What is GoldRush？
GoldRush Global Group Pty Ltd presents itself as a trading entity offering a range of market instruments and leveraging opportunities. GoldRush entices traders with access to over 50 currency pairs, futures, cryptocurrencies, and cryptocurrency CFDs, all facilitated through its proprietary Gold Rush trading software, which is available across web, iOS, and Android devices.
However, caution is advised when considering involvement with GoldRush, especially given reports of difficulties in fund withdrawals and suspicious clone condition.
If you are interested, we invite you to continue reading the upcoming article where we will thoroughly assess the broker from various angles and present you with well-organized and succinct information. By the end of the article, we will provide a concise summary to give you a comprehensive overview of the broker's key characteristics.
Pros & Cons
Pros of GoldRush:
- Diverse Market Instruments: GoldRush offers access to a wide range of market instruments, including over 50 currency pairs, futures, cryptocurrencies, and cryptocurrency CFDs. This diversity allows traders to explore various investment opportunities and diversify their portfolios.
- Leverage Options: GoldRush provides leverage options ranging from 1:00 to 1:400, allowing traders to amplify their trading positions and potentially enhance returns. Higher leverage can be advantageous for experienced traders seeking greater exposure to market movements.
- Trading Platforms: GoldRush offers its proprietary trading software, available on web, iOS, and Android platforms. This provides flexibility and convenience for traders, allowing them to access the markets and manage their positions from different devices.
Cons of GoldRush:
- Suspicious Regulatory Status: GoldRush's claim of regulation by the Australia Securities and Investments Commission (ASIC) is under scrutiny, with concerns raised about its legitimacy. The lack of clear regulatory oversight raises doubts about the broker's adherence to industry standards and investor protection measures.
- Withdrawal Issues: There have been reports of difficulties in withdrawing funds from GoldRush accounts. This indicates potential challenges in accessing invested capital, which can be concerning for traders seeking liquidity and transparency in their dealings with the broker.
- Absence of Demo Account: GoldRush does not offer a demo account for traders to test the platform and familiarize themselves with its features and functionality. This lack of a risk-free environment for practice trading may deter cautious investors who prefer to evaluate a platform before committing real funds.
Is GoldRush Safe or Scam？
The regulatory status claimed by GoldRush Global Group Pty Ltd, purportedly under the Australia Securities and Investments Commission (ASIC) (License Type: Common Business Registration, license number: 666 677 265), raises suspicions of being a clone or potentially fraudulent entity.
Before committing funds to GoldRush or similar platforms, thoroughly evaluate the risks and potential rewards associated with such investments. Due diligence includes verifying the legitimacy of regulatory claims and ensuring the security of funds.
Market Instruments
GoldRush provides a diverse range of trading instruments to cater to the varied preferences and strategies of its clients.
Currency pairs：
With more than 50 currency pairs, futures contracts, cryptocurrencies, and cryptocurrency CFDs (Contract for Difference), GoldRush ensures that traders have ample opportunities to diversify their portfolios and capitalize on market movements across different asset classes.
Currency pairs form the cornerstone of forex trading, and GoldRush offers a wide selection of major, minor, and exotic currency pairs. This includes popular pairs such as EUR/USD, GBP/USD, USD/JPY, as well as less commonly traded pairs like USD/TRY or GBP/NZD. Traders can leverage these currency pairs to speculate on the relative strength and weakness of different economies around the world.
Futures:
Futures contracts provide traders with exposure to a wide range of commodities, indices, and financial instruments. GoldRush enables traders to access futures contracts across various asset classes, including commodities like gold, silver, crude oil, agricultural products, indices such as the S&P 500 or NASDAQ, and interest rate futures like Eurodollar or Treasury bonds. These futures contracts offer opportunities for hedging, speculation, and portfolio diversification.
Cryptocurrencies:
Cryptocurrencies have gained significant traction in the financial markets, and GoldRush allows traders to participate in this burgeoning asset class. With a selection of popular cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Ripple, and more, traders can capitalize on the volatility and potential returns offered by digital currencies.
How to Open an Account？
To open an account with GoldRush, please follow these steps:
Leverage
Gold Rush Global Group Pty Ltd provides investors with the opportunity to utilize leverage ranging from 1:100 to 1:400 times. Leverage essentially allows investors to control larger positions in the market with a smaller amount of capital. This means that for every dollar invested, traders can access a larger amount of capital to trade with, amplifying potential returns.
However, while high leverage can lead to higher profits, it also significantly increases the level of risk involved in trading. The use of leverage magnifies both gains and losses, making it imperative for investors to approach it with caution and careful consideration.
Trading Platforms
Gold Rush offers a comprehensive suite of trading platforms to cater to the diverse needs of its clients. Whether accessed through the web version, iOS, or Android platforms, Gold Rush trading software offers many instruments on their platforms.
The platform integrates three major functions crucial for successful trading: market charts, technical analysis tools, and order trading capabilities. This integration empowers traders with a holistic view of the markets, enabling them to stay informed about market movements, analyze trends with precision, and execute orders with ease.
One of the key strengths of Gold Rush trading software lies in its versatility and accessibility across devices. Whether accessed through the web version, iOS, or Android platforms, the software offers a consistent and seamless trading experience. This ensures that traders can stay connected to the markets and manage their investments anytime, anywhere, enhancing flexibility and accessibility.
Deposits & Withdrawals
For Deposits:
To fund your account, you can apply through the platform's customer service for capital injection. The platform boasts a comprehensive recharge system designed to ensure the safety of every investor's funds.
When it comes to depositing funds into your Gold Rush account, the platform theoretically supports all banks. However, the daily capital injection limit is subject to the limit set by your bank. However, if your bank's limit is too low, adjustments can typically be made.
Once you've initiated a deposit request, the time it takes for the funds to reach your Gold Rush account primarily depends on the remittance process of your bank. Generally, this process takes between 1 to 5 working days.
For Withdrawals:
Similarly, withdrawals from your Gold Rush account follow a similar timeframe, with funds typically reaching your bank account within 1 to 5 working days.
User Exposure on WikiFX
On our website, you can see a report of unable to withdraw. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.
Customer Service
Customers can visit their office or get in touch with customer service line using the information provided below:
Telephone: +61415517695
Email: support@grggply.com
Address: Suite 135, 78 Gawler Place, ADELAIDE SA 5000
GoldRush offers a contact form as part of their trading platform. This allows traders to communicate with customer support or other traders directly through the platform. Contact form can be a convenient way to get real-time assistance or to engage in discussions with fellow traders.
Conclusion
GoldRush offers a diverse range of market instruments and leveraging opportunities through its proprietary trading software. However, the broker's claim of regulation by ASIC is clouded with suspicion, casting doubts on its legitimacy and adherence to industry standards. Reports of withdrawal issues further exacerbate these concerns, raising red flags regarding the broker's reliability and transparency.
Frequently Asked Questions
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
2024-09-10 18:35
