If a broker assures you of its reliability, boasts a large number of clients, and claims to have offices in a reputable jurisdiction, this is not a reason to blindly trust them and open a deposit. What if they are fraudsters? Let’s take a look in this review at the Goldman Markets platform, which seems more like another scam than a safe company for margin trading. And if you need evidence, let’s find it together.
Brief Overview
- 🖥Official Website: https://goldmanmarkets.io/
- ✈️Contact Address: Limmatquai 4, Zurich, Switzerland, 8001
- 📞Customer Support: support@goldmanmarkets.email, +41717793387
- 🔐Licensing and Accreditation: –
- ⏳Track Record: 2024
- 🧰Specialization: brokerage service
- 🤝Terms of Cooperation: $250, 1:400
- 💰Additional Services: account manager, education resources
Goldmanmarkets.io Examination
We cannot assess the official website on our own. The problem is that when we open it, we don’t see the homepage, but only a login window for the personal account. Goldman Markets has redirected visitors to a form where you can either log into your account or register one. This looks very suspicious. Why has the company hidden its website from outsiders? Is it trying to conceal something? Do reliable organizations act this way? If we look at some of the most well-known forex brokers, such as Oanda or FXCM, they don’t do this — their websites are open to anyone who wants to visit.
To examine the site’s appearance and review the terms, we had to search for data from third-party sources. This is inconvenient and time-consuming, but we had no other option.
According to online data, Goldman Markets has developed a template-based website that is a little different from hundreds of other similar brokerage platforms. The company shares limited information about itself: terms, headquarters, and contact details. However, it does not disclose any details about its licenses, operating history, founders, or its business model.
In essence, the company’s official website is currently non-functional, and we don’t know how long this will last. However, this is clearly a red flag.
Company Contacts
At the very bottom of the page, there is only one email address listed: support@goldmanmarkets.email. There is no other information. Even the online chat is not activated. Checking this email showed that it was valid. So, users might try to contact it to inquire further details. However, will there be a response from Goldman Markets? There are doubts about that.
Key Conditions
Information about trading conditions also had to be searched for online, from third-party sources. This is not normal. A broker should not operate this way.
Goldman Markets offers five types of accounts with minimum deposits ranging from $250 to $250,000. Importantly, with each new account type, the conditions become “better,” such as more additional services (personal manager support, webinars, and even exclusive events) and higher leverage. For example, with a $250 deposit account, the leverage offered is up to 1:30, while with a $250,000 deposit account, it’s 1:400. Essentially, they are enticing clients to deposit more money.
Spreads at Goldman Markets start from 0.6 pips on premium accounts and reach 3.0 pips on lower-level accounts. The same logic applies — if you want better conditions, you need to deposit more funds, and then you’ll get narrower spreads. By the way, there is no mention of commissions, which is another concerning sign.
Exposing Goldman Markets
The official website immediately hinted to us that this company is very suspicious. Let’s try to break down what’s wrong with the licenses, offices, and operational history of the platform. And first, let’s find out where this company is located.
Several online sources state that Goldman Markets’ office is located in Switzerland, so we should check the official legal registry of that country. Not surprisingly, the search yielded no results because no such organization is registered in Switzerland.
If there is no legal entity, there is no license. This is obvious, so there’s no need to check the FINMA registry. It’s a waste of time. First, the broker must officially register as a legal entity, and only then can it receive a license from the financial commission. The platform is not registered anywhere, has no office, and therefore cannot be regulated. This is an illegal activity.
Furthermore, Goldman Markets started operating only recently, so they have no significant operational history or experience, which means their bold claim of having 50,000 clients is a fake. The first domain used by the scammers, goldmanmarkets.net, was registered on November 26, 2024. This website is no longer working. Apparently, there were too many negative reviews and complaints, so the fraudsters had to shut it down.
At the time of writing this Goldman Markets review, the active domain is goldmanmarkets.io. It appeared later, on December 4, 2024. Apart from the login page, nothing is accessible on it. The scammers have closed it off from outsiders. Information about their illegal activities spreads very quickly.
What Reviews Do Users Leave?
Be careful, because Goldman Markets publishes fake positive reviews. We were surprised when we found so many comments praising the platform and expressing positive sentiments. However, upon reading these reviews closely, it became clear — they are fake. All the comments are about the same length — 3-4 lines with a few sentences. There is no proof anywhere that the company consistently withdraws funds or plays fairly with traders. The reviews don’t even describe the details of the cooperation, such as how much the client earned, how the withdrawal was made, or if it’s cryptocurrency, where’s the transaction link, and so on.
Conclusions
The company changes websites, has no license, and lies about being registered in Switzerland — all of these are negative signs that point to the fraudulent nature of the platform. We strongly recommend avoiding brokers like Goldman Markets, as it is a guaranteed loss of money.
Pros/Cons
- None.
- No official website is available; only a login and registration window.
- No license from financial commissions.
- The period of work is less than a year.
- A lot of fake positive reviews on the Internet.
I lost money with Goldman Markets. They changed the website, but I can’t access my account through the new domain. Over $3,000 is sitting there, but I have no access to it. I’ve already sent a dozen emails to these fraudsters, but have yet to receive a response. I thought about filing a complaint with the financial commission, but it’s pointless because this company has no regulator. There’s no one to complain to. I want to warn anyone who might be lured into this fake trap or anyone thinking about starting to trade here – DO NOT DO IT! THESE ARE FRAUDSTERS!
Fly-by-night firm with no legal documents or real registrations. You’ll see that in a few months, this black and dirty platform will cease to exist. A new scam will appear in its place. Fraudsters work this way; they create many similar websites to continuously deceive traders and take their money.