Is GOLDTRADE a scam?
Wikilix independent safety report
No, we found no proof that GOLDTRADE is a scam, and no regulator warning or fraud case names it. But it is not a forex or CFD broker, and it is not financially regulated, so we rate it high risk. GOL…
Risk scorecard · each area scored 0 (clean) to 10 (worst)
Broker Summary
What Wikilix has recorded about GOLDTRADE: its history, the licences it holds, its trading conditions and its fees.
Introduction and Overview
It is apparent that the main goal of GOLDTRADE is to position the organization as a trading broker and provider of financial services. Interestingly, amid the ever-changing nature of the financial market, trading brokerages such as GOLDTRADE always aim to offer trading tools and facilities to meet the demands of the modern day trader.
Background and History
GoldTrade, established in the year 2010 and currently operating from the UAE, is an online precious metals company that is dealing in the retail and investing business of gold, silver, and precious gemstones. The company, being unregulated, has certain risks involved in the trade.
Knowing the background of a broker can help one determine the reliability and market status of that broker. While dealing with GOLDTRADE, potential clients can contact them or get relevant information about their background.
Key Features & Offerings
Nonetheless, in light of the fact that not much information is available, brokers such as GOLDTRADE may provide various tools and account types depending on various trader profiles. These may be in terms of forex spots, precious metals, stock indexes, in addition to possibly including cryptos or CFDs. The major attraction in this case may be its ability to provide a smooth trading experience.
In addition, there are also differences amongbrokers regarding educational resources, market analysis, and trading tools. Even though details are not provided regarding GOLDTRADE, it is necessary to keep in mind such factors when determining if it is the right brokerage firm for your trades.
"Regulatory compliance and licensing" is
Regulation is one of the essential aspects a trusted broker must necessarily have. Sadly, not much can be found about their regulatory license and status in terms of compliance. In fact, traders are warned not to deal with this broker if they do not possess clear regulation credentials.
Trading Conditions and Platform Technology
Spreads, leverage, and minimum deposits are some of the factors necessary for the assessment of the competitiveness of the brokerage. Unfortunately, current information on the trading terms at the GOLDTRADE brokerage is not publicly available.
Moreover, the type of trading platforms available on the websites of GOLDTRADE—whether proprietary software or MetaTrader 4/5—is not disclosure. Platform technology also forms an essential part of the trading experience and will provide the client with functionality such as graph analysis software and order execution speed.
Following is a summary table describing the current status of the trading terms and technologies found at GOLDTRADE.
Trading Condition Details
Spreads velký nedostatek
Fee Structure
Knowing how fees work is essential for traders to control their expenses properly. The fees may involve commissions, spreads, deposit fees, withdrawal fees, and inactivity fees. For GOLDTRADE, a detailed information on how much of such fees is not yet made publicly available.
Since it is not possible to evaluate the price-effectiveness of trading on GOLDTRADE without clear fee information, it would be best if potential traders asked about fee structures before choosing to work with this firm.
Withdrawal Fees The information is very
User Experience, Market Reputation
Feedback from clients and market reputation can serve as an indication of the reliability and quality of the services provided by the broker. Unfortunately, there is very limited information in the public domain about reviews or testimonials from clients of GOLDTRADE.
Those traders who are interested in trading in the GOLDTRADE market can also consider contacting the traders who are already using the market and take guidance from them.
Introduction
GOLDTRADE describes itself as a trading broker in the financial services industry, but there is limited publicly available information to assess the nature of its services and reputation in the industry. Caution and independent verification of important information such as licenses, trading terms, costs, and functionality associated with trading are advised for potential traders wishing to use the services of GOLDTRADE.
Without full knowledge and data, it is imperative that due diligence and careful thought are given when choosing, or using, an online broker, including GOLDTRADE, in order to ensure safety and effectiveness.
Regulatory Licenses
We have not confirmed any regulation for GOLDTRADE. Money deposited with an unregulated broker is protected only by the company itself.
Trading with an unregulated broker puts your deposit at risk.
No regulation
We have not confirmed any regulation for GOLDTRADE. An unregulated broker is not supervised by a financial authority, and money you deposit is protected only by the company itself.
What this means for you
- No compensation scheme covers your funds.
- No regulator to escalate a complaint to.
- No audit of how client money is held.
Account Types
3 account types on record. Minimum deposit from AED 250. Leverage up to 1:1.
| Account | Min Deposit | Max Leverage | Commission |
|---|---|---|---|
| PremiumVIP | Not recorded | 1:1 | Not specified |
| PremiumVIP | AED 250 | 1:1 | Not specified |
| Corporate | Not recorded | 1:1 | Not specified |
Funding Methods
5 ways to fund an account. 5 with no deposit fee. 3 credit instantly.
| Method | Deposit fee | Withdrawal fee | Min deposit | Withdrawal min / max | Processing |
|---|---|---|---|---|---|
Visa, MastercardCredit CardFunds are processed within 24 hours; actual receipt may vary depending on the issuing bank. Available in all supported regions; specific card types may vary by country. | Free | Free | USD 50 | USD 50USD 2,000 | Instant |
Bank Wire TransferBank TransferProcessing times may vary; clients are responsible for any bank charges incurred. Available in all supported regions; processing times may vary by country. | Free | Free | USD 10,000 | USD 50USD 2,000 | Up to 1 day |
Skrill, NetellerE-WalletProcessing times may vary; clients are responsible for any e-wallet fees. Available in all supported regions; specific e-wallets may vary by country. | Free | Free | USD 50 | USD 50USD 2,000 | Instant |
Bitcoin, Ethereum, USDTCryptocurrencyProcessing times may vary; clients are responsible for any network fees. Available in all supported regions; specific cryptocurrencies may vary by country. | Free | Free | USD 100 | USD 50USD 2,000 | Instant |
Local Bank TransferBank TransferProcessing times may vary; clients are responsible for any bank charges. Available in all supported regions; specific banks may vary by country. | Free | Free | USD 50 | USD 50USD 2,000 | Up to 1 day |
Company Registration
GOLDTRADE names RKV Gold Trade LLC as the operating company. We could not confirm that registration on the registry.
- Legal entity
- RKV Gold Trade LLC
- Registration number
- 1084512
- Jurisdiction
- United Arab Emirates (Dubai)
- Registry
- Dubai Department of Economy and Tourism (commercial trade licence)
- Registered address
- 217, Sheikha Building, Al Ras, Deira, Dubai, United Arab Emirates
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Frequently Asked Questions
Common questions about GOLDTRADE





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