Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
Basic information from GoldenBrokers.my review
About the broker
| Web: | goldenbrokers.my |
| License: | LFSA |
| Supported languages: | English, Spanish, Portuguese, Vietnamese and Russian |
| Year of foundation: | 2019 |
| Holder: | Golden Brokers Ltd |
| Headquarters: | Jalan Merdeka Level 14 (B) & 14 (C) Main Office Tower, 87000, Labuan Malaysia |
| Methods of contacting customer support: | E-mail, phone, online chat |
| Contact: | support@goldenbrokers.my +60 154-877 0962 |
| Deposit methods: | Bank wire, Debit and credit cards |
| Withdrawal methods: | Bank wire, Debit and credit cards |
About trading with GoldenBrokers.my
| Min. trade: | 0.01 |
Maximum leverage: The maximum available leverage can be limited by local financial regulators or by international regulations, in such case, the displayed maximum leverage may not match the leverage you can actually trade with. For instance, in the European Union, the financial regulator ESMA restricts the maximum available leverage to 1:30 when trading major currency pairs, 1:20 when trading minor pairs and commodities and 1:2 when trading cryptocurrencies. Similar restrictions apply in Australia and possibly in other jurisdictions. | 1:100 |
| Spreads: | Look at the spread table - spread on the currency pair EUR/USD is 3.0 pips * on a standard account type |
Underlying assets: Might be a CFD. | Forex (60), stocks, commodities, indexes |
| Base currencies: | USD, EUR, GBP |
| Mobile app: |  |
| MetaTrader 4: |  |
| Other trading platforms: | MT5, web trader |
| Social trading: | |
Spreads & fees
Fees of most brokers change relatively often and unfortunately it is not in our possibilities to keep up-to-date information about fees at GoldenBrokers.my, of course you can find current info on their website goldenbrokers.my.
Spreads at GoldenBrokers.my on standard account*
| EUR/USD | GBP/USD | USD/JPY | EUR/GBP | USD/CHF | EUR/JPY |
|---|---|---|---|---|---|
| 3.0 | 3.0 | 3.0 |
* Spread was taken 17.09.2020 at 10:13 from the web or trading platform of GoldenBrokers.my.
Random reviews of competing CFD brokers: CoreSpreads, YSIFX, OspreyFX and IG
Frequently Asked Questions
🧐 Is GoldenBrokers.my a scam?
We highly recommend you to read the user reviews on our website before you start trading with this brokerage company. It will help you to determine if GoldenBrokers.my is a scam or not.
🆓 How to open a free demo account?
Opening a demo account with GoldenBrokers.my is very simple, just register on their website.
📱 Does GoldenBrokers.my offer the best mobile app for trading?
GoldenBrokers.my offers a mobile trading app and you can definitely start trading with it. It is very difficult and subjective to determine if they feature the best mobile platform. However, you are welcome to test it yourself.
We compared some reputable brokers and their mobile trading apps, check out the comparison and be saved from the hassle of testing the GoldenBrokers.my mobile app.
⚖️ Would you recommend me GoldenBrokers.my?
GoldenBrokers.my is one of tens (possibly hundreds) of brokers operating in the European Union, Australia, New Zealand, Great Britain and United States of America, and that's why it makes no sense to choose GoldenBrokers.my as a broker where you trade before you compare it with competitors.
We operate our website in full transparency, we recommend reliable brokers with an excellent reputation and we honestly admit to you that we receive commissions for that from these brokers. You can find the mentioned brokers in the table below with a clickable link to their site. You don't pay anything extra, you get a reliable business partner and you help us keep the website up and running. Thank you.
| Broker | English | Min. deposit | Spread EUR/USD* | Platforms | License | |
|---|---|---|---|---|---|---|
 | | 100 USD | 1.0 pips Spread was taken 12.04.2024 at 11:12 from the web or trading platform of Etoro. | In-house built platform | FCAASICCySec | etoro.comreview EUR/USD*: 1.0 pips Spread was taken 12.04.2024 at 11:12 from the web or trading platform of Etoro. |
 | | 0 | 0.9 pips Spread was taken 12.04.2024 at 11:12 from the web or trading platform of XTB. | In-house built platform | FCA CySec | xtb.comreview EUR/USD*: 0.9 pips Spread was taken 12.04.2024 at 11:12 from the web or trading platform of XTB. |
 | | 100 USD | 0.8 pips Spread was taken 12.04.2024 at 11:12 from the web or trading platform of Plus500. | In-house built CFD platform | FCAASICCySec | plus500.comreview EUR/USD*: 0.8 pips Spread was taken 12.04.2024 at 11:12 from the web or trading platform of Plus500. |
* The spread is variable for most brokers and changes depending on market volatility.
Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
Comparing spreads, fees, trading platforms, regulations and reading dozens of user reviews of all popular FX and CFD brokers is very time-consuming for every trader. That is why we have done all this hard work for you so you could already only start trading with a company that features a quick modern trading platform, a large variety of assets and a quick customer service. From our comparisons, all these criteria are met by Etoro 76% of retail investor accounts lose money when trading CFDs with this provider - advertising partner.
That is why it is important to choose the right one. Choosing the right broker often stands between profit and loss. Don't you know how to choose? We have prepared an independent article for you, which will help you with your broker selection. You will get to know, what factors are important to watch out for when you are choosing a forex/CFD broker.
If you have any experience with GoldenBrokers.my, please share it in the comments to help others to choose the suitable broker.
I enjoy forex trading with this company more and more
Absolutely satisfying for me. He is probably not a broker for someone who trades on his T-shirt and is able to find out and guard everything himself, but I would say that it is one of the few options for beginning investors on the stock exchange.
All right, I reoriented to MT5 about a year ago and it suits me very well.
How is your experience with MT5?
Originally I had it as fun, I tried the demo for a long time, it started carefully and even today I am afraid to go it big
I have several years of experience not only with this broker, what you can choose from is this the better option, we will see what it will be like in the end, but I trust them.
At the moment I am satisfied, I have been trading with them for the third year and now I am noticeably in the red, this has not been the case so far
Very relaxed trading of eg stocks and commodities on the MT5 platform, which is easy to use. I have been a client for almost a year, so I would like to evaluate. The trading platform is very good and the broker is rated as one of the best among online brokers. Satisfaction for me.
I praise the professional approach, they take very good care of their clients, the support is complete and of course in Czech, the very good working platform is great.