Goldnrise Review: A Fraudster Pretending To Be A Broker

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As soon as we saw Goldnrise’s website, we knew something fishy was going on. The content of the alleged Forex brokerage page is full of discrepancies and fraudulent information.

The legal background of Goldnrise is unknown, i.e. there is no information about the company running this business or the regulatory license. There is, however, a regulatory warning against this unscrupulous platform.

If you want a reliable platform to trade on, we suggest you find a brokerage company that legally operates under the supervision of recognized financial market authorities such as the FCA (UK), CFTC & NFA (US), ASIC (Australia), MAS (Singapore), IIROC (Canada), FINMA (Switzerland), etc.

We can help you retrieve your money back from Goldnrise.

The Goldnrise support team simply stopped responding, which resulted in traders losing tens of thousands of dollars to this vile scheme.

Needless to say, Goldnrise has no authorization to operate in these countries. And to reiterate, the Canadian OSC blacklisted the platform as a trading scam in order to warn traders not to invest in it.

Let’s first debunk a discrepancy we found on the website. Namely, the home page cites a certain “FxPro MetaTrader 5” software. Why would the website mention FxPro, a brokerage that has nothing to do with Goldnrise? 

In the FAQ section, the text says that the Goldnrise trading platform is actually web-based. It allegedly supports popular trading assets such as currency pairs, indices, commodities, stocks, and cryptocurrencies. Since there’s no demo account, we couldn’t check the platform but based on our experience, online trading terminals are usually lackluster and unpolished, with no advanced features. 

Find a provider that supports renowned third-party software such as MT4, MT5, or cTrader. You will thus facilitate your trading experience and maximize your gains.

Start your chargeback today and get your money back.

The maximum leverage that Goldnrise offers scales up to 1:500, which is pretty high and risky. High leverage can magnify profits but also losses, usually tilting toward the latter end.

Hence, reputable jurisdictions such as the US & Canada (1:50) and Europe (1:30) imposed safe leverage caps for retail clients. Goldnrise also promises lucrative bonuses, which is yet another proof that this broker is not a legitimate UK provider. The FCA banned brokers from issuing bonuses in the UK.

The minimum deposit requirement was set at 500 USD. Why risk this money when you have many regulated brokers that will charge 200 USD for a live account? Trading costs,  i.e. spreads and commissions were not disclosed. 

Goldnrise listed various payment methods for account funding:

The minimum withdrawal requirement was not specified since the withdrawal policy is not transparent. Deposit and withdrawal fees are unknown as well.

If you deposited funds via MasterCard and VISA credit/debit cards or wire transfers, you can request a chargeback, i.e. a recall. It can be done at the issuing bank within 540 days of the transaction. We can guide you through the process but first, you must book a consultation with us.

To sum up our review, Goldnrise is an unregulated Forex trading platform. This phony broker has mainly been targeting traders from the UK and Canada.

In case you are unable to withdraw your funds from this platform, please book a free consultation with Global Fraud Protection. We have a team of skillful professionals who can assist you with the chargeback procedure and expressly get your money back.

Book your free consultation today and start the chargeback process.

Goldnrise is not a regulated broker. In fact, the platform got blacklisted by the Canadian OSC.

Goldnrise only offers a lackluster and ineffective web-based trading terminal, which is most likely rigged.

The minimum deposit is 500 USD. If you deposited this money, we can help you recover it.

According to the website, Goldnrise can be contacted via email, phone, or web form.

The post Goldnrise Review: A Fraudster Pretending To Be A Broker appeared first on Global Fraud Protection.

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