Golden Share is another forex broker where I had my trading account. Like most of these companies, they are also headquartered in London and have earned a good reputation over the years for providing high-quality service to global clients who are looking to trade in Forex markets. I will be talking more about it as we go forward in the Golden Share review.
For the purpose of this review, I got in touch with one of their customer service representatives to understand what exactly they have to offer. And after speaking with them for an hour, here is my honest account of what you should expect when it comes to dealing with Golden Share. I emailed and called them a few times to get different points of view from their representatives. In order to provide you all with the best picture, I also talked to a few fellow users and customers who had personal experiences.
I would like to mention in this Golden Share review that I found most of the responses that came my way to be prompt and straightforward whenever I got back to them. The team there actually takes the initiative to listen and respond. With so many unprofessional brokers out there, this was a pleasant surprise. They were able to answer all my questions and provided me with useful information that helped me understand what makes them one of the few trustworthy forex brokerages around.
In fact, when I was a new trader and was looking to make my first deposit, I looked up various Golden Share reviews to see if they are legit or not. I knew that you will never find the best broker with the help of just one review as every person has their own perspective about things. Moreover, I had my own research to do so I had to keep all of this in mind.
My seniors have always told me and I am writing in this Golden Share review that no one can tell you who is perfect and who is not. You need to make up your own mind about things when it comes down to making or breaking any business relationship.
For me, Golden Share was more than just a Forex broker because they helped me with the initial learning of my financial market education. I did some reading on their blog and tried out some of their trading robots. This helped me better understand how these things worked and what the dynamics behind them were. I have had my own experiences with many other brokerages but this one was something that stood out and I would like to thank them in my Golden Share review.
Golden Share has years of experience in the Forex market trade, conducting business on a global scale. It is hard to fathom how they were able to do this in the past but so far, so good. I have not heard of any major issue with their services. The company seems to have earned a name for itself in the global market.
Most of the Golden Share reviews that I read online talked about its authenticity and transparency in dealing with customers. Everyone seems to be giving it a good score. If you are wondering why they are not charging huge brokerage fees, look no further because the answer is clear. They have no need to do so as most of their revenue is generated through other means.
As I mentioned earlier, I also spoke with a few people who were actual customers and had direct knowledge of things so let us begin with it now.
Golden Share is one of those companies which traders have been using for a considerable amount of time and in my Golden Share review, I will give you an overview of what I like and don’t like about this broker.
- The first thing that comes to my mind is their spreads which are competitive and something every trader looks out for when it comes to finding the best company for trading. So in my review, I will say that this was one of the first things which attracted me towards them since I have been using some other companies where spreads are really high and you cannot trade easily on a small account. But thankfully that is not the case with Golden Share where I found spreads to be extremely competitive and something anyone can manage easily.
- The next thing I looked up and would like to mention in this Golden Share review was their website and this is one area where Golden Share has done well since it is easy to use and understand for new traders. It has all the features you require including news, charts, signals, basics of forex etc. And best of all, it is free to register with them.
- Another thing that I liked about them is their account opening process. I had my own account with some other brokers who took weeks to approve my account when it was opened. This company on the other hand does everything in less than 24 hours which is remarkable for me. This means that you can easily submit your documents and get everything approved faster. I think this is the highlight of the Golden Share review.
- They also have a comprehensive education section where they show you how to make money from Forex trading, which is helpful for new traders. However, there are only a few of them who know the steps required to make money from trading forex and if you want to learn more you will have to research more. And I must say that I learnt a lot from my account managers to be able to trade on my own.
- The leverage this company provides is good which means that you can go for a big margin if you want to trade with larger quantities. I personally liked this feature as it helped me earn more in less time when the market was volatile.
- Another good thing about this company is that they offer different types of accounts for their traders. I personally liked the features available under all accounts because they have all the tools which you require if you are serious about Forex trading.
- The account managers are also good and available 24 hours to answer any queries you have. However, depending on your account type, the number of times you can contact them is limited which I don’t like as a new trader.
This was it for the Golden Share review pros. Let us move towards cons now.
However, when it comes to my Golden Share review I have a few negatives as well.
- The first thing is that they don’t offer much in terms of trading tools which can be an area where they have to improve upon. This is part of the reason why I was not able to trade with them as extensively as I could have. I think that trading tools are one of the most important things which traders look for because if they have everything required to trade, they can maximise their profits.
- The next negative that I found is that they do not provide trades in smaller quantities which comes as a shock to me since they are amateur brokers and traders need small positions where they can make money easily.
- The customer support of Golden Share is also good but they have a few FAQs that answer common questions asked by people these days. You can either contact them through email or live chat which means you have all the options available at any time to approach them.
- There is no demo account where you can try everything before using the real accounts. This can be a slight problem since you cannot know which broker would be best for your trading style unless and until you try them out. A demo account can help you understand all the buttons and what strategies to use for day trading. I think they should have a demo account so that new traders can start off with a bang. You will find this con in many Golden Share reviews
I conclude my Golden Share review with the fact that it is a good broker. If you are new to Forex trading and want to try out different strategies you can give it a shot because they have multiple accounts and I have always found them neutral with all the account holders. This means that before you start trading for real, you can try out different techniques and strategies and figure out which one you like the best. If you are a very serious trader and want to take out large quantities from the market every day, you can approach this broker. I hope my review was helpful.
Disclaimer: This review is written from the writers own experience their self-knowledge only and this is not a recommendation.