GoodTrade Capital LLC is a Contract for Difference (CFD) broker established in 2022, headquartered in New South Wales, Australia, with operations in Saint Vincent and the Grenadines. The broker primarily offers CFD trading services for forex, indices, commodities, and more. The official website for this broker is https://goodtrade.io/, and it supports the English language. GoodTrade Capital LLC does not provide services to the United States or jurisdictions under legal restrictions.
Company Background:
GoodTrade Capital LLC was registered in Saint Vincent and the Grenadines in 2022 with an enterprise number of 2074 LLC 2022. The actual office address is 5,321 New South Head Road, Double Bay, NSW, 2028, Australia. According to Whois records, the broker's official website domain was registered on February 8, 2022.
Regulatory Information:
GoodTrade Capital LLC is not regulated by any regulatory authority. This lack of regulation may pose higher risks in terms of asset safety, investor protection, and risk mitigation compared to regulated brokers. Investors should exercise caution when considering the services of this broker to safeguard their financial interests.
Trading Products:
GoodTrade Capital LLC provides a variety of financial instruments for user trading, including:
Forex: GoodTrade Capital LLC offers opportunities to trade various currency pairs in the forex market through CFDs. Forex CFDs enable investors to speculate on price movements between one currency and another. Examples of available currency pairs include EUR/USD, GBP/USD, and USD/JPY, among others.
Commodities: Commodity CFDs allow investors to potentially profit from price fluctuations in commodities like crude oil, copper, and iron ore, without physically owning the underlying assets.
Indices: GoodTrade Capital LLC provides index CFDs representing the performance of specific groups of stocks in certain markets.
These products not only provide opportunities for investors to access different financial markets but also enable them to manage risk through diversified portfolios.
Account Registration:
GoodTrade Capital LLC's official website does not provide a direct registration portal for real or demo accounts. Investors may need to contact Mintage Pro through phone or email to initiate the account registration process.
Spreads, Leverage, and Account Types:
Information about account types, spreads, leverage, minimum deposits, withdrawal methods, and other details is not disclosed, potentially leading to uncontrolled trading risks for investors.
Trading Platform:
GoodTrade Capital LLC offers the Metatrader 5 (MT5) trading platform for investors. MT5 is widely recognized and popular in the financial industry, known for its advanced trading functionalities and a variety of analytical tools. Through MT5, investors can access real-time market data and use various technical indicators and charting features to analyze market trends.
Customer Support:
Investors can reach GoodTrade Capital LLC's customer support through phone and email. However, the broker does not specify its customer service hours, which may impact the timeliness of customer inquiries and affect the overall user experience.
Summary:
GoodTrade Capital LLC offers users opportunities to trade a range of financial products, along with the popular MT5 platform. However, the broker has not disclosed detailed information about its trading platform, account types, spreads, leverage, margin requirements, and commissions. Additionally, it operates without regulation, potentially posing issues related to asset safety, investor protection, and risk management. As of now, the broker has been marked as "suspected fraud" on TraderKnows, and users should exercise caution when considering their services to protect their financial interests and avoid falling into potential scams.
