Gold Forex: customer reviews on the company’s performance in 2023
Customer reviews about a brokerage company can significantly influence your choice. However, what to do if there are no reviews? In most cases, the absence of reviews may indicate the recent start of the intermediary’s operations.
GoldFx is one of those companies about which there is still little information. Independent sources have already expressed doubts about the reliability of this company, although exposing reviews have not yet appeared.
Key aspects of the Gold Forex company
GoldFx welcomes potential clients with the slogan “Global financial markets are accessible to everyone.” Novices want to believe that they will find professional support and cutting-edge technologies here. However, information about the company and its offerings is difficult to access.
The company hides its tenure, which raises questions. The domain goldfx.com was registered in 1996, but reviews from real clients have not yet appeared.
After analyzing the web archive data, it was found that other companies were previously based on this domain, and GoldFx is just starting its operations. The phone number on the site turned out to be fake, but the email is valid. It is important to be cautious when dealing with such companies.
Legal aspects of Gold Forex
GoldFx does not provide scanned copies of the registration certificate and license, but information on regulation in Saint Vincent and the Grenadines, as well as Malaysia, is present on the site.
It is important to note that the company is not listed in the Labuan Financial Services Authority, which may raise certain doubts. However, the parent company Olympic Markets LLC is listed in the offshore lists of Saint Vincent and the Grenadines.
Such legal nuances can cause a stir, so it is important to pay close attention to such details.
Commercial terms of Gold Forex
GoldFx offers trading in currency pairs, CFDs on indices, commodities, stocks, bonds, ETFs. A demo account is provided for risk-free practice, and the minimum deposit is 50 dollars/euros.
- Instant trade execution;
- Training at the GoldFx educational center;
- Penalty for account inactivity;
- Protection against negative balance;
- Use of MT5 as trading software;
- Various methods of depositing and withdrawing funds.
User reviews on Gold Forex
There are currently no genuine reviews about GoldFx, which may cause distrust among potential clients. It is important to assess risks and act consciously, especially in the field of financial investments.
Conclusion on Gold Forex
Analysis shows that GoldFx requires additional research and caution. The lack of a sufficient number of reviews and insufficient transparency of information can be a signal for a detailed study of the terms of cooperation.
I have had a truly disappointing experience with Gold Forex in 2023. Simply put, their customer service is ineffective, communication is nowhere near satisfactory and execution speed of trades are excruciatingly slow. Firstly, their customer service representatives lack both knowledge and a sense of urgency. There have been instances where I’ve needed immediate assistance and their reps had no clue how to resolve my issue. Secondly, their communication is grossly inadequate. Updates on market changes and important information that could impact my investments are not relayed promptly or are unclear. Lastly, the slow execution speed of trades has led to missed investment opportunities. Ever experienced racing against time to capitalize on a timely investment opportunity and your transaction just goes through at a snail’s pace? This is what I’ve experienced multiple times with Gold Forex. I would strongly advise potential investors to consider other broker options that could provide a smoother, more efficient trading experience. Disappointing indeed.