Another broker promising “financial independence” and “the best trading conditions”, but who are they really? Is this company regulated by official authorities, or is it just another fake project designed to lure people into a trap? In this review, we will analyze all the details, from licenses to hidden conditions, and find out what Golden Shore really is — a reliable platform or just another scam.
Brief Overview
- 🖥Official Website: https://goldenshore.ltd
- ✈️Contact Address: 18 York St, Toronto, ON M5J 0A8, Canada
- 📞Customer Support: support@goldenshore.ltd, +12268320734
- 🔐Licensing and Accreditation: no
- ⏳Track Record: 2025
- 🧰Specialization: brokerage service
- 🤝Terms of Cooperation: $250, 1:100
- 💰Additional Services: personal advisor, special events, signals
Goldenshore.ltd Examination
The first thing that catches the eye is the white background, large text, and minimalist design. Everything follows the typical style of one-day brokers: bold slogans, promises of success, and no specifics. On the homepage, large text reads: “Achieve financial independence through Golden Shore” — a typical phrase for suspicious brokers.
The menu is located at the top and is standard: “Homepage”, “About Us”, “Funding”, “Account Types”, “Financial Overview”, “Contact Us”, and “Terms & Conditions”. The site includes an “office map” with locations marked worldwide. It looks solid, but there are no addresses at all — not a single street, not a single office, just drawn points. Further down, there are bold numbers: “7.8 million clients”, “112 awards”, and “5-star service”. Who verified this data? Where are the independent ratings? Nowhere.
Overall, the site is unimpressive. Golden Shore is trying to pass itself off as a large and serious forex broker, but this might only convince beginners.
Company Contacts
Golden Shore’s contact information is a problem. For example, the only email turned out to be fake. We checked the email — it doesn’t exist. As for the legal address, there is only an office in Canada, but it is just an address, with no real confirmation that the company is actually based there.
One of the main signs of a reliable broker is convenient communication with clients. All verified platforms, such as eToro, Interactive Brokers, and Saxo Bank, have live chat, support through Telegram, WhatsApp, Facebook, Twitter, and other social networks. Here? Nothing. Even the contacts are fake. How can clients even reach the company’s managers?
Key Conditions
Golden Shore offers several types of accounts, but it immediately becomes clear: traders are being scammed out of their money. The minimum deposit is $250, which is already around the industry average for Forex. With reputable brokers like Interactive Brokers or Exness, you can start with just a few dollars. Here, however, you are required to pay an amount equivalent to an average monthly salary in some countries. For what? Just to receive a standard spread and leverage of 1:10.
The Bronze account requires $1,000 and adds trading in “minor cryptocurrencies”. However, no specific coin names are mentioned. What does “minor” mean? Which crypto assets are available? This information is missing. Additionally, a 5% commission on profits is introduced.
The Silver, Platinum, and Prestige accounts are simply ways to extort even more money. Silver, for $5,000, provides “partial access” to special events. What does this mean? No specifics are given. Platinum, for $10,000, increases leverage to 1:50. Prestige, for $100,000, offers 1:100 leverage and “risk-free trades” for two weeks.
The main issues with Golden Shore:
- A 5% withdrawal fee on profits. This is absurd. Such a practice is unheard of among legitimate and well-known companies.
- No information on spreads. Different figures are mentioned (2.9, 1.5), but without clarification. Are they fixed or floating? On which assets? Reputable brokers provide all these details in full.
- The promised “risk-free trades” are just a marketing gimmick. In real markets, no one will allow you to trade without risk. It is a trap designed to lure in clients.
Exposing Golden Shore
Now for the most interesting part of our review. The broker claims to have millions of clients, a headquarters in Canada, and even a license. The link to its regulatory status leads to the CADFIRA financial commission registry — cad-finra.goldenshore.ltd. However, there is a small issue. This website address is different from the official one — cad-finra.com. Moreover, this regulator has multiple websites: www.cadfira.com, www.cad-fira.com, and www.swkinvest.org. However, that is not even the most interesting part.
CADFIRA presents itself as an independent regulatory authority in Canada. However, official Canadian regulatory bodies, such as the Ontario Securities Commission (OSC) and the Canadian Securities Administrators (CSA), warn that CADFIRA is not registered to conduct securities-related activities in Ontario, which raises serious doubts about its legitimacy.
This means that Golden Shore has fabricated its regulatory license, as evidenced by the fake website. Moreover, this financial commission is not an official entity in Canada — it is not even recognized by the government regulatory bodies OSC and CSA. In reality, the firm has no license at all, and its legal address in Canada is completely fake.
Additionally, Golden Shore is lying about having won 112 awards and having 7.8 million clients. This scam project was launched on February 19, 2025 — just a month ago. We highly doubt that in such a short time, Golden Shore could have attracted such a massive number of traders and earned hundreds of awards. This could only happen in the wild dreams of the creators of this project.
What Reviews Do Users Leave?
There are very few reviews about Golden Shore. This is because the company is still very young. It also confirms the fact that the claim of 7.8 million registered users is completely fake.
Conclusions
You should not trust brokers that lie. Golden Shore is merely trying to create the illusion of a legitimate and reliable company, but that is far from the truth. It has no license, a short operational history, and even fake contact details. We do not recommend trading here.
Pros/Cons
- None.
- Illegal activity as there is no regulation.
- Fake license.
- The operating period is only a month.
- No reviews on the internet.
- A lot of false information on the website.
These are scammers who do not allow me to withdraw my money. At the moment, I have over $1,000 stuck here, and I cannot access these funds. Customer support is not responding to me, but that is because the contact details are fake. In other words, I cannot even reach the managers. I expected some form of deception, but not such an outright scam. So I am warning everyone considering opening an account here — Golden Shore is nothing but fraudsters and swindlers. I do not recommend it!