Kong, offering a range of trading services primarily focused on gold and silver. With a commitment to regulatory compliance and customer service, the broker aims to provide a secure trading environment for its clients. However, potential traders should conduct thorough research and consider the risks associated with trading on any platform, including Starling Gold.
孟鈺晨
Hong Kong
How to put it... this company seems to be reliable, but the website really seems to be lagging... I wouldn't make him my first choice. The web pages are also a bit slow to load, and I'm worried that my transaction speed will be affected. If you miss the trading opportunity because of this, the loss outweighs the gain.
37130
2022-12-14
FX1513466549
Malaysia
until now , i can't withdraw my profit. almost 5 months
Exposure
2021-01-16
FX1192241998
Philippines
Since last week, I have been unable to access my account. This seems to be a problem with Webtrader. Downloads of MT4 have been completely pointless. It's clear that customer support isn't concerned, since they constantly try to trick you into clicking on a suspicious link so they may gain access to your computer.
37130
2022-12-20