Global Broker Regulation & Inquiry App

Score

0123456789
.
0123456789
0123456789
/10
The WikiFX Score of this broker is reduced because of too many complaints!

Goldenway Global

United Kingdom|5-10 years|
Suspicious Scope of Business|United Kingdom Straight Through Processing(STP) Revoked|High potential risk|

https://www.gwguk.com/en/index.html

Website

Rating Index

Contact

+ 44 203 4118 398
info@gwguk.com
https://www.gwguk.com/en/index.html
35 New Broad Street, London EC2M 1NH
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+ 44 203 4118 398

Other ways of contact

Broker Information

More

Company Name

Goldenway Global Investments (UK) Ltd

Abbreviation

Goldenway Global

Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 5
Previous Detection : 2024-07-14
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 7 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
  • United KingdomFCA (license number: 185223) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Goldenway Global · WikiFX Survey
Danger A Visit to Goldenway Global in UK -- Finding No Office
United Kingdom

Users who viewed Goldenway Global also viewed..

XM

9.04
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

GTC

8.11
Score
10-15 yearsRegulated in United KingdomStraight Through Processing(STP)MT4 Full License
Official website

J.P. Morgan

7.47
Score
Above 20 yearsRegulated in Hong KongDealing in futures contractsSelf-developed
Official website

STARTRADER

8.54
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website
Pyramid scheme complaint
Expose

    Goldenway Global · 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.

    General Information & Regulation

    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.

    Financial Conduct Authority - FCA

    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.

    News

    WikiFX Review: Can Goldenway Global make your money safe?

    ExposureWikiFX Review: Can Goldenway Global make your money safe?

    2022-12-01 18:19

    Goldenway Global is an online forex broker offering a range of trading products. However, recent complaints raise our concern over the reliability of this broker. WikiFX made a review of this broker so that you can understand this broker from perspectives, such as specific data, regulation, exposure, etc.

    WikiFX
    2022-12-01 18:19
    Exposure
    WikiFX Review: Can Goldenway Global make your money safe?

    User Reviews

    Sort by content

    • Sort by content
    • Sort by time

    User comment

    5

    Comments

    Write a review

    Kioety
    more than one year
    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.
    2024-07-03 17:21
    Reply
    0
    0
    Stalinium
    more than one year
    Poor customer support. I’ve sent my documents 2 weeks before for verification, but it is still in process. All right, it is too exhausting! I have to leave it as soon as possible.
    2023-03-01 09:53
    Reply
    0
    0
    ken_goh
    more than one year
    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?
    2023-01-30 11:01
    Reply
    0
    0
    意逆志
    more than one year
    To be honest, I didn't want to think about my bad memories with this broker and how stupid I had been to be induced into investing a lot of money there until I lost all my money. Then I realized the reality. They were scammers!
    2022-11-23 12:11
    Reply
    0
    0
    坏脾气
    more than one year
    My biggest mistake! When I invested with this broker, I have no doubt that I will receive a good return. However, when I made a profit, they denied it and rejected my withdraw request, it hasn’t addressed until today, who can kdly help me?
    2022-11-23 10:01
    Reply
    0
    0
    7
    TOP

    Chrome

    Chrome extension

    Global Forex Broker Regulatory Inquiry

    Browse the forex broker websites and identify the legit and fraud brokers accurately

    Install Now

    Select Country/Region
    • Hong Kong China

    • Taiwan

      tw.wikifx.com

    • United States

      us.wikifx.com

    • South Korea

      kr.wikifx.com

    • United Kingdom

      uk.wikifx.com

    • Japan

      jp.wikifx.com

    • Indonesia

      id.wikifx.com

    • Vietnam

      vn.wikifx.com

    • Australia

      au.wikifx.com

    • Singapore

      sg.wikifx.com

    • Thailand

      th.wikifx.com

    • Cyprus

      cy.wikifx.com

    • Germany

      de.wikifx.com

    • Russia

      ru.wikifx.com

    • Philippines

      ph.wikifx.com

    • New Zealand

      nz.wikifx.com

    • Ukraine

      ua.wikifx.com

    • India

      in.wikifx.com

    • France

      fr.wikifx.com

    • Spain

      es.wikifx.com

    • Portugal

      pt.wikifx.com

    • Malaysia

      my.wikifx.com

    • Nigeria

      ng.wikifx.com

    • Cambodia

      kh.wikifx.com

    • Italy

      it.wikifx.com

    • South Africa

      za.wikifx.com

    • Turkey

      tr.wikifx.com

    • Netherlands

      nl.wikifx.com

    • United Arab Emirates

      ae.wikifx.com

    • Colombia

      co.wikifx.com

    • Argentina

      ar.wikifx.com

    • Belarus

      by.wikifx.com

    • Ecuador

      ec.wikifx.com

    • Egypt

      eg.wikifx.com

    • Kazakhstan

      kz.wikifx.com

    • Morocco

      ma.wikifx.com

    • Mexico

      mx.wikifx.com

    • Peru

      pe.wikifx.com

    • Pakistan

      pk.wikifx.com

    • Tunisia

      tn.wikifx.com

    • Venezuela

      ve.wikifx.com

    United States
    ※ The content of this website abides with local laws and regulations.
    You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
    consumer hotline:006531290538
    Official Email:support@wikifx.com;
    Mobile Phone Number:234 706 777 7762;61 449895363
    Telegram:+60 103342306
    Whatsapp:+852-6613 1970;
    License or other information error corrections, please send the information to:qawikifx@gmail.com
    Cooperation:fxeyevip@gmail.com