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GoldendeerFx

Saint Lucia Saint Lucia | 1-2 years |
ECN Account Suspicious Regulatory License | Suspicious Scope of Business | High potential risk

https://goldendeerfx.com/

Website

Rating Index

Contact

+971 42856675
https://goldendeerfx.com/
Top Floor, Rodney Court Building, Rodney Bay, Gros-Islet, St Lucia. LC01 101

license Forex License

No forex trading license found. Please be aware of the risks.

Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!
2

Basic Information

Registered Region
Saint Lucia
Operating Period
1-2 years
Company Name
Golden Deer Markets Ltd
Customer Service Email Address
support@goldendeerfx.com
Contact Number
+97142856675
Account
Website
Company Summary
Wiki Q&A
Comment

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Official Website

Website

  • goldendeerfx.com
    92.113.18.213
    Server Location
    Germany Germany
    ICP registration
    --
    Most visited countries/areas
    --
    Domain Effective Date
    --
    Website
    --
    Company
    --

Company Profile

Company Profile

Review summary

Golden Deer Fx Review Summary
Founded2024
Registered Country/RegionSt Lucia
RegulationNo regulation
Market InstrumentsForex, stocks, commodities, futures, bonds, cryptocurrencies
Demo Account
SpreadFloating From 0 pips
Leverage Up to 1:400
Trading PlatformMT5
Minimum Deposit$100
Customer SupportContact form, Live chat
TEL: +97142856675
Email: support@goldendeerfx.com
Registered Address: Top Floor, Rodney Court Building, Rodney Bay, Gros-Islet, St Lucia. LC01 101
Office no : 1011, The Regal tower, 1501 Al Mustaqbal St, Business Bay, Dubai
Restricted AreasUSA, Iran, North Korea, Sudan

Golden Deer Fx Information

Golden Deer Fx is a brokerage company registered in St Lucia while physically operates in Dubai, UAE. It offers trading services in more than 1000 financial instruments, including forex, stocks, commodities, futures, bonds, and cryptocurrencies.

The broker provides a demo account for practicing before actual trading and 3 tiered live accounts for different client groups. To protect customer funds, Golden Deer Fx implements segregated accounts to separate client assets from operational funds.

Furthermore, the broker does not charge trading commissions, which considerably reduces trading costs for customers.

However, the broker is not being well-regulated by any official authorities so far, which degrades its credibility and trustworthiness.

Golden Deer Fx's homepage

Pros and Cons

Pros Cons
Demo accounts availableNo regulation
Tiered accountsNo services in several countries
MT5 platform
Fund segregation
Zero commission

Is Golden Deer Fx Legit?

The most important factor in measuring the safety of a brokerage platform is whether it is formally regulated. Golden Deer Fx is an unregulated broker, which means that the safety of users' funds and trading activities are not effectively protected. Investors should choose Golden Deer Fx with caution.

No license

What Can I Trade on Golden Deer Fx?

Golden Deer Fx offers 1,000+ trading instruments:

Tradable Instruments Supported
Forex
Stocks
Commodities
Futures
Bonds
Cryptocurrencies
Indices
Options
ETFs

Account Type & Fees

To start with Golden Deer Fx, you are suggested to start with a free demo account with virtual money to practice and get familiar with the platform first.

After gaining enough experience and confidence, you can go one step further to open a live account. It's suggested you go with the Standard account with a minimum deposit of $100 first.

Then beining more professional, you can try higher accounts wiht more initial investments.

Account TypeMinimum DepositSpread Commission
Standard $100Floating from 0 pip
Pro$5,000
ECN$10,000
Account comparison

Leverage

Golden Deer Fx offers leverage up to 1:400 for all account types. It's always wise to be cautious with leverage since it's a double-edged sword which signifies your profits as well as losses at the same level.

Trading Platform

Golden Deer Fx offers the most popular and well-recognized MetaTrader 5 platform, which has user-friendly interface, robust analysis tools and most updated market updates to allow traders to make data-driven decisions.

Traders can access the platform via web, Windows, and both iOS and Android phones, withi no limitation for devices.

Trading PlatformSupported Available Devices Suitable for
MT5Web/ Windows/iOS / AndroidExperienced traders
MT4/Beginners
MT5 platform

Deposit and Withdrawal

For deposits, the broker allows for local bank transfers, debit/credit cards, Bitcoin, Tether, Perfect Money and wire transfers. Each with different minimum amount requirements and processing time between 1 hour to 5 days. Deposits are free with this broker.

