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• Our Review Method

• Is GoldmanCFD Scam or Legit Broker?

• What is GoldmanCFD?

• Pros

Cons

• Conclusion

Our Review Method ▲

In our rigorous review process, a team of seasoned financial specialists, boasting more than 20 years of experience in Forex trading, carries out an exhaustive evaluation of various trading services. Our team delves deep into the investigation of fees, assesses the trading platforms, and verifies adherence to regulatory standards. We also interact directly with customer support and conduct actual trades to gain a real-world understanding of the trading conditions. This comprehensive approach enables us to provide informed insights and advice on why we recommend avoiding GoldmanCFD due to the issues we've identified.

Is GoldmanCFD Scam or Legit Broker? ▲

GoldmanCFD falls under the category of brokers that are not recommended for trading activities. This determination is due to its affiliation with GOLDMANCFD LTD., a company incorporated in the Marshall Islands. The Marshall Islands is known for its lenient regulatory environment, lacking stringent requirements and oversight for forex trading. This lax regulation has made it a haven for questionable forex brokers, including but not limited to YFX Capital and Pinprotrade.

• Registered in: Marshall Islands

• Type of License: Offshore License

• Is GoldmanCFD safe to trade: No

• Recommended Licenses: FCA in the UK & ASIC in Australia

What is GoldmanCFD? ▲

GoldmanCFD positions itself as a premier provider of online Forex trading, spread betting, and other ancillary services. However, detailed information about the company's operational base or regulatory compliance is conspicuously lacking. While its terms and conditions suggest Estonian jurisdiction, it lacks authorization to operate within Estonia, Europe, or any regulated market. Notably, the Italian regulator CONSOB blacklisted GoldmanCFD in February 2019 for offering unauthorized investment services to the Italian public.

Pros ▲

Upon extensive review, it is challenging to highlight any advantages of engaging with GoldmanCFD due to the significant concerns surrounding its regulatory status and operational integrity.

Cons ▲

• Regulatory Concerns: The primary disadvantage of GoldmanCFD is its registration in the Marshall Islands, a jurisdiction with minimal regulatory oversight. This raises significant questions about the safety of traders' investments.

• Lack of Transparency: The absence of detailed information regarding the company's location or regulatory compliances further exacerbates the concerns about its legitimacy.

• Blacklisting by Regulators: Being blacklisted by the Italian regulator CONSOB for unauthorized operations is a major red flag, indicating that GoldmanCFD is not compliant with requisite investment service standards.

• Inactive Website: Our research indicates that the GoldmanCFD website is no longer active, suggesting a cessation of its trading offerings. This inactivity is a concerning sign for any potential investors or traders.

Conclusion ▲

Based on our extensive review, which involved an in-depth analysis of over 1000 brokers, we strongly advise against investing with GoldmanCFD. The broker's registration in a jurisdiction with negligible regulatory oversight, combined with its lack of transparency and operational concerns, poses significant risks to traders' investments. Traders are encouraged to opt for brokers that are regulated by reputable authorities such as the FCA in the UK or ASIC in Australia.