GoldmanCFD is an unlicensed, offshore forex and CFD broker that offers several account types on the MetaTrader4 platform. The company behind the broker, GoldmanCFD Ltd., was founded in May 2018.
You can read more details about the GoldmanCFD broker in our review.
GoldmanCFD offers different account types to their users. Each of them has different features as well as different requirements in terms of minimum deposit.
Some of the features that are offered to the Gold and Platinum accounts are SMS signals and VIP Trading Support.
A complete list of the special account features is available in our overview below.
As you can see, there are a lot of features that are offered for different account types. What we found interesting was the fact that there is no big difference in the features between Gold Account and Platinum Account.
The only difference is the minimum deposit amount that is required for each of the account types.
We would also like to point out that GoldmanCFD is listing leverage up to 1:50 for different account types, however, when you log in to their trading platform you are able to use 200:1 leverage.
In order to create a trading account, GoldmanCFD is requiring a minimum deposit of $500, where other brokers allow you to open an account with a minimum deposit of $250.
Even though there is a BONUS tab listed on the broker website, there is no information about any kind of bonuses that are offered. After you click on the bonus tab it automatically sends you to the Account Types section.
We would like to remind you that the European regulatory body CySEC forbids any kind of bonuses in online trading. It is possible that the broker decided to remove this feature for their traders, however, it looks like they did not update their website.
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We can see that GoldmanCFD offers MetaTrader4 trading platform to their traders. It is interesting that a downloadable version of the platform is available for both Windows and iOS operating systems. However, there is no web trader. You can test their platform using the Demo account feature.
Mobile trading app is also available, both in the Apple Store and Google Play Store.
The following trading assets are offered to their clients: Forex, Commodities, Indices, and Equities.
Cryptocurrencies are also listed as trading assets on the GoldmanCFD website.
It is easy to find information about the benefits of trading cryptocurrencies on the website, but it turns out that cryptocurrencies are not really listed as trading assets in their platform.
The only information about cryptocurrencies is displayed on their website and that’s it.
The Academy section that is listed on their website consists of three parts. The first part is a short article about technical analysis. The second part is supposed to have video tutorials, but it is completely empty. The third part is an FAQ section.
Not much useful information for traders who are willing to learn something about CFD trading.
If you want to trade with an award-winning licensed broker, we recommended using IQ Option
The company behind GoldmanCFD is an offshore company registered in the Marshall Islands.
It is possible to contact customer support using a contact form on their website. When we checked the contact information that is listed on the website, there was no phone number and the address in Bulgaria was listed as the company address.
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GoldmanCFD accepts deposits via Mastercard, VISA and Diners credit cards. Deposits from the following electronic payment solutions are also accepted – Abaqoos, eKonto, ePay, ePS, Euteller, GiroPay, HalCash. iDeal, Bancontact Mister Cash, MultiBanco, Neosurf, Przelewy24, SOFORT, SporoPay, TeleIngreso, TicketSurf, TrustPay and Poli.
According to their Terms & Conditions, bank wire deposits are also accepted. The minimum amount for a bank wire deposit is 3,000 EUR/GBP.
If you decide to withdraw funds you need to make sure that you have verified your account according to their KYC requirements. Withdrawal is processed using the same method that you used to deposit funds.
GoldmanCFD claims that there is no minimum amount that can be withdrawn, however in case of bank wire withdrawal, the minimum amount is 3,000 EUR/GBP.
Deposit and withdrawal fees are mentioned in the Terms & Conditions but we did not find any information on how much these fees really are.
We did not find any information about a GoldmanCFD license. The company claims that client funds are held in a segregated account and that these funds are separated from operation company funds.
If GoldmanCFD had a license, this would be standard practice and client funds would be segregated and insured. You have to keep in mind that this broker does not have a license.
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