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Golden Markets
Rating: Rated with 4.5 stars
Binary Option Programs Award
Min. Deposit
Min. Investment
Regulated Broker

Golden Markets Broker Review

  1. Established in July 2017, Golden Markets is a non-regulated Forex and Cryptocurrency broker owned by Cool Markets Ltd. Golden Markets offers a high-tech, platform with a diverse range of financial instruments for global crypto trading, as well as currency trading and multi-asset investment. Golden Markets is available in English and Russian, with 24/7 support from personal account managers.

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    Golden Markets Live Trading Accounts

    Customers can choose from three account types at Golden Markets, with varying deposit requirements and each with a different benefits package. Notably all traders have an open line to an account manager irrespective of account type and receive the latest market reviews from Golden Markets.

    Golden Markets Bonus Rewards

    Customers may be offered a deposit bonus when they make their first deposit to their Golden Markets trading account. Subsequently, traders may receive the offer of ‘broker bonuses’ at the time of increased volatility in markets, aimed at enhancing investment opportunities. We saw that VIP account holders may be offered ‘No deposit’ bonuses or rebate bonuses, determined by the monthly trading volume of the broker. Importantly, traders are not obliged to accept the bonus offers but once accepted, they are irreversible. Before accepting, traders are requested to read and accept the terms and conditions, which usually require customers to execute a trading volume equal to 30X the bonus and deposit. Notably, the turnover requirements must be completed before clients can withdraw money from their trading accounts or they incur substantial penalty and handling fees.

    Golden Markets Standard Account Features

    • Minimum initial deposit $10,000
    • Provision of Trading strategies
    • Video courses for beginners
    • Webinars twice a month
    • Weekly personal trading sessions
    • Money management plan


    Golden Markets Silver Account Features

    • Minimum initial deposit $25,000
    • Fixed and variable ‘Silver’ spreads
    • Trading strategy suggestions
    • Video courses for beginners
    • Video courses for experienced traders
    • Webinars twice a month
    • Weekly personal trading session
    • Money management plan
    • Trading alerts
    • Detailed event analysis
    • Personal sessions with an analyst
    • Educational program created by an analyst
    • Faster withdrawals


    Golden Markets Gold Account Features

    • Minimum initial deposit $50,000
    • Personalised trading strategies
    • Fixed and variable ‘Gold’ spreads
    • Video courses for beginners
    • Video courses for advanced traders
    • Daily personal trading session
    • Weekly webinars
    • Personal financial advisor
    • Detailed event analysis
    • Private introductory session with an analyst
    • Personal sessions with an analyst
    • Fast withdrawals
    • Invitations to VIP events
    • Special events

    Tip: Consider IQ Option instead – the best regulated broker for South African traders with a minimum deposit of only $10!

    Golden Markets Demo Account

    Traders at Golden Markets are encouraged to open a live Demo account and practice crypto and Forex trading in a risk-free environment before risking real money.

    Golden Markets Trading Software and Assets

    The Golden Markets trading platform, is designed to meet the requirements of ‘traders and investors of all backgrounds, to learn explore and advance in’. The premium platform designed for crypto and Forex trading is web-based, and instantly accessible from all internet connected devices, without software download.

    Golden Markets provides commission-free trading in major currency pairs and minor crosses as well as a broad range of cryptocurrency CFDs including Dash, Bitcoin, Ripple Bitcoin Cash, Monero, Golem and ZCash. Golden Markets also offers CFD trading in stocks, indices and commodities.

    At the time of writing this review we saw that spreads were quite wide with the EUR/USD at approximately 3 pips and for BTC/USD at $40. Moreover, leverage ratios are not disclosed in the trading account details but indicated on the trading platform with each asset. Leverage is money provided by Golden Markets to its customers so that they can execute trades with more capital than they have in their trading accounts, thereby maximizing profits potentially.

    The technologically advanced software offers smooth access to global financial markets with outstanding execution on long and short trades. Traders who believe that the value of underlying assets will most likely decrease can take ‘short’ positions, looking to sell fast and invest in new positions at a lower rate. Alternatively, traders who believe that prices are likely to rise over the long term, can take long positions, hoping to sell at a higher price later on, for a profit.

    Golden Markets Customer Support

    Customers can access the customer support team, 24/7 over live chat on the interface, email and by phone to a German or UK phone number. By filling in the contact form and submitting it to Golden Markets, customers can request a free call back at a convenient time. Golden Markets claims to have a FAQs page, a feature we find especially useful, but we could not access it without opening a trading account. We were impressed to see that traders have an open line to an account manager and receive video courses and personal trading sessions free of charge, giving them excellent support through the Education centre.

    Golden Markets Payment Methods

    Customers at Golden Markets can fund their crypto trading account using Visa, Maestro and Mastercard credit/debit cards, paysafecard, bank wire transfer or with the Neteller electronic payment method.

    Traders can deposit in any currency to their trading accounts, but the money is converted by Golden Markets to GBP, USD or EUR, the base currencies used to trade at Golden Markets. Withdrawal requests take up to 5 days to process and must be a minimum of $50.

    We saw that Golden Markets operates a zero-tolerance fraud policy and takes advanced security measures to keep customers’ accounts secure. Importantly clients must make colour copies of a valid passport, utility bill with customer’s name and address, purchase history of online transactions at Golden Markets and a copy front and back of credit cards used to fund the crypto trading account (blocking the CVV security code and all but the last 4 digits of the card number before making the copy). The documents must be submitted to Golden Markets by email before withdrawal requests can be processed.

    Golden Markets is an unregulated broker, owned by Cool Markets Ltd, Narva Mnt 5, Tallinn City, Harju County 10117, Estonia with registration number 14306180. However, the terms and conditions agreed to by clients who register with Golden Markets, are governed by the legislation of the United Kingdom.

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