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Goldwell Capital Review

Goldwell Capital Review 

 

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 is a forex broker company in Cambodia.

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

Below is an in-depth review of Goldwell Capital to help you make an informed decision before opening your account or trading on their platform.

A Forex broker provides traders with access to platforms that allow them to buy and sell foreign currencies. Forex brokers are also known as retail forex brokers or currency trading brokers.

Retail currency traders in turn use these brokers to gain access to the 24-hour currency market for speculation purposes.

Goldwell Capital is a Cambodian forex broker company that is based in Phnom Penh and regulated by the Securities of Exchange Commission of Cambodia (SECC).

Goldwell Capital has been in operation since 2018, which may be the reason why there isn’t 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 jurisdiction 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.

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.

 

Awards and Recognition

In the world of forex broker companies being honored with awards from esteemed organizations or publications, count much for the company’s reputation.

Since Goldwell Capital has only been in operation since 2018, there isn’t any information available about any awards won by them yet.

 

Goldwell Capital Accounts

A forex account is a trading account held by a trader with a company like Goldwell Capital that is primarily issued with the purpose of trading currencies.

Usually, the number and type of accounts that a trader can open with a broker company differ according to the country in which the brokerage operates, the country of residence of the trader, and the regulatory authorities under whose jurisdiction it operates.

 

 

Types of Accounts and Their Features

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 actually only one other account type except for a 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 Standard account offers to the trade of forex and CFD products on the MetaTrader 4 platform and provides higher than average leverage options for those who want to use them.

The minimum deposit requirement for trading is steep though, $200 and $1 500 are required to make a trade.

Leverage of 1:200 and up may be used and spreads are from around 1.8 pips. The commission is not specified.

 

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

 

Deposits and Withdrawals

The only available deposit method for funding a Goldwell Capital account is bank transfers. The broker does not charge any fees from their side, but your bank may.

In order to deposit funds to your account, you must visit your own bank for an overseas remittance application and send Goldwell Capital your deposit receipt, name, and account number.

Withdrawals can also only be done via bank transfer and fees are usually charged by banks too. You apply to withdraw funds through the online customer service center.

A withdrawal request before noon on a business day will be processed on that same day, but requests made in the afternoon will be processed the following business day.

Different countries also may apply different international policies and fee policies towards clients.

 

Cost and Fees, Commissions and Spreads

The cost of trading depends on different factors like commissions, spreads, and margins.

The spread of a currency pair is the difference between the bid and the asking rate. A pip represents the smallest increment that an exchange rate can move. One pip is 0.01 for currency pairs with JPY as the term currency and 0.0001 for all other pairs.

Margin is the amount of money required in your account in order to open a position. Margin is calculated based on the current price of the base currency against USD, the size (volume) of the position and the leverage applied to your trading account.

Commissions are the charges imposed by an investment broker on a trader for making trades on the trader’s behalf. The level of commissions will vary between different brokers and also depends on the asset being traded and the type of service offered by the broker.

Execution-only brokers, that is a broker that does not involve in any personal investment advice and gives traders complete control over how they trade the markets, tend to have lower commissions.

While contract for differences (CFDs) trading is a form of derivative trading that enables traders to speculate on the rising or falling prices of fast-moving global financial markets, its trading on shares will incur commission.

CFD trades on other markets have no commission but do wrap a spread around the market price of a certain instrument.

Traders should expect to pay trading costs through spreads, commission fees, and overnight interest, or swap fees. Little information about applicable commission fees is available on the company website.

While Goldwell Capital trading spreads for EUR/USD and USD/JPY can be as low as 1.8 pips, Gold spreads U.S. $0.5 and silver.S.$0.04.

Spreads seem to be higher than average and traders must note that overnight interest will be charged on positions left open past a certain time. Traders should ascertain specific fees in more detail when signing up.

Goldwell Capital offers flexible trading conditions with trading contract sizes from 0.01 lots, which is a micro account allowing for the managing of positions according to your strategy.

 

Leverage

The facility that enables a trader to get a much larger exposure to the market than the amount he or she deposited to open a trade, is called leverage. Such leveraged products magnify a trader’s potential profit – but of course, also increase the potential loss.

The amount of leverage is expressed as a ratio, for instance, 50:1, 100:1, or 500:1. Assuming that a trader has $1,000 in his or her trading account and is trading ticket sizes of 500,000 USD/JPY, that leverage will equate to 500:1.

Goldwell Capital offers flexible leverage so you may choose the most suitable level for the instrument used. Leveraged trading provides the possibility of bigger profit yet increases risks as well, so you should first learn how to use it smartly.

As a Cambodian broker, Goldwell Capital may still offer high leverage ratios up to 1:200.

 

Bonuses

Forex brokers tend to lure new traders with offers of attractive deposit bonuses. This can be useful, but it is essential to discern what a proper bonus is.

