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No Regulation
Score
1.49 /10
Danger
GoldForex
2-5 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
Add brokers
Comparison
Quantity 3
Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index6.82
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
open now
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Warning: Low score, please stay away!
Previous Detection :
2024-12-28
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
Exposure
3 pieces of exposure in total Pyramid scheme complaint
ExposeNote: GoldForex's official website: http://goldforex-uk.com/index.php？lang=enis currently inaccessible normally.
GoldForex Information
Founded in 2020, GoldForex is an unregulated brokerage company in Hong Kong. Since this brokerages website cannot be available for the moment, we could get minimal information. There are some complaints and negative reviews about this broker, which make this broker untrustworthy to trade with.
Is GoldForex Legit？
GoldForex currently does not hold any valid regulatory certificates. It lacks regulation from any recognized financial authority. Opening an online brokerage account can be an easy way to start investing and there are always risks in investing. But we can choose to stay away from certain risks.
Downsides of GoldForex
- Regulatory Concerns
GoldForex is not regulated by any reputable financial authority. Before choosing a brokerage, remember to consider the risk involved.
- Unavailable Website
GoldForex's official website is currently inaccessible. So maybe it's time to find another brokerage.
- Lack of Transparency
There is a notable lack of information about GoldForex available online. This lack of transparency can really dampen investors' enthusiasm.
- Withdrawal Difficulty
According to a report on WikiFX, a user encountered significant difficulties with fund withdrawals. Despite the request being pending for over a week, the issue remained unresolved.
Negative GoldForex Reviews on WikiFX
On WikiFX, “Exposure” is posted as a word of mouth received from users. Traders are encouraged to review information and assess risks before trading on unregulated platforms. Please consult our platform for related details. Report fraudulent brokers in our Exposure section and our team will work to resolve any issues you encounter.
As of now, there are three pieces of GoldForex exposure in total. I'll introduce two of them.Exposure 1. I can't trade
| Classification | Unable to Withdrawal |
| Date | November 19, 2020 |
| Post Country | Japan |
The user said that “Unable to withdraw. And I can't contact customer support”. You may visit: https://www.wikifx.com/en/comments/detail/202011292632187384.htmlExposure 2. They changed my password
| Classification | Unable to Withdrawal |
| Date | January 8, 2021 |
| Post Country | Hong Kong |
The user said that “Cheat you into adding money but you can't withdraw funds, even a penny”. You may visit: https://www.wikifx.com/en/comments/detail/202101078132274501.html
Conclusion
Lack of transparency is a huge barrier for beginning traders. GoldForex is not a trusted broker because it is not regulated by a financial authority with strict standards. If you want to stay safe, only sign up with brokers that are overseen by a top-tier and stringent regulator.
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