Goldwell Capital Review: Is this broker legit, safe and trustworthy for UAE citizens and residents?
According to Goldwell Capital Co., Ltd. ("Goldwell"), it is a worldwide online trading leader in derivatives trading and supplies derivative goods such crude oil, precious metals, and foreign currency. Goldwell also claims that it is a leader in online trading in general.
Visit Goldwell Capital Website.
Goldwell's expert customer service agents are accessible around the clock, five
days a week, in order to provide superior online help and the fullest possible
trading experience for customers. In addition, Goldwell has assembled a group of
exceptionally talented financial professionals to provide customers with market
analysis and research from a variety of perspectives. This enables customers to
devise the most effective trading strategy possible and make the most of the
most lucrative investment opportunities.
Goldwell Capital is a Cambodian foreign exchange broker that gives its customers
access to the foreign exchange market through the use of the MetaTrader4
platform, which is the market leader in this sector. They have been granted a
license by the proper authorities in the country, but they have not done a very
good job of clarifying the rules of their commercial transactions.
Standard accounts are the sole form of account offered by GoldWell Capital, and
there is only one of them available. With a maximum leverage of 1:100, a minimum
deposit of zero dollars, and a spread of 1.9 pip plus fifty dollars.
Although GoldWell Capital's low required minimum deposit is an attractive
feature, the company's failure to provide an explanation of its trading
conditions is a detriment to its reputation for dependability. reliability,
which is something that each and every trader looks for in a broker website.
The Securities and Exchange Commission of Cambodia (SECC) has granted permission
for Goldwell Capital Co. Ltd. to serve as a derivatives broker. Goldwell Capital
is the broker's parent company. Remember that in order to get a brokerage
license in Cambodia, you will need a minimum of $250,000 in operating capital as
well as a security bond that is equivalent to 15% of the firm's total capital.
In the same vein, a central counterparty license, which is necessary in order to
provide clearing and settlement services, necessitates a minimum investment of
five million United States dollars. As a consequence of this, the fact that
Goldwell Capital possesses a license issued by SECC provides some measure of
assurance regarding the degree to which it may be trusted.
Another important selling point is that this broker uses MetaTrader4, which is
the industry standard trading platform. The vast majority of traders are
acquainted with and love using this trading program for a variety of reasons,
including how simple it is to use, how dependable it is, and how many helpful
tools and features it provides. This specific platform provides one of the most
comprehensive charting packages available, in addition to outstanding data and
individualized trading boots, which are also commonly referred to as expert
advisors.
There are still a lot of critical questions that need answering about the
pricing and trading conditions at Goldwell Capital. The broker has not provided
any more information on the trades at this time. As a direct consequence of
this, prospective customers are unaware of the costs associated with trading,
including the minimum required initial deposit, spread, transfer fees, leverage
limits, and so on. This is absolutely unacceptable behavior coming from a
registered brokerage, to say the very least.
We are going to explain why having a forex broker license may be both
advantageous and disadvantageous, even if this may sound counterintuitive at
first. The local regulation in Cambodia cannot be compared to that of major
financial centers such as the United Kingdom, Australia, or Hong Kong. This is
despite the fact that Cambodian forex brokers are required to meet certain
criteria, such as having an adequate amount of capital and keeping customer
accounts separate.
As a consequence of this, the regulatory climate for foreign exchange brokers in
Cambodia is anticipated to be less strict than that of the member states of the
European Union, but more stringent than that of off-shore zones.
A bank transfer occurs when a payer instructs another bank to collect a certain
amount of money from the payee and then entrusts that money to another bank to
send to the payee's bank via telegraph, telex, or an interbank financial
telecommunications network. The payer also instructs the bank to collect the
specific amount of money from the payee. The use of a bank transfer as a means
of payment is not only safe but also trustworthy and is available on a global
scale.
In addition, because of the amount of time that is required for bank transfers,
and in order to make sure that customers do not miss out on investment
opportunities, Goldwell will make a deposit of the funds that have been
transferred into the trading account of the customer as soon as Goldwell
receives the receipts for the bank transfers. This will enable the customer to
place trades and take advantage of every opportunity.
This brokerage is the only one that will recognize payments made via bank wire
transfers. Because of this, other common payment methods, such credit cards,
PayPal, and Skrill, are incompatible with Goldwell Capital, which may be
challenging for certain traders.
The EUR/USD benchmark exchange rate is now trading at roughly 1.9 pips, which is
not a horrible price. However, there is a fee of $50, which brings the total
cost of using the brokerage up to an excessive level.
As a foreign exchange (Forex) broker with headquarters in Cambodia, Goldwell
Capital is subject to oversight by the Securities and Exchange Commission of
Cambodia (SECC), which is a component of the regulatory framework for the
financial sector in Cambodia.
