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Influence index NO.1
Influence index NO.1
+852 2276 8888
(852) 2276 8888
Slips for 120 pips which is 12 dollars. Who can bear such trading environment?
Do not allow you to close position due to lag, and the network is disconnected maliciously, causing me to lose tens of thousands of dollars
The withdrawal is too slow, the scam company, the app is super difficult to use, and the customer service has to ask questions repeatedly as soon as they withdrawn. Trash fraud platform
The delay of open and close a position is too serious for Acetop. Every stime I enter the market, I have to wait for a long time and miss the best timing. Every time the slippage can be greater than 1 USD, which is worse than the spread. The most ridiculous thing is the double standard, which there will be a slippage if it is good for platform and there will be no slippage if it is good for customer. Well, that's the trick.
I had a serious loss at igold and then the platform cancel my trading account.
After the money was withdrawn, the bank card was frozen and the funds were transferred away by the police. The customer service was perfunctory.
On April 25, 2022, the deposit was made, and on the 26th, it said that it has not yet arrived! That is, there is no return to the account, and not the transaction account. Is the funds lost?
The deposit to igold has not arrived for a long time. After urging many times, they send a message to inform that your deposit has not arrived, we will transfer the funds to your account first. When you lose money, nothing will happen. If you make a profit, you will repeatedly refuse to say that the previous deposit has not arrived and will not be withdrawn! The deposit will be credited until you run out of money! This is underrating the customers' IQ! Their scam is exposed, the typical fraud platform, hedging!
A total of 5,012 yuan was withdrawn, of which 3,535 yuan was frozen and deducted.
It was said that they can deposit and withdraw anytime. Then, they told that my amount is too small so it is very slow. Do they want to deceive me to deposit more?
Trash leading. There are orders every day. On the night of the May 2nd, it is about to lose again. Screw you. If you follow this platform, you will only lose money. I have lost on this platform.
Every time I enter the market, there is a slipage of 0.2~0.3 between the click transaction and the final transaction price, such as shorting 2010.9, clicking short, and the delay after clicking will cause the transaction price to become 2010.6. If it is a stop loss, you can stop the loss to the highest point or the lowest point every time. It's not due to network delay. For the same market, accounts opened on other platforms can be entered normally. It is difficult to make a profit when trading one lot in this way, with the spread plus slippage.
This platform does not only has serious slippage, but also threaten me to cancel may account.
Igold closed the order in advance before the time, the slippage was serious, the maximum stop loss slippage was 7 US dollars, the customer service said it was normal,
The company has not obtained domestic regulatory qualifications. It illegally misled and defrauded users of their principal through Baidu and advertisements, and launders money through illegal channels. My account 13281783882 was forcibly restricted after the complaint and I asked to return the principal of 23,460 yuan!
Under the temptation of Igold to induce more deposit and more bonuses, the platform suffered a serious slippage loss of more than 15,000 US dollars, which is equivalent to more than 100,000 yuan. I gave feedback to the customer service department with my real name and said that the backstage should not add some secrets, but I was cancelled. account! Please stay away from such platforms that cancel accounts at will. Before you start to make no profits, you call almost every day to urge more deposits to have more preferential activities. If customers lose serious losses, they should find reasons to cancel their accounts. This is a crop of financial shuffle
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
|igold Review Summary in 10 Points|
|Registered Country/Region||Hong Kong|
|Market Instruments||99 Gold, HKD Kilo Gold, Loco London Gold/Silver and RMB Kilobar Gold|
|EUR/USD Spread||$0.5/ounce for Loco London Gold, $0.03/ounce for Loco London Silver|
|Customer Support||Phone, email|
igold is headquartered in Hong Kong and is a regulated e-trading member of the Chinese Gold and Silver Exchange (CGSEC, No.145), holding the highest-grade type AA Marketing Trading License and Certificate of Accredited Refineries for 999.9 Gold. The broker can legally operate electronic trading of 99 Gold, HKD Kilo Gold, Loco London Gold/Silver and RMB Kilobar Gold, and offers trading through the MetaTrader 4 platform.
