Gildencrest Capital Review |
|
| 📅 Year founded |
2011 |
| 📈 Multiple top-tier regulation |
Yes |
| 📍 Headquarters |
London, United Kingdom |
| 🌍 Country of regulation |
United Kingdom / United Arab Emirates |
| ✅ Regulators |
FCA / DFSA |
| 📈 Execution Type |
Market Execution |
| 💰 Minimum Deposit |
$100 USD |
| 🛡️ Negative Balance Protection |
Yes |
| 📉 Trading Platforms |
MetaTrader4 / MetaTrader5 |
| ☪ Islamic account |
No |
| 📉 Trading Instruments |
Forex / Commodities / Indices |
| 📱 Mobile trading |
iOS / Android / Windows |
| 💳 Payment Types Accepted |
Debit and Credit Cards / Bank Wire Transfers / Skrill / Neteller / UnionPay / Sofort |
| 🎮 Demo Account |
Yes |
| ⓒ Copy Trading |
Yes |
| 🎁 Bonus Offer |
No |
| 💰 Account Currencies |
USD / EUR / GBP / PLN |
| 📈 Minimum Trade |
0.01 Lots |
| 📈 Account Types |
STP / ECN |
| 📈 Margin Trading |
Yes |
| 📈 Trading fees |
Low |
| 📈 Inactivity fee |
Unknown |
| 💰 Withdrawal fee |
No |
| ☎ Customer Support |
24/5 |
| 💰 Max. Leverage |
30:1 |
| ✔️ Hedging Allowed |
Yes |
| ✔️ Scalping Allowed |
Yes |
| 💰 Commission |
Dependant on account type |
| 💰 Spreads |
From 0.0 pips |
| 💰 Leverage |
Flexible |
| 💰 Currency Pairs (Total Forex pairs) |
60 + |
| 🔢 Number of clients |
Unknown |
| 🥇 Instruments Offered |
147 |
| 📙 Education |
Glossary / Economic Calendar / Educational Videos |
WHAT IS GILDENCREST CAPITAL?
Gildencrest Capital, previously known as TeraFX, is a globally recognised forex and CFD broker that has rebranded to better align with its expanding suite of financial services and global reach.
With a robust commitment to providing secure, transparent and reliable trading environments, Gildencrest Capital has quickly established itself as a preferred choice among traders worldwide.
The company operates under strict regulatory frameworks, ensuring a high level of investor protection and market integrity.
INTRODUCTION
In the ever-evolving world of forex trading, Gildencrest Capital stands out for its innovative approach to trading and investment services.
Since its rebranding from TeraFX, the company has significantly enhanced its offerings, incorporating cutting-edge technology, a wider range of trading instruments and comprehensive support services to meet the diverse needs of its clientele.
This review delves into the various aspects of Gildencrest Capital, offering insights into its strengths, areas for improvement and overall value proposition.
PROS AND CONS
Pros:
- A wide array of forex pairs are available, over 60.
- Advanced trading platforms that cater to all levels of traders.
- Competitive commissions and fees structure.
- Robust leverage options catering to aggressive and conservative trading strategies.
- Exceptional customer service with 24/5 availability.
Cons:
- Limited availability of promotions and bonuses.
- Not a wide variety of trading instruments on offer.
TRADING INSTRUMENTS
Gildencrest Capital stands out in the financial markets for its selection of trading instruments, more specifically forex pairs, which cater to the diverse needs and interests of its clients.
The brokerage specialises in offering Contract for Differences (CFDs) across a wide variety of asset classes, including forex, commodities and indices.
Forex CFDs
The forex market, known for its high liquidity and 24/5 operating hours, is a central aspect of Gildencrest Capital’s offerings.
Traders have access to a comprehensive range of currency pairs, encompassing major pairs like EUR / USD and GBP / USD, minor pairs such as AUD / NZD and exotic pairs including USD / TRY and EUR / ZAR.
This diversity allows traders to speculate on the value of different currencies worldwide, leveraging the volatility and dynamics of global forex markets for potential gains.
Commodity CFDs
Gildencrest Capital recognises the importance of commodities in the financial markets and offers a robust selection of commodity CFDs.
This includes precious metals like gold and silver, which are often sought after as safe havens during times of economic uncertainty and energy commodities such as crude oil and natural gas, which are crucial to the global economy and subject to wide price fluctuations.
Indices CFDs
For those interested in broader market movements, Gildencrest Capital offers CFDs on some of the world’s leading indices.
This includes the Dow Jones Industrial Average, S&P 500 and NASDAQ from the United States, as well as international indices like the FTSE 100, DAX and Nikkei 225.
