Golden Capital FX Review 2024

1.5 / 5
Golden Capital FX is #108 in our CFD broker rankings.

Golden Capital FX offers multi-asset trading using an STP execution model.

Forex, Indices, Metals, Energies
Bitcoin Payments, Debit Card, Credit Card, Skrill, Wire Transfer

Forex Trading

Trade major, minor and cross currency pairs on the MT4 platform.

Stock Trading

Trade on popular global indices with spreads from 3.0 pips on the Average account.

CFD Trading

Leveraged CFDs are available with variable STP spreads.

✓ Pros

  • Low minimum deposit
  • No demo account
  • MT4 integration

✗ Cons

  • Weak regulatory oversight
  • No copy trading

Golden Capital FX (GCFX) is an offshore forex and CFD broker. Registered in St. Vincent and the Grenadines, the mission of the brand is to become one of the best financial brokerages in Latin America with 240+ instruments and 1:500 leverage.

This Golden Capital FX review will cover the different account types and assets available, spreads and fees, safety and security, plus trading platforms and apps. Find out if Golden Capital FX is worth trading with.

Key Takeaways

Company Details

Golden Capital FX was established in 2016 by founder and director, Ms Daniella Lucia Cervantes Alvarez. The brokerage is headquartered in Peru.

Currently regulated by Saint Vincent & The Grenadines Financial Services Authority, GCFX offers a simple approach to trading for global customers. Day traders can take positions on stock indices, forex, metals and energies on the MT4 platform.

Golden Capital FX provides competitive execution speeds through its STP trading model. With low latency, clients have direct access to the market with no dealing-desk intervention.

Popular Alternatives To Golden Capital FX

CFDs are not available to residents in the United States.

Trading Platform

Like many forex brokers, Golden Capital FX offers MetaTrader 4. The platform can be accessed directly through the Golden Capital FX client dashboard, with no download requirement.

MT4 is suitable for both beginners and experienced traders. The interface is easy-to-use with simple navigation features including a self-explanatory menu and new order screen.

MT4 has 30+ in-built indicators and its own coding language (MQL4), which allows users to create trading bots and algorithms (Expert Advisors feature). The terminal also has three execution modes, eight order types, market news, trading signals, and can run an unlimited number of charts.

Golden Capital FX trading platform
MetaTrader 4

How To Place A Trade

  1. Click ‘New Order’ in the toolbar menu (or press F9)
  2. In the new window, enter the order information;
  3. Symbol – select the asset you wish to trade
  4. Volume – add the volume to trade (in lots)
  5. Stop-loss level – optional function to close a trade
  6. Take-profit level – optional function to close a trade
  7. Comment – optional function to insert a trade note/reference
  8. Order type – market execution (instant) or pending order (at a later date/time)
  9. Select ‘Buy’ or ‘Sell’

Assets & Markets

Golden Capital FX has over 240 instruments spanning indices, currencies and commodities. However, it’s worth pointing out that this is a fairly limited offering versus competitors. There are no cryptocurrency opportunities or direct trading in stocks.

Spreads & Fees

Spreads at Golden Capital FX are only competitive with the Premium and VIP accounts. The Standard profile has fairly high trading fees.

The EUR/USD currency pair is offered at 1.5 pips on the Standard Account, 1.2 pips on the Premium account, and 1 pip on the VIP account. Cross-currency pairs such as the EUR/CHF and GBP/CAD range from 1.1 pips on the Standard account to 0.5 pips on the VIP account.

Global indices range from 3 pips to 1 pip (Standard and VIP profiles) and oil trading has a minimum spread of 0.3 pips for all account types.

Golden Capital FX fees
Forex Spreads

Golden Capital FX Leverage

GCFX offers substantial leverage up to 1:500, depending on the asset.

Offshore brokers are not restricted in terms of the leverage they can offer. Still, clients should take a sensible approach to risk management.