In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.
igold has some advantages such as being regulated by CGSE, offering the popular MT4 platform, low spreads, and commission-free precious metals trading.
However, there are some concerns about the broker's reputation due to negative client reviews regarding severe slippage and withdrawal issues. It is important for traders to carefully consider these factors before choosing to trade with igold.
|• Regulated by CGSE||• Severe slippage and withdrawal issues reported|
|• Supports MT4||• Limited trading instruments compared to others|
|• Demo accounts available||• Limited deposit and withdrawal options|
|• Free account opening||• Lack of transparency in fee structure|
|• High leverage of 1:200||• Overnight fees charged|
|• Low spreads for precious metals trading|
|• Commission-free trading|
|• Low minimum deposit requirement of $50|
Note: This table is based on the information provided and may not include all possible pros and cons of igold.
There are many alternative brokers to igold depending on the specific needs and preferences of the trader. Some popular options include:
JustForex - a popular online forex and CFD broker that offers a wide range of trading instruments, including forex, cryptocurrencies, and metals, with competitive spreads and commissions, but its customer service can be inconsistent.
LiteForex - a global forex and CFD broker that provides access to various trading instruments, including forex, metals, and cryptocurrencies, with competitive spreads and a user-friendly trading platform.
NordFX - a forex and CFD broker that offers access to a wide range of trading instruments, including forex, metals, and cryptocurrencies, with competitive spreads and commissions, but its customer service can be slow and unresponsive at times.
Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.
The Chinese Gold & Silver Exchange Society (CGSE) is a recognized and reputable regulatory authority in the precious metals industry, which adds a level of credibility to igold's operations. Additionally, the broker has been in operation for several years.
However, negative client reviews regarding severe slippage and withdrawal issues suggest that there may be some concerns with the broker's services. It is important to thoroughly research and consider all available information before deciding to trade with any broker, including igold.
igolds business scope ranges from e-trading of Loco London Gold/Silver to transaction and minting of 99 Gold, HKD Kilo Gold and Renminbi Kilobar Gold.
igold offers two different types of trading accounts for investors: General Investor Accounts and Advanced Investor Accounts. The minimum amount for deposit to start trading is $50, whileno maximum amount limitation.
igold also offers a free $200,000 demo account. Using a free demo account is a great way to practice online trading at live market conditions, without risking any money.
The initial margin is fixed for each lot LLG/LLS is $1000. The leverage is 1:50 for both Loco London Gold and Loco London Silver in the General Investor accounts, 1:200 for 0-100 lots of Loco London Gold, 1:100 for 100-200 lots, 1:50 for over 200 more lots in the Premium Investor Accounts. The leverage for Loco London Silver is 1:120 for trading 0-20 lots, 1:60 for trading 20.01 to 40 lots, and 1:30 for trading over 40 lots.
Standard spread for Loco London Gold is $0.5/ounce while it is $0.03/ounce for Loco London Silver. The spread is variable and may vary due to drastic fluctuations in the market. Clients could trade with a minimum contract size of 0.01 lot and the spread rebate is up to $26 per lot. There is no commission charged.
Below is a comparison table about spreads and commissions charged by different brokers:
|igold||$0.5/ounce (Loco London Gold)||$0|
|JustForex||0.0-1.1 pips||$5 per lot|
|NordFX||0.0-2.0 pips||$10 per lot for Fix account, $20 per lot for Pro account|
Note: Spreads can vary depending on market conditions and volatility.
igold provides traders with the market-leading and popular MT4 trading platform, as well as MT4 Mobile to meet a wide range of trading needs.
MT4 is widely used by traders around the world. The MT4 platform provides a user-friendly interface and advanced charting tools for technical analysis. Traders can customize their charts and use various technical indicators and drawing tools to analyze price movements and identify trading opportunities. In addition, MT4 allows traders to automate their trading strategies using Expert Advisors (EAs), which are essentially algorithms that can enter and exit trades based on pre-defined rules.
