GoldmanCFD Review
Reason to avoid: Offshore license
Listed Date: April 20, 2019
Top 3 Forex Brokers
Beware GoldmanCFD is a Non-Regulated broker. It is NOT SAFE to trade.
Reason to avoid: Offshore license
Listed Date: April 20, 2019
Beware GoldmanCFD is a Non-Regulated broker. It is NOT SAFE to trade.
No, it is not safe to trade with GoldmanCFD. GoldmanCFD is owned 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 is low and it does not regulate forex trading. Therefore, it became an offshore zone for shady forex brokers such as YFX Capital, Pinprotrade and more.
🗺️ Registered in | Marshall Islands |
🗺️ Type of License | Offshore License |
🛡️ Is GoldmanCFD safe to trade | No |
🗺️ Recommended Licenses | FCA in UK 🇬🇧 & ASIC in Australia 🇦🇺 |
🖥 Alternative Broker | FP Markets - licensed by ASIC in Australia |
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 nor regulation. According to the terms and conditions, the company is under the Estonian jurisdiction, however, it is not entitled to operate in Estonia, nor in Europe, or 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 unauthorised investment services and activities to the Italian public.”
We advise all investors and traders to avoid GoldmanCFD and other brokers from the Marshall Islands. 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GoldmanCFD website is no longer active.
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They kept crediting my account on their own portal fakely . when I decided to withdrew my original payment they disfunctioned the tab of withdrew from their portal/website.
they never paid me back.