Can GoldCoin-FX be trusted? Honest review of the trading platform and analysis of user reviews.
Dishonest Company: GoldCoin-FX Under the Microscope
One of the key elements of successful trading is a reliable financial intermediary. Unfortunately, clients of GoldCoin-FX have encountered dishonest actions by their agent. The fraudulent organization left its clients penniless. All reviews online, despite the lack of positive ones, express the common opinion of former clients – representatives of GoldCoin-FX shamelessly transfer money from their accounts, preventing withdrawals. Those affected by the scammers have lost significant sums.
After conducting an expert analysis, we offer you to familiarize yourself with the conditions of GoldCoin-FX and find out why it is worth avoiding any dealings with them.
GoldCoin-FX Review: Brief Information About the Company
In the presentation section on the official website of the brokerage firm, there is no information about the founding date or the history of GoldCoin-FX. However, research has shown that the project has a short existence – the domain name goldcoin-fx.com was registered at the end of March 2020.
The official version presented by the company’s creators includes the following points:
- working with institutional and retail investors,
- GoldCoin-FX’s office base is located in Saint Vincent and the Grenadines, and is regulated by the local financial regulatory authority (FCA),
- the company is managed from the United Kingdom.
No documents regarding the company’s registration or links to the registry of legal entities of Saint Vincent and the Grenadines were found, indicating its illegal activities.
Further checks revealed no mentions of GoldCoin-FX on the local regulator’s website, indicating a lack of license.
Although GoldCoin-FX tries to present itself as a legitimate broker, in reality, it is an unscrupulous entity. This explains the widespread negative reviews about the company.
Despite positioning itself as an international company, the GoldCoin-FX website is only available in English, likely due to inadequate development expenses.
Company Contacts: Some Information About Working Addresses
The fake brokerage website lists two mailing addresses: one in Saint Vincent and the Grenadines, and the other in Edinburgh (United Kingdom). However, investigations revealed that the company has no offices at the stated addresses. They are cheap hotels where tourists stay.
For contact, GoldCoin-FX provides a phone number with a United Kingdom code and an email. However, our attempts to reach the company were unsuccessful: the phone number is invalid, and the email went unanswered.
According to user reviews, the support only responds to requests sent through the feedback form. Providing personal information is necessary to receive a response, which is subsequently used by scammers for further deceitful actions.
Trading Conditions: What GoldCoin-FX Offers
GoldCoin-FX offers over 180 trading instruments, including currency pairs, cryptocurrencies, European, British, and American company stocks, indices, oil, gas, and metals (gold, silver, copper).
Clients can use various trading terminals, including ActTrader (for PC), ActWebTrader (web version), ActPhone, and ActPad (for mobile devices). The software is available for download on the company’s website.
The minimum deposit in a GoldCoin-FX trading account is 250 US dollars, but the broker allows trading with a smaller amount. Despite this, it is impossible to earn or withdraw funds on the agent’s platform.
For mini accounts, a leverage of up to 1:100 with a fixed spread of at least 1.5 pips is available.
The company offers four tariff plans: for 1600 US dollars, new clients can use a trading robot, which is a common deception method.
User Reviews: What Users Say About GoldCoin-FX
Reviews about GoldCoin-FX have recently appeared on trading forums. Here, traders share their negative experiences with the company and recommend avoiding any contacts with them:
Users note that the GoldCoin-FX support service is aimed at deceiving users and extracting money through dishonest methods.
All reviews about GoldCoin-FX are negative. The company is not interested in long-term cooperation and will not receive a positive reaction from real traders.
Review Summary
Collaborating with GoldCoin-FX is not worth the risk. The company is only focused on its own benefit, with their interests conflicting with those of clients. Negative reviews from former clients only confirm the company’s reputation. If you aim for successful trading in financial markets, consider more reliable intermediaries.