Score
Cyprus
|
5-10 years
| http://goldenburggroup.eu/
Website
Rating Index
LicensesLicensed Entity：Goldenburg Group Ltd
License No. 242/14
CyprusVisiting GOLDENBURG in Cyprus, Office Exists
A field survey confirmed that Goldenburg’s address was consistent with its regulatory information. Although the surveyors did not enter its office and could not intuitively understand the internal situation of the company, they learned from the website that the company held a direct license issued by CySEC. As far as it goes, there is no hallmarks of illegitimate activities or scams/frau
CyprusVisiting GOLDENBURG in Cyprus, Office Exists
A field survey confirmed that Goldenburg’s address was consistent with its regulatory information. Although the surveyors did not enter its office and could not intuitively understand the internal situation of the company, they learned from the website that the company held a direct license issued by CySEC. As far as it goes, there is no hallmarks of illegitimate activities or scams/frau
Cyprus
goldenburgfunds.com United States
VIP is not activated.
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 | Cons |
| Various tradable instruments | Inaccessible website |
| MT5 provided | Lack of valid regulation |
| Limited information about trading details | |
| High deposit fees charged |
No, GB's Cyprus Securities and Exchange Commission (CySEC) license was revoked.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 |
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 | ❌ |
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 |
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.
The Cyprus Securities and Exchange Commission (CySEC) has recently taken decisive action against CIF Goldenburg Group Ltd (LEI 2138009UJX646ZT32817), a financial services firm, for serious violations of the Investment Services and Activities and Regulated Markets Law of 2017 and the Regulation (EU) 1286/2014 on key information documents for packaged retail and insurance-based investment products (PRIIPs).
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