The SECC was formed specifically with the intention of regulating participants
in the financial industry and providing protection for investors via the
implementation of fundamental regulations. This group of tasks encompasses a
variety of key facets, including the protection of client money, the enforcement
of stringent restrictions for activity monitoring, and overall protection at all
levels. Cambodia, on the other hand, is not a reputable jurisdiction when
compared to other countries that are well-known and famous in the financial
sector around the world.
A Cambodian forex broker known as Goldwell Capital left us with a variety of
thoughts and feelings. On the one hand, the company is regulated by the local
SECC, which offers them at least some validity. On the other hand, the
legitimacy of the company is questionable. On the other hand, the circumstances
surrounding trading are not in the least bit beneficial to traders. In addition,
there are unquestionably a greater number of trustworthy forex brokers catering
to local customers.
GoldWell Capital is only one of several trading broker websites; there are
others that are far more reliable and comprehensive. Take your time and explore
around for an internet broker that you feel comfortable entrusting with your
money, since that is what we recommend.
There is no difference between the different types of accounts; for the sake of
practicing, you can sign up for either a Demo account or a Live account.
Goldwell Capital is a limited broker that specializes in foreign exchange,
contracts for difference (CFDs), and precious metals trading. However, despite
the fact that this broker offers a large leverage and the MT4 trading platform,
it is not possible to describe this broker as being perfect in every respect.
Is it True That Goldwell Capita Is a Broker? Goldwell Capital, a foreign
exchange (Forex) broker based in Cambodia, is subject to oversight by the
Cambodian government in the context of the country's overall financial
regulatory framework via the Exchange Commission of Cambodia (SECC).
Is it Possible to Put My Money in the Hands of Goldwell Capita? Trading online
carries risk. On the website of this broker, you will be able to verify the
proportion of traders who have lost money while trading with this broker. Before
making any investments, exercise caution and make sure you find out about the
broker's licensing and regulation.
Goldwell Capital is a limited broker that specializes in foreign exchange, contracts for difference (CFDs), and precious metals trading. However, despite the fact that this broker offers a large leverage and the MT4 trading platform, it is not possible to describe this broker as being perfect in every respect.
What is the person's name that works at Goldwell? Goldwell Capital is a
brokerage business that was established in Cambodia and is also registered with
the government there. It is subject to the laws of Cambodia. The broker
facilitates cheaper trading costs for all of the firm's available derivative
trading options, which include Forex, commodity, and precious metals trading as
well as CFD trading across thousands of marketplaces.
Despite the fact that Goldwell Capital has only been in business since 2018, the
company has already established a certain level of credibility among the
community and the industry. In general, Cambodia is a developing jurisdiction
that has demonstrated a substantial interest in the foreign exchange market over
the course of the past several years.
Goldwell Capital is working closely with the Cambodian government to take the
essential measures toward establishing a solid and consistent commitment to
providing consumers with reliable trading circumstances. These actions were
taken earlier today. The broker builds on the NDD execution paradigm and
utilizes an automated execution method to gather quotations from the most
prestigious banks and financial institutions from across the world.
Goldwell Capital is known for having excellent customer service and gives its
clients with a variety of tools to assist them in the trading process. These
include market updates and news, economic calendars, and other crucial pieces of
information that traders utilize on a regular basis.
Is It Safe to Invest in Goldwell Capital, or Is It a Scam? The most important
thing to remember about Goldwell Capital is that the honesty of the broker
you're working with is more crucial than anything else. Goldwell Capital, a
foreign exchange trading company based in Cambodia, is subject to oversight by
the Cambodian government in the context of the country's overall financial
regulatory framework by the Exchange Commission of Cambodia (SECC).
The SECC authority was expressly established with the purpose of supervising
players in the financial industry and protecting investors within the framework
of the applicable regulations. This collection of tasks include an essential
component, such as the maintenance of tight regulations for the monitoring of
acts and safety at all levels. Other obligations include the protection of
client property.
Despite this, it is important to remember that Cambodia is not a respectable
jurisdiction that can compete well with other well-known and industry-leading
financial players from across the world.
It performs the tasks that need to be performed as part of its attempts to grow
its influence, and it possesses a regulated foreign exchange sector within the
scope of the country's legislation, with regard to the safety of both the firm
and its financial system.
Goldwell Capital went with the industry standard, MetaTrader4, for its trading
platform in order to fulfill its mission of providing clients with a trustworthy
trading service in an effective setting. Not only is MT4 famous for its robust
charting capabilities and overall adaptability to a variety of trading styles,
but it's also renowned for a number of other advantages. In addition to this, it
offers some of the most effective trading models together with potent tools and
add-ons.
You may use the software from any personal computer, iOS device, or mobile
device, allowing you to remain connected and up-to-date no matter what the
situation or environment is.
Beginner traders enjoy using MT4 because of its user-friendly interface and the
availability of hundreds of educational resources and courses on the internet.
The capacity of the platform to link bespoke algorithms, provide strong
features, and maximize the possibilities of the platform are all elements that
are highly valued by professionals. The platform enables communication through
popular MT4 robots known as Expert Advisors. These robots carry out orders in
accordance with the algorithm that has been configured, and this algorithm is
either open to user-defined customization or offers a selection of pre-defined
options.
