Score
Goldenway Global
United Kingdom|5-10 years| https://www.gwguk.com/en/index.html
Website
Rating Index
Contact
Licenses
Licensed Institution：Goldenway Global Investments (UK) Limited
License No.：185223
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
United Kingdom
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Website
gwguk.com
Server Location
Hong Kong
Website Domain Name
gwguk.com
Website
WHOIS.1AND1.COM
Company
1&1 INTERNET SE
Domain Effective Date
2011-11-11
Server IP
116.251.230.92
Company Summary
Note: Goldenway Globals official site - https://www.gwguk.com/en/index.html is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
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 contained in this article is for general information purposes only.
General Information & Regulation
| Feature | Detail |
| Registered Country/Region | United Kingdom |
| Regulation | unregulated |
| Market Instrument | forex currency pairs, precious metals, crude oil, and indices |
| Account Type | Standard &VIP |
| Demo Account | N/A |
| Maximum Leverage | 1:500 |
| Spread (EUR/USD) | 1.8 pips |
| Commission (forex) | no |
| Trading Platform | MT4 |
| Minimum Deposit | $200 |
| Deposit & Withdrawal Method | credit/debit cards, wire transfers, e-wallets like Skrill and FasaPay |
Goldenway Global, a trading name of Goldenway Global Investments (UK) Ltd, is a subsidiary of Goldenway Group. It is a highly trusted online trading service provider registered in the United Kingdom, offering investors a range of trading products with leverage up to 1:500 and floating spreads on the MT4 trading platform via two different live account types.
As for regulation, Goldenway Global claims to be regulated by Financial Conduct Authority - FCA but has been cancelled. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.43/10. Please be aware of the risk.
Note: The screenshot date is January 17, 2023. WikiFX gives dynamic scores, which will update in real time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores.
Market Instruments
Goldenway Global provides investors with a range of popular financial trading instruments, mainly forex currency pairs, precious metals, crude oil, and indices.
Account Types
Goldenway Global offers investors two different account types: Standard and VIP Accounts. Standard accounts have a minimum deposit of $200 ($50 for New Zealand residents). VIP accounts have a minimum deposit of $50,000. The base currency of the account is the USD, and if the investor uses other currencies to deposit funds, a certain exchange rate will apply. Additionally, both accounts have a minimum trade size of 1 lot and no micro lots available.
Leverage
The maximum leverage is capped at 1:500. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you. However, according to the regulations, British and Australian brokers have to limit their clients to 1:30, while US brokers cant provide more than 1:50.
Spreads & Commissions
The spreads on the Goldenway Global platform are pretty high, with an average spread of 1.8 pips on EURUSD, and no commission is charged on forex transactions.
Trading Platform
Goldenway Global provides traders with the world's leading and widely acclaimed MT4 trading platform, as well as MT4 Desktop and MT4 Mobile. MT4 is the preferred choice for traders of all experiences, easily meeting the trading needs of all traders and allowing automated trading through EAs. GWMT4 offers 31 charting tools, 9 timelines, and 30 technical indicators.
Deposit & Withdrawal
Goldenway Global clients can withdraw funds via credit/debit cards, wire transfers, and e-wallets like Skrill and FasaPay. Withdrawals usually take 2 business days.
Customer Support
Goldenway Globals customer support can be reached by telephone: + 44 203 4118 398, email: info@gwguk.com. Company address: 35 New Broad Street, London EC2M 1NH.
Pros & Cons
| Pros | Cons |
| • Multiple trading assets and funding options | • No regulation |
| • No commission on forex trading | • Website inaccessible |
| • MT4 supported | • Uncompetitive spreads |
| • High minimum deposit ($200) |
Frequently Asked Questions (FAQs)
| Q 1: | Is Goldenway Global regulated？ |
| A 1: | No. The FCA license that Goldenway Global claims to hold has been cancelled. |
| Q 2: | Does Goldenway Global offer the industry-standard MT4 & MT5？ |
| A 2: | Yes. Goldenway Global supports MT4. |
| Q 3: | What is the minimum deposit for Goldenway Global？ |
| A 3: | The minimum initial deposit at Goldenway Global to open a Standard account is $200 ($50 for New Zealand residents). |
| Q 4: | Does Goldenway Global charge a fee？ |
| A 4: | Like every forex broker, Goldenway Global charges a spread fee, but no commission is charged. |
| Q 5: | Is Goldenway Global a good broker for beginners？ |
| A 5: | No. Goldenway Global is not a good choice for beginners. Not only because of its unregulated condition, but also because of its inaccessible website and high initial deposit. |
Keywords
- 5-10 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- United Kingdom Straight Through Processing(STP) Revoked
- High potential risk
Review 9
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不要跟单
Hong Kong
The platform maliciously tampered with the price trend in small cycles, maliciously destroyed the customer's stop loss, and then the price returned to normal trend! The price trend in small cycles is inconsistent with the official price trend, but is consistent in large cycles! Change price data on small cycles!
Exposure
01-10
懒懒长大了
Hong Kong
20% of the profit should be paid as margin.
Exposure
2021-01-22
FX3924117349
Hong Kong
Account: 86082421. The teacher made me lose 200,000 CNY! I ask for compensation! My phone number: 199****1226
Exposure
2020-11-24
潛龍在淵
Hong Kong
Goldenway Global suddenly withdrew its business from China! Instructors of APP have been disappeared! It claimed that the withdrawal would be available. Let’s wait and see.
Exposure
2019-12-18
金伟伟
Hong Kong
Goldenway Global has absconded, thus the withdrawal is unavailable. Whether the fund could be withdrawn remains unknown.
Exposure
2019-12-18
FX9709117323
Hong Kong
They have conducted the following behaviors: covert deals, fake tradings, arbitrary system shutdowns, reverse interference, no access to withdrawal, fake market data, and rigged connection to the server.
Exposure
2019-12-17
欢乐马45723
Hong Kong
The software,with complete names including Goldenway Global ,Goldenway Global and Goldenway,doesn’t process clients’ deposit.
Exposure
2019-11-06
Kioety
Japan
Goldenway Global has a wide range of market products and convenient trading platform. I like Goldenway Global very much and hope to make a lot of money in Goldenway Global.
Positive
07-03
ken_goh
Spain
The website of this Goldenway Global company gives very little information and I see that it states that it is going to stop offering the MT4 platform to all clients. I do not understand what has been published, do you not want to continue with the business?
Positive
2023-01-30