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/10

Golden Royal Index

United Kingdom United Kingdom | 5-10 years |
Questionable Regulatory License | Suspicious Operational Region | High Potential Risk

http://www.indexfx.net

Website

Rating Index

Contact

http://www.indexfx.net

license Forex License

No forex trading license found. Please be aware of the risks.

Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!
2

Basic Information

Registered Region
United Kingdom
Operating Period
5-10 years
Company Name
Golden Royal Index Financial
Company Website
Account Info
Verified Site
About Us
Wiki Q&A
Comment

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Official Website

Verified Site

  • indexfx.net
    18.188.0.12
    Server Location
    United States United States
    ICP Registration No.
    --
    Top Visitor Locations
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    Creation Date
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    Website Name
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    Company
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Company Profile

Company Profile

Review summary

General Information & Regulation

Golden Royal Index, a trading name of Golden Royal Index Financial, is allegedly an unregulated execution-only forex trading firm founded in 2010 and registered in the UK. The broker claims to provide its clients with various tradable assets with flexible leverage up to 1:200 and fixed spreads of 2 pips on the industry-standard MetaTrader4 trading platform, as well as a choice of three different account types.

Market Instruments

Golden Royal Index advertises that it mainly offers four different asset classes in financial markets, including forex, spot metals, futures and shares.

Market

Account Types

Apart from demo accounts, there are three live trading accounts offered by Golden Royal Index, namely Mini, Standard and Premium. Opening a Mini account requires the minimum initial deposit amount of $100, while the other two account types have much higher minimum initial capital requirements of $5,000 and $150,000 respectively.

Account

Leverage

From the information on its home page, Golden Royal Index mentions that the maximum leverage is 1:200. However, in another section of its official site, we found the broker offers flexible leverage and the maximum leverage ratio is 1:500. Anyway, inexperienced traders are advised not to use too much leverage since leverage magnifies gains and losses.

Leverage
Leverage

Spreads & Commissions

Golden Royal Index claims to offer fixed spreads of 2 pips and all charging no commissions.

Trading Platform Available

The platform available for trading at Golden Royal Index are Metatrader4, iPhone Trading App, iPad Trading App, Android Trading App, as well as a Webtrader. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.

Trading

Deposit & Withdrawal

Golden Royal Index works with numerous means of deposit and withdrawal choices, consisting of credit/debit cards (Visa, MasterCard), Moneybookers, Bank Transfer/Wire, broker to broker, local bank transfer (non-Australian banks) and Webmoney. The minimum initial deposit requirement is $100.

The broker states that it does not charge any internal fees for deposits or withdrawals. However, the payments to and from international banking institutions may attract transfer fees from either party. Any International Telegraphic Transfer (TT) Fees charged by the brokers banking institution are passed on to the clients. Most International TTs are approximately AUD20.

As for the processing time to fund, it varies depending on fund payments. For example, 30mins-1 hr, 24 hours / Monday-Friday on credit/debit cards, 30mins-1 hr, Monday-Friday 8 am-6 pm AEST on Moneybookers and Webmoney, 12-48 hours on Bank Transfer/Wire, 24-72 hours on the broker to broker and 2-3 days on local bank transfer (non-Australian banks). Withdrawals made by Bank Wire Transfer usually take 3-5 working days to reach the account.

Deposit
Deposit
Deposit

Customer Support

You can follow Golden Royal Index on some social media platforms such as Twitter, Facebook, YouTube and LinkedIn. Headquarters: Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St.Vincent and the Grenadines. However, this broker doesnt disclose other more direct contact information like telephone numbers or email that most brokers offer.

Company Profile

  • 5-10 years
  • Questionable Regulatory License
  • Suspicious Operational Region
  • High Potential Risk

Wiki Q&A

Is Golden Royal Index safe to trade with?

Golden Royal Index Financial operates as an unregulated entity, lacking oversight from major financial authorities, which places the responsibility for fund security and fair trading practices entirely with the firm itself. This status, combined with its low assessment score, presents a high-risk profile that warrants a severe risk warning for potential clients.

04-02
United States

Where is Golden Royal Index registered?

Golden Royal Index Financial is registered in the United Kingdom and has been operating for an estimated 5 to 10 years.

04-02
United States

Is Golden Royal Index suitable for forex trading beginners?

Trading forex and CFDs involves a high degree of complexity and market risk. Whether you choose Golden Royal Index or another trading platform, we strongly recommend that beginners thoroughly study forex basics before investing real funds. It is also highly advisable to practice with a demo account first to familiarize yourself with the platform's operations and market volatility.

04-02
United States

What essential information should I know before trading with Golden Royal Index?

Before opening a live account, it is recommended to comprehensively understand the platform's regulatory status, deposit and withdrawal policies, spread costs, and overnight fees (swaps). Additionally, you can consult WikiFX to review the broker's latest score and user feedback to help you make a more informed investment decision.

04-02
United States

What is WikiFX, and how does it help investors?

WikiFX is a third-party platform that provides forex broker information inquiry and risk alerts. This type of platform mainly integrates brokers' regulatory information, user feedback, and historical records, and conducts comprehensive evaluation through a multi-dimensional model to help investors quickly understand the broker's basic situation and potential risks. By using such tools, investors can conduct preliminary screening before choosing a broker, thereby reducing decision-making risks caused by information asymmetry.

04-02
United States

How can I identify a scam or fraudulent forex broker?

A broker can be evaluated as a potential scam platform by considering multiple factors such as regulatory qualifications, user complaints, fund security, and platform data. In general, brokers without valid regulation, those that frequently have withdrawal problems, those with a large number of user complaints, or those providing false information usually carry higher risks. You can check the broker's regulatory status, overall rating, exposure records, and user reviews on the WikiFX platform, and make judgments based on multi-dimensional data to effectively identify and avoid scam platform risks.

04-02
United States

How can I determine if a forex broker is regulated?

To determine whether a broker is regulated, the key is to verify whether it holds a valid financial license. Investors can check the license number and status through the official websites of regulatory authorities (such as Financial Conduct Authority, Australian Securities and Investments Commission) to confirm whether the license is real and under valid supervision. It should be noted that some brokers may engage in license cloning or unauthorized operations, meaning they use another company's license or provide services in regions where they are not authorized. These situations also involve risks. In addition, investors can use WikiFX to check the broker's regulatory status, historical records, and risk ratings as supporting reference, so as to evaluate its compliance more comprehensively.

04-02
United States

How is the WikiFX Score calculated?

WikiFX ratings are calculated based on a multi-dimensional data model, mainly including five dimensions: regulatory index, license index, business index, risk control index, and software index. The rating adopts a range system (0-10 points). The higher the score, the higher the broker's overall performance level. In addition, ratings are dynamically updated according to regulatory changes, complaint handling results, and historical data performance, making the rating more objective and timely. You can check the scores of each dimension and their trends on the WikiFX platform to evaluate the broker's actual situation more comprehensively.

04-02
United States

Can I recover my funds if I have been scammed by a broker?

Recovering funds after investment fraud can be difficult, but taking timely action may still help recover part of the losses. It is recommended to take the following actions immediately: keep trading records, chat records, and other evidence; contact the bank to try to stop or freeze the payment; report the case to local law enforcement agencies. In addition, investors can also use WikiFX complaint and exposure channels to increase the visibility of problematic platforms and improve the efficiency of rights protection.

04-02
United States
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