Trading indices CFDs enables traders to speculate on the overall direction of stock markets without the need to analyse individual companies, providing a macro approach to trading.
The breadth of trading instruments at Gildencrest Capital is designed to cater to a wide range of trading strategies and preferences.
Whether clients are interested in the fast-paced world of forex, the tangible assets of commodities or the broad movements of indices, the broker provides the tools and platforms necessary for effective speculation and investment.
This diverse selection of CFDs on forex, commodities and indices underscores Gildencrest Capital’s commitment to providing its clients with a comprehensive and flexible trading environment.
By offering such a wide array of instruments, the broker enables traders to explore different markets, apply various trading strategies and potentially capitalise on the myriad of opportunities available in the global financial markets.
TRADING PLATFORMS
Gildencrest Capital elevates the trading experience by offering a suite of advanced and user-friendly trading platforms, designed to cater to the needs of a diverse trader base.
The broker provides access to the industry-leading MetaTrader4 (MT4) and MetaTrader5 (MT5) platforms, renowned for their reliability, advanced charting tools and automated trading capabilities.
MetaTrader 4 (MT4)
MT4 remains the gold standard among trading platforms, renowned for its reliability, comprehensive analytical tools and automated trading capabilities.
Gildencrest Capital offers MT4 due to its popularity and versatility, making it an ideal choice for traders specialising in forex and CFD trading.
Key features include:
- Advanced charting tools and over 30 technical indicators, enabling detailed market analysis.
- Support for automated trading through Expert Advisors (EAs), allowing traders to automate their strategies.
- A user-friendly interface that caters to both novice and experienced traders.
- Real-time market execution and tight spreads, ensuring efficient trading.
MetaTrader 5 (MT5)
As the successor to MT4, MT5 builds upon its predecessor’s strengths while introducing additional functionalities and expanded instrument coverage. Gildencrest Capital provides access to MT5, recognising the platform’s enhanced capabilities.
Notable features include:
- An increased number of technical indicators and graphical objects, facilitating more in-depth market analysis.
- Support for more timeframes and the ability to view market depth, offering a more granular view of market dynamics.
- Advanced order management tools, including additional order types and execution modes.
- Improved strategy tester for EAs, with support for multi-threaded testing and optimisation.
ACCOUNT TYPES
Gildencrest Capital has meticulously designed its account structure to cater to a broad spectrum of traders, from beginners venturing into the financial markets for the first time to seasoned professionals and institutional clients.
The broker’s comprehensive suite of account options includes Starter, Premium, ECN, Pro and Corporate accounts, each tailored to meet specific trading needs and objectives.
This section elaborates on the distinctive features and benefits of each account type, facilitating traders in making an informed decision best suited to their trading style and requirements.
Starter Account
Designed for individuals new to trading or those with limited experience, the Starter account offers a supportive environment to learn and grow.
Key features include:
- Access to 82 trading instruments.
- Competitive spreads and no commission on trades, minimising trading costs for beginners.
- Access to all trading platforms offered by Gildencrest Capital, ensuring a comprehensive trading experience.
Premium Account
The Premium account is tailored for experienced traders who demand more from their trading environment.
It comes with enhanced features such as:
- Reduced spreads compared to the Starter account, providing cost-effective trading conditions.
- Access to 147 trading instruments.
- Access to both MT4 and MT5 with zero commission charged.
ECN Account
The ECN (Electronic Communication Network) account is designed for traders looking for direct access to market liquidity and faster execution.
This account type is characterised by:
- Direct access to interbank market rates, offering the best possible spreads.
- Commission charged at $7 USD per lot.
- Lightning-fast trade execution, suitable for scalpers and high-frequency traders.
- Minimum slippage and no re-quotes, enhancing trade execution and efficiency.
Pro Account
Catering to professional traders who require the utmost quality in trading conditions and support, the Pro account offers:
- Ultra-competitive spreads, including near-zero spreads for major forex pairs.
- Access to leverage tailored to professional standards, allowing for significant market exposure.
- Priority customer support and access to exclusive market insights and strategic advice.
- Commissions are charged on this account depending on the instruments traded.
Corporate Account
The Corporate account is specifically designed for institutional clients and large investors, offering bespoke trading solutions that include:
- Customisable leverage and margin requirements to suit corporate risk management strategies.
- Dedicated account management and support from Gildencrest Capital’s senior team.
- Traders are encouraged to contact the team at Gildencrest Capital to find out more about the Corporate account.
