The Broker's Official Website - Http://www.goldenroyalindex.com/, Which Is Currently Closed.
General Information
Founded In 2010 And Headquartered In Saint Lucia, Golden Royal Index Offers Forex Pairs, Precious Metals, Futures And Stocks Trading Through The MT4 Platform With A Minimum Deposit Requirement Of 500 Dollars And Leverage Of Up To 1:500.
However, The Broker Lacks Regulation And Does Not Provide Services To Residents Of Certain Countries, Such As The United States, Canada, Israel And The Islamic Republic Of Iran.
Is Golden Royal Index Legal?
Golden Royal Index Is Completely Unregulated By Any Legal Authority. When Visiting Its Website, We Even Received A Warning Calling It An Unsafe Website And Prohibiting Us From Accessing It. This Clearly Indicates That The Broker May Be A Scammer With The Potential To Defraud Your Assets.
Market Tools
Golden Royal Index Offers Trading Instruments In More Than 120 Currency Pairs, Including Major Currency Pairs, Minor Currency Pairs And Foreign Exchange, As Well As Spot Metal Contracts For Difference (CFD) Denominated In USD And EUR. Gold (XAU) And Silver (XAG). In Addition, It Also Offers Trading In Futures And Stocks.
Account Types
Golden Royal Index Offers Three Real Account Types. Micro Accounts Have A Minimum Deposit Amount Of 100 Dollars, Allowing You To Test Trading Strategies And Seize Market Opportunities With Low Risk. Standard And Premium Accounts Have A Minimum Deposit Amount Of 500 Dollars And $15,000, Respectively.
Additionally, The MT4 Platform Offers Free Demo Accounts For You To Hone Your Trading Skills In A Risk-free Environment.
Leverage
Golden Royal Index Offers Leverage Up To 1:500, Which Is Considered High Leverage In Many Countries And Is Often Limited. In Addition, Golden Royal Index Lacks Regulatory Oversight, So With Such High-risk Leverage, It Is Best Not To Trade With This Entity.
Spreads
Golden Royal Index Offers EUR/USD Spreads As Low As 0 Pips, Making It Competitive Within The Industry. However, Despite Its Competitive Spreads, It Is Best Not To Trade With An Unregulated Broker Like Golden Royal Index Due To Risk Considerations.
Trading Platform
Golden Royal Index Offers The MT4 Trading Platform, Which Can Be Used For IPhone, IPad, Android, And Web. However, It Remains Uncertain Whether This Unregulated Broker Has Obtained The Necessary Trading Permits Or Authorisations For The MT4 Platform.
Deposits And Withdrawals
Methods: Golden Royal Index Supports A Number Of Deposit And Withdrawal Methods, Including Bank Telegraphic Transfer, Credit/debit Card, Moneybookers, Bank Transfer/telegraphic Transfer, Local Bank Transfer (non-Australian Banks) And Webmoney.
Fees: Golden Royal Index Claims That There Are No Fees For Deposits Or Withdrawals. However, The Fees For International Telegraphic Transfers Will Be Borne By The Client. The Fees For International Telegraphic Transfers Are Typically Around AUD 20.
Processing Time: Withdrawal Via Bank Telegraphic Transfer Usually Takes 3-5 Working Days To Reach Your Account.
Customer Support
Online Chat
Physical Address: 1st Floor, Sotby Building, Rodney Village, Gros-Islet, Saint Lucia
