Goldstackers is a prominent broker known for its robust trading solutions and comprehensive market access. Established in 2003 and headquartered in Melbourne, Australia, this broker is highly regarded in the Australian trading community and operates under strict regulations set by the Australian Securities and Investments Commission (ASIC). This review will delve into various aspects of Goldstackers, providing potential traders with reliable information to help them make informed decisions.
Overview of Goldstackers
Goldstackers offers a range of trading products, including Forex, CFDs, and cryptocurrencies, making it an attractive choice for traders interested in diversifying their portfolios. With a commendable broker judge score of 8.5 out of 10, Goldstackers is committed to delivering a user-friendly experience enriched with multi-asset trading capabilities.
Trading Platforms
Goldstackers utilizes a web-based platform alongside a mobile application that ensures continuous access to the market. These platforms are equipped with advanced trading tools and resources, providing traders with everything they need to execute informed trades efficiently.
Account Types & Minimum Requirements
This broker caters to a broad spectrum of traders by offering three account types: Standard, Gold, and Platinum. With a minimum deposit of 100 AUD, Goldstackers allows retail investors to start trading with ease. The broker also offers competitive leverage of up to 1:500 and a minimum trade size of 0.01 lots.
Customer Support
Goldstackers prides itself on excellent customer service, available 24/7 via multiple channels. Traders can reach out for assistance via phone, email, or live chat, ensuring their queries are resolved promptly and efficiently.
Pros and Cons
| Pros | Cons |
|---|---|
| Regulated by ASIC | Not available in USA, Canada, Japan |
| Competitive spreads starting at 0.2 pips | Retail investor losses at 70% |
| Diverse range of account types | Inactivity fees after 6 months |
| Extensive educational resources | Limited cryptocurrencies compared to some brokers |
Trading Conditions
Goldstackers offers a minimum spread of 0.2 pips, competitive swap fees, and a commission structure that starts from $7 per lot. The broker imposes a margin call at 100% and a stop out level at 80%, allowing traders to maintain control over their investments.
Deposit and Withdrawal Methods
Traders can deposit funds via Bank Transfer, Credit Card, or PayPal, while withdrawals can be processed using Bank Transfer or Credit Card. Notably, there are no withdrawal fees for bank transfers, making it economical for traders to access their funds. Additionally, Goldstackers offers a welcome bonus of 20% on the initial deposit.
Trading Strategies and Features
Goldstackers supports various trading strategies, including scalping, hedging, and news trading, thereby catering to both novice and experienced traders. Features such as MAM, PAMM, and copy trading are also available, providing innovative options for portfolio management.
Education and Resources
The broker offers extensive educational resources, including webinars, tutorials, and e-books, designed to help traders develop their skills and strategies. Such resources not only enhance traders’ knowledge but also empower them to make well-informed trading decisions.
Conclusion
Overall, Goldstackers stands out as a reliable broker with a suite of attractive trading conditions, extensive support, and educational offerings. With a clear regulatory framework and a diverse range of products at your fingertips, Goldstackers should be strongly considered by traders looking to enhance their trading experience in 2023.
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