On-line since: About the company: Goldland Capital Group, founded in 2013, offers more than 20 currency pairs, precious metals, commodities, and indices trading on the MT4 platform. About the company. Security of funds The broker claims to have an office in Australia. We could not find the regulator’s license on the GCG website, so we contacted the ASIC, the only financial regulator on the continent. We found out that the broker’s license belongs to Trademax Capital Pty Limited. We suppose that Goldland Capital Group Pty Ltd acts as an authorized representative. The ASIC checks if companies are engaged in fraud. The Commission tracks all financial transactions conducted on the continent. If brokers violate rules, the ASIC has the right to bring unscrupulous brokers to justice. Experts estimate the regulator’s security level as “medium”. However, licensing requirements become stricter every year, and many European companies seek approval of the ASIC to prove the transparency of their activities to investors. Trading conditions Apparently, Goldland Capital Group (GCG) provides only one trading account. The broker also does not specify its trading conditions, and therefore we had to test its demo platform. Minimum deposit A minimum initial deposit is $250. This is not the highest deposit; however, many brokers, licensed by reputable regulators, offer trading from $1. Spreads and commissions GCG provides commission-free trading with variable spreads; however, the average spread on EUR/USD is 3 pips which is twice more than most brokers provide for this pair. Leverage GCG clients can use the leverage of up to 1:00 which is a quite high figure. Trading platforms The broker offers the widely used MetaTrader 4 (MT4) platform, available for desktop and mobile versions. The platform is known for its great charting package, customizable tools of technical analysis, back-testing, and Expert Advisors (EAs). Even though MetaQuotes, its developer, has released a new software version, MetaTrader 5, MT4 remains the most popular Forex trading platform. Special services The broker has a training section on the website; Nevertheless, the information provided by the broker is limited. All basic concepts and processes are explained in three sentences. Support service Clients can contact the support service via email and phone (+61 2 8368388). Payment options We found no information about deposit/withdrawal options supported by GCG. However, we suppose it allows at least bank wire transfers and debit/credit card payments. Feedback Traders complain about the withdrawal of funds and bad feedback. The support service doesn’t answer questions in time. Sometimes it completely ignores them. Besides, depositing large amounts of money is problematic. It is also suspicious that the broker does not specify its trading conditions. We have a lot of questions to this broker. First of all, we advise you to examine the Goldland Capital Group rating on our website before investing money. Advantages:
Disadvantages:
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I would recommend Goldland Capital Group to the expert, and the novice trader. They offers very low spreads, their execution is instant and their mobile platform is also excellent. Besides this, have big bonuses and I can withdraw at anytime. Excellent client support, and they always ready to help me!
I trade with Goldland capital group, Last week after a $1500 deposit I only get $450 profit. Though usually profit could reach almost 45% of the existing deposit. They give the reason for the change in spreads due to increased dollar value. The spreads are floating from 2.5 pips and I think they are just playing with traders. I will stop trading on this broker temporarily until they fixed the value of certain spreads. And I think the company needs some improvement. The customer supports need to have a proper training. There are some restricted rules that makes me confused.
My order just disappeared, and my account was stopped out 5 seconds after my order was created with -100%, not even close to +10% stop out level they claimed. Impossible to open a short position, unless you have sufficient trading balance. The spreads are very unstable and not even enough for the amount of money I earned. They're not considerate. If they could lower their minimum requirement I would try my luck here. That’s what I get from this broker.
Goldland Capital Group could have been an amazing broker if only their trading fees are lower. I have been trading for a month at this broker already and their spread is just to high. It is no longer fair to the traders.
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