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0 1 2 3 4 5 6 7 8 9
/10

GOLDTRADE

United Arab Emirates United Arab Emirates | 2-5 years |
Questionable Regulatory License | High Potential Risk

https://www.goldtrade.ae

Website

Rating Index

Influence

Influence

B

Influence Index NO.1

United Arab Emirates United Arab Emirates 6.15
Surpassed 14.70% brokers
Business Region Search Statistics Ad Campaigns Social Media Index

Contact

+971 50 9674 802
https://www.goldtrade.ae
217, Sheikha Building, Al Ras, Deira, Dubai, UAE

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
United Arab Emirates
Operating Period
2-5 years
Company Name
RKV Gold Trade LLC.
Email
info@GoldTrade.ae
Contact Number
+971509674802
Business Region
Verified Site
About Us
News
Wiki Q&A
Comment

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Official Website

Verified Site

  • goldtrade.ae
    166.62.27.151
    Server Location
    Singapore Singapore
    ICP Registration No.
    --
    Top Visitor Locations
    --
    Creation Date
    --
    Website Name
    --
    Company
    --

Company Profile

Company Profile

Review summary

GoldTrade Review Summary
Founded2010
Registered Country/RegionUnited Arab Emirates
RegulationNo regulation
Products and ServicesOnline bullion store, precious metals, gold bars & coins, gemstones
Demo Account
Trading PlatformBullion Web Trader, GoldTrade Mobile Platform
Minimum Deposit/
Customer SupportTel: +971 50 9674 802
Email: info@GoldTrade.ae

GoldTrade Information

GoldTrade, founded in 2010 and headquartered in the UAE, offers an online bullion platform that sells gold, silver, and gemstones to retail and investment clients. While it offers a wide range of account types and convenient digital access, the firm is unregulated, which has trading risks.

GoldTrade's homepage

Pros and Cons

ProsCons
Offers online bullion trading for gold, silver, and gemstonesNo regulation
Multiple account typesUnclear fee structures
Desktop and mobile trading platforms availableLimited information about minimum depoist

Is GoldTrade Legit?

GoldTrade is not licensed or overseen by any regulatory authority in its registered location (United Arab Emirates). Additionally, it does not hold licenses from major international regulators such as the FCA (UK), ASIC (Australia), CySEC (Cyprus), or CFTC/NFA (US).

Domain information

Products and Services

GoldTrade offers an online bullion store providing physical precious metals, including gold bars, coins, and gemstones, for retail and investment customers.

Product/ServiceSupported
Online Bullion Store
Precious Metals
Gold Bars & Coins
Gemstones
Products and Services

Account Type

GoldTrade has many live account types geared to individuals, businesses, and savings programs, as well as an IB (Introducing Broker) account. It also has a demo account for practice, but no mention of an Islamic account.

Account TypeSuitable for
Demo AccountBeginners who want to practice without real money
Individual AccountRetail individuals trading or investing in bullion
Corporate AccountCompanies managing larger-volume bullion trades
Gold Saving AccountIndividuals focused on long-term gold savings plans
IB AccountIntroducing Brokers who refer new clients to GoldTrade
Account Type

GoldTrade Fees

GoldTrade promises to have cheaper fees than the traditional gold shop business, with minimum redemption (conversion) fees and acceptable prices for online gold buying and selling.

GoldTrade Fees

Trading Platform

Trading PlatformSupportedAvailable Devices
Bullion Web TraderDesktop
GoldTrade Mobile PlatformMobile
Trading Platform

Deposit and Withdrawal

GoldTrade does not clearly state if it charges deposit or withdrawal fees, and the minimum deposit is not mentioned.

Deposit Options

Deposit OptionsMinimum DepositDeposit FeesDeposit Processing Time
Bullion Deposit (Gold/Silver bars)//After purity verification, credited at spot price
Bank Wire TransferAfter bank transfer confirmation
Cash Deposit (ATM)After deposit confirmation and receipt sent

Withdrawal Options

Withdrawal OptionsMinimum WithdrawalWithdrawal FeesWithdrawal Processing Time
Fund Withdrawal //Upon receipt of fully completed withdrawal form
Deposit

Company Profile

  • 2-5 years
  • Questionable Regulatory License
  • High Potential Risk

News

GOLDTRADE Review: Is This Unregulated Broker Safe for Gold Trading?

Exposure GOLDTRADE Review: Is This Unregulated Broker Safe for Gold Trading?

Unbiased GOLDTRADE review: Explore its services, fees, and WikiFX regulation status. Discover if GOLDTRADE is a legitimate broker for your gold investments. Read more now!

Wiki Q&A

Is it risky to trade with GOLDTRADE?

Yes, trading with GOLDTRADE carries significant inherent risks. According to WikiFX data, RKV Gold Trade LLC., operating as GOLDTRADE, holds no valid financial market licenses and operates without formal regulatory oversight, placing client funds and legal recourse in a precarious position. The WikiFX overall assessment score of 1.47 reflects a severely deficient operational profile across multiple areas, including risk control and business practices.

04-02
United States

What is the license number of GOLDTRADE?

GOLDTRADE does not possess a verified forex trading license from any authoritative financial regulator. The entity, registered as RKV Gold Trade LLC. in the United Arab Emirates, operates in the retail forex market without mainstream regulatory authorization, which is a critical factor for traders to consider.

04-02
United States

What is the official website of GOLDTRADE?

The official website for GOLDTRADE is not publicly listed in the current data review. Key operational details such as a specific minimum deposit requirement, leverage offerings, or supported trading platforms are also not explicitly disclosed, which complicates a transparent evaluation of its trading terms.

04-02
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.

04-02
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.

04-02
United States

Apa saja regulator forex yang paling umum dikenal?

Regulator forex yang umum dikenal antara lain Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Commodity Futures Trading Commission (CFTC), Securities and Exchange Commission (SEC), Cyprus Securities and Exchange Commission (CySEC), dan Monetary Authority of Singapore (MAS). Regulator-regulator tersebut biasanya memiliki standar pengawasan yang tinggi.

Two days ago

Apa arti broker memiliki beberapa lisensi regulasi?

Broker yang memiliki beberapa lisensi regulasi biasanya beroperasi di berbagai yurisdiksi dan harus mematuhi persyaratan dari beberapa regulator, yang dapat menunjukkan tingkat kredibilitas operasional yang lebih tinggi. Namun demikian, kekuatan pengawasan setiap lisensi dapat berbeda, terutama lisensi offshore. Disarankan memeriksa lisensi dari regulator utama seperti FCA atau ASIC melalui WikiFX.

Two days ago

¿Qué es WikiFX y cómo puede ayudar a los inversores?

WikiFX es una plataforma independiente que proporciona servicios de consulta de información sobre brókers de divisas y alertas de riesgo. Integra datos regulatorios, comentarios de usuarios y registros históricos, y realiza evaluaciones mediante un modelo multidimensional para ayudar a los inversores a comprender la situación general de un bróker y sus posibles riesgos. Este tipo de herramientas permite realizar una verificación preliminar antes de elegir un bróker.

Two days ago
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