The website is managed by a company registered in Switzerland. At the same time, the firm solves legal issues on the basis of Estonian legislation. It should be noted that the firm cites statistics on operations in 13 countries, the presence of more than 50,000 active clients, and a capital of $11 billion. Meanwhile, licenses of financial regulators are absent on the brokerage resource.
Is it possible to profitably trade on this CFD platform? We will reveal the secrets of this broker in our Goldman Markets review. Read on and you will find out: are the company’s promises true or are they just tricks of fraudsters?
How to Trade
The brokerage firm offers “flexibility, smooth and successful trading”. You’ll find CFDs on Forex, cryptocurrency, stocks, commodities, and indices. In addition, the company claims to use AI to analyze the market. The platform provides the following trading conditions:
- 5 accounts with minimum deposits from $250 to $250,000.
- More than 500 financial instruments.
- Leverage from 1:30 to 1:400.
- Spreads from 0.6/3.0 pips.
Information about rewards and conditions is not available in the presentation of the referral program. Goldman Markets promises withdrawals within 5 days and without commissions.
A glossary as well as a library of e-books, training videos are available on the site. Traders with premium accounts receive personalized service and invitations to events.
Goldman Markets Vital Info
The company does not disclose the founding date, the names of the founders, and the history of the project. Meanwhile, we found the date 13.02.2020, which is specified in the User Agreement. As for the domain, it was created only in November 2024. Accordingly, the platform has been functioning for only a few months. So, all the facts point to the broker’s dubious statistics of more than 50 thousand clients.
How is the activity of this organization regulated? Judging by the address of the office in Zurich, the company should have a Swiss license. However, we did not find this firm in the register of FINMA or other European regulators. In addition, the Goldman Markets brand is also missing from the global registry of legal entities. This means that the Swiss address and the reference to Estonian law are fictitious.
A worthy broker! I first went through trading training and then started working with Goldman Markets. It was the right decision! The broker offers a very convenient terminal. For half a year there was not a single failure, everything works like a Swiss watch, the guys from Zurich keep a high bar of service, so my profits are growing!! I give the support team a special kudos! They are very friendly guys! Overall, I am almost completely satisfied!!!
I believed this broker, I don't know why, but this is my most bitter trading experience because I lost about 15, 000 dollars. the company is not going to refund me anything, the money from my account got stuck during the withdrawal, it was withdrawn from Goldman markets but was not credited to my bank card. The broker is blaming me. The manager advises me to contact my bank. but of course, my bank looked at me like an idiot and said they didn't receive any money, otherwise they would have notified me long ago, especially about such a large amount. Anyway, it's a scam, I've been scammed, there's nothing I can do about it...
How can this broker provide margin trading at such high levels? What can happen to a beginner who gets access to trading with a leverage of 1:300? After all, the margin here is exactly that! A novice trader will quickly lose all his money and then won't even remember how it all happened. Because Goldman markets managers will start filling their heads with stories about how everything will be very cool if they deposit a few hundred more, only to lose it all again. This is what I did when I first bet on EUR/CAD, EUR/USD and USD/GBP. I didn't realize that I was giving even more money to the scammers. But no one stopped me then.
Scam company: first they give you some money and then they zero out the deposit. Their tricks are listed by many commenters, I don't want to repeat.
The support consultants at this company told me how to behave during a market crash. The guys there are very nice, understanding guys who know that women can sometimes make mistakes and don't know much about finance😂 But they realized that the 35 year old lady just wants to start trading steadily and without problems, she just doesn't have such serious experience as professional traders. So the Goldman markets staff told me that it is necessary to partially lock in profits and losses, and then buy back the asset once the market stabilizes. This is what I do all the time. €1320 is my profit for the last month!
The scammers did not refund me 4,380 euros!!! my deposit was stolen. I can't withdraw what's left in the balance, it's impossible, the scammers blocked my account without telling me a word... I can't imagine how you can treat your customers like this, but the robbers know no pity. so I don't advise you to register an account here and invest any money in this scam.
If you turn to Goldman Markets, you will soon regret getting involved. Because this pseudo broker promises a lot, but in fact its capabilities are far from the described. I started with € 250 and here is what I realized during the whole time of cooperation. Firstly, the broker does not have the necessary package of authorization documents, the office works illegally. Secondly, the terminal is not particularly stable, drawdowns and requotes will not allow you to get profit. Thirdly, the technical support service ignores you, no one will answer you if you have any questions about goldmanmarkets.net.
The very procedure of withdrawing funds at goldmanmarkets.net is just a circus! I waited a week, then two weeks, and I already had a nervous breakdown from their demands! They demand the same document three times, and then suddenly claim that the system does not accept passport photos. I invested 3, 600 dollars here, but now I can't even withdraw 100 dollars!!!! What kind of scam is this?! Do not even think of contacting them!
My acquaintance with GOLDMAN MARKETS broker ended with me losing 350 dollars because of their “system failures”. Every time the price changed in my favor, trading would suddenly stop, and when it resumed, I was already at a loss. My attempts to get justice with the help of the broker's tech support led to nowhere.
The quotes here are such that you really start to question if they are even real. I've ordered quote reports a couple times and there is a huge difference with other exchanges. It feels like the firm is deliberately underpricing me to reduce my profits that way.
Fraud is practiced here and customers should not expect to make significant earnings. I was convinced of this from my own experience. Cooperation with Goldman Markets scammers resulted in serious losses: my family budget suffered $12,700. They simply swindled me out of my money! In the beginning, when I had a small amount of money in my account and transactions brought only a small income, they paid me. At the same time, they persuasively insisted on increasing the deposit. As soon as I agreed, they immediately drove me into financial disaster. The trading terminal turned out to be fake at goldmanmarkets.net, it often froze and always ended in a crash.
SCAMMERS! I asked to withdraw money not to steal my deposit, because GOLDMAN MARKETS opened knowingly unprofitable transactions, so that I could not see and could not stop, they waited until all the money ran out (loss of 6,800 dollars), although I repeatedly left a request for withdrawal on the site (I have screenshots), but these scammers stole everything.
I feel sorry for the people who work at GOLDMAN MARKETS. They have completely lost their humanity, they have become high-tech scammers. There is one answer to every claim made: when you invested your money, you knew what you were doing. Yes, I realized that I had fallen into a trap and almost immediately sent a request to withdraw my own funds, but I was not allowed to do so. The managers asked me what my reason was for leaving goldmanmarkets.net, and I openly said that I had read the reviews about the company and didn't like them. In my last phone conversation with the manager, I used the word “scam” to which I was told I was insulting the company. In fact, that is too mild of a word!