Golden Brokers is a broker that allows traders to invest in more than 700+ instruments anywhere at any time. However, do not be so quick to make any investment deposit yet, and they expose numerous scum traits. Hence in this unbiased review, we highlight some of the red flags golden brokers.my showcase. There a lot of factors that expert investors within the trading niche consider before investing.
However, you can consider investing with legit forex brokers that show transparency in their styles of operation. Also, trading is not child’s play, and blindly trading will attract blind results meaning no profits. Investors can open live trading accounts or choose the demo account and familiarize themselves with the software. We would recommend that you stick to the demo account until they make further updates.
To use the platform, you can use the web trader or download the app. They also assure traders of 24/5 support on any platform-related queries. The sales page is poorly done, and a lot of relevant data has been left out, raising more doubts about the services they assure traders. They claim to offer traders software that is dedicated to meet all their trade needs. However, the kind of algorithm Golden Brokers uses is unknown, and you risk trusting the wrong software.
Golden Brokers Review
Golden Brokers fails terribly on transparency and is probably the reason we cannot recommend them. The founders of this shady broker are unknown. They do not mention any qualifications. Therefore, your funds are at risk, but investing with Golden Brokers also puts your personal data at risk. Thus you also may end up dealing with criminals who may not have any knowledge of the trade.
They claim to combine an award-winning technology that helps in reaching the world’s largest liquid markets. The kind of award the software won is unknown; hence the same statement may have been made up to lure you the deposit. Golden Brokers brags about providing traders with a wide range of trading instruments, and you can also trade metals and energy. Furthermore, how they approach trading and come up with profits is unknown.
You should know the kind of risk management measures the company has to prevent avoidable losses. They even brag about having won third place for the best broker award. Meanwhile, news spreads fast in this generation. Hence if they are making such a huge difference in trading, the same would be recognized globally. Consequently, the traffic level they attract is very low, and the awards are just false. To access the services they offer, you can download the app via Appstore or Google Play.
How Golden Brokers Operates
Golden Brokers downloadable platform suits Meta Trader 5. However, besides this data, there is not much regarding how they reach the alleged profits and style of operation. Also, scammers tend to all operate similarly, and Goldenbrokers.my will not operate any different. The company will contact you via emails and SMS that feature attractive bonuses and profit margins that way over the norm.
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Attaining high profits without a suitable plan is almost impossible. Hence once you fall for the catch and deposit your funds, that is the end of business between you and the scammers. They may result in blocking your acres to many of their services or totally ignore you till you give up on them.
Transparency should always be a vital factor to consider before you proceed to make any deposits or trades. Golden Brokers seems to have no trading taking place, and if they were making any profits, the same should be visible through trade history. Past trade data for at least three months or more is highly recommendable.
Golden Brokers Funds Safety
Golden Brokers has no guarantee that your money is safe despite claims of full compliance with the latest rules governing customers’ funds and data. There are no measures that have been taken to protect your money. This is evident because they do not have any banking information to show that your money is safe. The anonymous founders of Goldenbrokers.my may even be keeping the money in their own personal accounts.
Golden Brokers’ only beneficiaries are the platform owners. This is because they do not showcase any past transactions that show how traders are benefiting from the services they provide. Lack of transparency is also a major factor that you should consider while determining your funds’ safety. Consequently, tracking the platform for a refund is impossible as they do not have any refund policy.
Golden Brokers only has negative feedback, and your money is not safe here. Scammers pay quacks a small sum of money to come up with fake positive remarks on them as an attempt to cover for their murkiness. Also, they even further use stock images of alleged happy investors they claim to have benefited from their ‘ incredible services.’
Fake testimonials are common among Ponzi Schemes; hence you should always be capable of verifying similar data. Besides, you expect to attract similar results as the same customers who invest with Golden Brokers. The returns they attract may be pleasing and could be the main reason for hiding past trade transactions. They also claim that the technology in use has worn the top 3 best tools, yet the same info has no backup.
Golden Brokers Contact Support
Golden Brokers customers can reach the platform for queries via telephone at +601548770962 or through email [email protected] However, the same info may only fiction until they have gotten you to deposit funds. Because most scammers operate, you should verify that the contact support available is working before investing your funds.
The location address they provide pins to Golden Brokers Limited Level 14 (B) and 14 (C) Main Tower Financial Park Labuan Complex Jalan, Merdeka 87000 Labuan Malaysia. The address is definitely made up as it does not have any association with Golden Brokers. Hence there is no guarantee that the contact info will be beneficial to investors.
Golden Brokers claims to be regulated by LFSA, and this statement is false. The company is not recognized under any regulatory body, and your funds are not safe. Unregulated platforms do not last for long in the market, ending up disappearing with customers’ funds. Meanwhile, regulated forex brokers showcase a high level of transparency, and you can easily verify similar data that they showcase.
Different countries have set up measures to protect their citizens from the rapid increase of scammers. Most countries, if not all, require trade platforms to follow regulation. The company’s founders hide their details to prevent facing criminal prosecutions for illegally generating funds from the public.
Golden Brokers does not reveal the style that they use for operation and the algorithm the software uses. They do not have any data of the founders or any qualifications that show you are dealing with professionals. The company does not have any positive feedback or testimonials that you can rely on to earn reasonable profits. They may easily break all trading guidelines with no one to hold accountable for any losses.
Additionally, if they were making profits, the same should be visible via past trade data. Accordingly, to avoid falling for scammers, you can choose to invest with legit transparent forex brokers that use legit trading strategies. Avoid Golden Brokers at all costs and always read thorough reviews from legit sources.
What the regulatory status of Golden Brokers?
Sadly, this company is not licensed.
What do investors have to say about this company?
Golden Brokers only has negative feedback from traders that have engaged with them.
Does Golden Brokers utilize an award winning technology?
No, the platform is using false information to win over investors.