Read our Golden FX review to know more about this broker. File a Complaint to get a refund. In this Golden FX review, you will get to know about the warning signs of Golden FX scams, and how to save yourself from scams like Forex scams Binary Scams, Cryptocurrency scams, Investment scams, Romance Scams, etc.
Address: PO Box 1510, Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St. Vincent and the Grenadines
Warned By: Not Recommended By Review Website Like Brokers Complaint
Golden FX Review: Introduction
The company name is BR Consulting Group Ltd and the broker’s name is Golden FX. Founded in the year 2018 it is based at PO Box 1510, Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St. Vincent and the Grenadines. On investigating further we found that many companies are operating at this address. To know more about the broker read our Golden FX review which follows.
The broker can be contacted on phone at +41615880935, +4589881487, +442038080807, +60392127504, +46844682797, and +4721402838. They can also be contacted via online chat and email at email@example.com. But at present, their website is not working and is down. The company seems to be out of business. They used to support only English and Swedish.
Golden FX Review: Deposit and Withdrawal
The trader can fund his/her account through bank transfer, debit/credit card, and cryptocurrency. Withdrawal methods are also the same. As with any scam broker, here also withdrawal is a problem. When one approaches for withdrawal there is no response from the company. Even they do not respond to your email and neither pick up your call. They also cite that there is a problem with the intermediary bank. They keep on delaying your payment on one pretext or the other.
Golden FX Review: Regulations
They claim they are regulated by regulating authorities of St. Vincent and the Grenadines. On investigating we found that St. Vincent and the Grenadines do not provide regulations for forex trading. St. Vincent and the Grenadines are notorious for registering companies with bare minimum requirements. The setup cost is also very low. Hence most scam companies prefer to set up their base in St. Vincent and the Grenadines.
Golden FX Review: Account Types
Golden FX offers its clients four account types. Standard (deposit $250 to $999, leverage 1:100), Silver (deposit $1,000 to $24,999, leverage 1:200), Gold (deposit $25,000 to $99,999, leverage 1:400), and Platinum (deposit above $100,000, leverage undisclosed). There is no demo account to test the software of the broker. First, pay and then trade.
One particular thing to note is that the broker offers very high leverage. It is just to lure customers. For any regulated company, the leverage is 1:30 as fixed by regulators. Those companies which offer high leverage than prescribed are scam broker and are not regulated to conduct financial services in their jurisdiction.
Golden FX Review: Bonus
Golden FX offers a welcome bonus for its new clients only. The client may receive up to a 100% bonus depending on their account type. There is also a referral bonus for oldcustomers which are 10% of the first deposit.
Why not trade with Golden FX?
- It is regulated with low profile regulating authority.
- It is an off-shore broker, not in your jurisdiction.
- Withdrawal of funds is virtually impossible due to their terms and conditions.
- When demanding your withdrawal they keep on delaying things, you lose out on a chargeback.
- If you are too demanding for your withdrawals, they freeze or block your account.
- If there are too many withdrawals the broker shuts down its site.
- Golden FX offers bonuses as a ploy just to trap the account holder.
- The leverage offered is very high, a typical sign of a scam.
Golden FX scam Review: Conclusion
If you are a victim of fly-by-night brokers or Golden FX scam brokers contact us. We are a team of fund recovery experts. We help you recover funds as we have helped many innocent victims recover funds from these scammers. We track them and bring them to books so that in the future other innocent investors/trader is not duped/scammed.
It is possible to recover funds even if the company/broker is shut down. The brokers usually leave a trail behind them.
Do visit our website and fill out a short free consultation form. This will help us to analyze the situation and devise a strategy for how to get your funds back.
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