What’s the name of Goldwell?
Goldwell Capital is a brokerage firm founded in Cambodia, also registered and governed under local law. The broker provides derivative trading including Forex, Commodity, Precious Metals and CFD trading across thousands of markets, all offered at lower trading costs.
Even though Goldwell Capital has been operating only since 2018, it has already gained some trust in the local population and industry. All in all, Cambodia is a rising jurisdiction that has shown significant interest in the Forex industry in recent years.
Goldwell Capital is taking the necessary steps towards a stable and reliable commitment to provide customers with reliable trading conditions in cooperation with the Cambodian Government. The broker builds on the NDD execution model and acquires quotes from top global banks and financial institutions with an automated execution process.
Customer Support Services
In addition, Goldwell Capital also provides its high-quality customer service traders with various tools that help them in the trading process. These include market updates and news, economic calendars as well as other essential details or information that you will use on a daily basis.
Is Goldwell Capital Secure or a Scam?
Now let’s cover the most important note about Goldwell Capital, because nothing matters more than the honesty of the broker you’re dealing with. Goldwell Capital, a Cambodian Forex broker, is also regulated by the Cambodian Government within the scope of the financial regulatory system through the Exchange Commission of Cambodia (SECC).
The SECC authority was explicitly set up with the aim of controlling financial industry participants and protecting investors under the necessary rules. This collection of responsibilities covers an essential part, such as the preservation of client property, and maintains strict policies for the supervision of acts, as well as safety at all levels.
Nonetheless, it should be noted that Cambodia is not a reputable jurisdiction to compete with other industry-known and world-leading financial players.
But, it does the work it needs to do in its efforts to increase its impact, and has a regulated Forex industry within the country legislation framework, as regards the security of the company and its financial system.
Platforms for Trading
With its aim of offering a reliable trading service and an efficient environment, Goldwell Capital chose the market leader MetaTrader4 as a trading software. MT4 is not only known for its powerful chart features and general capabilities to match any trading style, but also provides some of the best trading models with powerful tools and add-ons.
You can access the app via any PC, iOS or Mobile device so that you stay connected and up-to-date under any conditions or circumstances.
MT4 is loved by both beginner traders who appreciate its customer-friendly interface along with thousands of courses and learning materials available online. Professionals appreciate its ability to connect custom algorithms, have robust features and make the most of the platform’s capabilities. Finally, the platform allows communication through Expert Advisors, popular MT4 robots that execute orders according to the set algorithm, which are available either for custom specification or for choice between available ones.
Goldwell Capital offers adjustable trading conditions because you can choose a contract size starting from 0.01 lots, which is a micro account that allows you to manage your position according to your strategy. There are no variations between account types, you can either select a Demo account for your practice purposes or sign up for Live account.
Going to the very important section of the spread of Goldwell Money, we can see that the broker offers very friendly trading conditions. Thus trading spreads for EUR/USD and USD/JPY may be as small as 1.8 pips. Gold spreads are US$0.5 and silver is US$0.04.
And, of course, always think about the rollover or overnight fee as an expense, described as a fee or refund, depending on long or short positions you held longer than a day.
Leveraged trading provides the opportunity for greater profit, yet also increases risk, so you should always know how to use leverage smartly. At the end of the day, Goldwell Capital offers flexible leverage so that you can choose the most appropriate level for an instrument or another. Also, being a Cambodian broker, Goldwell may still offer high leverage ratios of up to 1:200 available to retail traders. Similar to the securities market, CFD only needs a leveraged margin of 0.5 percent-2 percent.
What Deposit and Withdrawal Methods Goldwell Capital uses?
In order to deposit money into your Goldwell Capital trading account, you can only use Bank Wire as a way of depositing money. Even though it seems like a limited variety, Bank Wire is the easiest, most secure and most effective way to make money transfers.
Goldwell Minimum Deposit
Finally, Goldwell Capital does not discuss the minimum deposit condition required for the opening of the account. Therefore, we can assume that there is no defined amount required to start trading, but you should always check the margin requirement for the instrument you trade. Also, it is best to consult with the customer service as different requirements can apply.
Fee for Withdrawals
The broker does not specify its own fees for both deposits and withdrawals. Nevertheless, since the only transfer option available is Bank Wire, you should also check any fees with your payment provider or bank institution. Various countries of origin apply different international policies and fee systems to clients.
We see a broker who is governed in his country of origin, Cambodia, and offers very competitive conditions within his jurisdiction. Despite the fact that Cambodia is not a global financial center providing a wide range of trading opportunities, there is no world-famous regulatory authority for Forex.
Goldwell Capital, however, complies with all the relevant local laws and is therefore considered a safe trading opportunity.
Goldwell Capital trading conditions are also quite strong, along with access to industry-leading MT4 platforms and various trading instruments.