You have the ability to select a contract size beginning at 0.01 lots with
Goldwell Capital's micro account, which gives you the flexibility to manage your
position in accordance with the strategy you've devised. Goldwell Capital
provides flexible trading conditions. There are no differences between the
different sorts of accounts; you may either choose a Demo account to use for
training reasons or sign up for a Live account instead.
Going to the very crucial aspect of Goldwell Money's spread, we can see that the
broker provides highly user-friendly trading circumstances. This is a really
positive thing to notice. As a result, the spreads on trades involving EUR/USD
and USD/JPY might be as low as 1.8 pips. Spreads for gold are at US$0.5, while
those for silver are US$0.04.
Always keep in mind the rollover or overnight cost, which can be either a fee or
a refund depending on whether the position was held long or short for more than
a day.
Trading with leverage has the possibility of a bigger profit, but it also raises
the level of risk involved, therefore it is essential that you be familiar with
its use. You have the ability to pick the degree of leverage that is best
suitable for one instrument or another thanks to Goldwell Capital's versatile
leverage options. Additionally, given that Goldwell is a Cambodian broker, it is
possible that large leverage ratios of up to 1:200 are still made available to
ordinary traders. CFDs operate in a manner very similar to that of the
securities market in that they just require a leveraged margin of 0.5 percent to
2 percent.
What methods are available for making deposits and withdrawals at Goldwell
Capital? You are required to utilize a bank wire in order to fund your Goldwell
Capital trading account. There is no other method available. Transferring money
through bank wire is the simplest, safest, and most efficient method available,
despite the fact that its capabilities appear constrained.
Goldwell Capital does not go into detail on the minimum deposit requirement that
must be met before an account can be opened. Because of this, we are able to
presume that there is no predetermined minimum deposit requirement to begin
trading. Despite this, you should never trade an instrument without first
checking the margin requirements for that item. Because various regulations can
be in effect, it is in your best interest to check with the customer service.
The broker does not provide information on the costs that are associated with
deposits and withdrawals. However, because the sole choice for the transfer is a
Bank Wire, you should verify with your payment provider or the financial
institution that you use to see whether there are any associated fees. The
worldwide regulations and charge structures that are applied to customers might
vary greatly depending on their country of origin.
We come across a broker who operates under the laws of his home country of
Cambodia and provides extremely competitive terms and conditions within that
jurisdiction. In spite of the fact that Cambodia is not a major international
financial hub that offers a diverse selection of options for trade, there is no
internationally renowned regulating body for the foreign exchange market.
Goldwell Capital, on the other hand, is in full compliance with all applicable
regional legislation and is hence regarded as a risk-free trading option.
Trading conditions at Goldwell Capital are also fairly robust, and clients have
access to industry-leading MT4 platforms as well as a variety of financial
instruments to trade with.
Goldwell Capital is a limited broker that specializes in foreign exchange, contracts for difference (CFDs), and precious metals trading. However, despite the fact that this broker offers a large leverage and the MT4 trading platform, it is not possible to describe this broker as being perfect in every respect.
What is the person's name that works at Goldwell? Goldwell Capital is a
brokerage business that was established in Cambodia and is also registered with
the government there. It is subject to the laws of Cambodia. The broker
facilitates cheaper trading costs for all of the firm's available derivative
trading options, which include Forex, commodity, and precious metals trading as
well as CFD trading across thousands of marketplaces.
Despite the fact that Goldwell Capital has only been in business since 2018, the
company has already established a certain level of credibility among the
community and the industry. In general, Cambodia is a developing jurisdiction
that has demonstrated a substantial interest in the foreign exchange market over
the course of the past several years.
Goldwell Capital is working closely with the Cambodian government to take the
essential measures toward establishing a solid and consistent commitment to
providing consumers with reliable trading circumstances. These actions were
taken earlier today. The broker builds on the NDD execution paradigm and
utilizes an automated execution method to gather quotations from the most
prestigious banks and financial institutions from across the world.
Goldwell Capital is known for having excellent customer service and gives its
clients with a variety of tools to assist them in the trading process. These
include market updates and news, economic calendars, and other crucial pieces of
information that traders utilize on a regular basis.
Is It Safe to Invest in Goldwell Capital, or Is It a Scam? The most important
thing to remember about Goldwell Capital is that the honesty of the broker
you're working with is more crucial than anything else. Goldwell Capital, a
foreign exchange trading company based in Cambodia, is subject to oversight by
the Cambodian government in the context of the country's overall financial
regulatory framework by the Exchange Commission of Cambodia (SECC).
The SECC authority was expressly established with the purpose of supervising
players in the financial industry and protecting investors within the framework
of the applicable regulations. This collection of tasks include an essential
component, such as the maintenance of tight regulations for the monitoring of
acts and safety at all levels. Other obligations include the protection of
client property.