Each account type offered by Gildencrest Capital is crafted to provide traders and institutions with the tools, features and support they need to navigate the complexities of the financial markets effectively.
Whether starting the trading journey, scaling personal trading strategies or managing institutional investments, Gildencrest Capital’s diverse account offerings ensure that every client can find an optimal trading environment tailored to their specific needs.
HOW TO OPEN AN ACCOUNT
Opening an account with Gildencrest Capital is a straightforward process. Prospective traders must complete an online application form, providing personal and financial information and then undergo a verification process to comply with regulatory requirements.
The process is designed to be secure and efficient, with customer support available to assist at every step.
DEMO ACCOUNT
For those new to forex trading or looking to test strategies without financial risk, Gildencrest Capital offers a demo account.
This account mimics real market conditions, providing a valuable learning tool. It’s an excellent way for traders to familiarise themselves with the trading platforms and instruments offered by the broker.
It also provides the opportunity for more experienced traders to test out new strategies before applying them to their real accounts.
SOCIAL TRADING AND COPY TRADING
Gildencrest Capital does not offer its own proprietary social trading system or copy trading platform, however the broker does not prohibit traders form utilising the great copy trading features on the MT4 and MT5 platforms.
These services allow less experienced traders to replicate the trades of more seasoned investors automatically. It’s a fantastic way for novices to learn from experts and for experienced traders to earn additional income by sharing their strategies.
COMMISSIONS AND FEES
Gildencrest Capital is committed to providing its clients with a transparent and competitive pricing structure, ensuring traders can manage their investments effectively without worrying about hidden costs.
The broker’s approach to commissions and fees is designed to cater to a wide range of trading styles and volumes, from casual traders to professional investors and institutional clients.
Trading Commissions
Gildencrest Capital’s commission structure varies depending on the account type a trader opts for. Here’s a breakdown:
- Starter and Premium Accounts: These accounts typically offer commission-free trading for forex and other CFDs, making them an attractive option for new or casual traders. The broker compensates by slightly wider spreads, which are still competitive within the industry.
- ECN and Pro Accounts: For more experienced traders who prefer direct market access, the ECN and Pro accounts involve a commission per trade. However, these accounts benefit from tighter spreads, often starting from near-zero pips for major currency pairs. The commission rates are transparently laid out, allowing traders to calculate their trading costs accurately. Commissions are generally priced at around $7 USD per lot traded.
- Corporate Accounts: Tailored for institutional clients, the commission structure for Corporate accounts is negotiable based on trading volume and market engagement. This bespoke approach ensures that institutional clients can maximise their trading efficiency and cost-effectiveness.
Spread Costs
Spreads are a critical component of trading costs and Gildencrest Capital strives to offer competitive spreads across all its trading instruments. The broker’s spread policy includes:
- Variable Spreads: Spreads vary based on market conditions, account type and the traded instrument. Gildencrest Capital ensures that its spreads are among the most competitive in the market, providing real value to traders.
- Transparency: The broker provides clear information on its typical spreads for each instrument and account type, enabling traders to make informed decisions.
Non-Trading Fees
Understanding the full cost of trading requires considering non-trading fees as well. Gildencrest Capital maintains a fair approach in this area:
- Withdrawal and Deposit Fees: Gildencrest Capital does not charge fees on any of its payment methods, though some external charges by payment processors may apply.
- Inactivity Fees: To encourage active trading accounts, the broker might charge an inactivity fee if an account remains dormant for an extended period. The specifics of this fee, including the duration of inactivity and the amount charged, are not clearly available on the broker’s website.
- Overnight Fees: Also known as swap or rollover fees, these are charged on positions held open overnight. Rates vary by instrument and are subject to change based on market conditions. Gildencrest Capital provides a transparent overview of its swap rates directly on its platform.
LEVERAGE
Gildencrest Capital offers leverage options that cater to various trading strategies and risk appetites.
Leverage levels are flexible, allowing traders to maximize their potential returns while emphasising the importance of managing risk effectively.
The available leverage varies by instrument and account type, and in compliance with regulatory restrictions, the maximum leverage available with this broker is up to 30:1.
WITHDRAWALS AND DEPOSITS
The broker supports a variety of withdrawal and deposit methods, including bank wire transfers, credit / debit cards and several e-wallet options as listed in the table above.
Gildencrest Capital aims to process transactions swiftly, though times can vary depending on the method. The company has implemented measures to ensure the security of funds and financial transactions.
A further key aspect on making withdrawals and deposits with this broker is that no fees are charged on such transactions.
