How credible is this broker?
This characteristic may be evaluated by looking at the legal structure that binds the brokerage business together. I understand how traders may be hesitant to deal online, and understand the regulations that protect our trade operations may help you develop. Today’s traders treat trading as a profession rather than a pastime because they recognize how profitable it can be when done properly. This is not the same as neophytes who try their luck at the market casino every year in the hopes of winning a lottery. Traders purchase and sell financial assets based on the per capita income that may be earned if a profit is made. When it comes to price prediction and placing bids, this necessitates a particular level of competence and authority.
So, as you can see, if you want to become serious in trading, you’ll need to understand a lot more than the fundamentals. In the trading industry, being thorough, focused, and objective will go a long way. A trustworthy trading platform is another aspect that may help you succeed as a trader. The internet trade sector is thriving, particularly in terms of retail trading. These platforms allow you to remain up to date on global market news while also ensuring the security of your transactions.
The platform I’ll be evaluating is one that is clearly making noise in the industry today, and we’ll see how its service features are helping it stand out. Golden-Gate is a forex trading platform that caters to a wide range of investors. As an experienced trader, I came into this platform with a much greater understanding of how to critically evaluate it.
This was the first thing I noticed about the site since its no-commission strategy drew my interest right away. In my prior dealings with trading platforms, I’ve always discovered that there are hidden fees. However, everything was pre-determined with Golden-Gate, so I simply had to pay the entrance costs when I joined up. Later, when I decided to upgrade, I was given a decent discount for doing so.
If you are a new trader, you may rely on this since you do not want to spend too much money on commissions and fees. This means you won’t be able to invest in securities and still make a profit. I know I made a couple blunders attempting to hit big in the beginning. This arrogance will cause you to lose far more than it will help you gain. Golden-Gate has a great deal for all its 4 accounts.
This is why, when choosing an account plan, making the proper decision is critical. You may also start with the Basic account as a trial and then upgrade once you’re happy with the trading conditions. This is the method I prefer to use when evaluating trading platforms since it helps you to get a sense of what they have to offer.
Assessment of Critical Features
|Account Types||Very Good|
How is it a suitable choice for you?
Golden-Gate is ideal for traders who want premium features and fast platform execution in one package. I understand that determining whether or not a platform is a good fit for your business requires you to analyze your own needs. Suppose you’re a new trader who hasn’t yet developed a trading strategy. In that case, you may start with a Golden-Gate trial account and have access to over 200 tradable assets and a market review. This will assist you in gaining a better understanding of the market.
I’ve been trading in the worldwide market for five years, and this has allowed me to align my own criteria for determining whether or not a trading platform is worth a trial run. This is necessary since there are now too many online trading platforms available.
Confidence to trade. Golden-Gate’s transparency was refreshing, as they ensure that all of their clients and valuables are adequately protected on the platform.
What is the server’s efficiency level?
Golden-Gate offers a fantastic service that is geared to manage the market’s high traffic. This is because the program has been meticulously designed. This is critical for any trading platform you use since software flaws may cost you a lot of money. The platform that enables online trade algorithms should be stable, and this was something that Golden-Gate had in excess.
I’ve had similar platform situations where the server crashed in the middle of a transaction. It not only jeopardized the effectiveness of my trading session, but it also cost me a significant amount of money. This is something you cannot afford to overlook while investing in the worldwide market.
Although the interactive nature of the technologically complex graphics that Golden-Gate has installed on its server may appear attractive, there are instances when they refresh, delaying your ability to scroll down. Even if it is a small flaw, I wish the platform provided a way to manually alter the graphical display themes. This allows the server to focus all of its resources on the trading session.
Are tools up to date?
One of the main reasons I change my trading platforms each time is because of this. As you can see, the industry is fiercely competitive, with so many new platforms appearing every day. For trade data analysis, most of them use the same standardized tools. Still, Golden-Gate has managed to create cutting-edge smart tools for its customers.
Due to specific trade requirements, clients can now customise some of these products. Another important feature of a trading platform is the chart, which aids in the evaluation of transaction data. Golden-Gate offers a colourful chart with a variety of configurable settings. I was able to customise the chart interval, type, and indicators.
Despite the fact that the default chart type was the candlestick, I was still able to select the Line chart for my trading sessions. There are adequate instructional resources to guide newcomers through trade procedures, but there is no direct help link. So, if you have any questions, you’ll have to return to the main page to contact customer service. This may be inconvenient at times since it requires you to end your trading session.
Golden-gate’s fast order execution and competitive spreads might help you ignore some of its flaws. That is exactly what it probably comes down to: balancing the benefits and drawbacks to determine whether a platform is worth the money.
How many methods of withdrawals are present?
Because deposit and withdrawal of funds are an important part of trading, I prefer to evaluate this component across all platforms. Golden-Gate provides popular transaction alternatives such as
- Bank Wire Transfer
All of these choices have security measures in place that allow Golden-Gate to monitor the transaction efficiently. However, I did note that there was no Paypal option, which may cause some clients inconvenience.
Is this platform accessible from anywhere in the world?
Because Golden-Gate is an online forex broker, it was created to be available to anybody with an electronic device and a reliable internet connection. Customers can be from anywhere in the globe, despite the fact that there is a limited language selection option, and the server is designed for English and German. I’m hoping that the platform adds other languages to accommodate traders who are used to trading in other languages. Most European brokerage firms have a variety of language options.
Golden-Gate restricts access from some parts of the world; therefore, you won’t be able to log in if you try to access its server from one of these areas. The United States of America is one of the banned countries, which is why traders from the United States are unable to use this platform. You won’t be able to do anything about it because the standards that govern this policy are in compliance with market regulations.
How helpful is the Customer Service Department?
One thing is certain: if you’ve ever traded, you’ve almost definitely dealt with disgruntled customers. Many brokers underestimate the value of good service, which is why I like to devote one part of my research to determining whether or not I can rely on knowledgeable and attentive members.
The most important thing to remember is that Golden-Gate is always available to assist you. Of course, I put it to the test by using the Live Chat option to send a message. Within minutes, a customer service representative contacted me and answered all of my questions.
Golden-Gate offers a variety of communication methods. You can count on them to get in touch with customer service professionals. Because they have numerous years of experience in the sector, they are well-equipped to answer any questions. In terms of obtaining a rapid response, live chat was faster than the other choices. To contact the platform’s management, you can use any method. Client feedback and critical evaluations are important to Golden-Gate. As a consequence, it will be significantly easier for them to meet their needs.
Client service employees have received extensive training and have a thorough grasp of the trade business. They are expected to conform to all inquiries quickly, which is why you will not be kept waiting for the duration of the question session.
Golden-Gate is an online trading platform that will provide you with a variety of trading options. Its customer service specialists gather vital input from clients and ensure that the server’s standards are kept up to date throughout time. When I first started trading on this site, the number of cryptocurrencies available was restricted. They have, however, introduced numerous new kinds in the last year, including Ethereum and Bitcoin.
Disclaimer: This review is written from my own experience and my self-knowledge only, and this is not a recommendation.