Despite this, it is important to remember that Cambodia is not a respectable
jurisdiction that can compete well with other well-known and industry-leading
financial players from across the world.
It performs the tasks that need to be performed as part of its attempts to grow
its influence, and it possesses a regulated foreign exchange sector within the
scope of the country's legislation, with regard to the safety of both the firm
and its financial system.
Goldwell Capital went with the industry standard, MetaTrader4, for its trading
platform in order to fulfill its mission of providing clients with a trustworthy
trading service in an effective setting. Not only is MT4 famous for its robust
charting capabilities and overall adaptability to a variety of trading styles,
but it's also renowned for a number of other advantages. In addition to this, it
offers some of the most effective trading models together with potent tools and
add-ons.
You may use the software from any personal computer, iOS device, or mobile
device, allowing you to remain connected and up-to-date no matter what the
situation or environment is.
Beginner traders enjoy using MT4 because of its user-friendly interface and the
availability of hundreds of educational resources and courses on the internet.
The capacity of the platform to link bespoke algorithms, provide strong
features, and maximize the possibilities of the platform are all elements that
are highly valued by professionals. The platform enables communication through
popular MT4 robots known as Expert Advisors. These robots carry out orders in
accordance with the algorithm that has been configured, and this algorithm is
either open to user-defined customization or offers a selection of pre-defined
options.
You have the ability to select a contract size beginning at 0.01 lots with
Goldwell Capital's micro account, which gives you the flexibility to manage your
position in accordance with the strategy you've devised. Goldwell Capital
provides flexible trading conditions. There are no differences between the
different sorts of accounts; you may either choose a Demo account to use for
training reasons or sign up for a Live account instead.
Going to the very crucial aspect of Goldwell Money's spread, we can see that the
broker provides highly user-friendly trading circumstances. This is a really
positive thing to notice. As a result, the spreads on trades involving EUR/USD
and USD/JPY might be as low as 1.8 pips. Spreads for gold are at US$0.5, while
those for silver are US$0.04.
Always keep in mind the rollover or overnight cost, which can be either a fee or
a refund depending on whether the position was held long or short for more than
a day.
Trading with leverage has the possibility of a bigger profit, but it also raises
the level of risk involved, therefore it is essential that you be familiar with
its use. You have the ability to pick the degree of leverage that is best
suitable for one instrument or another thanks to Goldwell Capital's versatile
leverage options. Additionally, given that Goldwell is a Cambodian broker, it is
possible that large leverage ratios of up to 1:200 are still made available to
ordinary traders. CFDs operate in a manner very similar to that of the
securities market in that they just require a leveraged margin of 0.5 percent to
2 percent.
What methods are available for making deposits and withdrawals at Goldwell
Capital? You are required to utilize a bank wire in order to fund your Goldwell
Capital trading account. There is no other method available. Transferring money
through bank wire is the simplest, safest, and most efficient method available,
despite the fact that its capabilities appear constrained.
Goldwell Capital does not go into detail on the minimum deposit requirement that
must be met before an account can be opened. Because of this, we are able to
presume that there is no predetermined minimum deposit requirement to begin
trading. Despite this, you should never trade an instrument without first
checking the margin requirements for that item. Because various regulations can
be in effect, it is in your best interest to check with the customer service.
The broker does not provide information on the costs that are associated with
deposits and withdrawals. However, because the sole choice for the transfer is a
Bank Wire, you should verify with your payment provider or the financial
institution that you use to see whether there are any associated fees. The
worldwide regulations and charge structures that are applied to customers might
vary greatly depending on their country of origin.
We come across a broker who operates under the laws of his home country of
Cambodia and provides extremely competitive terms and conditions within that
jurisdiction. In spite of the fact that Cambodia is not a major international
financial hub that offers a diverse selection of options for trade, there is no
internationally renowned regulating body for the foreign exchange market.
Goldwell Capital, on the other hand, is in full compliance with all applicable
regional legislation and is hence regarded as a risk-free trading option.
Trading conditions at Goldwell Capital are also fairly robust, and clients have
access to industry-leading MT4 platforms as well as a variety of financial
instruments to trade with.
Goldwell Capital is a Cambodian broker that gives its customers access to the
foreign exchange market by using the MetaTrader4 platform, which is the global
leader in its field. They are in possession of a license from the relevant
authorities in the nation; nonetheless, they have presented the terms of their
trade in a manner that is not particularly professional.
After conducting extensive study on the organization and putting its platform
through its paces, the following are our conclusions regarding this broker.
Before you decide to invest with Goldwell Capital, you should definitely give it
a read.
Let's get right to the meat of the matter: the Securities Exchange Commission of
Cambodia (SECC) has recognized Goldwell Capital Co. Ltd., the broker's parent
firm, as a derivatives broker that is permitted to operate in Cambodia.