CUSTOMER SERVICE
Gildencrest Capital prides itself on its customer service, offering support through multiple channels, including live chat, email and phone.
The support team is available 24/5, providing timely and helpful assistance to traders worldwide. The broker also offers support in multiple languages, reflecting its global client base.
SAFETY AND SECURITY
Gildencrest Capital places a paramount emphasis on the safety and security of its clients’ funds and personal information, adhering to rigorous standards to ensure a trustworthy trading environment.
The broker’s commitment to regulatory compliance and the implementation of advanced security measures is central to its operation.
Regulatory Oversight
Gildencrest Capital operates under the strict oversight of several leading financial regulatory bodies, each known for its stringent standards and protective measures in favour of investors. These include:
- Financial Conduct Authority (FCA) in the United Kingdom: Known for its rigorous regulatory framework, the FCA ensures that Gildencrest Capital adheres to the highest standards of operation, including client fund protection, financial reporting and market conduct.
- Dubai Financial Services Authority (DFSA) in the United Arab Emirates: known for its strict regulatory standards and high level of transparency.
Client Fund Protection
Gildencrest Capital employs several measures to safeguard client funds, including:
- Segregation of Funds: Client funds are kept in separate accounts from the company’s operational funds at top-tier banks. This segregation ensures that client funds cannot be used for any other purpose, such as company expenses or investments, providing an additional layer of security.
- Participation in Compensation Schemes: Due to their regulation by the FCA, Gildencrest Capital is part of the Financial Services Compensation Scheme (FSCS), an investor compensation schemes which offers protection to clients up to GBP 85 000 in the unlikely event of the broker’s insolvency.
Advanced Security Measures
To protect personal and financial information, Gildencrest Capital incorporates the latest in cybersecurity technology:
- SSL Encryption: The broker’s platforms use SSL (Secure Socket Layer) encryption to ensure that all data transmitted between the client’s device and the broker’s servers is securely encrypted, protecting against data breaches and unauthorised access.
- Two-Factor Authentication (2FA): Gildencrest Capital offers, and in some cases requires, 2FA for accessing trading accounts, providing an additional layer of security beyond just username and password.
- Regular Audits: The broker undergoes regular financial and operational audits conducted by independent third parties to ensure compliance with regulatory standards and the integrity of financial reporting.
PROMOTIONS
While Gildencrest Capital occasionally offers promotions and bonuses, these are relatively limited compared to some competitors.
Promotions, when available, are designed to enhance the trading experience and are subject to terms and conditions to ensure compliance with regulatory standards.
Currently, the broker is not running any promotions but traders are encouraged to check the broker’s website regularly to see if that has changed.
RESEARCH
The broker provides a limited range of research tools and resources, including economic calendars and the various research and analysis tools available on the MT4 and MT5 platforms.
These resources are designed to help traders make informed decisions by staying abreast of market trends and important economic events.
EDUCATION
Gildencrest Capital underwhelms slightly when it comes to their education offering, considering the great service they provide elsewhere.
The broker offers its clients a glossary and various educational videos but this is certainly an area where we would love to see the broker improve.
GLOBAL AWARDS
It is unclear whether or not this broker has received any awards to date, even before its rebrand as TeraFX. However, just because we could not find any awards, it does not mean the broker has not won any.
Now, with its rebrand to Gildencrest Capital, the broker is moving in a new direction and we are sure that they will be amongst the most prestigious award-winning brokers soon.
SAFE OR SCAM?
With its stringent regulatory compliance, transparent operations and positive customer feedback, Gildencrest Capital is considered a safe and reliable broker. The company’s efforts to maintain high standards of security and fairness further dispel concerns of it being a scam.
Gildencrest Capital maintains a high level of transparency in its operations, regularly publishing financial statements and audit results. This openness about its operations builds trust with clients and reinforces its reputation as a secure and reliable broker.
The regulatory oversight by reputable authorities, combined with Gildencrest Capital’s adherence to strict safety protocols and its commitment to transparency, ensures that clients are provided with a secure and reliable trading environment.
These measures not only comply with legal requirements but also demonstrate Gildencrest Capital’s dedication to safeguarding its clients’ interests, making it a trusted partner in the financial markets.
CONCLUSION
Gildencrest Capital has established itself as a reputable and trustworthy broker in the forex industry. With its comprehensive range of services, competitive conditions and strong regulatory framework, it offers a solid trading environment for both novice and experienced traders.
While there are areas for improvement, such as the expansion of promotional and educational offers, the company’s strengths in technology, support and security make it a great choice for those looking to navigate the forex markets and is highly recommended by the team at Brokersuggest.com.
