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Overview

The Goldboro Company was founded in 2005 by a group of like-minded people who were high-level specialists in the field of finance. At the initial stage, the company was developing trading strategies, Forex expert advisors, searching for investors and profitable allocation of their finances on the global markets. But in 2010, the Goldboro changed main activities and retrained in a brokerage company.

Providing customers from all over the world with high-quality brokerage services, Goldboro purposefully develops on its website investments in the foreign exchange market, i.e. it searches for traders who may in the future become the managers, and customers who are willing to transfer their funds to the management of the most successful of them. In this regard, the broker holds a contest that allows carrying out a quality selection of traders according to certain criteria, who are able to take responsibility for the finances of investors, and earn on the Forex market.

Bonuses

Goldboro does not give customers Forex bonuses for making a deposit, but it holds several contests, which provide traders with the opportunity to win cash prizes.

The contest Dream Team is held by the broker regularly, and is divided into three stages.

The first stage takes place on demo accounts, and all participants receive the startup capital of $1,000. According to the rules, trading currency pairs with the leverage of 1:100 is allowed, and the maximum transaction size may not exceed 0.05 lots. The duration of this stage is 2 months.

Winners are determined at the end of the stage according to the following parameters:

- obtained profits

- strategy that is used for trading

- how precisely participants follow the chosen strategy.

Participants who are selected according the above-mentioned parameters are allowed to participate in the second stage.

The second stage of the contest is held on real accounts. Broker accrues on real accounts $1,000 to all traders participating in the second stage. Trading rules in the second phase does not differ from the first one. At the end of the stage, traders are determined, who pass to the third stage. Parameters remain the same as at the first stage. Participants who have had negative profit for at least one month are not allowed to the third stage. In this case, they are either eliminated from the contest, or return to the first stage. It is decided by the employees of the broker, who are responsible for holding the contest. Anyway, traders who have received a profit at the second stage can withdraw it without any restrictions.

The third stage is the allocation of the broker's finances on the accounts of contestants, which sum is determined independently on the basis of earnings at the first two stages. Besides, Goldboro places information about the contestants on its site, thus attracting investors on their accounts.

The contest on real accounts is year-round, and it is open to all customers of the broker. It is enough to indicate the account number to sign up for the contest, and then the client becomes its participant. Results of the contest are summarized each quarter and at the end of the year. Winners are determined by the profitability index.

Three participants receive good Forex bonuses on their accounts based on the results of the quarter.

Calculation of Forex bonuses for the winners in the quarter:

- the 1st place - number of closed lots*$0.10

- the 2nd place - number of closed lots*$0.06

- the 3rd place - number of closed lots*$0.04.

Number of closed lots is the number of lots that are closed by all the contestants for the whole contest.

Calculation of Forex bonuses for the winners based on the results of the year:

- the 1st place - number of closed lots*$0.05

- the 2nd place - number of closed lots*$0.03

- the 3rd place - number of closed lots*$0.01.

When calculating the sum of Forex bonuses, it is necessary to take into consideration a number of all lots for the year, closed by all traders who participate in the contest.

Training

Nowadays the official website of the Goldboro does not offer materials for the study of speculative trading on the international currency market.

Novice traders may use only demo accounts. Demo accounts have been created for the study of Internet trading from the practical point of view, i.e. carrying out trading currency pairs using real foreign exchange rates, but with virtual dollars. It allows beginners to learn how to conduct foreign exchange trading without risking their own finances.

Terms of trading

Goldboro offers the following trading conditions for traders:

- the foreign currency account (the base currency)

- the minimum deposit is $

- the leverage is from 1:100 to 1:1,000

- a lot of currency pairs, gold and silver

- the minimum lot size is 0.01

- spread is floating from 0.7 points

- annual interest rate on idle funds is 12%.

MetaTrader 4

- multi-language support

- order execution - Instant Execution

- embedded Forex indicators

- download of new technical indicators

- installation of new Forex expert advisors via MetaQuotes Language 4

- quotes export and import

- chart printing.

Goldboro offers customers several types of trading accounts for operations:

- Extra

- Extreme

- Standard

- Expert.

