Introduction to Golden Markets Review:
Golden Markets claims to be a forex and CFD brokerage firm with the best deals in the market just for their customers. Golden Markets claims to provide more than 20 forex pairs. In the category of tradable instruments, the company offers CFD on Cryptocurrencies, gold, silver, and oil. Copper, coffee, sugar, wheat, indices, stocks, etc. Despite so many options to choose from, we recommend you read the full Golden Markets review before thinking about investing in Golden Markets. If you are here with the intention of finding out whether Golden Markets is a scam broker or legitimate, stay tuned till the end to find out. If you have had a similar experience with Golden Markets, make sure to let us know in the comments down below.
Name: Golden Markets
Address: Barcelona, Spain
Contact No.: +442080890336
About Golden Markets:
In this section of Golden Markets review, we will be discussing all the red flags possessed by Golden Markets.
Is Golden Markets regulated by any of the regulations?
The answer to this question is pretty simple – NO. Upon checking on their website, Golden Markets does not state anything at all about their regulation. This created the first suspicion against Golden Markets. Furthermore, when we checked with the regulations, it was found that Golden Markets is UNREGULATED. The company does not have a license from the Financial Conduct Authority or the FCA of the UK. We recommend our readers never trade with any unregulated brokerage firm. This brings us one step closer to the Golden Markets scam in this Golden Markets review.
Is Golden Markets blacklisted by any of the regulations?
To make matters worse for Golden Markets, we found out that the Financial Conduct Authority of the UK recently blacklisted Golden Markets. In the statement issued by the regulation, it is stated that Golden Markets is a potential scam and the FCA has asked the public to stay away from this unregulated brokerage firm.
What is the minimum initial deposit demanded by Golden Markets?
The minimum initial deposit demanded by Golden Markets is 10000 USD. This is a huge amount when compared to the minimum initial deposit demanded by the regulated brokerage firms that lie between 5 USD to 10 USD. In the case of Golden Markets, the most basic account of theirs known as the Standard Account has a minimum deposit of 10000 USD while the silver account has a minimum deposit of 25000 USD. The gold account has a minimum initial deposit of 50000 USD whereas the Platinum Account has a minimum deposit of 250000 USD.
Our opinion: Is Golden Markets a scam broker or legitimate?
In our opinion, Golden Markets is a potential scam. We warn our readers to stay as far away as possible from the Golden Markets scam and to only trade with regulated brokerage firms. If you have been scammed by Golden Markets, fill in the form above and we will help you out.
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