Gold Alliance-Some important Details about This Broker

WikiFX | 2024-12-04 16:25

Zusammenfassung：Goldenburg Group Limited (GB) is a broker registered in Cyprus. It uses MT5 as its trading platform, and it mainly focuses on the forex currency pair, share, commodity, and indice markets. However, this company is currently not regulated, and its official website is inaccessible. In view of that, the potential risks are rather high.

Note: GB's official website - https://goldenburggroup.eu/ is currently inaccessible normally.

GB Review Summary
Founded	/
Registered Country/Region	Cyprus
Regulation	CySEC (Revoked)
Market Instruments	Forex currency pairs, shares, commodities, and indices
Demo Account	/
Leverage	/
Spread	/
Trading Platform	MT5
Min Deposit	/
Customer Support	Service time: Mon-Fri, 8 AM to 5 PM PST
	Tel: +357 25349815
	Email: info@goldenburggroup.eu
	Address: 46 Ayios Athanasios, Interlink Hermes Plaza, 4102 Limassol, Cyprus

Goldenburg Group Limited (GB) is a broker registered in Cyprus. It uses MT5 as its trading platform, and it mainly focuses on the forex currency pair, share, commodity, and indice markets. However, this company is currently not regulated, and its official website is inaccessible. In view of that, the potential risks are rather high.

Pros and Cons

Pros	Cons
Various tradable instruments	Inaccessible website
MT5 provided	Lack of valid regulation
	Limited information about trading details
	High deposit fees charged

Is GB Legit?

No, GB's Cyprus Securities and Exchange Commission (CySEC) license was revoked. Please be aware of the risk!

Regulated Authority	Current Status	Regulated Country	License Type	License No.
Cyprus Securities and Exchange Commission (CySEC)	Revoked	Cyprus	Straight Through Processing (STP)	242/14

What Can I Trade on GB?

GB claims to offer several types of products, including forex currency pairs, shares, commodities, and indices.

Tradable Instruments	Supported
Forex Currency Pairs	✔
Commodities	✔
Indices	✔
Shares	✔
Cryptos	❌
Bonds	❌
Options	❌
ETFs	❌

Trading Platform

GB uses MT5 as its trading platform, which is suitable for experienced traders.

Trading Platform	Supported	Available Devices	Suitable for
MT5	✔	Web, PC, Mobile	Experienced traders
MT4	❌	/	Beginners

Deposit and Withdrawal

GB charges a research fee which can be up to $200, and this is rather high. Apart from that, other details such as the minimum deposit or withdrawal, the processing time, and accepted currencies, are not clear.