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Gold Harbor Forex Broker provides real users with 1 positive reviews, * neutral reviews and * exposure review!

Gold Harbor Broker Review

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Business

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NFA Suspicious Clone

Gold Harbor Review 1

Latest All(1) Positive(1)
Positive
Consistent Trouble-Free Service & Efficient Customer Support Experiences

Never had any issues thus far and their customer support has always been friendly and efficient.

Garry Lux
2024-05-29

  

Gold Harbor 2025 Review: Everything You Need to Know

  Summary: Gold Harbor, a forex broker claiming to operate out of the United States, has garnered significant scrutiny due to its questionable regulatory status and user experiences. While it offers a variety of trading products, concerns about its legitimacy and transparency prevail.

  Note: It is crucial to recognize that Gold Harbor operates under different entities across regions, which may affect its regulatory compliance and user experience. This review aims for fairness and accuracy by synthesizing various sources.

  

Rating Box

Criteria Rating (out of 10)
Account Conditions 4
Tools and Resources 5
Customer Service & Support 6
Trading Experience 4
Trustworthiness 2
User Experience 3

  We evaluate brokers based on user feedback, expert analyses, and factual data.

  

Broker Overview

  Gold Harbor, purportedly established in 2015, claims to be headquartered in New York, USA. However, the legitimacy of this claim is under scrutiny due to the absence of verifiable corporate information. The broker offers trading services primarily through the ST5 trading platform, along with access to popular platforms like MetaTrader 4 (MT4). It provides a diverse range of tradable assets, including forex pairs, precious metals, energy commodities, and major global indices. Notably, Gold Harbor claims to be regulated by the National Futures Association (NFA), but this license is suspected to be a clone, raising significant red flags.

  

Detailed Section

  

Regulatory Status

  Gold Harbor claims to be regulated by the NFA under license number 0561418. However, multiple sources indicate that this license is under suspicion of being a clone, which raises major concerns about the broker's legitimacy (WikiFX). The lack of regulatory oversight means that traders may not have the protections typically associated with regulated brokers.

  

Deposit/Withdrawal Methods and Currencies

  The broker has not explicitly disclosed the methods for deposits and withdrawals on its official website. This lack of transparency is alarming, as potential clients need to know how to manage their funds effectively. Reports indicate that users have had difficulty with withdrawals, which is a common issue with unregulated brokers (TraderKnows).

  

Minimum Deposit

  Information regarding the minimum deposit required to open an account with Gold Harbor is not readily available on its website. This omission further complicates the decision-making process for potential clients.

  

Bonuses/Promotions

  There is no clear information available about any bonuses or promotions being offered by Gold Harbor. The absence of such incentives can be a deterrent for some traders who are looking for added value when choosing a broker.

  

Tradable Asset Classes

  Gold Harbor provides access to a variety of asset classes, including forex, precious metals (like gold and silver), energy commodities (such as crude oil and natural gas), and major global indices (like the S&P 500 and FTSE 100). This diversity can appeal to traders looking for a wide-ranging trading experience.

  

Costs (Spreads, Fees, Commissions)

  The broker's official website lacks detailed information regarding spreads, fees, and commissions. Reports suggest floating spreads and leverage ranging from 1:100 to 1:500, but specific costs remain unclear. This lack of transparency can lead to unexpected trading costs for users (TraderKnows).

  

Leverage

  Gold Harbor reportedly offers leverage of up to 1:500, which can be appealing for traders looking to maximize their potential returns. However, high leverage also comes with increased risk, especially in volatile markets.

  

Allowed Trading Platforms

  Traders can access Gold Harbors services through the ST5 trading platform, with some reports indicating compatibility with MetaTrader 4. The choice of trading platform is crucial for traders, as it can significantly affect their trading experience.

  

Restricted Regions

  The broker's website does not specify any restricted regions, but given its questionable regulatory status, it is advisable for potential clients to conduct thorough research regarding their local laws before engaging with Gold Harbor.

  

Available Customer Support Languages

  Customer support at Gold Harbor is reportedly accessible via email, but the languages offered are not explicitly mentioned. Limited contact options can be a significant drawback for potential users.

  

Repeated Rating Box

Criteria Rating (out of 10)
Account Conditions 4
Tools and Resources 5
Customer Service & Support 6
Trading Experience 4
Trustworthiness 2
User Experience 3

  

Detailed Breakdown

  

Account Conditions

  The lack of transparency regarding minimum deposits and withdrawal methods significantly impacts the overall account conditions rating. Users have reported difficulties in accessing their funds, which is a major concern for any trader.

  

Tools and Resources

  While Gold Harbor offers a variety of trading products, the absence of educational resources or advanced trading tools limits its appeal. Traders seeking comprehensive market analysis or educational material may find Gold Harbor lacking.

  

Customer Service & Support

  Gold Harbor's customer support is reportedly responsive, but the limited contact options (primarily email) can hinder effective communication. The absence of live chat or phone support is a notable drawback.

  

Trading Experience

  The trading experience is compromised by the lack of clarity regarding costs and account conditions. Users may face unexpected fees or difficulties in navigating the trading platform, detracting from overall satisfaction.

  

Trustworthiness

  The suspicion surrounding Gold Harbor's regulatory status, coupled with inconsistent information regarding its operations, results in a low trustworthiness rating. Traders should exercise extreme caution when considering this broker.

  

User Experience

  User experiences reported across various platforms indicate significant concerns, particularly regarding fund withdrawals and transparency. The overall sentiment is negative, suggesting that potential clients should look elsewhere for trading solutions.

  In conclusion, while Gold Harbor presents a wide range of trading products, its questionable regulatory status and lack of transparency raise significant concerns. Traders are advised to conduct thorough research and consider alternative, more reputable brokers for their trading needs.