Keep in mind that in order to obtain a brokerage license in Cambodia, you will
need a minimum operational capital of at least $250,000 as well as a security
bond that is equivalent to 15% of your firm's total capital. In the same vein,
the required minimum amount of capital for a central counterparty license that
enables clearing and settlement services is 5 million US dollars. Therefore, a
certain level of dependability is conferred onto Goldwell Capital as a result of
the fact that company possesses a license issued by SECC.
Another one of this broker's many compelling selling points is the platform of
their choosing, which is MetaTrader4 (MT4). The majority of traders are familiar
with this trading program, and they take pleasure in utilizing it for a variety
of factors, including its user-friendliness, dependability, and profusion of
helpful tools and features. To be more particular, this platform offers
customised trading boots, sometimes known as Expert Advisors, has one of the
best charting packages available, and it is a leader in analytics.
In point of fact, it may appear weird that a forex broker license may be
considered as both an advantage and a drawback at the same time, but we shall
explain further why this is the case. Although Cambodian forex brokers are
required to meet certain requirements, such as for capital adequacy and client
account segregation, the local regime cannot be compared to that of major
financial hubs such as the United Kingdom, Australia, or Hong Kong because
Cambodia's financial market has only been regulated since 2016.
Therefore, the legal environment for forex brokers in Cambodia is likely to be
more lax than that which is present, for example, in the member states of the
European Union, but it is likely to be more stringent than that which is present
in off-shore zones.
As was noted at the outset of this discussion, Goldwell Capital does not provide
satisfactory answers to a significant number of crucial concerns concerning the
pricing and trading circumstances of its products. Any and all information
pertaining to trading has not been divulged by the broker. Therefore,
prospective customers are not aware of the trading charges, which include the
initial deposit that is required, the spread, the transfer fees, the leverage
levels that are supplied, and so on. To say the least, this behavior on the part
of a registered brokerage is completely inappropriate.
Despite this, they provide a free testing facility, which allowed us to quickly
set up a demo account and evaluate their MT4 platform. The EUR/USD benchmark
pair was found to be fluctuating at 1.9 pips, which is not a terrible result.
However, there is a hefty commission fee of $50 that must be paid, which brings
the total cost of the brokerage up to a very extravagant level.
Demo version of the online MT4 offered by Goldwell Capital. Simply click on the
picture to see it in a bigger format.
Not to mention, this brokerage is the only one that accepts payments through
wire transfers from banks. Therefore, other typical payment methods like as
credit cards, PayPal, or Skrill cannot be used with Goldwell Capital, which some
traders may find unpleasant.
Goldwell Capital is a forex broker based in Cambodia; our experiences with them
have been conflicting. On the one hand, the business is regulated by the local
SECC, which lends them at least some amount of credibility. On the other hand,
the local SECC does not regulate the business. On the other hand, the
circumstances for trading do not offer any opportunities for financial gain to
traders. In addition, there are undoubtedly more trustworthy forex brokers
offering their services to local clients.
Research conducted in South Africa indicates that Goldwell Capital is a foreign
exchange (Forex) and contract for difference (CFD) brokerage business that was
founded in Cambodia and is licensed by the Securities of Exchange Commission of
Cambodia (SECC).
Due to the fact that Goldwell Capital did not begin operations until 2018, there
is not a lot of information currently accessible about the company. On the other
hand, it has already earned the trust of the local populace as well as the
industry.
To begin, what exactly is Goldwell Capital? Research conducted in South Africa
indicates that Goldwell Capital is a foreign exchange (Forex) and contract for
difference (CFD) brokerage business that was founded in Cambodia and is licensed
by the Securities of Exchange Commission of Cambodia (SECC).
Due to the fact that Goldwell Capital did not begin operations until 2018, there
is not a lot of information currently accessible about the company. On the other
hand, it has already earned the trust of the local populace as well as the
industry.
Cambodia is a jurisdiction that is expanding rapidly and has a considerable
interest in the foreign exchange market. Cambodia is located in Southeast Asia
and shares its borders with Laos, Vietnam, and Thailand. Cambodia has emerged as
the primary engine behind the expansion of the region's economy.
As a result of the Cambodian government's recognition of the significance of
economic growth, a significant number of international investors have
established operations in the country.
Goldwell Capital welcomes customers from the United States and provides a
variety of derivatives trading opportunities, such as trading Forex,
commodities, precious metals, and CFDs across hundreds of marketplaces at
competitive prices.
Goldwell Capital is committed to maintaining reliable and trustworthy trading
conditions and uses an automated execution procedure to obtain quotations from
the most reputable banks and financial institutions from across the world.
Identifying which regulatory agencies are acting as watchdogs over the
activities of a broker like Goldwell Capital is one of the greatest ways to
evaluate the level of safety offered by such an institution.
It is comforting to be aware that Goldwell Capital is subject to oversight by
the Cambodian government within the confines of a system for the regulation of
financial markets by way of the Exchange Commission of Cambodia (SECC).
The SECC was established in order to regulate players in the financial industry
and to provide protection for investors. This includes ensuring the safety of
customer funds that have been entrusted to brokers, keeping an eye on what
brokers are doing, and providing protection at every level.
