Golden Financial Review
Reason to avoid: No license
Listed Date: December 30, 2018
Top 3 Regulated Forex Brokers
Beware Golden Financial is a Non-Regulated broker. It is NOT SAFE to trade.
- Company name: Golden Financial Solutions (Service) Ltd.
- Registration/license: None
- Registration/license requirement: –
Golden Financial claims to be one of the world’s largest foreign exchange, precious metals, securities, futures, stock traders. The company is owned and operated by Golden Financial Solutions (Service) Ltd., and according to its website was founded in London, UK – the headquarters of the company. It also claims to be regulated by the UK’s Financial Conduct Authority (FCA) and New Zealand’s Financial Markets Authority (FMA). However, we didn’t find any records of the company in the registers of the mentioned regulator and most probably wouldn’t find its license details with any other regulators.
Moreover, New Zealand’s FMA has issued a warning against Golden Financial:
“GFS is not licensed to issue derivative products (CFDs) to New Zealand retail investors; GFS is not regulated in New Zealand as claimed on its websites; GFS could be involved in a scam.”
Considering false regulation information provided by the broker and warning from a reputable authority, we don’t recommend trading with Golden Financial . Investing with a properly regulated broker is crucial for the safety of any investment. Here are some reliable regulators: UK’s FCA, the Cyprus Securities and Exchange Commission (CySEC) and the Australian Securities and Investments Commission (ASIC). Check the list of the ASIC-regulated brokers.