WikiFX

Sagot

Based on my review of NGG, a broker focusing primarily on gold trading and operating from Thailand, I approached the question of minimum deposit requirements with extra caution. For me, assessing this type of broker always starts with understanding both the product specifics and the broader risks. According to the details NGG provides, their minimum deposit is defined in terms of gold collateral rather than traditional currency. Specifically, I found that the smallest tier available requires a deposit equivalent to 5 BG (Baht Gold bars), with each 5 BG set at a value of 150,000 Thai Baht. This means the least amount required to open and maintain a trading account is the value of those 5 BG, which currently equates to 150,000 Baht. From my own experience trading with various brokers, a structure like this is unconventional and demands careful consideration, especially because NGG is unregulated. Regulatory oversight typically protects deposits and client interests, so a lack thereof means I would proceed with significant reservation, aware that my capital could be at higher risk. In short, to begin trading live with NGG, you would need to provide a gold margin equivalent to 5 BG (150,000 Baht), but I urge any potential traders—myself included—to weigh this against the serious implications of choosing an unregulated broker.