Goldstein Brokers

Editorial Rating:
3.00
Accept US Traders:
No

GoldsteinBrokers.com

Despite launching their Forex product in the midst of an economic slump, the Goldstein Group has managed to create a thriving platform thanks to its strong foundations in the financial world. Indeed, since Goldstein Brokers came into existence in 2010 it has become a renowned discount broker.

Trading a number of instruments, including gold, CFDs and Forex, Goldstein Brokers works on a non dealing desk basis which means users are given the tightest spreads possible. Indeed, through its offices in the UK, Malta and Hungary, this broker is able to serve thousands of global customers through its online platform.

GoldsteinBrokers.com’s Special FX:

One of the most attractive features of Goldstein Brokers’ online brokerage is its portfolio builder. Designed to make it easy for aspiring traders to quickly and effortlessly build up a successful portfolio of investments, the feature is free to use and doesn’t require the user to purchase a robot.

Although this facility is available for all Goldstein’s tradable instruments, foreign exchange investors will be most interested in FX Queen. This option automatically copies trades from a team of professional investors and places it on the users account. To ensure that the user isn’t exposed to a risk that’s more than they are able to accept each investment is scaled down to meet their requirements.

In order to qualify for this free service all a user has to do is deposit at least €500. That’s it. Regardless of whether they’ve traded FX before or not, the portfolio builder gives users the ability to stand on the shoulders of giants and make money without too much effort.

The Essentials:

In order to ensure a robust overall product, Goldstein Brokers has designed its accounts around the MetaTrader 4 platform. Acting as the virtual gateway between traders and the live Forex market, MetaTrader 4 is recognised as the industry’s top platform and suitable for traders of all levels.

To complement the benefits of MetaTrader 4, Goldstein Brokers offers the following FX accounts:

Micro:
Minimum account size = $100
Minimum position size = 0.01 lot
Fixed spreads from 3 pips on major currency pairs.
Scalping and Expert Advisors are allowed.
Leverage = 1:400
Digits quoted after the comma = 5
Margin call level = 120%
Stop-out level = 95%
Minimum distance to stop/limit orders = 2 pips
Number of currency pairs = 74

Light:
Minimum account size = $1,500
Minimum position size = 0.01 lot
Fixed spreads from 2 pips on major currency pairs.
Scalping and Expert Advisors are allowed.
Leverage = 1:200
Digits quoted after the comma = 5
Margin call level = 120%
Stop-out level = 95%
Minimum distance to stop/limit orders = 2 pips
Number of currency pairs = 74

Standard:

Minimum account size = $10,000
Minimum position size = 0.01 lot
Fixed spreads from 1.5 pips on major currency pairs.
Scalping and Expert Advisors are allowed.
Leverage = 1:100
Digits quoted after the comma = 5
Margin call level = 120%
Stop-out level = 95%
Minimum distance to stop/limit orders = 2 pips
Number of currency pairs = 74

Professional:
Minimum account size = $100,000
Minimum position size = 0.01 lot
Fixed spreads from 1.2 pips on major currency pairs.
Scalping and Expert Advisors are allowed.
Leverage = 1:100
Digits quoted after the comma = 5
Margin call level = 120%
Stop-out level = 95%
Minimum distance to stop/limit orders = 2 pips
Number of currency pairs = 74

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This means advertised prices may not be accurate and could differ from the actual market conditions. For this reason it is not appropriate to rely on any data presented by fxBrokerSearch.com for the purposes of trading.

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