The Golden Brokers review is designed to help you, dear readers, understand this broker’s offerings and determine whether it is a reliable partner. Of course, they claim to be a privileged and even an awarded platform. However, you shouldn’t take these statements at face value.
- Golden Brokers General Information
- Registration and Client Portal Review
- Golden Brokers Trading Conditions
- Account Types Review
- Trading Platform
- Golden Brokers — Deposit and Withdrawal of Funds
- Verification
- Additional Options
- Is Golden Brokers a Scam?
- Legal Information and License
- Goldenbrokers.my Domain Info
- Contacts Review
- More Details
- Pros and Cons
- Frequently Asked Questions (FAQ)
Golden Brokers General Information
| Website | https://goldenbrokers.my/ |
| Phone Number | +60 154-600 0374 |
| support@goldenbrokers.my | |
| Address | Tower Financial Park Complex Labuan Jalan Merdeka 87000 Labuan F.T, Malaysia |
| License | LFSA |
| Minimum Deposit | $10,000 |
| Assets | CFDs |
| Leverage | Unknown |
| Trading Platform | WebTrader |
Registration and Client Portal Review
The broker’s official website looks like an attempt to appear as a truly reliable intermediary. It has a decent design — of course, everything is styled in golden tones, matching its name. There are even multiple language options, including English, Portuguese, Thai, Arabic, and Indonesian. Quite a mix, right? It immediately gives the impression of a global broker. On the plus side, legal information and licensing details are provided. However, there’s an issue with trading conditions — they are not clearly described anywhere. Overall, the website lacks useful information. The FAQ section is quite sparse, and the menu consists of only six sections, which are not particularly content-rich.
The registration process seems very simple — you just need to fill out a short form. As usual, you have to provide your full name and contact details. However, when you reach the final fields, such as entering a promo code and agreeing to the legal documents, an unexpected disappointment arises. You suddenly receive a message that you failed the reCAPTCHA, even though there isn’t even a checkbox for it in the registration field. We’re not sure what the issue is — perhaps it’s a browser-related problem — but in the end, the registration process simply doesn’t work.
Golden Brokers Trading Conditions
If a broker claims to have won multiple awards for its services, we simply have to see what exclusive benefits it offers to its clients.
Account Types Review
Now, trading conditions might be a real issue. Here’s where we were absolutely shocked — figuratively speaking. The minimum deposit for a basic account is set at $10,000. No matter how many awards Golden Brokers may have received, this amount is simply too high for a standard starting account. Most reputable brokers offer significantly lower entry requirements, making trading more accessible to a wider audience.
And the bad news just keeps coming. The next account tiers will cost you at least $250,000 and $500,000, respectively. At this point, we have to wonder — are they selling trading accounts or luxury real estate? Maybe with the half-a-million-dollar account, they throw in a yacht as a welcome gift.
Meanwhile, the account descriptions conveniently leave out any mention of spreads, leverage, or anything actually useful for traders trying to assess the quality of the services. Instead, all the focus is on additional perks. Naturally, the higher the account tier, the more exclusive services you’re supposed to get. But there’s just one little problem — it looks like someone mixed them up. The entry-level account bizarrely offers more perks than the one that costs $250,000. Trying to make sense of this mess is an exercise in futility because, honestly, it’s pure nonsense.
Trading Platform
It’s not entirely clear which trading platform this broker actually offers. Their menu includes a MetaTrader 5 tutorial, which is great — if that’s indeed the platform clients are supposed to use. However, there’s also a link to their own Golden Brokers app, and that’s where things get tricky. The app has so few downloads on the App Store that it doesn’t even have a rating yet. The same goes for Google Play. There’s no information on whether this software is licensed, independently tested, or vetted in any way. After all, simply being available in app stores doesn’t guarantee security. The broker should really clarify its platform options, but at least there’s a demo account available.
Golden Brokers — Deposit and Withdrawal of Funds
When it comes to deposits and withdrawals, everything is as clear as mud. Nowhere on the site are the funding and withdrawal conditions explicitly detailed. The only hint comes from the footer, where a few payment system logos are displayed — mainly bank cards and an obscure service called Payop. How long do transactions take to process? No clue. How quickly are withdrawal requests handled? Even the FAQ doesn’t say that. Are there any fees? What are the minimum amounts? It’s all a mystery.
