GoldmanCFD Review

Is GoldmanCFD Scam or Legit Broker?

No, it is not safe to trade with GoldmanCFD. GoldmanCFD is owned by GOLDMANCFD LTD. which is an offshore company registered in the Marshall Islands.

• The Marshall Islands is notorious for its practically absent requirements and regulations. Due to the setup cost being low, it does not regulate forex trading. Therefore, it became an offshore zone for shady forex brokers such as YFX Capital, Pinprotrade, and more.

What is GoldmanCFD?

GoldmanCFD claims to be one of the leading providers of Online Foreign Exchange (Forex) trading, spread betting companies, and other related services. The company doesn’t provide much information about its location or regulation. According to the terms and conditions, the company is under Estonian jurisdiction, however, it is not entitled to operate in Estonia, in Europe, or in any regulated market in general.

• Moreover, Italian regulator CONSOB has blacklisted GoldmanCFD in February 2019:

“The National Commission for Companies and the Stock Exchange has ordered the following company to cease the infringement, consisting of the provision of unauthorized investment services and activities to the Italian public.”

GoldmanCFD Review Conclusion

We advise all investors and traders to avoid GoldmanCFD and other brokers from the Marshall Islands. Based on the information we revealed GoldmanCFD has safety issues, and investing with the broker might put the traders’ investments at risk. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as IG Markets and BlackBull Markets.

GoldmanCFD Update

Our research revealed that the GoldmanCFD website is inactive. This means the broker has muted its trading offering and does not operate. However, we recommend avoiding and staying alert in case of any proposals.