Such a bonus is but a way to compensate traders for choosing a certain broker, since once the account is opened, the trader will have the same expenses as any other.

The bonus is just a reward for the trader’s choice that gives some of these expenses back to the trader, once proving himself as an active trader.

Customers should note that no deposit bonuses are a great way to help you start trading, but it often comes with ridiculous terms so that even if you do make a profit, and you have to trade such a high volume before you can do any form of withdrawal.

Goldwell Capital often offers new traders a welcome bonus and advertises exclusive rewards for VIPs. Such a Welcome Bonus usually offers a $50 reward to any new accounts with a minimum trading volume of 1 lot and where a deposit of at least 1 500 USD was made.

Once you make a withdrawal, the company removes any gifted bonus funds.

 

Trading Platforms, Software, and Its Features

The forex trading software provided by a broker company to its clients is called the platform and is used to carry out their trades.

A platform can be a multi-asset one, which means that it allows clients to not only trade forex but also other asset classes like CFDs on stocks, stock indices, precious metals, and cryptocurrencies.

The decision about which platform to choose will depend on what a client would like to trade, therefore it will be one of the criteria when choosing a broker too.

Goldwell Capital supports the popular MT4 platform, which is downloadable for PC, on mobile, or through the browser-based version, Webtrader.

MT4 is known for its powerful charts features and capabilities to suit any trading style, while offering some of the best trading models with powerful tools and add-ons.

Traders can access the platform via PC, iOS, or mobiles and can stay connected and updated under any conditions or circumstances.

MT4 is popular with both beginning and experienced traders, because of its customer-friendly design supported by thousands of courses and learning materials available online.

Its user interface is simple and provides instant execution, supports an AI trading system, includes nine timeframes, supports Expert Advisors, and more.

The platform allows connectivity through Expert Advisors, MT4 robots that execute orders according to a set algorithm, which is available either for custom specification or choice between those pre-set.

 

Markets, Products, and Instruments

Most brokers offer all or some of the following kinds of market instruments for trading:

 

Forex:

Forex trading, also called currency or FX trading, involves the currency exchange market where individuals, companies and financial institutions exchange currencies for one another at floating rates.

 

Commodities:

As with currency exchange markets, commodity markets offer different investment opportunities for traders. Investing in contract-based tradable goods is a reliable way to mitigate risk during times of inflation or economic uncertainty.

 

Indices:

Equity or stock indices are actual stock market indexes that measure the value of a specific section of a stock market. They can represent a specific set of the largest companies of a nation or they can represent a specific stock market.

 

Precious metals:

The trading of gold and other precious metals involves hard commodities that are contract-based tradable goods.

 

Energy:

The high volatility of energy prices due to political and environmental factors, supply and demand, extreme weather conditions and global economic growth is a typical feature of this product, making it another popular trading choice.

 

Cryptocurrencies:

Bitcoin (BTC) is the digital currency with the largest market capitalization and price levels since its inception in 2008. It dominates 50% of the total crypto market cap.

Litecoin (LTC) is similar to Bitcoin but differs in terms of scalability.  Litecoin is another very popular altcoin and LTCUSD is a fork of Bitcoin (BTCUSD), copied from Bitcoin’s code and with some alterations and launched a new project.

Ripple (RPL) is popular among big banks with the Ripple network a next-generation real-time gross settlement system. It allows instant cross-border fund transactions at very low costs.

Ethereum (ETH) is the second-largest cryptocurrency after Bitcoin and allows developers to create smart contracts on a platform.

Bitcoin Cash (BCH) was created by the Bitcoin hard fork in 2017 as a new version of the blockchain with different rules.

Goldwell Capital offers derivatives trading such as forex, commodity, precious metals and CFD trading.

Foreign exchange margin trading is currently the most active and liquid financial product in the world with daily global trading volume exceeding 5 trillion US dollars.

Goldwell Capital’s clients trade directly with top-tier liquidity providers for extremely competitive spread and trading execution.

The trading contract in precious metals is a simpler trading method with lower barriers as investment in physical precious metals.

Clients can invest less capital to benefit from price fluctuation opportunities. This trading can be used against inflation or in difficult economic circumstances.

The value of Contracts for Difference (CFD) is based on related assets such as global stock indices and commodities.

Clients can choose from more than 10 categories of major trading products in the United States, Europe, and the Asia-Pacific region, as well as US crude oil futures, for a diversified investment portfolio.

 

 

Safety and Regulation

One of the first things a potential trader needs to establish is whether a broker like Goldwell Capital is safe to trade with. One of the surest benchmarks to measure the safety of a brokerage is to establish which regulating authorities are watchdogs over its actions.

Goldwell Capital is regulated by the Cambodian government’s financial regulatory system, the Exchange Commission of Cambodia (SECC).