Goldwell keeps its operating capital and the account money of its customers completely separate from one another by adhering to stringent standards and processes. This helps the company guarantee the safety of its customers' financial assets.
A stringent security system keeps an eye on each and every one of the customer accounts in order to offer complete safety.
You can receive a considerably higher exposure to the market you're trading in thanks to a feature known as leverage, which permits you to have much more exposure to the market than the amount you deposited to begin the transaction.
Your potential profit can be magnified when you use leveraged items, such as when you trade foreign currency, but your potential loss can also be increased.
Trading with leverage offers the potential for greater profits but also brings with it an increase in dangers; thus, you should first understand how to utilize leverage effectively. You have the ability to select the degree of leverage that is most appropriate for the instrument that you are using thanks to Goldwell Capital's varied options.
Goldwell Capital may provide high leverage ratios of up to 1:200 with a minimum
deposit of $200 (the lowest amount needed to conduct a transaction is $1,500),
and spreads starting from around 1.8 pips.
The number of accounts and types of accounts that a trader is permitted to
create with a broker firm frequently vary not only according to the nation in
which the broker company is based but also according to the regulatory bodies
whose jurisdiction it comes under.
In the instance of Goldwell Capital, the sole account type they provide is a
more straightforward ordinary one. This eliminates the need to compare the
various sorts of accounts, but at the expense of fewer opportunities to select
specialized features.
The Standard account gives users the opportunity to trade foreign exchange and
contracts for difference (CFDs) on the MetaTrader4 platform. This account also
gives users access to leverage options that are far greater than the industry
standard. However, a significant minimum investment is required before trading
can begin.
Goldwell Capital provides clients with the opportunity to engage in derivatives
trading, including forex, commodities, and precious metals trading, as well as
CFD trading, across thousands of markets at reduced trading costs.
With a daily worldwide trading volume that exceeds 5 trillion US dollars,
foreign currency margin trading is now the most active and liquid financial
commodity in the world.
Customers of Goldwell Capital trade directly with top-tier liquidity providers,
which results in trading spreads and execution that are among the most
competitive in the industry.
Investing in actual precious metals might be more difficult than trading
precious metals contracts, which provide a more straightforward trading approach
with fewer entry hurdles. Customers can make smaller investments of funds while
still reaping the benefits of possibilities presented by price volatility.
Trading in precious metals is widely acknowledged as a useful instrument for
combating inflation or maintaining financial security in times of challenging
economic conditions. Trading in precious metals has evolved into an essential
component that must be included in each investment strategy.
Contracts for Difference, often known as CFDs, are an agreement between two
parties on derivative instruments, which are typically referred to as "buyer"
and "seller." The value of a CFD is determined by the value of connected assets,
such as global stock indexes and commodities.
In order to facilitate the creation of investment portfolios that are more
diverse, clients have access to more than ten distinct main trading products
from the United States, Europe, and the Asia-Pacific area, in addition to crude
oil futures from the United States.
Due to the fact that Goldwell Capital operates on a global scale, the company
may provide customers with a variety of account types. These account types may
vary according to the requirements of the regulatory body with which Goldwell
Capital complies. As a result, Goldwell Capital customers may encounter various
fee structures depending on the country in which they reside or their place of
residence.
It is reasonable for traders to anticipate incurring expenses associated with
trading in the form of spreads, commission fees, overnight interest, or swap
fees. The website for the firm provides very little information on the
commission fees that may be relevant.
Spreads appear to be a little bit larger than typical, and traders should also
keep in mind that overnight interest will be paid on trades that are held open
for longer than a certain amount of time.
When signing up, prospective traders should first educate themselves on the
individual costs by gathering more information about them.
Goldwell Capital offers flexible trading circumstances, with trading contract
sizes beginning at 0.01 lots. This micro account enables you to manage positions
in accordance with the strategy you have devised.
Trading conditions are provided by Goldwell Capital, and they include spreads
for EUR/USD and USD/JPY that are as low as 1.8 pips, spreads for gold and silver
that are U.S. $0.5.
Bank transfers are the one and only option for customers of Goldwell Capital to
fill their accounts when making deposits. The broker will not charge you any
costs from their end, but it is possible that you may be required to pay fees at
your bank's end, which might range anywhere from $25 to $50.
You have to go to the bank that you normally use, fill out an application for
sending money overseas, and then give Goldwell Capital your deposit receipt,
together with your name and account number. This is required in order to add
cash to your account.
Should you fail to send in this information, it may result in a delay in the
crediting of your cash.
Withdrawals can only be processed through bank transfers and will often incur
costs from the receiving financial institution. Because these costs are
determined by your individual bank, you should rather inquire with them about
the potential cost before you sign up for the service.
The online customer service center is where you submit your request to withdraw
monies from your account.
On a business day, a withdrawal will be handled on the same day if it is
requested before noon; however, withdrawals made in the afternoon will not be
processed until the next business day.