And that’s a major red flag — transparent financial policies are a basic expectation from any reputable broker. If a company refuses to disclose such critical details, it’s often a sign that hidden fees, delays, or other unpleasant surprises await clients.
Verification
Verification is mandatory with this broker. To open a live trading account, you must provide both proof of identity and proof of residence.
For identity verification, acceptable documents include a government-issued ID card, driver’s license, or an international passport. To confirm your residence, you’ll need to submit a recent bank statement or a utility bill for services like water, electricity, gas, or telephone. Only after completing this verification process will you gain access to financial transactions, including deposits and withdrawals.
Additional Options
Direct access to our trading experts, personal relationship manager, exclusive event invitations — VIP services that Golden Brokers tempts you with. But honestly, why on earth does a trader need a PR manager? Are we supposed to hire someone just to help us look busy while we trade? Maybe they’ll send personalized ‘you’re doing great!’ emails to boost morale between trades. It’s certainly an interesting take on how to add “value” to an already overcrowded market.
Direct access to “trading experts”? Sounds like a VIP service to get advice on how to lose your money faster. And as for those exclusive events… What? Are we trading or getting ready for corporate parties? Are we supposed to be networking with other traders or practicing our dance moves for the next big “VIP” soiree? And for a whopping $500K?
Maybe the true value is in the fancy champagne and free hors d’oeuvres — because, clearly, that’s where the real trading happens.
Is Golden Brokers a Scam?
Now, let’s take a look at the whole licensing and security situation. Is this organization safe? Are they holding your money in the right way?
Legal Information and License
The broker claims to hold a Labuan license — an entirely offshore territory within Malaysia. Let’s get real here: a Labuan license isn’t even a Malaysian license. Labuan is a special economic zone with lenient tax rules and minimal business regulations. It’s no wonder so many brokers, like Golden Brokers, flock there.
After all, the cost of the license is just $1,500 a year. But hey, they can proudly put on their website that they’re now a “fully licensed” company. Do we even need to discuss what this license is really worth when the price alone tells you everything you need to know?
Goldenbrokers.my Domain Info
As you might have noticed, this company has a fully Malaysian domain, registered in 2021. This lines up with their start date, so we can conclude that their actual operational time is only 4 years. Not exactly a long history, and strangely enough, they haven’t even managed to get enough reviews to have a decent rating on EP Markets — a red flag if you ask me.
Contacts Review
When it comes to contact information, everything seems clear: they have an email address and a phone number listed. As for the Labuan office, it’s worth noting that you can open one remotely, so it makes sense why their working hours aren’t listed. I highly doubt you’ll be paying a personal visit any time soon.
More Details
As for more details, the broker doesn’t even mention the leverage on their site, but according to LFSA regulations, it shouldn’t exceed 1:100. That said, even that’s too much for beginners. And then we get to the ‘special offers’ like bonuses. If this broker were regulated by a legitimate European authority, such promotions for retail traders would be outright banned, because they’re a perfect example of increased risk.
Here’s the kicker — offshore jurisdictions are far more lenient with brokers, paying much less attention to trader safety and more to their own bottom line.
Pros and Cons
- The site is user-friendly and easy to navigate.
- The company is legally established.
- Licensed in offshore jurisdiction.
- Only four years in operation.
- No clear trading conditions information.
- Offering bonuses.
Well, despite the fact that this is technically a licensed broker, there are far more reliable and transparent trading partners in the industry. We wouldn’t focus on this company, as it clearly falls behind dozens of other competitors that have been around longer and hold much more trustworthy licenses.
Frequently Asked Questions (FAQ)
It offers a range of trading services including Forex, CFDs, and various asset classes.
According to their trading conditions, the minimum deposit to start trading is $10,000. It’s important to assess your own risk tolerance before deciding how much to invest.
It operates under a Labuan license, but with lax regulatory oversight, it’s crucial to be cautious. While not outright a scam, its safety and reliability are questionable compared to more regulated brokers.
Need advice
I don’t know what to do, can anyone advise me, please? Has anyone dealt with this broker before? I’ve seen mixed reviews. For example, one user reported that he was initially contacted by a person named “Kadir,” who kept pushing him to deposit money and join, offering market predictions and training. After onboarding, he was assigned a trainer called “Zaid,” but once he started trading, the trainer disappeared, only to return later asking for more money. The user ultimately lost all his investment. Now I’m really unsure whether to open an account here or not.