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Goldenfxoption (goldenfxoption.com) claims to offer several investment platforms. You can invest and trade with the platform with all major assets. Unfortunately, the few who have interacted with the platform have been dealt a blow. Golden FX Option is not permitting members to withdraw funds. And this has led to discord among members. So we have to expose the red flags found on the platform. Here’s more in our detailed GOLDENFXOPTION REVIEW.
Nothing will prepare you for what to expect on the platform from the about us page. Goldenfxoption is completely taking advantage of investors. The platform knowingly leaves out crucial information to unsuspecting investors.
Before you invest in any platform, experts recommend doing due diligence. Try and find out what makes a platform tick. It will help you create the right decision on whether to move forward with the platform.
We recommend using proven investment strategies that helps you make realistic ROI. These are the best investment decisions you can make as an investor. In addition, we recommend using Coin staking, DeFi, and Masternoding.
There’s little information to point us to who actually owns or runs the platform. You also don’t get any background or history regarding the platform. All you get is their promise of guaranteeing profits after investing with them.
We have seen such kinds of platforms before. These platforms want investors to take their word for it. There’s no way we can do that, as we found several loopholes on the platform. The biggest one has to be the guarantee of making a profit.
One of the first red flags we found was that the website was a clone. The aesthetics of goldenfxoption.com is similar to several other crypto HYIP platforms. And this is a pointer to worse things to come.
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The promise of instant trading and 24/7 support is not available. All these are features the platform guarantees to offer. However, once you sign up, the platform takes hold of your account and doesn’t communicate.
There are three accounts available on Goldenfxoption. These include Silver, Gold, and Premium account. Each of these accounts comes with a guarantee of making a profit. But unfortunately, all of them seem to only invest in cryptocurrency.
Here’s a closer look at each of the three accounts;
Silver
It’s the account best suited for newbies, and this is according to the platform. You have to make a minimum deposit of $200 to start using the account. The account promises a profit of $2,000 and above.
Gold
You get a promise of making $5,000 and above after depositing $500. However, the account doesn’t mention the vesting period of any other account features. All you get is that the account best suits skilled investors.
Premium
It’s the most lucrative account, with investors depositing $1,500 to get started. The account promises a hefty return of $16,000 and above. All these accounts promise a 100 percent ROI, which is improbable.
We have to expose the rogue features found with these accounts. One of them has to be the glaring issue of the vesting period. The platform doesn’t give investors any information on the vesting period.
And this is done on purpose to try and lure investors to sign up with the platform. Once you sign up and deposit funds, the store claims the vesting period is less than 30 days. We know for a fact that crypto investment takes more than 60 days.
The shortest realistic vesting period for crypto investing is three to four months. Those who claim to make a profit within a shorter period are lying. Due to market volatility, someone’s bound to make huge losses.
Guaranteeing profit margins is also another false narrative from the platform. As explained above, you will incur losses while trading with crypto. The platform takes advantage of investors who want to make a quick buck within a short time.
From what we have seen, the platform also claims to offer binary trading. That’s not the case as the platform takes over your trading account. From their perspective, there are five classes of trading instruments.
These include commodities, cryptocurrency, forex, indices, and stocks. The platform trades commodities on your behalf, such as coffee, cotton, etc. Some of the listed crypto pairs include BTC/ETH, BTC/XRP, BTC/LTC, etc.
Forex trading happens to be at the core of the platform’s trading allure. You get to trade major and minor currency pairs. Sadly, the platform fails to mention the acceptable features of forex assets. For example, there are no details of the acceptable leverage and available spreads.
Indices are part of the daily trading routine as it’s a perfect way to earn for day traders. The platform avails several indices. These include DAX, Dow Jones, NIKKEI, and more. In addition, you get to determine market prices in the international arena.
There are shares of leading companies up for sale. The platform offers shares of companies such as Samsung and Tesla. You also get shares from companies within every sector imaginable. From manufacturing, tech, textile, and more.
There’s little information as to who operates the platform. Despite claiming to reside in the United States, there’s no business registry of such a platform. And this makes Goldenfxoption an anonymous investment platform.
It would be best if you stayed away from anonymous investment platforms. There’s no way of recovering funds from such platforms. Moreover, these anonymous investment platforms often partner with recovery agents to steal from investors.
It’s the final nail on the coffin meant to fool investors into believing recovery is possible. A recent investigation revealed these agents get your contact details from the platform. Avoid interacting with them as no compensation or settlement is forthcoming.
To try and lure investors into believing what the platform sells, there’s a client testimony section. It’s the only place to find positive reviews about the platform. You won’t find any other independent website praising the platform.
Don’t expect any support from the platform, and even their live chat service isn’t available. The platform wants to limit communication to verbal form only. And this will create a problem for investors when attempting to withdraw funds.
The platform promises daily payouts and uses the Blockchain’s unconfirmed transaction status. However, we see another mistake the platform makes to lure investors. The platform wants you to believe that these unconfirmed transactions are from their payout.
Your funds are far from safe from a platform that fails to offer meaningful services. The platform fails to segregate accounts as dictated by trading regulations. We also get a platform that doesn’t offer a safety net for investors.
Goldenfxoption is not a licensed or registered investment entity. If the platform has any license, we will verify it from the authorities. That’s not the case, as the NFA and SEC plan to issue a press statement warning investors.
Before you invest with any platform, check with authorities to confirm that there’s indeed compliance. Check with regulators such as ASIC, BaFIN, CNMV, CONSOB, CySEC, and the FCA.
These regulators ensure that all parties adhere to regulatory conditions. The platform is free to do as it pleases without any regulatory framework. And that’s what you get with Golden FX Option, harsh trading conditions.
After exposing the store, it’s best to recommend NOT to invest with goldenfxoption.com.
Instead, go for proven alternatives that give crypto investment an excellent way of earning ROI.
Feel free to leave a comment or drop us an email with any queries.
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