Reading Time: 3 minutes SCAM RECOVERY

GoldenrodFX Review – How We Uncovered This Scam FX Broker

Jun 1, 2021
GoldenrodFX Fraudulent Broker

Probably, you’ve read reviews on several brokers so far, looking for the most suitable one. What you should always be looking for is a regulated brokerage. Therefore, we did our task and answered this main question for you – is GoldenrodFX regulated? Where is it based? And to whom can you file a complaint against the broker in case of any issues?

Read our fresh GoldenrodFX review and find out!

Broker status:Unregulated Offshore Broker
Regulated by:No Regulation (Unlicensed Broker)
Broker Owner:SANTI Goldenrod Ltd
Headquarters Country:Seychelles
Foundation year:2020
Supported Platforms:WebTrader
Minimum Deposit:$250
Types of Assets:Cryptos, Forex (FX)
Maximum Leverage:N/A
Free Demo Account:No
Accepts US clients:No

GoldenrodFX Regulation and Security

There is very little information we have about GoldenrodFX. Something we do know is that the broker is owned by SANTI Goldenrod Ltd and based in Seychelles. However, even offshore countries have regulatory bodies that should authorize brokers and permit them to provide financial services.

What’s Wrong With GoldenrodFX Regulation? 

Long story short, GoldenrodFX regulation does not exist. We’ve checked the register of FSA Seychelles looking for GoldenrodFX or SANTI Goldenrod Ltd and couldn’t find any information. 

We can conclude that the broker is not legit, not trustworthy, and does not have a regulation in any jurisdiction for conducting financial business. This is very similar to TradeInvest90 and RSQTrade brokers.

GoldenrodFX Scam Platform

What Are Trading Platforms Available?

If you check the website, you will see that the broker provides extremely obscure information. For example, we can see that the GoldenrodFX trading platform is a WebTrader that you do not need to download.

According to the main page, this platform gives you a seamless experience while being innovative at the same time. However, since there is no Demo account, we couldn’t verify these statements.

All the other relevant information, such as leverage and spread, is very well hidden.

What Can You Trade With a GoldenrodFX Broker?

Yet another question mark on our list. Again, the website does not tell us much on this matter. We can note that the broker mentions the Forex market and providing related education, so we can assume clients can trade with currency pairs. Also, in the “Support” section, we found that the broker offers full support related to cryptocurrency trading. Again, we can assume cryptos are part of the broker’s offer.

After thorough examination, we noted that there are over 250 trading instruments available. We are not able to precise which instruments or how many of them in each trading section. 

Speaking of the minimum deposit, in the “Account types” section, we found that the smallest account is up to $250. What does that mean? Is it $250 or less? As per GoldenrodFX reviews we found, you cannot go below the amount mentioned above.

Scammed by GoldenrodFX broker? What to Do?

Here we come to the inevitable issue. What to do if you were scammed by GoldenrodFX. Of course, if you have any negative experience or withdrawal issues with this brokerage, you should file a dispute immediately and request a chargeback.

You are not the only victim of the GoldenrodFX scam! Contact our support now via chat and get full assistance!

Do not let the scammer get away with your hard-earned money!

What is GoldenrodFX?

It’s an unregulated online trading brokerage based in Seychelles.

Are My Funds Safe with GoldenrodFX?

Since GoldenrodFX has no regulation, your funds are not safe with this broker.

Is GoldenrodFX a legit online broker?

Broker provides financial services without regulation, making it not a legit broker.