Deposit MethodsMinimum DepositDeposit Time
Local BankUSD 250Up to 24 hours
Debit/Credit CardsUp to USD 1001-3 hours
Bitcoin0.002 BTC1-6 hours
TetherUSD 100
Perfect Money
Wire TransferUSD 5,000Up to 5 days

However, for withdrawals, only Bitcoin and Tether are accepted. You need to withdraw at least USD100, and processing time will be 24 hours.

Deposit and Withdrawal

Keywords

  • 1-2 years
  • Suspicious Regulatory License
  • Suspicious Scope of Business
  • High potential risk

Wiki Q&A

Is it risky to trade with GoldendeerFx?

Trading with GoldendeerFx involves a high-risk profile due to its unregulated status. The broker, operating as Golden Deer Markets Ltd from Saint Lucia, lacks any valid licensing from recognized financial authorities, meaning client funds are not protected by compensation schemes. The entity operates with a business scope described as suspicious.

Two days ago
United States

Which regulator oversees GoldendeerFx?

GoldendeerFx is not overseen by any mainstream financial regulator. The entity, Golden Deer Markets Ltd, operates from Saint Lucia, a jurisdiction not known for rigorous retail forex broker oversight, and it does not hold any verified forex trading licenses from top-tier authorities.

Two days ago
United States

How can I contact GoldendeerFx?

Contact details for GoldendeerFx are not currently publicly disclosed in a verifiable manner. As a common characteristic of unregulated entities, the absence of readily available and transparent contact information adds to the operational opacity and increases the difficulty for traders seeking direct support or resolution of issues.

Two days ago
United States

What is WikiFX, and how does it help investors?

WikiFX is a third-party platform that provides forex broker information inquiry and risk alerts. This type of platform mainly integrates brokers' regulatory information, user feedback, and historical records, and conducts comprehensive evaluation through a multi-dimensional model to help investors quickly understand the broker's basic situation and potential risks. By using such tools, investors can conduct preliminary screening before choosing a broker, thereby reducing decision-making risks caused by information asymmetry.

Two days ago
United States

What does it mean if a broker holds multiple regulatory licenses?

If a broker holds multiple regulatory licenses, it usually means that it operates in multiple countries or regions and needs to comply with the requirements of different regulatory authorities. Its overall credibility is generally higher. However, it should be noted that regulatory strength differs between licenses. Some offshore regulations have weaker restrictions, so safety should not be judged only by the number of licenses. It is recommended to focus on whether the broker holds licenses from major regulators such as FCA or ASIC, and evaluate its regulatory status, historical records, and overall rating together. You can also check all regulatory information and performance under different regulators on the WikiFX platform to more comprehensively assess its actual risk level.

Two days ago
United States

What are the most common and reputable forex regulatory authorities?

Common forex regulatory authorities include the Financial Conduct Authority (FCA) in the United Kingdom, the Australian Securities and Investments Commission (ASIC), the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) in the United States, the Cyprus Securities and Exchange Commission (CySEC), and the Monetary Authority of Singapore (MAS). These regulatory authorities usually maintain relatively high regulatory standards, and brokers regulated by them generally have higher compliance levels. You can check broker ranking lists under different regulators on the WikiFX platform, such as brokers regulated by FCA, ASIC, and CySEC, so as to compare brokers under different regulatory backgrounds more clearly and make safer choices.

Two days ago
United States

How should I compare different forex brokers to find the best one?

To compare different brokers, investors can make comprehensive judgments from multiple dimensions such as regulatory qualifications, overall ratings, trading environment, account conditions, and user feedback. In general, priority should be given to regulatory status and license information, followed by WikiFX ratings and various indexes (such as risk control, software, and business indexes). At the same time, trading conditions (such as spreads and execution speed) and account information (such as minimum deposit and account types) should also be compared. In addition, user reviews, exposure records, and risk assessment information can also be considered to evaluate broker safety and trading experience from multiple aspects. The WikiFX platform also provides multi-dimensional broker comparison tools. Users can select different brokers for visual comparison and comprehensive analysis, so as to make decisions more efficiently.

Two days ago
United States

What is a clone broker website?

A cloned broker website refers to a fraudulent website that imitates the information of a legitimate broker. Such websites usually copy the real company's brand name, page design, and even regulatory information to mislead investors into making deposits. Common features include: a domain name highly similar to the official website (such as slight spelling differences), abnormal or unverifiable contact information, and promises of unusually high returns. Once funds enter such platforms, they are usually difficult to recover. Investors can identify potential risks by checking the official domain name, verifying regulatory information, and using WikiFX for cross-verification.

Two days ago
United States
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