The SECC was created to regulate participants and protect investors in that it covers the security of client capital entrusted to brokers, monitor brokers’ actions, as well as offering general protection.

Goldwell Capital separates its operational capital and clients’ account funds by means of strict policies and procedures. Client accounts are monitored by a strict security system to provide inclusive protection.

 

Customer Support

Potential traders need to be assured that the broker company they chose can offer the necessary support and help whenever they may need it.

Goldwell Capital supports its traders through several tools that can assist them with the trading process. A professional customer service team provides an online service for 24 hours a day, five days per week.

The team can be contacted via LiveChat, phone calls, or email.

 

Research

Potential traders should always do as much as possible research about speculative trading before commencing to do it.

Trading with confidence and success relies heavily on knowledge and understanding of the markets, therefore research options offered by brokers form an integral part its features when choosing the right company to trade with.

Several financial analysts assist Goldwell Capital in providing clients with market analysis and research from multiple perspectives, thus helping them to establish the best trading strategy and seize the best investment opportunities timely.

They offer:

  • Daily Market Analysis
  • Company notices
  • Economic calendar
  • Market news

 

Education and Training

Before starting to trade, potential clients of Goldwell Capital should avail themselves of all possible information and trading skills needed to be successful in the world of forex and commodity trading.

If Goldwell Capital’s website itself does not provide enough means, a trader should explore other information sources and means to obtain that skills and knowledge.

The only educational proposition from this broker seems to be the ability to create and trade on a free demo account and some technical training through online workshops.

A demo account is the best way for beginners to practice but may not be enough to risk real funds on a live account.

Its workshop training with technical analysis and practical information may however boost confidence in participants and help to achieve a satisfactory result from forex trading.

 

Conclusion

Goldwell Capital is regulated in its country of origin, Cambodia, and offers competitive conditions within its jurisdiction. Goldwell Capital offers to trade on forex, CFDs, and precious metals.

The company offers high leverage options and supports the MT4 trading platform, but a website with little information makes it difficult to find out some important details, including exact commission fees and just how high leverage options go.

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 fairly safe trading company.

Goldwell Capital trading conditions are rather good and access to the MT4 platform and numerous trade instruments a plus.

 

Disclaimer

Goldwell Capital warns all potential traders that Forex and CFDs trading always carries a high level of risk and may not be suitable for all investors.

Before clients decide to trade the products offered by Goldwell Capital, they are advised to carefully contemplate their investment objectives, financial situation, needs, and level of experience before investing money they cannot afford to lose.

When traders use Goldwell Capital’s margin leveraged accounts, they should maintain a sufficient level of margin to sustain their positions, since trading Forex/CFD and Options on margin carries a high level of risk.

While Goldwell Capital usually makes all efforts to fill a trade at the price requested, trading online does not necessarily reduce risks associated with currency trading, therefore quotes and trades are usually subject to the terms and conditions of a Client Agreement.

Potential traders should first acquaint themselves with all the risks associated with trading on margin and seek advice from an independent financial advisor if they have any doubts, shows research recently done.

 

Goldwell Capital at a Glance

Broker’s Name Goldwell Capital
Headquartered Phnom Penh, Kingdom of Cambodia
Year Founded 2018
Regulating Authorities SECC
Countries not accepted for trade Hong Kong, United States
Islamic Account (Swap Free) No
Demo Account Yes
Institutional Accounts Not indicated
Managed Accounts Yes
Maximum Leverage 200:1
Minimum Deposit 200 USD
Deposit Options bank transfer
Withdrawal Options bank transfer
Platform Types MT4
OS Compatibility PC, iOS, or Mobiles
Tradable Assets Forex, CFDs, Precious metals
Customer Support Languages English, Chinese

 

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

 

FAQ’s

 

Trading Environment

 

How many instruments can I trade with Goldwell Capital?

You 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 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 is not comprehensive, more information can be obtained from the customer support service.

 

Does Goldwell Capital charge commission?

More information on commissions can be obtained from the customer support service.

 

Is Goldwell Capital regulated?

Yes, Goldwell Capital is regulated by SECC.

 

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

Goldwell Capital offers a fair trading environment for all types of traders.

 

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

5/10

 

Accounts

 

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

A demo account is offered by broker companies and funded with virtual money that enables a prospective customer 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

 

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

Not clear from the information on the company homepage.

 

Which live trading accounts does Goldwell Capital offer?

  • Demo Account
  • Live Account
  • Micro Account

 

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

USD and more

 

Deposits and Withdrawals

 

What is the minimum deposit for Goldwell Capital?

$ 200

 

How do you make a deposit and withdrawal with Goldwell Capital?

Goldwell Capital offers the following deposit and withdrawal methods:

  • Bank Transfer

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.

 

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.

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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