Don’t judge a book by its cover. Especially while trading with Golden Trade!
Why?
Because it’s a matter of commitment, investment, and profits.
Don’t you think trusting an entity for those three factors requires in-depth research?
Especially when it’s crucial to understand if trading with this company is legal in India.
We will discuss several similar perspectives here. So, hang on to make an informed decision.
Golden Trade Investment Review
Golden Trade Investment trades in Forex, Cryptocurrency, stocks, ETFs, and blockchain. This means the website claims to provide trading in multiple assets.
Now, although cryptocurrency is legal, but not regulated in India.
So, it becomes important to check whether the platform is reliable.
So, it becomes important to check whether the platform is reliable, especially with the rise in crypto scams in India.
Secondly, the platform provides an option to trade in forex.
But again, forex trading is illegal in India. And it is neither regulated by SEBI nor authorized by RBI.
In short, if you are choosing any such platform, then it is important to do proper due diligence before signing up for the platform.
Other than this, when it comes to investment, you need more than a website.
But here is what you will find:
- Mostly “404” errors on many links.
- There is no contact number except an email ID.
- Many links in the “Buy Digital Currency” page are directed to non-existent websites.
- The company is not regulated by SEBI or any Indian Financial Body.
On the positive side,
There is no accessible negative review about the entity. Why is it so? Does it say everything is good about the company?
Well not!
Let’s dig a little deeper to find some warning signs or risks that are associated with the platform, and understand how crypto scams work in such setups.
Golden Trade Investment Safe or Not?
Whether the company is safe or not depends on many factors.
But when it comes to Golden Trade, you will get not one but multiple signs and red flags that raise concern about the safety of the platform.
1. Multiple Platforms with the Same Name
Golden Traders Invest, Golden Trading Investment, or Golden Trade Limited have quite similar names to Golden Trade Investment.
Why should you care? Because many frauds happen using different names of an established broker.
Another reason is that the namesake companies have strong negative reviews online. Here are a few snapshots from BrokerChooser and WikiFX.
2. Golden Trade Investment is not regulated in India
When checking legitimacy, it is important to know whether the platform is legal in India.
It is a clear note!
Are you still thinking about whether you can trust this broker with your hard-earned money?
Think again! You need to know more about them to make the right choice.
This review alerts investors to avoid Golden Traders Invest. It is neither regulated by SEBI nor any top-tier regulator.
You do not have such information about Golden Trade Investment either. Do you?
You should collect more information by contacting the trading company and rechecking the clues we have provided.
With the growing number of crypto fraud in India, investors must take proactive steps to avoid crypto scams by verifying exchange registration, checking domain age, and confirming regulatory approvals before investing.
3. Unclear Management Details
But what about the company management? At least, they must have a good presence to boost investors’ confidence.
However, if you search by the name of the company’s CEO, Mark Williams, you will not find any information online.
Neither will you be able to trace the other two persons mentioned on the website.
Don’t you think something is fishy about the company? If not! Calculate your risk.
4. ScamAdviser Score is 1/100
Even worse, the website score on Scamadviser is 1/100, the biggest sign that it is a scam and not a legit platform, not only in India, but worldwide.
How to Report Investment Scams in India?
If you have invested money in Golden Trade as an Indian investor, there is no help you can expect from SEBI or RBI.
Because the company is not a registered Forex broker in India.
However, you can still report and seek guidance for forex trading fraud recovery by:
- File a Complaint with SEBI by sending an email.
- Inform the RBI through email of any fraud or scam.
- File a Cyber Crime Complaint at the nearest cybercrime police station.
- Consult with a scam recovery partner to get further guidance.
But you need to keep all the proof of transactions, messages, links, and statements.
It will help you avoid any legal penalty under the Foreign Exchange Management Act.
Need Help?
If you have traded with Golden Trade Investment through an Indian Registered Broker,
- We can help you choose all the legal and operational provisions.
- We can assist you in taking the right recovery steps, including guidance on filing relevant Forex Trading complaints and proceeding as per statutory norms and regulations.
- Our team will assist you in following the best market practices in the future.
Register with us as your scam recovery partner, and we will take your burden in fighting against the odds. We do all the work to bring you justice and lose money.
Conclusion
There is no need to hurry while making any financial decisions.
Taking prudent actions can add more value to your portfolios and overall investments.
However, consult with us if you have become a victim of such Forex Trading scams lately.
