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Suspicious Clone
Score
1.56 /10
Danger
Gold label
5-10 yearsSuspicious Regulatory License
White label MT4
The server is only located in China.
High potential risk
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Comparison
Expose
Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index7.37
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
Website
Licenses
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
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Warning: Low score, please stay away!
2
Previous Detection :
2024-09-23
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The China Hong Kong CGSE regulation (license number: 010) claimed by this broker is suspected to be clone. Please be aware of the risk!
WikiFX Verification
Note: Gold label's official website: https://www.glbxau.com/ is currently inaccessible normally.
Gold label Information
| Gold label Review Summary | |
| Founded | Not mentioned |
| Registered Country/Region | Hong Kong |
| Regulation | Suspected CGSE fake clone |
| Market Instruments | Gold and silver |
| Demo Account | Not mentioned |
| Leverage | Not mentioned |
| Trading Platform | MT4 |
| Min Deposit | Not mentioned |
| Customer Support | Live chat |
| Phone: 4001203124, 4001200610 | |
| Email: cs@GLbuillion.com | |
Gold label is a financial company registered in Hong Kong with business focus in gold and silver trading. Since its website is currently not functional, we don't have more information about its background. Its website used to update market news and insights regularly for traders to keep up with market pace.
Is Gold label Legit？
 | The Chinese Gold & Silver Exchange Society (CGSE) |
| Current Status | Suspicious Clone |
| Regulated by | Hong Kong |
| License Type | Type B License |
| License No. | 010 |
| Licensed Institution | 金利寶環球有限公司 |
Gold label claims to hold a type B license from The Chinese Gold & Silver Exchange Society (CGSE) with license no. 010. However, its regulatory compliance is still uncertain since the license is suspected to be a fake clone.
Downsides of Gold label
Unavailable website: Gold label's website cannot be opened currently. Not any reliable broker will behave like this.
Regulatory concerns: The suspicious CGSE regulatory status indicates less customer protections and compliance to industry standards of the broker. Trading with Gold label is of high risk.
Limited transparency: Important info on accounts, leverage, commission etc., can't be found.
Market Instruments
Gold label specializes in gold and silver trading and claimed its daily trading volume reached 80 billion dollars. Gold and silver are the most typical precious metals that hedge against market inflation and uncertain financial risks.
Trading Platform
Gold label enables traders to trade with the most renowned and reputable trading platform MetaTrader4, which can be downloaded from PC, Android and iOS devices. The platform is acclaimed for its one-stop functionality for market updates, charting tools, technical analysis and trade executing.
Customer Support
You can contact the company at email: cs@GLbuillion.com and telephone 4001203124/4001200610.
The company also offers live chat and QQ online support for immediate response.
Conclusion
In conclusion, Gold label is a Hong Kong financial company approved by the government. Though it provides its clients with the popular and user-friendly MT4 trading platform, it has more drawbacks. Firstly, its claimed CGSE regulation is suspected to be fake clone. Secondly, its inaccessible website prevents users from getting necessary information about trading conditions. Therefore, for your own safety of financial investments, you should reconsider and be very prudent when proceeding with the broker.
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