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/10

GB

Cyprus Cyprus | 5-10 years |
Suspicious Regulatory License | Suspicious Scope of Business | Cyprus Forex Execution License (STP) Revoked | High potential risk

http://goldenburggroup.eu/

Website

Rating Index

Contact

+357 25349815
http://goldenburggroup.eu/
46 Ayios Athanasios, Interlink Hermes Plaza, 4102 Limassol, Cyprus

license Forex License

risk

No forex trading license found. Please be aware of the risks.

Keywords 5
5-10 years
Suspicious Regulatory License
Suspicious Scope of Business
Cyprus Forex Execution License (STP) Revoked
High potential risk
Website
Genealogy
Related Companies
Employees
Company Summary
Disclosure
News
Wiki Q&A
Comment

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Official Website

Website

  • goldenburgfunds.com
    199.250.208.52
    Server Location
    United States United States
    ICP registration
    --
    Most visited countries/areas
    --
    Domain Effective Date
    --
    Website
    --
    Company
    --

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GB

Related Companies

GOLDENBURG GROUP LTD(Cyprus)
Cyprus
GOLDENBURG GROUP LTD(Cyprus)
Deregistered
Cyprus
Registration No.HE328474
Established
Related sourcesWebsite Announcement
Employees

Company Profile

Company Profile

Review summary

Note: GB's official website - https://goldenburggroup.eu/ is currently inaccessible normally.

GB Review Summary
Founded/
Registered Country/RegionCyprus
RegulationCySEC (Revoked)
Market InstrumentsForex currency pairs, shares, commodities, and indices
Demo Account/
Leverage/
Spread/
Trading PlatformMT5
Min Deposit/
Customer SupportService 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 and Cons

Pros Cons
Various tradable instrumentsInaccessible website
MT5 providedLack of valid regulation
Limited information about trading details
High deposit fees charged

Is GB Legit?

No, GB's Cyprus Securities and Exchange Commission (CySEC) license was revoked. Please be aware of the risk!

Regulated AuthorityCurrent StatusRegulated CountryLicense TypeLicense No.
Cyprus Securities and Exchange Commission (CySEC)RevokedCyprusStraight Through Processing (STP)242/14
Revoked CySEC license

What Can I Trade on GB?

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

Trading Platform

GB uses MT5 as its trading platform, which is suitable for experienced traders.

Trading PlatformSupported Available Devices Suitable for
MT5Web, PC, MobileExperienced traders
MT4/Beginners

Deposit and Withdrawal

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.

Deposit and Withdrawal 1
Deposit and Withdrawal 2

Keywords

  • 5-10 years
  • Suspicious Regulatory License
  • Suspicious Scope of Business
  • Cyprus Forex Execution License (STP) Revoked
  • High potential risk

News

CySEC decided to impose a fine of €400.000 on CIF Goldenburg Group Ltd.

News CySEC decided to impose a fine of €400.000 on CIF Goldenburg Group Ltd.

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).

Wiki Q&A

Can GB be considered a credible broker?

Goldenburg Group Limited (GB) presents a high-risk profile, as its sole financial license has been revoked and it currently operates without any valid regulatory authorization from mainstream financial authorities like CySEC, which necessitates extreme caution.

23h
United States

Is GB regulated?

No, GB is not regulated. Official records from the Cyprus Securities and Exchange Commission (CySEC) show that its Forex Execution License (STP) has been revoked. The entity currently holds no valid regulatory authorization for its stated business scope.

23h
United States

What is the full company name of GB?

The broker operates under the full legal name Goldenburg Group Limited. It is registered in Cyprus and has an operational history of 5-10 years.

23h
United States

What is a clone broker website?

A cloned broker website refers to a fraudulent website that imitates the information of a legitimate broker. Such websites usually copy the real company's brand name, page design, and even regulatory information to mislead investors into making deposits. Common features include: a domain name highly similar to the official website (such as slight spelling differences), abnormal or unverifiable contact information, and promises of unusually high returns. Once funds enter such platforms, they are usually difficult to recover. Investors can identify potential risks by checking the official domain name, verifying regulatory information, and using WikiFX for cross-verification.

22h
United States

How can I identify a scam or fraudulent forex broker?

A broker can be evaluated as a potential scam platform by considering multiple factors such as regulatory qualifications, user complaints, fund security, and platform data. In general, brokers without valid regulation, those that frequently have withdrawal problems, those with a large number of user complaints, or those providing false information usually carry higher risks. You can check the broker's regulatory status, overall rating, exposure records, and user reviews on the WikiFX platform, and make judgments based on multi-dimensional data to effectively identify and avoid scam platform risks.

22h
United States

What is WikiFX, and how does it help investors?

WikiFX is a third-party platform that provides forex broker information inquiry and risk alerts. This type of platform mainly integrates brokers' regulatory information, user feedback, and historical records, and conducts comprehensive evaluation through a multi-dimensional model to help investors quickly understand the broker's basic situation and potential risks. By using such tools, investors can conduct preliminary screening before choosing a broker, thereby reducing decision-making risks caused by information asymmetry.

22h
United States

Can I recover my funds if I have been scammed by a broker?

Recovering funds after investment fraud can be difficult, but taking timely action may still help recover part of the losses. It is recommended to take the following actions immediately: keep trading records, chat records, and other evidence; contact the bank to try to stop or freeze the payment; report the case to local law enforcement agencies. In addition, investors can also use WikiFX complaint and exposure channels to increase the visibility of problematic platforms and improve the efficiency of rights protection.

22h
United States

How is the WikiFX Score calculated?

WikiFX ratings are calculated based on a multi-dimensional data model, mainly including five dimensions: regulatory index, license index, business index, risk control index, and software index. The rating adopts a range system (0-10 points). The higher the score, the higher the broker's overall performance level. In addition, ratings are dynamically updated according to regulatory changes, complaint handling results, and historical data performance, making the rating more objective and timely. You can check the scores of each dimension and their trends on the WikiFX platform to evaluate the broker's actual situation more comprehensively.

22h
United States
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