Since Goldwell Capital does not specify a minimum deposit requirement for
opening an account, it is safe to conclude that there is no minimum amount that
must be deposited.
The same holds true for the question of whether it has its own fees for deposits
and withdrawals. However, given that the only option for transfers that is
currently available is Bank Wire, you should simply establish with your payment
provider or bank institution wat fees would be incurred by using Bank Wire.
It's possible that different nations may implement distinct international rules
and charge policies regarding their customer base.
Goldwell Capital provides support for the MT4 platform, which is the most
popular trading platform in the world. MT4 may be downloaded for use on a
personal computer, on a mobile device, or through the browser-based version
known as Webtrader.
MT4 has a straightforward user interface, instant execution, support for an
artificial intelligence trading system, nine different periods, several trading
tools, support for expert advisors, and a variety of other features.
Not only is MT4 well-known for its robust charting skills and general
capabilities that are adaptable to any trading style, but it also provides some
of the most effective trading models along with strong tools and add-ons. MT4 is
a popular platform for a number of reasons.
Because the platform is accessible to traders through any device (PC, iOS, or
mobiles), you will always be able to remain connected and up to date, no matter
what the conditions or the circumstances may be.
Because of its user-friendly interface and the availability of hundreds of
educational resources and courses on the internet, MT4 is extremely well-liked
and esteemed by both novice and seasoned traders alike.
Professionals value the platform's ability to link algorithms built just for
them, as well as its extensive feature set, and they are able to make the most
of the possibilities offered by the platform.
The platform enables connectivity through Expert Advisors, which are MT4 robots
that carry out orders in accordance with a predetermined algorithm. This
algorithm may either be designed according to a user's unique requirements or
chosen from among those that are already accessible.
Instructions for creating a new account:
The analysis of Goldwell Capital is uncomplicated and straightforward.
In the same way that you would have to go through a basic "know your customer"
procedure in order to open a bank account, in order to open a Forex trading
account with Goldwell Capital for the first time, you will be needed to go
through this process.
Because of this, Goldwell Capital will be able to verify the accuracy of the
personal information you have provided, as well as guarantee the protection of
your cash and the information associated with your account.
Following the completion of the preliminary registration, you will typically get
an email containing your login information. These data will correlate to a login
on a trading platform that is suitable for the type of account you have.
Potential traders have a responsibility to make certain that the broker firm
they select will provide support and assistance at any time they may want it.
This should make it easier for consumers to get the precise answers to their
inquiries and provide the greatest possible user experience for those customers.
Goldwell Capital provides its traders with high-quality customer care in
addition to a variety of tools that are designed to make the trading process
easier.
Goldwell Capital has a dedicated staff of customer care representatives that are
available online around the clock, five days a week, to deliver exceptional
assistance to clients. You may get in touch with the support team by LiveChat,
the phone, or email.
Potential customers of Goldwell Capital who are interested in entering the world
of forex and commodities trading should make it a priority to acquire all of the
relevant knowledge and experience necessary for doing well in the industry
before beginning to trade.
A trader should look into other informative websites and methods to get the
necessary expertise if the Goldwell Capital website does not supply enough of
the necessary resources on its own.
It appears that the sole educational opportunity provided by this broker is the
opportunity to open and trade using a free demo account, in addition to
receiving technical instruction via online seminars.
Even if a demo account is the most effective approach for beginners to hone
their skills, they should still try to learn as much as they can before putting
their actual money on the line in a real account.
On its website, Goldwell Capital does, in fact, offer users an economic calendar
and regularly updated market news.
Participants' confidence will be boosted as a consequence of this workshop's
complete instruction, which includes both technical analysis and knowledge that
can be applied in real-world situations. This will help participants obtain an
acceptable outcome from their forex trading.
Potential traders should perform as much study as they can on this sort of
speculative trading before beginning, but also prior to every daring deal, in
order to increase their chances of being successful in their trading endeavors
and increase their level of confidence.
Because of this, they will avoid losing money unnecessarily, and on the other
side, they will be able to make as much money as they can trading.
Goldwell Capital has recruited a number of capable financial analysts in order
to furnish clients with market analysis and research from a variety of vantage
points. This enables Goldwell Capital to assist clients in developing an ideal
trading strategy and seizing the most lucrative investment opportunities.
They provide :
Analysis of the Market Every Day
Notices from the company
Economic calendar
Market news
research of the highest caliber conducted by the development team, which offers
customers comprehensive fundamental and technical market analysis from a variety
of vantage points, with the goal of assisting those clients in the creation of
investment strategies that are more effective.
Traders should always look to see what awards a broker firm has earned over the
course of its years in operation. Being a part of a company that has won honors
inspires traders to have a higher level of trust in that organization.
Due to the fact that Goldwell Capital didn't begin operations until 2018, there
isn't a lot of information accessible regarding the accolades the company has
received as of yet.
Goldwell Capital is a registered broker that provides trading opportunities in
foreign exchange (Forex), contracts for difference (CFDs), and precious metals.
