Goldwell Capital is a global brokerage firm founded in 2018. The headquarters are located in Cambodia and the company was licensed by the Cambodian financial authority (SERC).
Some decent trading conditions are given to traders, including low spreads, fast order execution, no commission charged, reliable MT4 platform, and leverage of up to 1:200.
Buying and selling is possible with a few groups of tradable assets like CFDs, currency pairs, and precious metals.
Being licensed, Goldwell Capital is authorized to perform bank transactions and offer the financial services it advertises. The safety of funds is guaranteed and the broker enforces consumer protection measures and transparency.
Goldwell Capital Pros and Cons
Goldwell Capital is regulated by the jurisdictional regulator of Cambodia – SERC. Despite respecting the legal framework set up by the mentioned financial authority, Goldwell Capital would be expected to gain additional licenses as a global brokerage firm.
The trading platform offered at Goldwell Capital is MetaTrader 4. Practically among the best trading software ever developed, it is still trusted and used worldwide.
However, it would be recommendable for a broker of this potential and capacity to offer more trading software. Other regulated and top-tier brokers oftentimes support MetaTrader 5 besides its predecessor or other platforms, too.
World-class customer support is very responsive and easily approachable, but it is not available all day and during the whole week.
Only two available account types are live and demo. For a regulated broker operating on a global scale, we’d expect a wider range of accounts offered. Corporate accounts are also not available. It’s the same with Islamic accounts (swap-free accounts).
|Instruments||Forex, precious metals, CFDs (on indices, commodities)|
|EUR/USD Spread||1.8 pips|
|Base Currencies||USD, JPY, GBP, EUR|
|Education||Only in the form of articles (news, market updates, economic calendar)|
Is Goldwell Capital Safe? License and Safety of Funds
Goldwell Capital is holding the Derivative Broker license from the Securities and Exchange regulator of Cambodia – SERC. This license confirms that Goldwell Capital is allowed to offer all types of derivatives on the global market.
As a jurisdictional regulator in Cambodia, SERC is responsible for regulating the financial service providers in that territory. It enforces rules meant for protecting the investor’s funds, safe depositing, transparency in considering transactions, and implementation of anti-money laundering techniques.
However, as a global brokerage company that offers access to numerous world markets, obtaining only one regulation can be seen as insufficient. Although providing the basic necessary framework and supervision of brokers, SERC is not a reputable top-tier regulatory body.
Some world-class regulators with strict regulatory rules are FCA, IIROC, ASIC, and CFTC. More strict measures for risk reduction are implemented, including negative balance protection, compensation scheme, and leverage restriction.
SERC is a loose financial entity so we cannot claim Goldwell Capital to be as safe and trustworthy as other global brokerage firms regulated by the mentioned organizations.
Accounts Types Offered by Goldwell Capital
There are two possibilities concerning accounts at Goldwell Capital: demo account and live account.
The minimum deposit required to open a live account is only $1. For investors who would like to get familiar with the trading conditions and trade risk-free, a Demo account is designed.
It is up to the investor how much they would like to deposit and fund their account. The biggest benefit of trading at Goldwell Capital is definitely a small deposit requirement. No other account types are available.
Trading Platforms Overview
Goldwell Capital offers to trade on the famous MetaTrader 4 software. Developed by MetaQuotes in the early 2000s, MT4 has climbed to the top of the industry and remained there for a long time. Although almost replaced by its successor, MetaTrader 5, this software still remains the preferred choice for many brokers and investors.
MT4 has very low requirements considering the operating system of your device. Despite that, it provides instant execution in online transactions and gives you an edge and opportunity in every market. MT4 provides price information in real-time accurately and reliably.
Comprehensive technical analysis helps investors keep up with the latest prices and trends. With accurate trading data and being up to date with market changes, investors can confidently plan a trading strategy with the best outcome desired.
MetaTrader 4 can be downloaded on all devices and every operating system is supported, including Windows, iPhone, Android, and Mac OS.
