Gildencrest Capital

Overview of Gildencrest Capital

Gildencrest Capital, founded approximately 10-15 years ago, is based in the United Kingdom. The company is regulated and offers a wide range of trading assets, including Forex, CFDs, Commodities, and Indices.

Traders can access MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, along with mobile options for Android and iOS. Gildencrest provides multiple account types, such as Starter, Premium, ECN, Pro, Corporate, and Demo. Minimum deposits start at $100, with leverage up to 500:1 for professional clients.

Spreads and commissions vary across account types, with spreads starting from 0.6 pips.

Regulatory Status

Gildencrest Capital is regulated by the Financial Conduct Authority (FCA) in the United Kingdom, holding a Straight Through Processing (STP) license under License No. 564741.

This regulatory status ensures that Gildencrest Capital adheres to strict financial standards, providing transparency, security, and fair trading practices for its clients.

Pros and Cons

Pros

• Wide Range of Instruments: Gildencrest Capital offers a wide selection of trading instruments including Forex, CFDs, Commodities, and Indices. This broad range allows traders to access various markets and take advantage of different trading opportunities.
• Access to MetaTrader Platforms (MT4 and MT5): The platform supports both MetaTrader 4 and MetaTrader 5, providing users with advanced charting tools, customizable charts, and the ability to use Expert Advisors (EAs) for automated trading.
• Multiple Account Types Available: Gildencrest provides several account options, including Starter, Premium, ECN, Pro, Corporate, and Demo accounts. This variety allows traders to select an account that best suits their trading needs and experience levels.
• Competitive Leverage: For professional clients, Gildencrest offers leverage up to 500:1. This high leverage can amplify potential returns on trades, although it also increases risk.
• Variouseducational Resources: The platform includes educational tools such as a glossary, economic calendar, and calculator. These resources help traders stay informed and make better trading decisions.
• Regulated: Gildencrest Capital is regulated, which can provide traders with a level of security and trust in the platform's operations and adherence to regulatory standards.

Cons

• High Spreads for Some Accounts: For Starter accounts, spreads can be relatively high. For example, the spread for EURGBP is $33, which can impact trading costs and profitability.
• Potential Bank Fees for Deposits Under $100: Deposits less than $100 incur bank fees, which could affect the total amount available for trading.
• Variable Costs: Spreads and commissions vary across different account types. This variability can lead to higher trading costs depending on the selected account and instrument.

Market Instruments

Gildencrest Capital offers a range of trading assets, providing various options for traders.

CFD Trading: This allows trading on the price movements of various financial instruments without owning the underlying assets. CFDs cover a broad spectrum of markets, offering flexibility to traders in speculating on price changes across different sectors.

Forex: The Forex market operates 24 hours a day from Sunday evening to Friday night, providing access to over 60 FX pairs.

Commodities: The platform provides trading options for key commodities such as gold, silver, and crude oil. This allows traders to speculate on the price fluctuations of these essential resources, benefiting from their volatility.

Indices: Gildencrest Capital includes various global indices in its trading offerings. This allows traders to gain exposure to the performance of major stock market indices, reflecting the overall market movements of different regions.

Account Types

The Gildencrest Capital offered provide a range of options tailored to different trading needs and user preferences.

Starter Account: This account type allows trading of all symbols except micro symbols. It is suitable for users who are beginning their trading journey or prefer a simplified approach. With zero commission and access to 82 trading instruments, it offers a basic yet functional trading experience. Available in USD, EUR, GBP, and PLN, it supports trading on Meta 4 with mobile accessibility across Android, iPhone, and iPad. Swaps are available, which is a standard feature for users looking for typical trading conditions.

Premium Account: Designed for more active traders, the Premium account provides access to all trading symbols and a broader selection of 147 instruments. This type is appropriate for those seeking a more comprehensive trading experience with zero commission.

ECN Account: The ECN account mirrors the Starter account in terms of the trading symbols allowed but provides enhanced trading conditions. This account is geared towards traders who prioritize direct market access and faster execution.

Pro Account: The Pro account is tailored for experienced individual traders who seek a more sophisticated trading environment. It offers access to all symbols and an extensive selection of 147 instruments with zero commission. Traders using this account benefit from market execution, variable spreads, and the ability to trade in multiple base currencies, including USD, EUR, GBP, and PLN.

Corporate Account: This account type is designed for institutional or corporate traders requiring access to all symbols and a wide range of 147 trading instruments.

Demo Account: The Demo account allows users to experience the trading platform with virtual funds. It provides access to all symbols and trading instruments, mirroring the Premium account in terms of features. This account is ideal for new users who wish to familiarize themselves with the trading environment before committing real funds.

How to Open an Account？

To open an account with Gildencrest Capital, follow these four steps:

1. Visit the Website: Go to the Gildencrest Capital official website. Look for the “Open Account” or “Sign Up” button, typically located on the homepage or in the navigation menu.

1. Complete the Application Form: Fill out the online application form with your personal details, including your name, contact information, and financial background. Ensure that you provide accurate and up-to-date information as required.
2. Submit Verification Documents: Provide necessary identification documents to verify your identity and address. This usually includes a government-issued ID (such as a passport or drivers license) and a recent utility bill or bank statement. Upload these documents through the secure portal provided on the website.
3. Fund Your Account: Once your application is approved, log in to your account and make an initial deposit using one of the accepted payment methods. Follow the instructions provided to complete the funding process.

