Goldwell Capital Review (2023)

What is Goldwell Capital?

Goldwell Capital is a brokerage firm established in Cambodia, also respectively registered and regulated by local laws. The broker offers derivatives trading including Forex, Commodity, Precious Metals and CFD trading through thousands of markets all delivered with lower trading costs.

Even though, Goldwell Capital operates only since 2018 it gained already some trust within the local population and industry as well. Eventually, Cambodia is a growing jurisdiction that shows significant interest in the Forex industry in recent years.

While Goldwell Capital takes necessary steps towards stable and reliable commitment to provide clients trustworthy trading conditions together with the Cambodian government. The broker mainstays at the NDD execution model and acquits quotes from top global banks and financial institutions with an automated execution process.

Goldwell Capital Pros and Cons

Goldwell Capital is a reliable broker with easy account opening and quality trading technology, spreads are average and there is good research and platform.

From the Cons, there is no good education and support service not available 24/7.

Is Goldwell Capital safe or a scam

No, Goldwell Capital is not a scam but a regulated broker with lower risk Forex trading.

Goldwell Capital being a Cambodian Forex broker is also regulated by the Cambodian government within the framework of a financial regulatory system through established regulator Exchange Commission of Cambodia SECC.

SECC authority was specifically created with the purpose to regulate financial industry participants and protect investors under necessary rules. This set of obligations covers an essential part as security of client capital and follows strict policies towards monitoring of actions, as well as protection at every level.

However, we should mention that Cambodia is not a reputable jurisdiction if compared with other industry-known and leading financial participants globally.

Yet, it does the necessary job in its strive to grow its influence, as well as regulate Forex industry within the country legislation framework, as a matter of client protection and its financial system. Here you can learn more Why trade with ASIC brokers, just as a matter of example why regulated brokers are safe and offshore ones are not.

Leverage

Leveraged trading provides the possibility of bigger profit, yet increases risks as well so you should always learn deeply how to use tools smartly. Eventually, Goldwell Capital offers flexible leverage so you may choose the most suitable level for the instrument or another.

Also, being a Cambodia broker Goldwell still may offer high leverage ratios up to 1:200 available for retail traders. Also, compared with the securities market, CFD only requires a 0.5%-2% margin thanks to leverage.

Account types

There is no diverse between account types, you may choose either Demo account for your practice purposes or sign for a Live one.

Fees

Goldwell Capital proposes flexible trading conditions while you may choose trading contract size starting from 0.01 lots, which is a micro account allowing to manage position according to your strategy.

And of course, always consider rollover or overnight fee as a cost, which is defined as a fee or refund depending on long or short positions you held longer than a day.

Spread

Goldwell Capital spread, we see that the broker offers quite pleasant trading conditions. While trading spreads for EUR/USD and USD/JPY can be as low as 1.8 pips, Gold spreads U.S.$0.5 and silver.S.$0.04. You may see also the fees of another popular broker FBS.

What Deposit and Withdrawal Methods does Goldwell Capital use?

So in order to deposit money into your Goldwell Capital trading account, you may use only Bank Wire transfer as a deposit method. Even though it looks like limited variety, yet Bank Wire is the safest, most convenient and most efficient method to make money transfers.

Goldwell Capital minimum deposit

Goldwell Capital does not mention the minimum deposit requirement necessary for the account opening. Therefore, we may assume there is no specified amount that is necessary to start trading, yet you should always check the margin requirement for the instrument you will trade. Also, better to verify with customer service as different conditions may apply.

Goldwell Capital  minimum deposit vs other brokers

Goldwell Capital withdrawal fee

Goldwell Capital does not mention its own charges for both deposits and withdrawals respectively. However, since the only available option for transfers is Bank Wire you should also check with your payment provider or bank institution itself in terms of any fees. As various countries of origin apply different international policies and fee policies toward clients.

Trading Platforms

Goldwell Capital with its strive to propose a reliable trading service and efficient condition not surprisingly chooses to a mainstay on the market leader MetaTrader4 as trading software. MT4 is not only known for its powerful charts features and general capabilities to suit any trading style, but it also offers some of the best trading models with powerful tools and add-ons.

You may access the platform via any device PC, iOS, or Mobiles so you will stay connected and updated under any conditions or circumstances.

MT4 is very much loved by both beginning traders that value its customer-friendly design along with thousands of courses and learning materials available online. Also by the professionals and its ability to connect custom-designed algorithms, and comprehensive features and make the most of the platform’s capabilities. Lastly, the platform allows connectivity through Expert Advisors, famous MT4 robots that execute orders according to the set algorithm, which is available either for custom specification or choice between available ones.

Customer Support

In addition, Goldwell Capital supports its traders with great customer service also with numerous tools helping within the trading process. These include market updates and news, economic calendars as well as other essential details or information which you will use on a daily basis.

Conclusion

Concluding Goldwell Capital Review we see the broker which is regulated in its country of origin Cambodia and offers quite competitive conditions within its jurisdiction. What we do like is that even despite a fact that Cambodia is not a world financial center providing numerous trading opportunities, therefore is not world known authority to regulate Forex. Yet, Goldwell Capital complies with all the necessary local laws, thus considered a safe trading opportunity.