Golden Trade is an unlicensed Forex and CFD broker that is owned by GoldenTrade Capital Limited located California. Golden Trade presents itself as a US-based forex and CFD broker, which also offers trading in binary options as well as real estate investments and crypto mining services.
Golden Trade promises certain Return on Investment (ROI) which ranges from 200% to 1000% by investment plan, and this is so unrealistic that sounds ridiculous to anyone with the slightest knowledge of investing online. This is typical of scam brokers.
goldentradingoption.com is considered not safe, as it is not regulated by top-tier financial authorities, like the CySEC in Europe, UK FCA and the Australian ASIC.
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Golden Trade Review
During our review of Golden Trade we saw that they did not provide details on trading conditions. It does not offer free testing service either. We always view the lack of information as huge negative, and advise investors to always be as informed as possible before deciding to trade with a brokerage.
In the case of Golden Trade, it is even not clear what kind of services it provides – trading in binary options, forex, or a cryptocurrency exchange.
Trading Platform
It is not clear the trading platform Golden Trade is offering to clients. The broker does not offer demo accounts, and we couldn’t log into any platform even after registering a live account (without depositing any money). We only got access to some strange platform, where trading is not enabled. When we clicked on “Make a new investment”, we got redirected to the investment plans section of the broker’s website.
This leads us to suspect that Golden Trade doesn’t offer a trading platform at all, and only aims at receiving deposits from clients that are unaware of its intentions.
Breakdown
Location: N/A
Minimum deposit: $500
Spread: N/A
Leverage: N/A
Assets: Forex, CFD, Binary options
Support MT4: Not Available
License: No license
Golden Trade License
Here at the Scam Expert Advisor, we have reviews of many Forex brokers and trading software. The number one item we check when reviewing a broker to see if they are a scam is a valid license.
The reason smart people online invest with a licensed broker, is because there are many investment scams online. By using a licensed and regulated broker, you know your money is safe, and the company is monitored by the governments regulators.
- Golden Trade operated by GoldenTrade Capital Limited is not a licensed broker.
In our reviews, we keep reiterating that if you choose to deal with an unregulated broker, your entire capital is at risk. Most such brokers are con-artists that simply take your money and offer nothing in return.
A sure way of making money is by dealing with reliable and reputable brokers. Expert backed brokers will keep you safe at all times. Your time to start making money is now with credible and dependable brokers. What are you waiting for? Only deal with brokers who have a solid reputation and trusted by the trading community.
Review Verdict – Golden Trade is a Scam!!!
Blacklisted website = goldentradingoption.com
Our best advise for you
Golden Trade is a shady investment intermediary that seems to be based in the US. There are far too many uncertainties regarding the nature of the broker’s cervices, trading conditions, and platform, but its greatest disadvantage is that it is not regulated.
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