The MT4 mobile app also allows traders to access their accounts and trade on the go, providing a convenient option for those who need to manage their trades while away from their computer.
See the trading platform comparison table below:
|igold||MT4 and MT4 Mobile|
|JustForex||MetaTrader 4, MetaTrader 5, WebTrader|
|LiteForex||MetaTrader 4, MetaTrader 5, WebTrader|
|NordFX||MetaTrader 4, MetaTrader 5, MetaTrader Mobile|
The LLG/LLS Can be traded 24 hours a day on the international market and the market will only be closed during weekends and international holidays. The trading time in this company is:
Daylight Saving Time (GMT +8): 6:30 am Monday to Saturday 3.30 am
Winter Time (GMT +8) : 6:30 am Monday to Saturday 4:00 am
There is very little information on deposits and withdrawals on igolds website. It seems that it only supports Wire transfer.
The minimum amount for deposit to start trading is $50. The minimum trading volume for each order is 0.05 lot. Therefore, the minimum amount for deposit for the trading is $50 (0.05 X $1000). It is suitable for common investors.
Igold minimum deposit vs other brokers
Deposits by wire transfer can take several business days, depending on your bank. Withdrawal requests will be processed in the next working day. When the fund is credited to your bank account depends on the bank processing.
Apart from spreads, igold charges an overnight interest fee. Fees for deposits and withdrawals are not revealed openly on the website. Once a position (bid or ask) is opened and held overnight (03:29 a.m. GMT+8), an overnight interest will be charged. The overnight interest rate of a buy position (Long) is -1.75% while the overnight interest rate of a sell position (Short) is -0.15%.
See the fee comparison table below:
|Broker||Deposit Fee||Withdrawal Fee|
If clients have any inquiries, they can get in touch with igold through the following contact channels:
Telephone: (852)2276 8862 (English), (852) 2276 8888 (HK);
FAQ section is also available.
|• Phone & email support available||• No 24/7 customer support|
|• Knowledgeable and helpful customer support||• Limited language options for customer support|
|• FAQ support||• No live chat support|
|• No social media support available|
|• Long response times during peak periods|
Note: These pros and cons are subjective and may vary depending on the individual's experience with igold's customer service.
On our website, you can see that some users have reported severe slippage and unable to withdraw. Please be aware and exercise caution when investing. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.
On the whole, igold is a regulated precious metals broker that offers a low minimum deposit requirement, tight spreads, and commission-free trading. The availability of the popular trading platform MT4, and a high leverage of 1:200 may also be attractive to some traders.
However, there are concerns raised by some clients about severe slippage and withdrawal issues, which could be a cause for caution. Overall, traders should carefully consider these factors and conduct their due diligence before deciding to trade with igold.
|Q 1:||Is igold regulated？|
|A 1:||Yes. It is regulated by The Chinese Gold & Silver Exchange Society (CGSE).|
|Q 2:||Does igold offer demo accounts？|
|A 2:||Yes. It offers a free $200,000 demo account.|
|Q 3:||How much is the initial margin requirement for trading LLG/LLS？|
|A 3:||The initial margin requirement for trading LLG/LLS is $1,000.|
|Q 4:||Does igold offer the industry-standard MT4 & MT5？|
|A 4:||Yes. It supports MT4.|
|Q 5:||What is the minimum deposit for igold？|
|A 5:||The minimum amount to trade with igold is $50.|
|Q 6:||How much is the overnight interest rate？|
|A 6:||The overnight interest rate of a buy position (Long) is -1.75% while the overnight interest rate of a sell position (short) is -0.15%.|
|Q 7:||Is igold a good broker for beginners？|
|A 7:||Yes. It is a good choice for beginners because it is regulated well and offers precious metals with competitive trading conditions on the leading MT4 platform. Also, it offers demo accounts that allow traders to practice trading without risking any real money.|
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