Leverage

Gildencrest Capital offers maximum leverage up to 30:1 for retail clients and up to 500:1 for professional clients.

Spreads &Commissions

Gildencrest Capital offers variable spreads and zero commissions across its account types, with differing costs per round lot for each account type.

For Starter Accounts, the average cost per round lot ranges from $20 for EUR/USD to $33 for EUR/GBP. The spreads are market variable, and the accounts do not charge commissions. This account type is suitable for traders who are looking to minimize upfront costs but are willing to accept higher trading costs per lot due to wider spreads.

Premium Accounts offer reduced average costs per round lot compared to Starter Accounts. For example, EUR/USD costs approximately $6 per round lot, and EUR/GBP costs $15. These accounts also have variable spreads and no commissions. Premium Accounts are suited for traders who engage in frequent trading and seek lower trading costs to maximize their trading efficiency.

ECN Accounts feature a different fee structure, with commissions of USD 7 per lot or equivalent, in addition to variable spreads. The average cost per round lot for EUR/USD is around $13, whereas EUR/GBP costs $17. ECN Accounts are designed for traders who require tighter spreads and are comfortable with paying a commission for the benefit of lower trading costs per round lot.

Trading Platform

Gildencrest Capital utilizes MetaTrader 4 (MT4) and MetaTrader 5 (MT5) as its primary trading platforms, offering a range of features for both manual and automated trading strategies.

MetaTrader Web: Available for both MT4 and MT5, these platforms are widely recognized for their competitive functionality. They support automated trading through Expert Advisors (EAs), which can be customized and tested with back-testing tools. Users can customize their trading interface with drag-and-drop charts and utilize over 40 technical indicators. The platforms also allow for adding drawings and annotations to charts, and support multiple languages, including 26 European and Asian options. They provide various order types, including Stop, Limit, Take Profit, and Trailing Stop Orders, facilitating both basic and advanced trading needs. The leverage available ranges from up to 30:1 for retail clients to 500:1 for professional clients, depending on the product and client classification.

Android Trader: This mobile version supports trading on devices running the Android operating system. It provides access to real-time quotes, trade performance, and live market news. Users can also manage trades, view historical trade data, and utilize charting tools. Both MT4 and MT5 versions are available, and demo accounts can be accessed for practice.

iPhone and iPad Trader: Similar to the Android Trader, this mobile application allows trading on iOS devices. It includes real-time market quotes, trading functionality, and access to market news and historical trade data.

Deposit & Withdrawal

Gildencrest Capital supports various payment methods for deposits and withdrawals, including bank transfers, credit cards, debit cards, and e-wallets. Accepted currencies for all methods include USD, EUR, GBP, and PLN.

The minimum deposit for all payment methods is $100, €100, £100, or PLN 100. There is no maximum deposit limit imposed by Gildencrest, although some payment service providers (PSPs) can have their own limits.

Deposits via bank transfer, credit card, debit card, and e-wallet incur no fees from Gildencrest. However, deposits under $100 incur bank commission fees, which are the client's responsibility. Withdrawals also do not incur fees from Gildencrest, but credit and debit card withdrawals can take 2 to 5 business days, while e-wallet withdrawals are processed within 1 to 3 business days.

Customer Support

Gildencrest Capital offers customer support via email and phone. For the UK office, you can reach them at +44 (0)203 048 4764 or email customersupport@gildencrest.co.uk. Their office is located at Studio 11, 7th Floor, One Canada Square, Canary Wharf, London, E14 5AA.

For the DIFC branch, contact +971 4 401 9666 or email customersupport@gildencrest.ae. The DIFC branch is situated at GV-00-04-03-BC-30-0 Gate Village 4, DIFC, Dubai, UAE. Note that this branch does not accept retail clients.

Educational Resources

Gildencrest Capital provides several educational resources to support traders.

Their Glossary offers definitions of key trading terms, helping users understand market jargon.

The Economic Calendar displays important economic events and data releases, allowing traders to stay informed about factors that can impact the markets.

The Calculator tool assists in performing various trading calculations, such as margin and profit/loss estimates.

Conclusion

Gildencrest Capital offers a broad array of trading assets, including Forex, CFDs, Commodities, and Indices, and supports platforms like MT4 and MT5.

The range of account types—from Starter to Corporate—provides flexibility for various trading needs. However, the Starter account features high spreads, such as $33 for EURGBP, which can be a drawback compared to other accounts.

Minimum deposits are set at $100, and leverage can reach up to 500:1 for professional clients. Potential bank fees apply for deposits under $100, and there are variable costs with different spreads and commissions.

Overall, while Gildencrest provides robust trading options, the cost structure can impact cost-conscious traders.

FAQ

1. What trading platforms does Gildencrest Capital offer？

1. Gildencrest Capital provides MetaTrader 4 (MT4) and MetaTrader 5 (MT5) for trading.

1. What is the minimum deposit required to open an account？

1. The minimum deposit for opening an account with Gildencrest Capital is $100.

1. What is the maximum leverage available？

1. Maximum leverage offered is up to 500:1 for professional clients.

1. Are there any fees for depositing funds？

1. Deposits under $100 incur bank fees, while other deposits typically do not have fees.

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.