GoldendeerFx

Golden Deer Fx Information

Golden Deer Fx is a brokerage company registered in St Lucia while physically operates in Dubai, UAE. It offers trading services in more than 1000 financial instruments, including forex, stocks, commodities, futures, bonds, and cryptocurrencies.

The broker provides a demo account for practicing before actual trading and 3 tiered live accounts for different client groups. To protect customer funds, Golden Deer Fx implements segregated accounts to separate client assets from operational funds.

Furthermore, the broker does not charge trading commissions, which considerably reduces trading costs for customers.

However, the broker is not being well-regulated by any official authorities so far, which degrades its credibility and trustworthiness.

Pros and Cons

Is Golden Deer Fx Legit?

The most important factor in measuring the safety of a brokerage platform is whether it is formally regulated. Golden Deer Fx is an unregulated broker, which means that the safety of users' funds and trading activities are not effectively protected. Investors should choose Golden Deer Fx with caution.

What Can I Trade on Golden Deer Fx?

Golden Deer Fx offers 1,000+ trading instruments:

Account Type & Fees

To start with Golden Deer Fx, you are suggested to start with a free demo account with virtual money to practice and get familiar with the platform first.

After gaining enough experience and confidence, you can go one step further to open a live account. It's suggested you go with the Standard account with a minimum deposit of $100 first.

Then beining more professional, you can try higher accounts wiht more initial investments.

Leverage

Golden Deer Fx offers leverage up to 1:400 for all account types. It's always wise to be cautious with leverage since it's a double-edged sword which signifies your profits as well as losses at the same level.

Trading Platform

Golden Deer Fx offers the most popular and well-recognized MetaTrader 5 platform, which has user-friendly interface, robust analysis tools and most updated market updates to allow traders to make data-driven decisions.

Traders can access the platform via web, Windows, and both iOS and Android phones, withi no limitation for devices.

Deposit and Withdrawal

For deposits, the broker allows for local bank transfers, debit/credit cards, Bitcoin, Tether, Perfect Money and wire transfers. Each with different minimum amount requirements and processing time between 1 hour to 5 days. Deposits are free with this broker.

However, for withdrawals, only Bitcoin and Tether are accepted. You need to withdraw at least USD100, and processing time will be 24 hours.