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GOLDEN GROUP

New Zealand|5-10 years|
Regulated in Hong Kong|Type A1 License|MT4/5 full license|Chinese market only|Medium potential risk|

http://goldennz.com/?lang=en

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

2
Server Name
GoldenGroupConsulting-Demo MT4
Server Location Hong Kong

Contact

+852 2878 8788
support@goldennz.com
http://goldennz.com/?lang=en

Licenses

VPS Standard
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GOLDEN GROUP · Company Summary

Note: Regrettably, the official website of Golden Group, namely http://goldennz.com/?lang=enis currently experiencing functionality issues.

General Information

Golden Group Review Summary
Registered Country/Region United States
Regulation ASIC
Market Instruments N/A
Demo Account N/A
Leverage N/A
EUR/ USD Spread N/A
Trading Platforms N/A
Minimum Deposit N/A
Customer Support Phone:+852 2878 878,852-2878 8788

What is Golden Group Trade?

Golden Group Trade operates as a financial platform, though specific details about its market instruments and services are not provided. Despite being registered in the United States, Golden Group is regulated by ASIC, suggesting an international operational scope. Currently, the platform is facing functionality issues with its official website, http://goldennz.com/?lang=enis.Golden Group maintains customer support accessible via phone at +852 2878 878 and 852-2878 8788, indicating a commitment to client service.

What is Golden Group Trade?

Pros & Cons

Pros Cons
N/A Unregulated Status
Limited Information
Potential for Limited Protection
Risk of Market Manipulation
Uncertainty About Financial Stability

Cons of HyperVerse:

  1. Unregulated Status: Golden Group operates without regulatory oversight, which may raise concerns about the security of funds, the integrity of trading practices, and the overall reliability of the platform.

  2. Limited Information: There might be limited publicly available information regarding Golden Group's trading conditions, platform features, and operational policies, making it challenging for potential traders to make informed decisions.

  3. Potential for Limited Protection: Being unregulated, Golden Group may not offer the same level of investor protection or dispute resolution mechanisms typically provided by regulated entities, potentially leaving traders with fewer resources in case of disputes or issues.

  4. Risk of Market Manipulation: Without regulatory compliance and oversight, there's an increased risk of unfair trading practices and market manipulation, which could adversely affect trading outcomes for clients.

  5. Uncertainty About Financial Stability: The unregulated nature of Golden Group might also raise questions about its financial stability and the robustness of its risk management practices, essential factors for sustaining long-term trading operations and protecting client interests.

Is Gloden Group Safe or Scam?

Golden Group's regulatory status is complex, with multiple designations across different jurisdictions:

  1. In Australia, Golden Group is recognized as a regulated entity by the Australia Securities & Investment Commission (ASIC), holding a Straight Through Processing (STP) license with the license number 480291. This status indicates that Golden Group operates under the oversight of ASIC, adhering to the regulatory standards and practices enforced in Australia to protect investors and maintain market integrity.

Is Gloden Group Safe or Scam?
  1. In Hong Kong, the situation is different. Golden Group is flagged as a “Suspicious Clone” by The Chinese Gold & Silver Exchange Society(CGSES), under the DS License category with the license number 192. This designation implies that Golden Group is impersonating a legitimate entity or misrepresenting its affiliation with recognized institutions.

    1. Is Gloden Group Safe or Scam?
  2. In the United States, Golden Group's regulatory standing is marked by the National Futures Association (NFA) as “Unauthorized” under a Common Financial Service License, with the license number 0521462. This indicates that Golden Group lacks the necessary authorization from the NFA to operate within the U.S. financial market, suggesting potential risks for investors engaging with the group in this region.

Is Gloden Group Safe or Scam?
  1. Additionally, another designation by the NFA in the United States labels Golden Group as a “Suspicious Clone” under the Common Financial Service License category, with the license number 0513315. This further compounds the concerns regarding Golden Group's operations in the U.S., indicating possible issues of legitimacy and authenticity in representing its services and regulatory compliance.

Is Gloden Group Safe or Scam?

Customer Service

Customers can get in touch with customer service lines using the information provided below:Phone:+852 2878 878,852-2878 8788

Conclusion

Golden Group presents itself as a trading platform offering access to a variety of markets including Forex, precious metals, and commodities. While it aims to provide a diverse trading environment, its unregulated status prompts caution among potential traders. The platform's approach to customer service, accessible via direct phone contact, attempts to add a personal touch to its offerings. However, the lack of regulatory oversight and detailed public information may pose significant concerns regarding security, transparency, and trader protection. Prospective clients should weigh these factors carefully against their trading objectives and risk tolerance.

Q 1: Is Golden Group regulated?
A 1: Golden Group holds a regulated status with the (ASIC) under a Straight. However, it's flagged as a “Suspicious Clone” in Hong Kong and “Unauthorized” in the United States by their respective regulatory bodies, indicating a complex regulatory standing.
Q 2: How can I contact Golden Group for more information?
A 2: Golden Group provides customer support through phone lines at +852 2878 878 and 852-2878 8788.

Risk Warning

Trading with Golden Group involves significant risks, particularly due to its unregulated status. The lack of regulatory oversight means that the protection of funds, transparency of operations, and recourse in the event of disputes may be limited compared to regulated entities. Potential clients should be aware that engaging in Forex, precious metals, and commodities trading exposes them to market volatility and potential loss of capital. It is crucial for traders to fully understand these risks, consider their own trading objectives and experience level, and, if necessary, seek advice from independent financial advisors. Trading with an unregulated platform should be approached with caution, and investors should conduct thorough due diligence before committing their funds.

Broker Information

Company Name

Golden Group Consulting Limited

Company Abbreviation

GOLDEN GROUP

Regulatory Status

Regulated

Platform registered country and region

New Zealand

Company website
Phone of the company
  • +852 2878 8788

  • 852-2878 8788

Twitter

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Company address

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Linkedin

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Customer Service Email Address
  • support@goldennz.com

Company Summary

User Reviews

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User comment

5

Comments

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FX1653027125
more than one year
It's one of the best brokers I've ever traded with. The spreads are amazing, the tools available for trading, and even the online platform are incredibly user-friendly. Customer support is always there and gives me a warm welcome. Keep up the good work, everyone!
2024-03-22 15:07
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0
0
Grayson Kaden
more than one year
I set a buy pending order on Gold at 1994 and Silver at 25.16. Some time later, news comes and price started spike. Gold hit 1992 and silver hit 25.13. Normally gold spread 30 and silver spread 20. So, it was impossible to open my pending order. But broker open my pending order and i lost my entire balance. I contact customer service and show them with proof. They said, it was technical problem.
2024-03-14 16:00
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0
0
FX1604847011
more than one year
Having a bit of a tough time with Golden Group lately. Couldn't withdraw my funds, and when I tried logging in, got hit with a 404 error on the website.
2024-01-19 12:13
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0
0
FX1568987003
more than one year
The withdrawal and deposit processing speed of GOLDEN GROUP is very fast. I have been cooperating with them for over three months, and currently, I feel satisfied with the service
2023-12-20 23:51
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0
0
FX1390406838
more than one year
I had a terrible experience with GOLDEN GROUP. The platform appeared to be a clone and the website has been shut down. To make matters worse, the broker has run away with my funds. I would strongly advise anyone considering using this platform to avoid it at all costs. It's a complete scam, and I regret ever getting involved with them. Don't make the same mistake I did.
2023-03-24 17:28
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