Spring Gold Market

Spring Gold Market, whose full legal name is Spring Gold Market Limited, is a foreign exchange broker registered in Australia in 2022. The company's official website is springgold.net. According to our records, it was established on 4 May 2022 and is registered in Australia, though its registered address is located in Hong Kong at Unit B 27/F, Billion Plaza 2, 10 Cheung Yue Street, Cheung Sha Wan, Kowloon.

Our records indicate that Spring Gold Market holds one licence from the Australian Securities and Investments Commission (ASIC) for 'Inst Forex Execution (STP)' under licence number 545560. The status of this licence is not specified in our records. The company description states that it aims to provide customers with a variety of tradable financial instruments through the MetaTrader 4 (MT4) platform, with leverage of up to 1:400 and 24/5 customer support.

Spring Gold Market is listed as regulated by ASIC, with one licence on file. The licence number is 545560, and it covers 'Inst Forex Execution (STP)'. This suggests the broker operates as a straight-through-processing (STP) model, passing client orders directly to liquidity providers. However, the status of this licence is not published in our records, and we could not verify its current validity from independent public sources.

It is important to note that our records do not include the licence number's status, and we have not been able to confirm the regulatory standing through public registers. Traders should exercise caution and verify the licence directly with ASIC before engaging with the broker.

According to the company description, Spring Gold Market offers trading through the MetaTrader 4 (MT4) platform. MT4 is a widely used trading platform known for its charting tools, automated trading capabilities, and user-friendly interface. The broker claims to provide a variety of tradable financial instruments, though the specific asset classes are not detailed in our records.

Leverage is stated to be up to 1:400, which is relatively high and typical of retail forex brokers. The broker also claims to offer customer support 24 hours a day, 5 days a week, aligning with standard forex market hours.

Our records do not contain specific information about the account types, minimum deposit requirements, or funding methods offered by Spring Gold Market. The company description does not mention these details. As such, we cannot provide a breakdown of account tiers or payment options.

Traders interested in this broker would need to visit the official website or contact the broker directly to obtain this information. However, given the limited public information available, we advise caution and thorough due diligence.

Spring Gold Market Limited was founded on 4 May 2022, making it a relatively new entrant in the forex brokerage space. The company is registered in Australia, but its registered address is in Hong Kong. This cross-border setup is not uncommon but may raise questions about the actual operational base and regulatory oversight.

Our records show that the company has 0 employees on file, which could be a red flag, as it suggests a very small operation or possibly a shell entity. Additionally, our risk assessment has flagged that there is no verifiable website or social-media presence, which further complicates independent verification.

FXCanary's Scam Risk Score for Spring Gold Market is 40 out of 100, which we classify as 'Guarded'. This score indicates a moderate level of risk. The primary risk flag is the lack of a verifiable website or social-media presence, which makes it difficult to confirm the broker's legitimacy or operational history.

We also note that one clone or impersonator site has been found, which is a common tactic used by fraudulent entities to deceive traders. This adds to the cautionary picture. While the broker holds an ASIC licence number, the status is not confirmed, and the overall lack of transparency warrants careful consideration before any investment.