What is GOLDWELL CAPITAL？

GOLDWELL CAPITAL is a global brokerage firm based in Australia and also operated in Cambodia. It provides traders with access to market instruments including Forex, Precious Metals, CFDs. It is currently under ASIC (Australia Securities & Investment Commission) regulation with license no. 001304943 and exceeds SERC (Securities and Exchange Regulator of Cambodia) with license no. 009.

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.

Pros & Cons

GOLDWELL CAPITAL Alternative Brokers

There are many alternative brokers to GOLDWELL CAPITAL depending on the specific needs and preferences of the trader. Some popular options include:

• FxPrimus -With a strong commitment to safety and a wide range of trading tools, FxPrimus is an excellent choice for traders seeking a secure and feature-rich forex trading experience.

• ThinkMarkets - ThinkMarkets stands out for its competitive spreads and versatile trading platforms, making it a solid option for traders looking for cost-effective and accessible trading solutions.

• Windsor Brokers - Windsor Brokers' long-standing presence in the market, coupled with its educational resources, makes it a trusted partner for traders seeking to enhance their trading skills and knowledge.

Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.

Is GOLDWELL CAPITAL Safe or Scam？

When considering the safety of a brokerage like GOLDWELL CAPITAL or any other platform, it's important to conduct thorough research and consider various factors. Here are some steps you can take to assess the credibility and safety of a brokerage:

• Regulatory sight: It currently under ASIC (Australia Securities & Investment Commission) regulation with license no. 001304943 and exceeds SERC (Securities and Exchange Regulator of Cambodia) with license no. 009. The regulation status makes it appears reliable, but it is important to note that experience alone does not guarantee the legitimacy or security of a brokerage.

• User feedback: Read reviews and feedback from other clients to get an understanding of their experiences with the company. Look for reviews on reputable websites and forums.

• Security measures: GOLDWELL CAPITAL bolsters security by implementing a comprehensive privacy policy, elucidating the meticulous handling and protection of users' personal data.

Ultimately, the decision of whether or not to trade with GOLDWELL CAPITAL is a personal one. You should weigh the risks and benefits carefully before making a decision.

Market Instruments

GOLDWELL CAPITAL offers a robust trading platform that encompasses a wide array of market instruments, providing traders with diverse opportunities.

In the realm of Forex, traders can participate in the dynamic foreign exchange market, engaging in currency pair trading and capitalizing on exchange rate fluctuations.

Precious Metals such as gold and silver are also available, offering a safe-haven asset class for those seeking to diversify their portfolios and hedge against economic uncertainties.

Furthermore, the inclusion of Contracts for Difference (CFDs) allows traders to speculate on the price movements of various assets, including stocks, indices, commodities, and cryptocurrencies, without owning the underlying asset.

Trading Platforms

GOLDWELL CAPITAL provides traders with the highly regarded MetaTrader 4 (MT4) platform, available on a range of devices, including Windows as well as Android, Mac OS, iOS mobile devices and web terminal. MT4 is known for its user-friendly interface, advanced charting tools, technical analysis capabilities, and automated trading features through expert advisors (EAs).

This multi-platform accessibility empowers traders to access their accounts and execute trades seamlessly from their preferred devices, whether they are at home, in the office, or on the go.

Overall, GOLDWELL CAPITAL trading platforms are well-designed, user-friendly, and offer a range of advanced features suitable for both beginner and experienced traders

See the trading platform comparison table below:

Trading Tools

GOLDWELL CAPITAL prioritizes equipping its traders with essential tools for informed decision-making. Two such invaluable resources include the Economic Calendar and Daily Market Analysis.

The Economic Calendar keeps traders abreast of key economic events, announcements, and data releases that could significantly influence financial markets.

Simultaneously, the Daily Market Analysis provides insightful commentary, forecasts, and market trends, helping traders stay ahead of market developments.

These tools empower traders to make well-informed decisions, adapt to market dynamics, and strategize effectively.

Deposits & Withdrawals

GOLDWELL CAPITAL simplifies the funding process by offering Bank Transfer as a secure and global option.

Clients initiate transfers at their local banks, and upon receipt of transfer references, GOLDWELL promptly deposits the funds into their trading accounts. This efficient approach ensures clients can capitalize on investment opportunities without delay.

Withdrawals are equally accessible through the online service center, with same-day processing for requests before noon on working days, and next working day processing for others.

Customer Service

GOLDWELL CAPITAL provides multiple customer service options to assist its clients. Customers can reach out to GOLDWELL CAPITAL through various channels to address their queries and concerns as below:

Phone: 23-888-778

Email：enquiry@goldwellcap.com.kh.

Address: No. 158, Street 215, Sangkat Vealvong,Khan 7Makara, Phnom Penh, Cambodia.

