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Gold Alliance-Some important Details about This Broker

WikiFX | 2024-12-04 16:25

Abstract: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.

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No, GB's Cyprus Securities and Exchange Commission (CySEC) license was revoked.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
MT5✔Web, 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
BrokerDealer

Related broker

No Regulation
GB
Company name:Goldenburg Group Limited
Score
1.57
Website:http://goldenburggroup.eu/
5-10 years | Suspicious Regulatory License | Suspicious biz area | Straight Through Processing (STP)
Score
1.57

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