The company provides high leverage options and supports the MT4 trading
platform; however, the website is somewhat unclear, and the company does not
provide support through LiveChat, so it may be difficult to discover certain
essential details, such as the precise commission fees and how high leverage
options work.
Goldwell Capital is subject to regulation in Cambodia, where it was founded, and
the company's circumstances within the country's borders are among the most
favorable available.
Goldwell Capital complies with all of the necessary local laws and can be
considered a safe trading opportunity. Despite the fact that Cambodia is not a
world financial center providing abundant trading opportunities and is also not
regulated by a well-known authority, Goldwell Capital offers trading
opportunities that are safe.
Goldwell Capital License: Goldwell Capital Co., Ltd. is approved by the Securities and Exchange Commission of Cambodia and has the registration number 00029659.
Goldwell Capital is a Cambodia-based brokerage firm that complies with all of
the necessary legal requirements to be registered with the government and
conduct business there. The broker provides a variety of financial derivatives
trading options, including foreign exchange (Forex), commodity, precious metals,
and contract for difference (CFD) trading across hundreds of marketplaces, all
of which come with reduced trading fees.
Despite the fact that Goldwell Capital has only been in business since 2018, the
company has already earned the respect of both the general people and the
industry. In the end, Cambodia will become a developing jurisdiction that
demonstrates a substantial interest in the foreign exchange market in the most
recent years.
While Goldwell Capital takes the essential efforts toward establishing a steady
and consistent commitment to provide customers with trustworthy trading
circumstances in collaboration with the Cambodian government, The broker
consistently operates under the NDD execution paradigm and uses an automated
execution procedure to obtain quotes from the most prestigious banks and
financial institutions from across the world.
According to findings from recent study, prospective traders should first
educate themselves on all of the hazards that are connected with trading on
margin and consult with an independent financial advisor if they have any
questions or concerns about the subject.
Sites like Goldwell Capital in the UAE
Here is a list of quality Forex, CFD, Stock and Crypto Brokers for new and professional traders living in the UAE:
- Olymp Trade - People simply love this one (Olymp Trade Review)
- Binance - World's largest cryptocurrency e-wallet and exchange that also has an online trading platform, where their members can invest or trade in virtually hundreds of cryptocurrencies and new tokens. (Binance Review)
- IG Markets UAE - UK broker located at Tower 2, Level 27, Al Fattan Currency House, DIFC. (IG Markets UAE Review)
- City Index Middle East - London-city broker with a branch in the UAE. (City Index Middle East Review)
- eToro - Social trading platform, but much better options are available out there. (eToro Review)
- Swissquote - It's a Swiss bank that offers an online trading platform for forex and CFD trading. (Swissquote Review)
- easyMarkets - Israeli brand that is big all over. (easyMarkets Review)
- Forex.com - Google ranks them in the top 10 for the term "forex". (Forex.com Review)
- Plus500 - UK brand that has its own platform, OK for CFDs, with mediocre reviews. (Plus500 Review)
- AvaTrade - Regulated by ADGM's Financial Services Regulatory Authority (FSRA) in Abu Dhabi. (AvaTrade Review)
- FXCM.com - Oldest brand when it comes to retail online forex trading. (FXCM.com Review)
- Mashreq Neo - An online trading platform provided by Mashreq Bank. (Mashreq Neo Review)
- ForexTime (FXTM) - Owned by Andrey Dashin from the Alpari broker fame. (ForexTime FXTM Review)
- Noor Capital - Licensed and Regulated by the UAE Central Bank and SCA. (Noor Capital Review)
- XM.com - XM broker is big in Africa and South East Asia, and now promoting themselves hard in the UAE. (XM.com Review)
- Saxo Bank - Danish Investment Bank with a long history of catering for premium forex investors. It also provides crypto trading facility. (Saxo Bank Review)
- Pepperstone - Originally Australian, but licensed locally by Dubai Financial Services Authority. (Pepperstone Review)
- CMC Markets - UK-based broker that is popular among CFD traders. (CMC Markets Review)
- ETX Capital - UK broker that has a decent reputation among Arab investors. (ETX Capital Review)
- Interactive Brokers - American online-trading broker that is expanding into Asian and Arab markets nowadays. (Interactive Brokers Review)
- Rakuten Securities - Japanese broker that usually looks out for large institutional investors. (Rakuten Securities Review)
- Dukascopy Bank SA - Swiss bank that offers online forex trading on its own proprietary platform. (Dukascopy Bank SA Review)
- IQ Option - It's a below-average broker with no Dubai office, but does have a toll-free virtual number for UAE: 800 032 0891 -> No Arabic, English only. (IQ Option Review)
Reviewed by Arpita Singh
Arpita Singh is the main writer at ForexBroker.ae. As a senior investment professional with 10+ years of experience working at top-tier Private Equity and Sovereign Wealth Fund; she is also responsible for fact-checking concepts, reviews, and related details about brokers and exchanges listed on this website. Full Bio.