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The WikiFX Score of this broker is reduced because of too many complaints!

GOLDSTONE

Australia|5-10 years|
Suspicious Regulatory License|MT4/5 full license|Chinese market only|Clone Firm Australia|Suspicious Overrun|High potential risk|

http://www.gsfxuk.cn/index.html

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

2
Server Name
GoldstoneGlobal-Demo MT4
Server Location Hong Kong

Contact

4009933977
service@goldstonet.com,service@gsfxuk.cn
http://www.gsfxuk.cn/index.html
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

Chinese (Simplified)

4009933977

Broker Information

More

Company Name

金石环球投资集团

Company Abbreviation

GOLDSTONE

Platform registered country and region

Australia

Company website

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 3
Previous Detection : 2024-03-28
  • The claimed AustraliaASIC regulation (license number: 338674) is verified as a clone firm. Please pay attention to the risk!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

WikiFX Verification

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Pyramid scheme complaint
Expose
Unable to withdraw

Nearly 7 billion RMB fund was unable to withdraw in GOLDSTONE

Henan Zhengzhou Rundi Company develop clients in the name of Shanghai Rundi Company, and assigns to the GOLDSTONE Platform (http://www.gsfxuk.com) for foreign exchange custody business, ensuring the fund and income (18% annual profit).I deposited 100000 RMB to make investment.On July 30, 2018, my MT4 showed a loss of about 10%. Due to family health reasons, I need funds to pay for medical expenses. From July 31, 2018,I filed an application for withdrawal,but was declined.The reason was “the original investment account has entered the liquidation procedure and the return is not less than 1% of the deposit fund every week”. Considering that the above practices was against the agreement of the fund custody contract signed by both parties, I refused to accept it and requested for the immediate withdrawal. After that, the account manager blocked my contact information.I also requested the GOLDSTONE Platform (Jinshi Global Customer Service Email: service@goldstonet.com) to process the withdrawal by email. The platform replied that “the withdrawal channel is being maintained and cannot be used for withdrawal”. I have known that Henan Zhengzhou Rundi Company, Shanghai Rundi Company, Jinshi Global Foreign Exchange Investment Platform, etc. are affiliated companies to attract a large number of investors in the form of foreign exchange custody to protect the income of the insurance.It is estimated that the amount of investment raised is 70. 100 million yuan.

FX7919172466
2018-09-09 07:13

GOLDSTONE · Company Summary

Note: GOLDSTONE official site - http://www.gsfxuk.cn/index.html is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information

GOLDSTONE Review Summary in 10 Points
Founded N/A
Registered Country/Region Australia
Regulation ASIC (Cloned)
Market Instruments forex
Demo Account N/A
Leverage N/A
EUR/USD Spread N/A
Trading Platforms MT4
Minimum deposit N/A
Customer Support Phone, email

What is GOLDSTONE?

GOLDSTONE is an offshore forex broker registered in Australia that provides its clients with forex trading through the MetaTrader4 trading platform. As this brokerage's website cannot be accessed, we were unable to obtain further details about its trading assets, leverage, spreads, minimum deposit, etc.

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

Pros & Cons
Pros Cons
• MT4 supported • No regulation
• Inaccessible official website
• Reports of unable to withdraw
• Only forex trading
• Limited payment methods
• Poor customer support

GOLDSTONE Alternative Brokers

    There are many alternative brokers to GOLDSTONE depending on the specific needs and preferences of the trader. Some popular options include:

    • ActivTrades: A reputable broker offering a wide range of trading instruments and platforms, suitable for both beginner and experienced traders.

    • Darwinex: An innovative broker with a unique social trading platform, allowing traders to invest in skilled traders' strategies while maintaining control over their own funds.

    • ForexChief: A reliable broker with competitive trading conditions and a focus on client satisfaction, offering a variety of trading accounts and educational resources for traders of all levels.

Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.

Is GOLDSTONE Safe or Scam?

Based on the information available, GOLDSTONE appears to be an unregulated broker with a cloned Australia Securities & Investment Commission (ASIC, License No. 338674) license. The unavailability of their website and complaints of withdrawal issues raise concerns about the legitimacy and safety of the broker. It is important for traders to exercise caution when dealing with unregulated brokers, as they may not offer the necessary protections and oversight. It is advisable to choose regulated brokers that are subject to regulatory authorities and adhere to established industry standards for investor protection.