#300 64 Moore St, Liverpool NSW 2170, Australia.

Moreover, traders can access real-time assistance through live chat, submit inquiries via a convenient “Contact Us” form, or engage with the broker through social media platforms such as Facebook.

Conclusion

According to available information, GOLDWELL CAPITAL is a ASIC-regulated Australia-based brokerage firm who also operates in Cambodia and exceeds SERC regulation. While the firm offers a range of market instruments such as Forex, Precious Metals, energies and CFDs to traders, it is important to consider certain factors such as lack of regulations that may raise concerns. It is critical that potential clients exercise caution, conduct thorough research and seek up-to-date information directly from GOLDWELL CAPITAL before making any investment decisions.

Frequently Asked Questions (FAQs)

Risk Warning

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 provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

ZFX Information

Zeal Group of Companies, often referred to collectively as the Zeal Group, is a conglomerate of fintech corporations and regulated financial institutions that trade under the name ZFX. The group specializes in providing liquidity solutions for various types of assets in regulated markets and is backed by exclusive technology. Furthermore, the Zeal Group operates globally, combining with their multi-asset specializations and regulatory frameworks, solidifies their position as a competitive player in the financial industry.

Pros & Cons

ZFX is a broker that offers several advantages and disadvantages to traders.

On the positive side, ZFX is a regulated broker, providing traders with demo accounts option, which is beneficial for beginner traders who want to practice their trading strategies before trading with real money. In addition, ZFX offers competitive trading conditions and low minimum deposit requirement through the popular MetaTrader4 trading platform.

On the negative side, no MT5 platform and no Islamic account option for Muslim traders. And ZFX doesn't reveal any info on deposits and withdrawals. Additionally, the broker does not provide services for residents of certain countries such as the United States of America, Brazil, Canada, Egypt, Iran, North Korea (Democratic People's Republic of Korea), and EU countries.

Is ZFX Legit?

ZFX is a regulated broker. Its company name is Zeal Capital Market (UK) Limited, and it is authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom under the registration No. 768451. The FCA is one of the most reputable regulatory bodies in the world, and its strict regulations ensure that ZFX adheres to high standards of transparency and fairness.

ZFX's other entity, Zeal Capital Market (Seychelles) Limited, is authorized and offshore regulated by the Seychelles Financial Services Authority (FSA) under regulatory license number: SD027.

Additionally, ZFX ensures the safety of its clients' funds by keeping them fully segregated in a designated client bank account. This means that the clients' funds are kept separate from ZFX's operating funds. In the event that the company faces financial difficulties or becomes insolvent, the funds in these client accounts cannot be used to meet the liabilities of the company. This measure provides an added layer of security for ZFX clients, ensuring their capital cannot be used for any other purposes aside from their trading activities.

Market Instruments

ZFX provides a comprehensive range of market instruments, catering to diverse trading preferences and strategies. This includes major asset classes such as forex, where traders can engage in currency trading across major, minor, and exotic pairs. For those interested in the stock market, ZFX offers the ability to trade stocks from leading global companies, allowing traders to tap into corporate performance and stock market trends.

Additionally, ZFX includes indices trading, which aggregates the performance of a number of stocks representing a segment of the stock market, providing a broader market exposure. Commodities are also available, offering opportunities to trade in essential goods such as oil and gold, which are often used as hedge investments against inflation or currency devaluation.

Furthermore, ZFX has embraced the growing interest in digital currencies by including cryptocurrencies in their offerings, thus allowing traders to speculate on the highly volatile crypto markets. Overall, ZFX's diverse selection of trading instruments ensures that traders have ample opportunities to diversify their portfolios and explore various market dynamics.

Account Types

Apart from demo accounts, ZFX offers three types of trading accounts, namely Mini Trading, Standard Trading, and ECN Trading accounts. Each account has its own unique features and advantages, catering to different levels of traders with varying trading styles and preferences.

• Mini Trading Account: The Mini Trading account is designed for beginner traders who are new to the forex market. It requires a minimum deposit of $50 and offers the minimum FX spreads starting from 1.5 pips. The leverage is up to 1:2000, and the minimum trading size is 0.1 lots.
• Standard Trading Account: The Standard Trading account is designed for experienced traders who require a more comprehensive trading environment. It requires a minimum deposit of $200 and offers floating spreads starting from 1.3 pips. The leverage is up to 1:500, and the minimum trading size is 0.01 lots.
• ECN Trading Account: The ECN Trading account is designed for professional traders who require direct access to liquidity providers. It requires a minimum deposit of $1,000 and offers spreads starting from 0.2 pips (commission may apply). The leverage is up to 1:500, and the minimum trading size is 0.01 lots.

How to Open an Account?

