Key TakeawaysCompany DetailsPopular Alternatives To Golden Capital FXAvaTradeMoneta MarketsVantageTrading PlatformHow To Place A TradeAssets & MarketsSpreads & FeesGolden Capital FX LeverageMobile App ReviewDeposits & WithdrawalsDemo AccountBonuses & PromotionsGolden Capital FX RegulationAdditional FeaturesAccount TypesHow To Open An AccountCustomer SupportSecurity & SafetyGolden Capital FX VerdictAccepted CountriesCompare Golden Capital FXGolden Capital FX Comparison TableCompare Trading InstrumentsGolden Capital FX vs Other BrokersFAQIs Golden Capital FX A Scam?Is Golden Capital FX Legit?Can I Trade Options With Golden Capital FX?Is Golden Capital FX Halal?Does Golden Capital FX Have A Mobile App?Does Golden Capital FX Have A WebTrader?Is Golden Capital FX A Good Broker?
Golden Capital FX (GCFX) is an offshore forex and CFD broker. Registered in St. Vincent and the Grenadines, the mission of the brand is to become one of the best financial brokerages in Latin America with 240+ instruments and 1:500 leverage.
This Golden Capital FX review will cover the different account types and assets available, spreads and fees, safety and security, plus trading platforms and apps. Find out if Golden Capital FX is worth trading with.
Key Takeaways
Golden Capital FX offers a narrow range of instruments with limited regulatory oversight
User complaints also suggest issues withdrawing profits
Company Details
Golden Capital FX was established in 2016 by founder and director, Ms Daniella Lucia Cervantes Alvarez. The brokerage is headquartered in Peru.
Currently regulated by Saint Vincent & The Grenadines Financial Services Authority, GCFX offers a simple approach to trading for global customers. Day traders can take positions on stock indices, forex, metals and energies on the MT4 platform.
Golden Capital FX provides competitive execution speeds through its STP trading model. With low latency, clients have direct access to the market with no dealing-desk intervention.
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Trading Platform
Like many forex brokers, Golden Capital FX offers MetaTrader 4. The platform can be accessed directly through the Golden Capital FX client dashboard, with no download requirement.
MT4 is suitable for both beginners and experienced traders. The interface is easy-to-use with simple navigation features including a self-explanatory menu and new order screen.
MT4 has 30+ in-built indicators and its own coding language (MQL4), which allows users to create trading bots and algorithms (Expert Advisors feature). The terminal also has three execution modes, eight order types, market news, trading signals, and can run an unlimited number of charts.
MetaTrader 4
How To Place A Trade
Click ‘New Order’ in the toolbar menu (or press F9)
In the new window, enter the order information;
Symbol – select the asset you wish to trade
Volume – add the volume to trade (in lots)
Stop-loss level – optional function to close a trade
Take-profit level – optional function to close a trade
Comment – optional function to insert a trade note/reference
Order type – market execution (instant) or pending order (at a later date/time)
Select ‘Buy’ or ‘Sell’
Assets & Markets
Golden Capital FX has over 240 instruments spanning indices, currencies and commodities. However, it’s worth pointing out that this is a fairly limited offering versus competitors. There are no cryptocurrency opportunities or direct trading in stocks.
Indices – 12 indices including S&P500, AUS200 and UK100
Forex – 45 major and minor currency pairs, including EUR/GBP, GBP/JPY, and USD/CAD
Commodities – Two precious metals and two energies; Gold, Silver, US Crude Oil and UK Brent Crude Oil
Spreads & Fees
Spreads at Golden Capital FX are only competitive with the Premium and VIP accounts. The Standard profile has fairly high trading fees.
The EUR/USD currency pair is offered at 1.5 pips on the Standard Account, 1.2 pips on the Premium account, and 1 pip on the VIP account. Cross-currency pairs such as the EUR/CHF and GBP/CAD range from 1.1 pips on the Standard account to 0.5 pips on the VIP account.