Market Instruments

GOLDSTONE primarily focuses on offering forex trading services. Forex trading involves the buying and selling of different currency pairs, allowing traders to speculate on the price movements of these pairs. While forex trading can offer opportunities for profit, it is important for traders to consider factors such as market volatility, liquidity, and risk management when engaging in forex trading activities.

Trading Platforms

GOLDSTONE supports the popular trading platform MetaTrader 4 (MT4). MT4 is a widely recognized and widely used platform in the forex industry, known for its user-friendly interface, advanced charting capabilities, and comprehensive range of trading tools. With MT4, traders can access real-time market data, execute trades, analyze market trends, and implement automated trading strategies using expert advisors (EAs).

The platform also provides a variety of technical indicators and drawing tools to assist traders in making informed trading decisions. Additionally, MT4 supports mobile trading, allowing users to access their trading accounts and monitor the markets on their smartphones or tablets.

See the trading platform comparison table below:

Broker Trading Platforms
GOLDSTONE MetaTrader 4 (MT4)
ActivTrades MetaTrader 4 (MT4), MetaTrader 5 (MT5), ActivTrader
Darwinex MetaTrader 4 (MT4), Darwinex Web Platform
ForexChief MetaTrader 4 (MT4), MetaTrader 5 (MT5), ForexChief Pro

Please note that the availability of trading platforms may vary based on the broker and the type of account offered. It's always recommended to visit the respective broker's website for the most up-to-date information on their trading platforms.

Customer Service

GOLDSTONE provides customer support through phone: 4009933977 and email: service@goldstonet.com, service@gsfxuk.cn. Traders can reach out to their support team via phone for direct assistance or communicate their queries, concerns, or issues through email.

The availability of phone support allows for more immediate and direct communication, enabling traders to seek clarification or assistance in a timely manner. Additionally, email support offers a convenient way to reach out to the customer service team, providing a written record of communication for future reference.

Pros Cons
• Phone and email support available • No live chat support
• Limited contact options
• Lack of 24/7 customer support

Note: These pros and cons are subjective and may vary depending on the individual's experience with GOLDSTONE's customer service.

User Exposure on WikiFX

On our website, you can see that some reports of unable to withdraw. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

User Exposure on WikiFX

Conclusion

As a whole, GOLDSTONE appears to be an unregulated broker with several red flags. The fact that their regulatory license is cloned and their website is currently unavailable raises concerns about the legitimacy and reliability of the company. Additionally, there are complaints regarding the inability to withdraw funds, which further adds to the doubts surrounding GOLDSTONE's credibility. Considering the lack of regulatory oversight and the reported issues, it is advisable to explore alternative brokers that have a more established and trustworthy reputation in the industry.

Frequently Asked Questions (FAQs)

Q 1: Is GOLDSTONE regulated?
A 1: No. Their Australia Securities & Investment Commission (ASIC, License No. 338674) is cloned.
Q 2: Does GOLDSTONE offer the industry leading MT4 & MT5?
A 2: Yes. It supports MT4.
Q 3: Is GOLDSTONE a good broker for beginners?
A 3: No. It is not a good choice for beginners. Not only because of its unregulated condition, but also because of its inaccessible website.

User Reviews

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Comments

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Chong Shih Siang Delvin
more than one year
TRASH CLONE BROKER! SHAME ON THEM! They specifically deceive newcomers who do not have much experience. Everyone must pay attention and not believe their nonsense! It's never possible to make money by investing here unless you have too much money and want to do charity.
2023-02-13 14:40
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0
0
阿宁64776
more than one year
This broker claims to be authorized and regulated by ASIC, one of the best regulators in the world, but this regulation is actually a clone! ASIC said that it had not authorized this company. Damn scammers!
2022-11-30 14:43
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0
0
Jonas
more than one year
GOLDSTONE is a clone firm! GOLDSTONE is a fraud broker! GOLDSTONE is a scam platform! Their website has been closed! Their customer service can’t be contacted anymore! TAKE CARE!!!
2022-11-27 16:19
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0
0
Khanh Khanh
more than one year
A trash platform! Once you've placed a deposit, they won't allow you withdraw easily. They still haven't returned my money after two months. JUST STAY AWAY!
2022-11-27 08:53
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