Spring Gold Review

About Spring Gold

Spring Gold (also referred to as Spring Gold Market) presents no records indicating authorization from recognized regulators such as the Hong Kong Securities and Futures Commission or the Australian Securities & Investments Commission (ASIC). Searches of the HK SFC registry returned no matching entries, and ASIC flagged Spring Gold as an unlicensed entity offering financial services without approval, specifically listing it among non‑regulated firms as of May 1, 2024 ().

Sales materials cite ASIC licence number 001295686 linked to an “Appointed Representative (AR)” status, and mention other ASIC registrations (e.g. 664 218 393, 545560) with claims of “straight-through processing (STP)”, but independent regulatory databases show these details are unverified or potentially cloned. The licence information lacks confirmation within ASIC’s official registry, raising concerns over legitimacy ().

The broker states support for asset classes including Forex, indices, shares, commodities, and cryptocurrencies, accessible via MetaTrader 4 (MT4) with both ECN and standard account types. Minimum deposits are cited as US $100 or US $200 depending on source, with ECN spreads starting from zero and commissions from US $3 per lot; leverage offerings go up to 1:200 for retail clients and up to 1:500 for professionals ().

Pros and cons

Pros

• Supports MetaTrader 4 platform
• Offers ECN accounts with spreads from 0 pips and commission from US $3 per lot
• High leverage up to 1:500 for professional clients
• Multiple asset classes: Forex, indices, shares, commodities, cryptocurrencies

Cons

• No confirmed regulatory authorization from ASIC or HK SFC
• Regulator warnings and listings among unregulated entities
• Regulatory licence numbers appear unverifiable or suspected to be clones
• Conflicting information on minimum deposit thresholds (US $100 vs US $200)
• Lack of publicly available information on fund protection, deposit/withdrawal methods