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Goldwell Capital Account Types

Goldwell Capital Account Types

 

Overall Rating

4.2/5

Rated #424 of 
Recommended FX Brokers

💰Minimum Deposit

USD 1

🌐 Regulators

SECC

📱 Trading Desk

Meta Trader 4

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Goldwell Capital provides only one account type e.g., a Standard account. The Standard account offers the trade of forex and CFD products on the MetaTrader 4 platform and provides higher than average leverage options for traders who prefer to use them.

 

Finding a reputable list about Goldwell Capital account types local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.

Below is an in-depth account types Review regarding this regulated Forex company, which will assist traders to make an informed decision when it comes to the various Forex trading accounts made available.

 

Overview

Goldwell Capital is a forex broker company based in Phnom Penh in Cambodia.

Goldwell Capital is regulated by the Securities of Exchange Commission of Cambodia (SECC).

Goldwell Capital has been in operation since 2018, which may be the reason there is not much information available about them. The company has however gained trust among the local industry and population already.

The Cambodian government recognized the importance of financial development, leading to many foreign investors setting up a base there.

The Cambodia authority is growing with significant interest in the Forex industry. Nestled between Laos, Vietnam, and Thailand in Southeast Asia, Cambodia has become a driving force behind the economic growth in Southeast Asia. Although Cambodia is not a world financial center with abundant trading opportunities, Goldwell Capital complies with all the necessary local laws and can be considered a safe trading company.

The company offers derivatives trading such as forex, commodity, precious metals, and CFD trading through thousands of markets and boasts that they do it against lower trading costs. Although some sources indicate that Goldwell Capital does not accept US clients, others contradict that.

Goldwell Capital offers an automated execution process, strives for stable and trustworthy trading conditions, and acquits quotes from top global banks and financial institutions.

 

Account Types

Goldwell Capital offers flexible trading conditions with trading contract sizes starting from 0.01 lots, which is in fact a Micro Account where a trader can manage position according to his strategy.

There is only one other account type except for the Demo Account for practice purposes:

The Goldwell Capital Live Account is a standard account type that saves the hassle of comparing different account types but also means less room for specialized options.

The minimum deposit required to open a live account is 200 USD. The only available deposit method for funding a Goldwell Capital account is bank transfers.

The broker does not offer the option for Muslim traders to open an Islamic or swap-free account.

 

Account Features

The Standard account offers the trade of forex and CFD products on the MetaTrader 4 platform and provides higher than average leverage options for traders who prefer to use them. The minimum deposit required for opening an account is a steep $200 though, and $1 500 is required before a trader can make a trade.

A leverage ratio of 1:200 and higher may be used and spreads start from around 1.8 pips. It is not specified whether the commission is charged.

Spreads are higher than average, and traders must keep in mind that overnight interest will be charged on positions left open past a certain time. Traders should ascertain themselves about specific fees in more detail before signing up for an account with the broker.

 

Overall Rating

4.2/5

Rated #424 of 
Recommended FX Brokers

💰Minimum Deposit

USD 1

🌐 Regulators

SECC

📱 Trading Desk

Meta Trader 4

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Demo Account

Goldwell Capital offers traders the option of opening a Demo Account which can be utilized in several ways, including, but not limited to the following:

  • A practice account for beginner traders who wish to improve their trading skills and experience in a risk-free environment using virtual funds.
  • Traders who are evaluating and comparing brokers who would like to explore Goldwell Capital’s trading conditions in a risk-free environment, and
  • Traders who wish to test their trading strategies in a mimicked live trading environment without risking their capital.

 

What is an Islamic Account?

The purpose of an Islamic Account is that it caters specifically to Muslim traders who follow Sharia law. The law prevents its followers from paying any type of interest, such as overnight fees, which is seen as wasteful or exploitive.

Overnight fees are charged should traders hold positions open for longer after the trading day has concluded and this type of account allows exemption from such fees or interest, should they hold positions open for longer.

Brokers usually offer their Islamic Accounts only to Muslim traders who follow Sharia law. Traders must, however, take note that there are certain features indicated on the Islamic account which differ vastly from the individual account such as minimum deposit, spreads, and more.

Traders who are interested in registering for an Islamic account may contact Goldwell Capital’s customer support to verify the availability and details of such an account as conditions may have changed from the time of writing.

These changes are as per the broker’s discretion and/or changes in market conditions.

