Goldmill Markets Information
Goldmill Markets, registered in Anguilla but not regulated by major financial authorities, empowers traders with a reliable platform for trading 250+ instruments including Forex, Commodities, Metals, Indices, Shares, and Cryptocurrencies, via competitive spreads and high leverage up to 1:400. However, the lack of regulation raises safety concerns, so it is better suited for seasoned, risk-tolerant traders than beginners.
Pros and Cons
Is Goldmill Markets Legit？
The trading entity Goldmill Markets is Goldmill Markets Limited, and it is officially registered at the Hansa Bank Building, 1st Floor, Landsome Road, Valley, Anguilla, under Company No: A000000920.
However, its regulatory information can't been found on the Financial Conduct Authority (FCA) in the UK and it has not been regulated by other well-known regulatory authorities such as the Australian Securities and Investments Commission (ASIC).
What Can I Trade on Goldmill Markets？
Goldmill Markets empowers traders with a reliable platform for trading 250+ instruments including Forex, Commodities, Metals, Indices, Shares, and Cryptocurrencies.
Account Type
Goldmill Markets provides three account types for users to choose from, and provides an Islamic account and demo account.
The Standard account is perfect for new traders looking to start investing, with a minimum deposit of $50.The Pro account is suitable for traders looking to take advantage of zero commissions, tight spreads, and instant execution with a minimum deposit of $1000.The ECN account is best-suited for traders looking for raw spreads and instant execution with a minimum deposit of $5000.
The above three types of accounts all have competitive spreads and a maximum leverage of 1:400. Besides, Goldmill Markets also made a special account for our Islamic customers that doesnt charge or give swap fees.
Goldmill Markets Fees
The trading fees of Goldmill Markets are a medium level compared to industry standards.
Trading Fees
Goldmill Markets has a competitive spread. By the way, Goldmill Markets offers an Introducing Broker program with free sign-up and commissions up to $10, $6, or $3 per lot traded for Standard, Pro, and ECN accounts, respectively.
Swap Rates
Goldmill Markets specializes in providing an Islamic account without swap fees.
Trading Platform
Deposit and Withdrawal
The minimum deposit of Goldmill Markets is $50.
Deposit Options
Withdrawal Options
Customer Service
Goldmill Markets customer service can be reached via phone, email, online chat, and social media.They have 24/7 technical and account support, which is a plus. However, they only support English services, which may not be convenient for non-native English speakers.
The Bottom Line
Goldmill Markets provides 250+ instruments and competitive spreads with high leverage. However, the biggest disadvantage is the lack of regulation. Therefore, Goldmill Markets is the best choice for traders who seek diversified investment varieties, are willing to take higher risk and have a certain understanding of the trading platform.
FAQs
Is Goldmill Markets a safe broker to use？
Goldmill Markets is not regulated by any major financial agencies, so it can't be regarded as a safe broker.
Is Goldmill Markets good for beginners？
No, while Goldmill Markets offers a user-friendly MT5 platform, it lacks regulation and has high leverage. Goldmill Markets can't be regarded as a plarform for beginners.
Who is Goldmill Markets best suited for？
This platform might be a good fit for experienced traders who are willing to take risks.
