Score
Hong Kong
|
5-10 years
| https://www.gwgold.com.hk/en/home/
Website
Rating Index
MT4/5
Full License
GoodwillGold-Demo
Influence
D
Influence index NO.1
Brazil 2.45
MT4/5 Identification
Full License
Hong KongInfluence
D
Influence index NO.1
Brazil 2.45
LicensesLicensed Entity：鴻豐金業集團(香港)有限公司
License No. 050
Hong Kong
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
gwgold.com.hk Japan
VIP is not activated.
| GWGOLD Review Summary | |
| Founded | 2012-12-19 |
| Registered Country/Region | Hong Kong |
| Regulation | Regulated |
| Market Instruments | Precious Metals |
| Leverage | Up to 1:100 (London gold) |
| Spread | As low as 0.5 points |
| Trading Platform | MT4 |
| Min Deposit | No requirement |
| Customer Support | 24h Online Customer Service |
GWGOLD is represented by Goodwill Gold Group (Hong Kong) Limited and has been in operation since 2012. GWGOLD is a legitimate precious metals trading platform holding License No. 050 of the Hong Kong Gold Exchange. Relying on the MT4 trading system, it provides 24-hour uninterrupted trading services. The trading threshold of the platform is low. There is no minimum deposit requirement for opening an account. For spot gold/silver trading, you can start operating by depositing only $500, and there is no account opening fee. The platform adopts a fixed spread model, and the spread of some products is as low as 0.5 pips.
| Pros | Cons |
| Regulated | Limited to precious metals |
| Various trading products | High-risk nature (leverage) |
| Low-threshold trading (a minimum trade of 0.05 lots) | Fees uncertainty |
| Convenient deposit and withdrawal | |
| MT4 available |
GWGOLD is a legitimate trading platform. The company holds a license from the Hong Kong Gold Exchange with the license number 050, enabling it to legally conduct various precious metals trading activities.
GWGOLD offers various precious metals for trading. These include London gold (Loco London Gold), London silver (Loco London Silver), 99 Tael Gold, 999.9 Kilo Gold HKD, Renminbi Kilobar Gold, and 999.9 Five Tael Gold HKD.
GWGOLD offers a fixed spread. For example, the spread of some products can be as low as 0.5 points.
GWGOLD operates on a margin trading system for precious metals. For example, in London gold trading, for every $1 movement in the gold price, a trader with one lot can gain $100.
GWGOLD uses the MetaTrader 4 (MT4) trading platform, which is a globally renowned and widely popular trading platform. It is suitable for both novice and experienced traders. It also provides a mobile version, allowing traders to conduct transactions anytime and anywhere using their smartphones.
GWGOLD allows deposits through domestic card deposits and Hong Kong bank deposits/wire transfers. The minimum withdrawal amount is $20. If a certain proportion of the funds in the account has not been used for trading (for instance, 50% of the account balance has not been used for opening positions), a handling fee of 6% may be charged. In addition, the receiving bank may deduct administrative fees for the transfer.
Investors can submit withdrawal applications through online applications, in person at the company, or via mail/email/QQ. Withdrawals will be processed within 1 hour (when the information is correct), but applications submitted after 4 pm will be processed on the next working day.
GWGOLD's spread is fixed, and for some products, it can be as low as 0.5 points. The spread may vary depending on the precious metal being traded.
GWGOLD offers a range of precious metals for trading, including London gold, London silver, 99 Tael Gold, 999.9 Kilo Gold HKD, Renminbi Kilobar Gold, and 999.9 Five Tael Gold HKD. It does not support other asset classes like forex or cryptocurrencies.
GWGOLD is a legitimate platform as it is regulated by the Hong Kong Gold Exchange. This provides a certain level of investor protection. However, as with any leveraged trading, there are inherent risks involved, especially in the high-risk nature of precious metals trading.
GWGOLD offers a demo account for traders, which allows them to practice trading precious metals without risking real money. This is beneficial for both novice and experienced traders who want to familiarize themselves with the platform.
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恰恰640
Hong Kong
The agent commission is unpaid and they even deduct from the customer's principal. It's outrageous. Also, the Hong Kong trading field complaint department is completely useless—they're all in it together. Everyone, please refrain from using all platforms in the Hong Kong trading field—they're not regulated at all and they're all in cahoots. We've already reported this to the authorities.
Exposure
恰恰640
Hong Kong
Please everyone remember not to deal with the GWGOLD platform - Hong Kong member 050 - they say you can't close a position within 3 minutes - if you close within 3 minutes it's considered abnormal trading. They don’t allow withdrawals and will deduct profits. It's so shady.
Exposure
刘伟4669
Hong Kong
There was no response when placing an order for tens of seconds, and an order appeared suddenly. And I didn't want to trade anymore, but the platform gave no access to withdrawal on ground of abnormal trading.
Exposure
Alessandro Luca
Italy
I'm still on the fence about this broker. They haven't impressed me, but they haven't messed up either. Maybe I'll give them some more time to see if they grow on me.
Neutral
Sato Kentaro
Japan
While customer support options aren't advertised, GWGOLD's live chat feature during business hours would be a great addition. 👍👍👍
Neutral
Nguyễn Văn
Vietnam
Costs are transparent, yes, great. However, the variety of order types could be better. It's a decent platform but needs some improvements.
Neutral
FX4639908701
Hong Kong
The profitable orders haven’t been closed,while the loss ones were closed immediately.Stay away! It isn’t licensed be Hong Kong.
Exposure