 

Pros and Cons

✔️PROS ❌CONS
Also accepting clients from the United States Leaves little room for specialized trading options
Free demo or practice account available Little information available about the broker
Higher than average leverage options available to traders No Islamic Account can be opened by Muslim traders
A minimum deposit of $200 required to open an account No info about commission fees available on the website
Regulated by the Securities of Exchange Commission of Cambodia (SECC) Only been in operation since 2018
The broker supports the popular and effective MT4 platform Only offers one basic standard type of account

 

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Goldwell Capital at a Glance

Broker’s name Goldwell Capital
Headquarters Phnom Penh, Kingdom of Cambodia
Year founded 2018
Regulating authorities Securities of Exchange Commission of Cambodia (SECC)
Countries not accepted for trade Hong Kong, United States
Demo account Yes
Islamic account (swap-free) No
Institutional accounts Not indicated
Managed accounts Yes
Maximum leverage 200:1
Minimum deposit 200 USD
Deposit options Only bank transfer
Withdrawal options Only bank transfer
Platform(s) provided MT4
OS compatibility Windows for PC, Android, or iOS for mobile devices
Tradable assets offered Forex, CFDs, and Precious metals
Languages supported on the website English, Chinese
Customer support languages English, Chinese
Customer service hours Not clearly indicated on the website

 

FAQ

 

Trading Environment

 

How many instruments can I trade with Goldwell Capital?

A trader can trade several different instruments with Goldwell Capital, which include the following:

  • Forex
  • CFDs
  • Precious metals

 

Which platforms are supported by Goldwell Capital?

Goldwell Capital provides the following popular trading platforms:

  • MetaTrader4

 

Does Goldwell Capital offer leverage?

Yes, Goldwell Capital offers maximum leverage of up to 1: 200.

 

What spreads can I expect with Goldwell Capital?

Goldwell Capital offers variable spreads on its various accounts. The site does briefly mention that spreads on EURUSD can be as low as 1.8 pips. If details on the website are not comprehensive, more information can be obtained from the customer support service.

 

Does Goldwell Capital charge commission?

No, the broker does not charge commission.

 

Are there additional charges on the Islamic account?

Goldwell Capital does not offer the option of an Islamic Account. Some brokers charge extra fees on Islamic accounts – are either in wider spreads, additional commissions, or administration fees to make up for money that they lose with not charging overnight fees.

New Islamic traders should enquire about these special conditions or extra fees before joining, because it is often overlooked or not indicated on the account features pages.

 

Is Goldwell Capital regulated and by whom?

Goldwell Capital is regulated by the Securities of Exchange Commission of Cambodia (SECC).

 

Is Goldwell Capital a recommended forex trading broker for experts and beginners?

Goldwell Capital offers a good trading environment for all types of traders, from beginners to experienced and skilled ones.

 

What is the overall rating out of 10 for Goldwell Capital?

6/10.

 

Accounts

 

What is the difference between a demo and a live trading account?

A demo account as is offered by broker companies like Goldwell Capital is usually funded with virtual money.

It gives a prospective customer the opportunity to experiment with the company’s trading platforms and its features, before setting up a real account funded with the customer’s actual money.

 

Does Goldwell Capital offer a demo account?

Yes, a new trader can open a demo account to practice his skills or it can be used by skilled traders to practice new trading options.

 

Can I convert my demo account to a live trading account with Goldwell Capital?

This is not clear from the information on the company homepage.

 

Which live trading accounts does Goldwell Capital offer?

  • A Live Account
  • A Micro Account

 

Does Goldwell Capital offer an Islamic Account?

No, the broker does not provide Muslim traders the option to open an Islamic or swap-free account.

 

What are the available deposit currencies for a live trading account?

USD and more.

 

Deposits and Withdrawals

 

What is the minimum deposit required to open an account with Goldwell Capital?

$ 200.

 

How do you make a deposit and withdraw money with Goldwell Capital?

Goldwell Capital offers the following deposit and withdrawal methods:

  • Bank transfers

 

The same method as used to fund an account must usually be used to withdraw money and monies will be only refunded to accounts in the same name as the trading account.

 

Does Goldwell Capital charge withdrawal fees?

The broker does not mention its own charges for both deposits and withdrawals respectively but fees from financial institutions may be applicable.

 

How long does it take to make a withdrawal?

Withdrawals by means of certain methods may be processed within a day but depending on bank services it may take several days for the money to be available in a trader’s bank account.

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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