Broker Summary
Summary of the broker
Overview and Introduction
With the increase in demand for gold trading, more brokers are advertising themselves as specialists in the field of precious metals. Currently one of the more popular names to be mentioned among those trading is GOLDTRUST.The following table summarizes the Regulatory Analysis Conducted:
Regulatory Analysis
Regulatory Authority Of Broker | Regulatory License Number Of Broker | Status Of Broker
---|---|---
GOLDTRUST | No regulation | No license issued | No regulatory license
Gold Trust Finance | No regulation | No license issued | No regulation; Contains a risk of fraud
FP Markets | ASIC (Australia) | 424008 | Licensed and regulated
Axi | ASIC (Australia); FCA (United Kingdom) | 509746 (ASIC) | Licensed and regulated
Pepperstone | ASIC (Australia); FCA (United Kingdom) | 414530 (ASIC) | Licensed and regulated
Trading Conditions And Platforms
There are no trading conditions listed on GOLDTRUST including trading spreads, leverage, and minimum amounts required to open a new trading account and what Qualifying Platforms will be made available.
To show the comparison and benchmark for GOLDTRUST, the following are the trading conditions on offer from some of the more reputable brokers researched:
Trading Conditions Benchmark Comparison
Broker Name | Gold Spreads | Leverage | Minimum Deposit | Cookie Type
---|---|---|---|---
FP Markets | 0.20 Pips | Up to 500 | USD 100 | MT4 , MT5 , IRESS
Axi | 0.40 Pips | Up to 400 | USD 0 | MT4 , MT5
Pepperstone | 0.10 Pips | Up to 500 | USD 200 | MT4 , MT5 , CTRADER
Fee Structure
There was no fee structure available to review on GOLDTRUST; however, the following are the fee structures available from three of the more reputable brokers who post their total costs to open and maintain a trading account.
Fee Structure Comparison
Broker Name | Deposit Fees | Withdrawal Fees | Commissions
---|---|---|---
FP Markets | Free | Free (Fee may vary) | Starting from USD 3.50 per lot (on Raw Account)
Axi | Free | Free | Starting from USD 7.00 per lot (on Pro Account)
Pepperstone | Free | Free | Starting from USD 3.50 per lot (on Raw Account)
User Experience And Reputation In The Marketplace
It is difficult to recommend the reliability of GOLDTRUST without being able to reference user reviews, ratings, and testimonials; therefore, it is necessary to conduct thorough due diligence.
In comparison, each of the three reputable brokerage firms (FP Markets, Axi, Pepperstone) has established an overall positive reputation/success and communicate frequently with their clients, have maintained an updated and easily accessible record of the services they are offering, and continue to improve on their services.
Recent Updates
As of now, there have been no news updates, announcements, or press releases for GOLDTRUST. Meanwhile, the representatives of these three reputable brokers continue to put out updates including platform improvements, regulatory alerts, and market alerts.
Recommendation
While GOLDTRUST has been mentioned in a few gold related forums as a company, there are no facts that could be verified regarding whether or not it is a regulatory broker under that name, and therefore cannot be recommended to anyone as a safe option for buying, trading, or investing in gold. The lack of a license, inability to verify trade histories or platform technology information, and absence of any client feedback all contribute to a heightened risk level.
If you plan on buying, trading, or investing in gold, we highly recommend that you conduct a thorough review using a recognized, regulatory authority governed broker such as FP Markets, Axi, or Pepperstone. All of these brokers are regulated, transparent, and provide similar competitive trading conditions. Additionally, they offer access to professional trading platforms.
It is critical to conduct thorough due diligence when choosing a broker for trading purposes if there are no records available for operational or regulatory verification.
Regulatory Licenses
Compliance & oversight
CFFEXTier 1Regulated
Account Types
Trading account options
No Account Types
Account type information is not available for this broker yet.
Funding Methods
Deposit & withdrawal options
Bank Wire Transfer
Live Spreads & Trading Costs
Compare real-time spreads on major currency pairs
Spreads are the core trading cost with GOLDTRUST FUTURES: the difference between the bid and ask price you pay on every trade. Tight, stable spreads on major pairs like EUR/USD, GBP/USD and USD/JPY mean lower costs for scalpers, day traders and long-term investors alike.
- Live spread table for six major currency pairs, refreshed every few seconds
- Excellent / competitive / high ratings so you can benchmark GOLDTRUST FUTURES at a glance
- Bid, ask and pip-change data to estimate your real cost per trade
Spread data is indicative and for comparison purposes only
Social Presence
Digital community engagement
No Social Media Presence
This broker doesn't have active social media accounts
Corporate Network
Enterprise structure & relationships
Jinxin Futures Co., Ltd.
Registration
91430000100022661F
Established
1995-10-23

Comments
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