Mobile App Review

MetaTrader 4 is available as a mobile app. Day traders can access all order types, view full trading history, and review market news on mobile and tablet devices. The app supports 9 timeframes, 24 analytical objects, and trading signals.

Note, MT4 is not currently available to download from the Apple App Store.

Deposits & Withdrawals

The minimum deposit requirement is $100 for the Standard account.

Golden Capital FX accepts deposits and withdrawals via credit/debit card, bank wire transfer, and Skrill. Deposits can also be made with Bitcoin (BTC) and Tether (USDT), which is an advantage over alternative trading firms.

Deposits and withdrawals can take up to 24 hours to be processed. Third-party charges such as intermediary bank costs may be applicable.

Importantly, customer reviews of GCFX complain about not being able to withdraw their funds, out-of-service customer support lines, and accounts not closing. Some users had to reach out to external bodies for assistance with withdrawing their funds which is a red flag.

Demo Account

Golden Capital FX offers an MT4 demo account to new and existing customers. The practice profile offers flexible leverage and $50,000 in virtual funds.

Basic details must be provided to register; full name, email address, and phone number. Login details will be provided to the listed email address.

Demo accounts are perfect for testing the broker’s services and trading platform before committing and using real funds to trade.

Bonuses & Promotions

There are regular promotions available to new and existing Golden Capital FX clients. The main incentive is the $2 cashback rebate promo.

However, when our experts reviewed the terms and conditions, there is limited information on the accessibility requirements and eligibility.

Golden Capital FX Regulation

Golden Capital FX is regulated offshore by the Saint Vincent & The Grenadines Financial Services Authority (SVGFSA), license number 23172 IBC.

The regulatory body has relaxed joining requirements vs top-tier financial authorities, such as the UK Financial Conduct Authority (FCA). There is no negative balance protection available, for example, which is provided as standard by many reputable brokers. Having said that, Golden Capital FX does keep segregated client funds in tier-1 banks and follows anti-money laundering protocols.

Additional Features

When we used Golden Capital FX, our traders found some basic educational content and trading tools. This includes online webinars and in-person seminars covering industry tips and news. Unfortunately though, the quality and depth of materials are limited vs competitors.

The broker also houses an economic calendar on its website.

Golden Capital FX economic calendar
Economic Calendar

Account Types

Golden Capital FX offers three accounts; Standard, Premium, and VIP. The main difference between the accounts is the pricing structures (outlined above) and minimum deposit requirements.

How To Open An Account

To register with Golden Capital FX, follow the ‘Visit’ button above and select the ‘Open Live Account’ icon on the broker’s homepage.

Complete the basic information to access the client portal. From here you can choose a trading account and deposit funds.

How to open a Golden Capital FX account

Customer Support

Customer support is available via an online contact form, phone number, and email address. Live chat and WhatsApp is also available.

However, we did not receive a response while testing Golden Capital FX’s support channels.

Security & Safety

Golden Capital FX protects deposit information and personal details with SSL certification. High standards of data privacy are also adhered to.

Additionally, MT4 is a secure platform, with data encryption and secure login features such as one-time passwords and two-factor authentication.

Golden Capital FX Verdict

Golden Capital FX offers 240+ instruments on the popular MT4 platform with dedicated account managers and a $100 minimum starting deposit. However, the lack of stock and crypto trading and complaints about user withdrawals do raise concerns. As a result, we would recommend using brokers with better ratings listed below.


Is Golden Capital FX A Scam?

There are some reviews by customers claiming that it is difficult to withdraw funds from GCFX accounts. This paired with limited background information and weak regulatory oversight means traders may want to consider alternative brokers.

Is Golden Capital FX Legit?

Capital Golden FX has negative user reviews and opinions and does not hold a license with a top-tier financial regulator. As a result, we would recommend caution before opening a live account.

Can I Trade Options With Golden Capital FX?

Options trading is not available at Golden Capital FX. Clients can trade forex, commodities, and indices only.