Global indices range from 3 pips to 1 pip (Standard and VIP profiles) and oil trading has a minimum spread of 0.3 pips for all account types.
Forex Spreads
Golden Capital FX Leverage
GCFX offers substantial leverage up to 1:500, depending on the asset.
Offshore brokers are not restricted in terms of the leverage they can offer. Still, clients should take a sensible approach to risk management.
Mobile App Review
MetaTrader 4 is available as a mobile app. Day traders can access all order types, view full trading history, and review market news on mobile and tablet devices. The app supports 9 timeframes, 24 analytical objects, and trading signals.
Note, MT4 is not currently available to download from the Apple App Store.
Deposits & Withdrawals
The minimum deposit requirement is $100 for the Standard account.
Golden Capital FX accepts deposits and withdrawals via credit/debit card, bank wire transfer, and Skrill. Deposits can also be made with Bitcoin (BTC) and Tether (USDT), which is an advantage over alternative trading firms.
Deposits and withdrawals can take up to 24 hours to be processed. Third-party charges such as intermediary bank costs may be applicable.
Importantly, customer reviews of GCFX complain about not being able to withdraw their funds, out-of-service customer support lines, and accounts not closing. Some users had to reach out to external bodies for assistance with withdrawing their funds which is a red flag.
Demo Account
Golden Capital FX offers an MT4 demo account to new and existing customers. The practice profile offers flexible leverage and $50,000 in virtual funds.
Basic details must be provided to register; full name, email address, and phone number. Login details will be provided to the listed email address.
Demo accounts are perfect for testing the broker’s services and trading platform before committing and using real funds to trade.
Bonuses & Promotions
There are regular promotions available to new and existing Golden Capital FX clients. The main incentive is the $2 cashback rebate promo.
However, when our experts reviewed the terms and conditions, there is limited information on the accessibility requirements and eligibility.
Golden Capital FX Regulation
Golden Capital FX is regulated offshore by the Saint Vincent & The Grenadines Financial Services Authority (SVGFSA), license number 23172 IBC.
The regulatory body has relaxed joining requirements vs top-tier financial authorities, such as the UK Financial Conduct Authority (FCA). There is no negative balance protection available, for example, which is provided as standard by many reputable brokers. Having said that, Golden Capital FX does keep segregated client funds in tier-1 banks and follows anti-money laundering protocols.
Additional Features
When we used Golden Capital FX, our traders found some basic educational content and trading tools. This includes online webinars and in-person seminars covering industry tips and news. Unfortunately though, the quality and depth of materials are limited vs competitors.
The broker also houses an economic calendar on its website.
Economic Calendar
Account Types
Golden Capital FX offers three accounts; Standard, Premium, and VIP. The main difference between the accounts is the pricing structures (outlined above) and minimum deposit requirements.
Standard – $100 minimum deposit
Premium – $5000 minimum deposit
VIP – $50,000 minimum deposit
How To Open An Account
To register with Golden Capital FX, follow the ‘Visit’ button above and select the ‘Open Live Account’ icon on the broker’s homepage.
Complete the basic information to access the client portal. From here you can choose a trading account and deposit funds.
Customer Support
Customer support is available via an online contact form, phone number, and email address. Live chat and WhatsApp is also available.
Phone number – (+51) 511 748 2277
Email address – support@goldencapitalfx.com
However, we did not receive a response while testing Golden Capital FX’s support channels.
Security & Safety
Golden Capital FX protects deposit information and personal details with SSL certification. High standards of data privacy are also adhered to.
Additionally, MT4 is a secure platform, with data encryption and secure login features such as one-time passwords and two-factor authentication.
Golden Capital FX Verdict
Golden Capital FX offers 240+ instruments on the popular MT4 platform with dedicated account managers and a $100 minimum starting deposit. However, the lack of stock and crypto trading and complaints about user withdrawals do raise concerns. As a result, we would recommend using brokers with better ratings listed below.
Accepted Countries
Golden Capital FX accepts traders from Australia, Thailand, Canada, United States, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.