Trading account Extra:

- the minimum deposit is $50

- the maximum deposit is not limited

- the leverage is from 1:500

- stop out is 80%

- margin call is 500%

- the maximum transaction size is not limited

- commission fee is $8 per lot.

Trading account Extreme:

- the minimum deposit is $50

- the maximum deposit is $500

- the leverage is 1:1,000

- stop out is 100%

- margin call is 1000%

- the maximum transaction size is 20 lots

- commission fee is $10 per lot.

Trading account Standard:

- the minimum deposit is $500

- the maximum deposit is not limited

- the leverage is from 1:1 to 1:100

- stop out is 30%

- margin call is 100%

- the maximum transaction size is not limited

- commission fee is $6 per lot.

Trading account Expert:

- the minimum deposit is $10,000

- the maximum deposit is not limited

- the leverage is from 1:200

- stop out is 30%

- margin call is 100%

- the maximum transaction size is not limited

- commission fee is $6 per lot.

Forex indicators (recommended)

- HMA_histogram (HMA)

- Anchored Momentum

- Schaff Trend Cycle

- Coppock

- Accumulation Swing Index.

Forex expert advisors (recommended)

- Forex Remover (an automated Forex expert advisor that uses for trading the moving average, Bollinger Bands and ATR, and, as experience shows, it allows this advisor to make a good profit on the Forex market, operating in the time frame M30)

- FxOriginal (an automated Forex expert advisor that operates using the well-known Martingale method, i.e. increasing a lot after each transaction closed with a loss, and it has shown good results in trading various currency pairs on the market)

- Shocker 2.0 (an automated Forex expert advisor that is fairly good scalper, showing good results while trading in the time frame M15).

Investments

Goldboro is primarily positioning itself as a broker that allows managers and investors to find each other. Therefore, rankings of managers are regularly published on its website. These rankings are determined by the profitability of their operations. A small refresher "How to become an investor" is given to investors, so after its studying, they will be able to distribute correctly their finances on accounts of managers. Distribution of profits, earned by managers, has several types: 70/30, 60/40, 50/50. Where the first number is a percentage that is taken by the investor, and the second one is a percentage that goes to the manager.

Unique features

Company Goldboro Invest & Trade S.A. offers really a unique service that can not be found in any other broker of the world.

This service is called Forex 911.

According to this service, the broker allows traders who have lost their funds in speculative trading on the foreign exchange market to return them, no matter where the account is opened.

If customers have lost money while trading in accounts of the Goldboro, the minimum amount for the return should not be less than $500.

If traders have traded with another broker, the minimum amount for the return comprises $1,000.

This service is provided by the broker for a fee, which is equal to 10% of the amount that is necessary to return.

It is required to sign a contract of the offer with the broker to obtain this service in full. The contract is available for all traders on the site of the Goldboro. If a customer is satisfied with all contract clauses, he should send an application form to employees of the broker, and fund an account, where finances have been lost in the amount of not less than 10% of the volume, required to be returned. The higher is the amount transferred to the deposit, the faster will be restored the account balance. As soon as the sum is completely restored, the trader will have the right to withdraw it, but according to the contract conditions 50% of it should be given to the broker for operations. Broker returns finances transferred by the trader on his account after three months.

Goldboro also enables its customers to earn on the Forex market without any risk by participating in its affiliate program. The program has several completely different directions, but their main purpose is an attraction of new customers. Broker agrees to pay a monthly fee to partners from the trade turnover of customers whom they have invited. Commission fees depend directly on the number of customers and their trade turnover.

Add/withdraw funds

Goldboro provides several ways for depositing and withdrawal of funds from accounts: Perfect Money, Sirixsafe, Okpay, Payboutique, Wallet One, MasterCard and Visa.

Contacts

Goldboro provides 24 hours a day support to its traders via e-mail [email protected] and by phone +44 (0) 1316080169 and 8-800-250-70-05.

Cons and pros

+ the famous European broker

+ the minimum deposit is $50

+ small spread

+ good leverage

+ contests for traders

- no online training

- no Forex bonuses.

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