Opening an account with ZFX is a simple and straightforward process that can be completed in just a few steps.

• First, navigate to the ZFX website and click on the “Open an Account”or 'Start Trading Now' button.

• You will then be prompted to fill out a registration form with your personal information, including your country of residence, name, surname, phone number, email address, password, and referral code (optional). Confirm that you have read 'Terms & Conditions' and then click the 'Register' button.

• Next, you will need to choose the account type that best suits your needs, whether it be a Mini Trading, Standard Trading, or ECN Trading account. Each account type has its own minimum deposit requirement, so be sure to check the details carefully before making your selection.
• Once you have completed the registration form and selected your account type, you will need to provide some additional documentation to verify your identity and address. This typically includes a copy of your passport or national ID card, as well as a recent utility bill or bank statement. Once your account has been approved, you will be able to fund it and start trading in the financial markets.

Leverage

The maximum leverage offered by ZFX is up to 1:2000 and the leverage amount may vary depending on the account type and trading instrument. Additionally, ZFX operates on a tiered margin system, where the leverage is determined based on account equity. For accounts with equity between $0 and $3,000, the maximum leverage is 1:2000. For equity between $3,001 and $10,000, the maximum leverage is 1:1000. More detailed info on leverage can be found in the screenshot below:

Spreads & Commissions

ZFX says it offers competitive spreads and commissions on its trading instruments.

For the Mini Trading account, the minimum spread for forex pairs is 1.5 pips. The Standard Trading account has a minimum spread of 1.3 pips for forex pairs. The ECN Trading account has a minimum spread of 0.2 pips for forex pairs. However, no specific info on commissions is revealed openly.

Trading Platforms

ZFX offers the popular trading platform MetaTrader 4 (MT4), which is widely recognized in the forex industry for its user-friendly interface and advanced trading tools. MT4 provides access to various order types, technical analysis tools, and customization options, making it suitable for both novice and experienced traders. In addition, ZFX offers mobile versions of the MT4 platform for both iOS and Android devices, enabling traders to access the markets from anywhere, at any time.

ZFX also provides a mobile application for its clients, ensuring they can trade on the go. This ZFX Mobile App offers access to all the major features of the trading platform and enables clients to manage their portfolio, place trades, and monitor the markets from their mobile device.

The mobile app can be a valuable tool for traders who need the flexibility to trade anywhere and anytime, while still having access to key functionalities of the platform. Before using the app, make sure it is downloaded from an official source like the App Store or Google Play to ensure security and authenticity.

Copy Trading

ZFX offers a Copy Trade feature, which is great news for both beginner and busy traders. Copy trading, also known as social trading, allows traders to automatically copy the trades of experienced and successful traders. This can help beginners to learn trading strategies from experienced traders, and help busy traders to automate their trading. By using the Copy Trade feature, you can potentially increase your chances of making profitable trades.

Education

ZFX is committed to providing an extensive educational framework to support both novice and experienced traders through their A-to-Z Academy, which offers comprehensive learning resources designed to master trading from the basics to advanced strategies. This initiative underscores ZFX's dedication to empowering its clients with the knowledge needed to navigate the financial markets confidently.

Additionally, ZFX enhances trader support with a 24/7 Help Center, serving as a constant trading support hub where traders can obtain assistance at any time.

The platform also features a detailed Glossary, which acts as a valuable dictionary for demystifying complex trading terminology, making the trading language more accessible to everyone.

Moreover, their FAQ section addresses common queries related to trading mechanics, account management, funding procedures, withdrawals, and specific product details.

Collectively, these educational resources equip ZFX traders with a solid foundation of knowledge and continuous support, facilitating a well-rounded and informed trading experience.

Customer Support

ZFX provides robust customer support with extensive availability and multiple communication channels to ensure that traders can receive assistance whenever needed. Operating hours extend throughout the week, with round-the-clock support from Monday to Friday and extended hours over the weekend from 07:30 AM to 02:00 AM the next day, accommodating traders across different time zones.

Traders can reach out via online chat for immediate responses, use the contact form for less urgent inquiries, or call directly through the phone number 400-8424-611 for personalized assistance. Additionally, ZFX can be contacted through email at cs@zfx.com for comprehensive support.

The broker also maintains a strong presence on several social media platforms including Facebook, Instagram, LinkedIn, and Twitter. This multi-faceted approach ensures that ZFX's clients receive timely and effective support, enhancing their trading experience.

Conclusion

Overall, ZFX is a reputable option for traders looking to access the financial markets. The broker's maximum trading leverage of 1:2000, based on account equity, is one of the highest in the industry and can provide traders with significant opportunities for profit. Additionally, competitive spreads and a choice of popular MT4 trading platforms further strengthen ZFX's position as a reliable broker.

Frequently Asked Questions (FAQs)