Compare Golden Capital FX
Compare Golden Capital FX with similar brokers that accept traders from your location. Among available brokers these are the most similar to Golden Capital FX:
FXCC – FXCC is a trustworthy trading broker regulated by the CySEC. The brokerage offers ECN trade executions, leverage up to 1:500 and $0 commissions.
Anzo Capital – Anzo Capital is a competitive forex and CFD broker with ECN and STP accounts. Clients can trade through MT4 and MT5. New traders can get started with a $100 deposit and a welcome bonus.
VT Markets – VT Markets is a multi-asset broker with ultra-fast trade executions, spreads from 0.0 pips, 24/5 support, and user-friendly trading platforms.
FXOpen – FXOpen is a highly regulated FX and CFD broker offering multiple trading platforms and spreads from 0.0 pips.
Golden Capital FX Comparison Table
| 1.5 | 4.5 | 3.9 | 4 | 3.7 |
| Forex, Stocks, Commodities | Forex, Stocks, Commodities, Crypto | Forex, Stocks, Commodities | Forex, Stocks, Commodities | Forex, Stocks, Commodities, Crypto |
| Yes | Yes | Yes | Yes | Yes |
| $100 | $0 | $100 | $200 | $1 |
| 0.01 Lots | 0.01 lots | 0.01 lots | 0.01 lots | 0.01 Lot |
| SVGFSA | CySEC | FSC | ASIC, FSCA, SVGFSA | FCA, CySEC, ASIC |
| Cashback | 100% First Deposit Bonus Up To $2000 | Welcome Bonus Up To $500 | 50% Welcome Bonus | – |
| No | Yes | No | Yes | No |
| MT4 | MT4 | MT4, MT5 | MT4, MT5 | MT4, MT5 |
| 1:500 | 1:500 | 1:1000 | 1:500 | 1:30 – 1:500 (varies by trading entity) |
| 5 | 15 | 10 | 10 | 12 |
| – | Golden Capital FX vs FXCC | Golden Capital FX vs Anzo Capital | Golden Capital FX vs VT Markets | Golden Capital FX vs FXOpen |
| Golden Capital FX Review |
FXCC Review |
Anzo Capital Review |
VT Markets Review |
FXOpen Review |
Compare Trading Instruments
| Yes | Yes | Yes | Yes | Yes |
| Yes | Yes | Yes | Yes | Yes |
| Yes | Yes | Yes | Yes | Yes |
| Yes | Yes | Yes | Yes | Yes |
| Yes | Yes | Yes | Yes | Yes |
| Yes | Yes | No | Yes | Yes |
| No | No | No | Yes | No |
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| No | No | No | No | No |
| No | Yes | No | No | Yes |
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| No | No | No | Yes | Yes |
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| No | No | No | Yes | No |
Golden Capital FX vs Other Brokers
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FAQ
Is Golden Capital FX A Scam?
There are some reviews by customers claiming that it is difficult to withdraw funds from GCFX accounts. This paired with limited background information and weak regulatory oversight means traders may want to consider alternative brokers.
Is Golden Capital FX Legit?
Capital Golden FX has negative user reviews and opinions and does not hold a license with a top-tier financial regulator. As a result, we would recommend caution before opening a live account.
Can I Trade Options With Golden Capital FX?
Options trading is not available at Golden Capital FX. Clients can trade forex, commodities, and indices only.
Is Golden Capital FX Halal?
Golden Capital FX does not offer a halal trading account and doesn’t offer any explicitly halal stocks or indices.
Does Golden Capital FX Have A Mobile App?
No, Golden Capital FX does not have a proprietary mobile app, but MT4 is available to download to mobile devices.
Does Golden Capital FX Have A WebTrader?
Yes, GCFX customers can open the MT4 WebTrader. The browser-based terminal is available on the broker’s website.
Is Golden Capital FX A Good Broker?
Golden Capital FX is not a top-rated broker. There is a relatively short list of tradable instruments and concerns about clients receiving their profits. See our list of alternative trading firms below.