Is Golden Capital FX Halal?

Golden Capital FX does not offer a halal trading account and doesn’t offer any explicitly halal stocks or indices.

Does Golden Capital FX Have A Mobile App?

No, Golden Capital FX does not have a proprietary mobile app, but MT4 is available to download to mobile devices.

Does Golden Capital FX Have A WebTrader?

Yes, GCFX customers can open the MT4 WebTrader. The browser-based terminal is available on the broker’s website.

Is Golden Capital FX A Good Broker?

Golden Capital FX is not a top-rated broker. There is a relatively short list of tradable instruments and concerns about clients receiving their profits. See our list of alternative trading firms below.

Top 3 Alternatives to Golden Capital FX

Compare Golden Capital FX with the top 3 similar brokers that accept traders from your location.

  1. IG – Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand offers spread betting, CFD and forex trading across an almost unrivalled selection of 17,000+ markets, with a range of user-friendly platforms and investing apps. For 50 years, IG has maintained its position as an industry leader, excelling in all key areas for traders.
    Go to IG
  2. AvaTrade – AvaTrade is a leading forex and CFD broker, established in 2006 and regulated across 9 jurisdictions. Over 400,000 users have signed up with the broker which processes over 2 million trades each month. The firm offers multiple trading platforms, including MT4, MT5, and a proprietary WebTrader. 1250+ financial instruments are available for day trading, from CFDs to AvaOptions and now AvaFutures, alongside a comprehensive education center and multilingual customer support.
    Go to AvaTrade
  3. Pepperstone – Established in Australia in 2010, Pepperstone is a top-rated forex and CFD broker with over 400,000 clients worldwide. It offers access to 1,300+ instruments on leading platforms MT4, MT5, cTrader and TradingView, maintaining low, transparent fees. Pepperstone is also regulated by trusted authorities like the FCA, ASIC, and CySEC, ensuring a secure environment for day traders at all levels.
    Go to Pepperstone

Golden Capital FX Comparison Table

Compare Golden Capital FX With Similar Brokers
Golden Capital FX IG AvaTrade Pepperstone
Rating 1.5 4.4 4.9 4.8
Markets Forex, Indices, Metals, Energies CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto, Spread Betting
Demo Account Yes Yes Yes Yes
Minimum Deposit $100 $0 $0
Minimum Trade 0.01 Lots 0.01 Lots 0.01 Lots 0.01 Lots
Bonus Cashback
Education No Yes Yes Yes
Platforms MT4 Web, ProRealTime, L2 Dealer, MT4, AutoChartist, TradingCentral WebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade MT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade
Leverage 1:500 1:30 (Retail), 1:250 (Pro) 1:30 (Retail) 1:400 (Pro) 1:30 (Retail), 1:500 (Pro)
Payment Methods 5 6 13 11
Visit Visit Visit Visit Visit
Review IG

Compare Trading Instruments

Compare the markets and instruments offered by Golden Capital FX and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

Compare Golden Capital FX Trading Instruments
Golden Capital FX IG AvaTrade Pepperstone
CFD Yes Yes Yes Yes
Forex Yes Yes Yes Yes
Stocks Yes Yes Yes Yes
Commodities Yes Yes Yes Yes
Oil Yes Yes Yes Yes
Gold Yes Yes Yes Yes
Copper No Yes Yes Yes
Silver Yes Yes Yes Yes
Corn No No Yes Yes
Crypto No Yes Yes Yes
Futures No Yes Yes No
Options No Yes Yes No
ETFs No Yes Yes Yes
Bonds No Yes Yes No
Warrants No Yes No No
Spreadbetting No Yes Yes Yes
Volatility Index No Yes Yes Yes

Golden Capital FX vs Other Brokers

Compare Golden Capital FX with any other broker by selecting the other broker below.


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Golden Capital FX offers multi-asset trading using an STP execution model.