Overview
Golden Option is a trading company based in Canada, founded in 2020. Operating as an unregulated entity, it offers two funding models: Express and Standard. Traders have access to popular trading platforms like MetaTrader 4 (MT4), MetaTrader 5 (MT5), and TradingView, enabling them to trade a diverse range of assets including forex currency pairs, cryptocurrencies, stock market indices, commodities, and individual stocks. Customer support is available via email at goldenoptiontrading@outlook.com, while payment methods include support for cryptocurrency deposits, allowing users to fund their accounts using digital assets.
Regulation
Golden Option operates as an unregulated broker, meaning it doesn't fall under the oversight of any financial regulatory authority. This lack of regulation exposes investors to potential risks as there are no mandated standards or protections in place. Before engaging with Golden Option or any unregulated broker, individuals should thoroughly research and consider the potential consequences.
Pros and Cons
Golden Option offers a range of advantages and disadvantages for traders to consider. While it provides a diverse selection of trading products, flexible funding models, and user-friendly trading platforms, it operates as an unregulated broker, which may expose investors to potential risks. Additionally, while it supports cryptocurrency payments, customer support may be lacking in responsiveness and effectiveness.
In summary, Golden Option offers traders a range of benefits, including a diverse selection of trading products, flexible funding models, and user-friendly trading platforms. However, it's essential to consider the potential risks associated with trading on an unregulated platform and the potential limitations of customer support.
Market Instruments
Golden Option provides a comprehensive selection of trading products, encompassing:
Foreign Exchange (FX): Currency pairs from major, minor, and exotic markets.
Cryptocurrencies: Digital currencies including Bitcoin, Ethereum, and others.
Stock Market Indices: Indices tracking the performance of specific sectors or markets like the S&P 500, FTSE 100, and NASDAQ.
Commodities: Tradable assets such as gold, silver, oil, and agricultural products.
Individual Stocks: Shares of publicly traded companies across various industries and global markets.
This diverse range of assets enables traders to access opportunities in forex, cryptocurrency, stock indices, commodities, and individual equities, facilitating portfolio diversification and trading flexibility. However, traders should exercise caution due to the lack of regulation associated with Golden Option.
Funding Models
Golden Option offers two distinct funding models designed to accommodate traders' preferences and trading styles:
1-Step Evaluation Model (Express):
Reward: Traders earn a 5% profit reward even during the assessment phase.
Funding Transition: Upon hitting the profit target, traders begin trading on a funded account provided by Golden Option, with a profit split of 90%. This percentage can increase up to 100% based on the trader's performance.
Objective: Traders aim to achieve a profit target of 10% with no specified time limit during the assessment phase.
2-Step Evaluation Model (Standard):
Reward: Traders receive a 5% profit reward throughout the evaluation process.
Funding Transition: Upon successfully completing both evaluation phases and reaching the profit targets, traders transition to trading on a funded account with a profit split of 90%. Similar to the Express model, the profit split percentage can increase up to 100% based on the trader's performance.
Objective: Traders undergo a two-phase evaluation process with realistic profit targets.
Both models provide traders with the opportunity to prove their trading skills and transition to trading on a funded account with a high profit split. The choice between the Express and Standard models depends on traders' preferences for the assessment process, with the Express model offering a single profit target and the Standard model involving a two-phase evaluation process.
Deposit & Withdrawal
Golden Option facilitates trading in Bitcoin (BTC) and other cryptocurrencies, offering them as both trading assets and payment methods. Users have the option to deposit funds into their Golden Option trading accounts using various cryptocurrencies, including Bitcoin and other popular digital assets. This allows for seamless integration of cryptocurrency trading within the platform, catering to the preferences of users who prefer to trade and transact using digital currencies. Additionally, by supporting cryptocurrency payments, Golden Option provides its clients with flexibility and accessibility in managing their trading activities, aligning with the growing adoption of cryptocurrencies in the financial industry.
Trading Platforms
Golden Option provides traders with a choice of three user-friendly platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), and TradingView.
MetaTrader 4 (MT4):
Features: Known for its simplicity and advanced charting tools, MT4 offers automated trading and access to various markets like forex, commodities, indices, and cryptocurrencies.
Compatibility: Available on desktop, web, and mobile devices, allowing traders to access their accounts from anywhere.
MetaTrader 5 (MT5):
Features: Offers enhancements over MT4, including advanced order types and a broader range of tradable assets.
Compatibility: Like MT4, it's accessible across desktop, web, and mobile platforms.
TradingView:
Features: A web-based platform with intuitive charting tools and a social community for sharing trading ideas.
Compatibility: Accessible via web browsers on desktop and mobile devices.
These platforms cater to traders of all skill levels, providing them with the necessary tools and flexibility to trade effectively across various markets.
Customer Support
The email address “goldenoptiontrading@outlook.com” appears to serve as a primary contact point for customer support with Golden Option trading. However, users might find the customer support experience lacking in various aspects. Responses to inquiries may be slow or inconsistent, leading to frustration and dissatisfaction among customers. Additionally, the support provided via email might be generic and unhelpful, failing to address the specific concerns or questions raised by users. Customers might also encounter difficulties in reaching a resolution for their issues, further exacerbating their dissatisfaction with the support offered by Golden Option. Overall, the customer support experience through this email address might leave much to be desired, potentially impacting users' trust and confidence in the trading platform.
Conclusion
In conclusion, Golden Option offers a diverse range of trading products and funding models, catering to traders with various preferences and trading styles. However, it's important to note that Golden Option operates as an unregulated broker, which may expose investors to potential risks due to the lack of oversight and protections. Additionally, while the platform supports cryptocurrency payments and provides access to user-friendly trading platforms, customer support may be lacking in responsiveness and effectiveness. Traders should carefully consider these factors and conduct thorough research before engaging with Golden Option or any unregulated broker to mitigate potential risks and make informed trading decisions.
FAQs
Q1: What financial products does Golden Option offer？
A1: Golden Option provides access to forex currency pairs, cryptocurrencies, stock market indices, commodities, and individual stocks.
Q2: Are there any regulatory bodies overseeing Golden Option？
A2: No, Golden Option operates as an unregulated broker, meaning it does not fall under the oversight of any financial regulatory authority.
Q3: What funding models does Golden Option offer for traders？
A3: Golden Option offers two funding models: the 1-Step Evaluation Model (Express) and the 2-Step Evaluation Model (Standard), each with different profit targets and evaluation processes.
Q4: How can I deposit funds into my Golden Option trading account？
A4: Golden Option supports cryptocurrency deposits, allowing users to fund their accounts using Bitcoin (BTC) and other digital assets.
Q5: What trading platforms are available on Golden Option？
A5: Golden Option offers traders a choice of user-friendly platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and TradingView, catering to various trading preferences and styles.
Risk Warning
Online trading carries substantial risk, potentially leading to the total loss of invested funds. It may not be appropriate for all traders or investors. It's crucial to fully comprehend the associated risks before engaging in trading activities. Additionally, the content of this review is subject to change, reflecting updates in the company's services and policies. The review's creation date is also relevant, as information could have become outdated. Readers should confirm the latest information with the company prior to making any investment decisions. The responsibility for utilizing the information provided herein lies exclusively with the reader.