Trading Instrument Available at Goldwell Capital
Two major groups of trading assets available at Goldwell Capital are:
- Foreign Exchange & Precious metals
- Contract for Difference (CFDs)
Trading CFDs means buying and selling assets upon agreement between the two parties – buyer and seller. Contracts can be closed on assets such as global stock indices and commodities.
If, upon closing the position, the price rises, the seller pays the buyer the difference in positions and vice versa. The advantages of trading CFDs are the variety of products offered at Goldwell Capital. Another is more flexible leverage, as CFD only requires a 0.5%-2% margin.
On the other hand, foreign exchange is considered to offer instruments that are most active. Goldwell can guarantee traders access to top-tier liquidity providers, competitive spreads, and quick execution. Lower trading costs are offered through spreads as low as 1.8 pips.
Precious metals trading is often recognized as a tool against inflation, being the financial safe haven. Gold spreads can be as low as $0.5, while it’s $0.04 for silver. Leverage is flexible and can be up to 1:200.
Deposits and Withdrawals Methods
The only depositing method that Goldwell Capital accepts is bank wire transfers. Although fees could happen for this depositing method, they’re applied by the bank managing the client’s funds, not the broker.
Wire transfer is considered the safest way to fund your trading account and it assures transparency of transactions.
While Goldwell Capital can be considered as lacking the variety of methods provided for account funding, enabling the safest and most convenient method is still an advantage.
The minimum deposit amount required to be deposited to gain access to a live account is not defined, meaning it could be as low as $1. If you would like to immediately start trading with a live account, the recommendation is to check the requirements for the margin of the specific asset you plan to buy/sell.
For withdrawing and depositing have the same method. Goldwell Capital clarifies it does not charge any commission or withdrawal fees. In case any charging happens, it would come from the bank in charge of the transaction or currency conversion.
Goldwell Capital Offers Bonuses and Promotions
Seasonal bonuses and promotions are available at Goldwell Capital. Rewards are given to new clients all the time but they usually require funding your account with some amount first before gaining the right to participate.
However, it seems that some of these bonuses may come with strings attached, such as trading volume requirements. Some bonuses awarded can also be taken away in case no trading activity is performed in the period of 30 days.
Tread carefully when it comes to accepting bonuses and promotions. Some top-tier regulators like FCA have actually banned the bonuses offered to UK customers.
Contacted staff at Goldwell Capital in various ways:
- Live chat
- Fill-in-form on the site
Phone number 23-888-778 is provided for the customer seeking support via phone call. For those that require instant answers to their issues, the Live chat option is available, although accessible after filling in your info.
You can report your problem, through an email at [email protected] or by filing a complaint on the website with a description of your issue. Response received via the email you provide in your report.
Goldwell Capital Overall Summary
Goldwell Capital seems to be praised by its customers and different reviews online all speak highly of this broker.
After examining some trading conditions like instruments available, leverage, spreads, commissions, and accounts allowed, we can conclude that the broker offers a fairly decent trading environment.
Along with the fast MT4, rich in features and customizable options, traders can build their trading strategy from scratch and hope for profitable results.
Despite not being available 24/7, customer support is still highly responsive and user-friendly.
The education provided is not the most helpful as it’s only in the form of articles. Not every beginner can expect to build the knowledge they might need to start off successfully.
In the end, Goldwell Capital is still a reliable broker. It is up to the traders and their preferences to decide if they’re willing to trade here or not.
FAQs About Goldwell Capital Broker
What Account Types Does Goldwell Capital Offer?
The two basic account types that Goldwell Capital offers are Demo accounts and live accounts.
Does Goldwell Capital Offer Demo Account?
Yes, a Demo account for trading without investing and risk-free is available at Goldwell Capital.
What Are The Deposit Methods and Fees at Goldwell Capital?
The deposit method accepted at Goldwell Capital is a bank wire transfer. The broker itself does not charge any fees for deposits and withdrawals but there is an inactivity fee.
What Is the Minimum Deposit at Goldwell Capital?
No established minimum deposit amount, so users can start trading on a live account with as little as $1.
Does Goldwell Capital Have a Mobile Trading Application?
No dedicated app developed for Goldwell Capital, but the MT4 trading platform by Goldwell Capital can be accessed from phones and all other devices.