Goldwell Capital Review 2024
Website: www.goldwellcap.com
Min. Deposit: US$ 200
Leverage: 1:200
Trading Platforms: MT4
Regulation: SECC
Headquarters: Cambodia
Founded: 2018
Regulatory Licenses:
- Goldwell Capital Co., Ltd. - authorized by SECC (Cambodia) registration no 00029659
Updated on February 28, 2024
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Goldwell Capital is a brokerage firm based in Cambodia, offering a variety of derivatives trading services including Forex, Commodities, Precious Metals, and CFDs. Our comprehensive review methodology compares Goldwell Capital against a backdrop of over 1000 brokers, focusing on aspects such as trading conditions, platform accessibility, regulatory compliance, customer service, and overall trader satisfaction.
Goldwell Capital Pros and Cons ▲
Pros
Competitive trading conditions
Easy account opening process
Access to popular financial instruments through the MT4 platform
Cons
Lack of comprehensive educational and research materials
Limited range of financial instruments
No round-the-clock customer support
Absence of top tier regulatory licensing
Is Goldwell Capital Safe or a Scam? ▲
Goldwell Capital is not a scam but a regulated entity, providing lower-risk Forex trading opportunities. As a licensed broker in Cambodia, it operates under the regulatory oversight of the Securities and Exchange Commission of Cambodia (SECC), which is committed to enforcing a robust financial regulatory framework aimed at investor protection and maintaining the integrity of the financial markets. However, it's important to note that Cambodia is not widely recognized as a leading financial jurisdiction when compared to other global financial centers.
Overall Goldwell Capital Ranking ▲
Goldwell Capital offers competitive trading conditions that appeal to both local and Southeast Asian traders. With access to popular financial instruments and the advanced MT4 trading platform, the broker facilitates effective trading experiences. Based on our extensive research and comparison with Top 12 brokers, Goldwell Capital's overall ranking stands at 3.5 out of 5.
Yes, Goldwell Capital is a legitimate and regulated brokerage firm. The SECC authority, established to regulate financial industry participants and protect investors, enforces a strict regulatory framework. Although Cambodia may not be considered a top-tier jurisdiction in comparison to other global financial hubs, the regulatory efforts by SECC to protect client funds and ensure the integrity of operations are noteworthy. Consequently, our ranked Goldwell Capital trust score is 3.45 out of 5, acknowledging its good reputation and services. Yet, the broker's single-jurisdiction authorization suggests that traders should weigh their individual trading preferences and risk tolerance when considering Goldwell Capital.
The SECC diligently works towards enhancing its regulatory scope and effectively overseeing the Forex industry within Cambodia. By implementing stringent policies aimed at safeguarding client funds, Goldwell Capital prioritizes the security of its clients' capital. These protective measures are crucial for maintaining trust and ensuring a safe trading environment for all clients.
Goldwell Capital Fees
Reviewing the broker’s fee structure, it was observed that Goldwell Capital offers versatile trading conditions which enable traders to choose contract sizes starting from 0.01 lots, equivalent to a micro account. This particular feature allows traders to adapt their trading strategies more effectively by managing their positions with greater precision.
Additionally, it's important to factor in the rollover or overnight fee, a cost or rebate that applies when positions are held for more than a day, depending on whether they are long or short.
Goldwell Capital's fees are considered to be either low or average, receiving an overall score of 3.8 out of 5 based on our comprehensive review and comparison with over 1000 other brokers.
According to our trade tests, Goldwell Capital provides competitive spreads, with an average spread of 1.8 pips for the EUR/USD currency pair in the Forex market. For precious metals, the spread for Gold is marked at 0.5 pips and for Silver, it is 0.04 pips.
Goldwell Capital's spreads receive a low ranking with an overall score of 3.8 out of 5, after our testing and comparison with a wide range of brokers. It was noted that the Forex spread is slightly above the industry average of 1.2 pips, though spreads for other instruments are considered competitive.
Leverage in trading can amplify both profits and losses, making it crucial to understand and use wisely. Goldwell Capital provides a range of leverage options, enabling traders to select the level that best suits their trading strategy and the specific instruments they are dealing with. Regulated by the SECC, Goldwell Capital offers leverage up to 1:200 for retail traders in Cambodia. This high leverage ratio is notably advantageous when compared to the securities market, where CFD trading requires only a 0.5%-2% margin due to the leverage available.
The process to fund your Goldwell Capital trading account is streamlined, with Bank Wire transfer being the primary method for both deposits and withdrawals. The funding methods at Goldwell Capital have been assessed as good, achieving an overall score of 6.5 out of 10. This evaluation considers the low fees and the variety of account-based currencies that traders can benefit from. However, the exclusive reliance on Bank Wire transfers for transactions may present some limitations for traders, depending on their personal banking arrangements and any potential fees applied by their banks for such transactions. The minimum deposit required to open a trading account with Goldwell Capital is $200, which is relatively accessible compared to the industry standard of $500.
When withdrawing funds, Goldwell Capital does not impose any fees on the transactions. Nevertheless, it is advisable for traders to consult with their banks or payment providers to ascertain any fees that might be applied to Bank Wire transfers, as these can vary between different countries and institutions.
Traders at Goldwell Capital are provided with access to the MetaTrader4 platform, a leading choice among trading platforms known for its robust charting capabilities and adaptability to various trading styles. The MT4 platform supports a wide array of powerful tools and add-ons, making it suitable for a diverse range of trading strategies. Available across multiple devices including PC, iOS, and mobile, the platform ensures that traders can stay connected and informed under all conditions. Goldwell Capital's platform offering is rated highly, with an 8.5 out of 10 score, reflecting its popularity and suitability for different trading approaches. However, the lack of alternative trading platforms may be seen as a drawback for some traders.
Goldwell Capital stands out as a regulated broker providing competitive trading conditions within its jurisdiction. Offering popular trading instruments and access to the advanced MT4 platform, Goldwell Capital caters to a wide audience, from beginners to experienced traders. While the broker has built a degree of trust locally, potential clients should carefully consider its regulatory status and how it aligns with their trading needs and preferences.
In conclusion, Goldwell Capital is particularly recommended for:
Cambodian traders
Users of the MT4 trading platform
Currency trading enthusiasts
Beginner traders
Advanced traders
Traders from Southeast Asia seeking NDD execution
Those in search of competitive pricing
Traders looking for good trading tools
Enthusiasts of EA/Auto trading
