Goldentrustco (GOLDEN TRUST) claims to provide diversified financial trading services. Its official website is: https://goldentrustco.com/, and the domain was established on February 6, 2024. Goldentrustco promotes itself as a regulated financial service provider, offering investment trading services in financial derivatives including stocks, cryptocurrencies, indices, forex, and precious metals. However, investigation reveals that the platform does not disclose specific financial service license information, and there are doubts about its registration and regulatory status in Saint Vincent.
Goldentrustco's Corporate Background:
Goldentrustco (GOLDEN TRUST)'s official website is: https://goldentrustco.com/. The domain was established on February 6, 2024. Goldentrustco advertises itself as a regulated financial service provider, offering investment trading services in financial derivatives including stocks, cryptocurrencies, indices, forex, and precious metals. The company is located in Saint Vincent. However, the platform does not disclose specific financial service license information, making it unverifiable. This uncertainty poses a risk to investors, and it is recommended that traders choose platforms that provide transparent regulatory information to ensure legality and safety.
Goldentrustco's Regulatory Information:
Upon investigation, Goldentrustco is not registered to operate in Saint Vincent and has been placed on the warning list by the Financial Services Authority (FSA) of Saint Vincent. It is important to note that Saint Vincent does not regulate financial derivatives brokerage services. This indicates that Goldentrustco's claimed regulated status is not true, and investors should exercise extreme caution when using this platform for trading.
The query results are as follows:
Goldentrustco's Account Registration Process:
- Visit the Goldentrustco website and click the register button
- Fill out the application form
- Submit identity verification/my number verification documents
- Deposit funds and start trading
Goldentrustco's Account Types:
Mini Account: Goldentrustco's Mini Account is designed for beginners and small investors. The minimum deposit requirement is $100.
Standard Account: The Standard Account is suitable for intermediate investors and those wanting to invest more capital into their trades. The minimum deposit requirement is $5000.
VIP Account: The VIP Account is targeted at high-net-worth and professional traders. The minimum deposit requirement is $30000.
Goldentrustco's Trading Platform:
Goldentrustco has not yet disclosed detailed information about its trading platform, raising concerns about its technical support and trading tools. The choice of trading software directly affects the ease and safety of trading, so investors should be cautious and prefer platforms that provide transparent information and well-known trading software to ensure fund safety and smooth transactions.
Goldentrustco's Trading Products:
Stocks: Goldentrustco offers extensive stock trading services covering company stocks from major global markets. Traders can invest in various industries including technology, finance, healthcare, and energy. By trading stocks, investors can participate directly in the growth and development of companies and enjoy dividends and capital appreciation potential.
Cryptocurrencies: Goldentrustco provides multiple cryptocurrency trading options, including Bitcoin, Ethereum, Litecoin, and other popular digital assets. The cryptocurrency market is renowned for its high volatility and growth potential, attracting many speculators and long-term investors.
Indices: Goldentrustco allows traders to invest in major global stock market indices such as the S&P 500, Dow Jones Industrial Average, Nasdaq Composite, and the German DAX index. By trading indices, investors can gain exposure to the performance of the entire market rather than just individual stocks.
Forex: Goldentrustco provides forex trading services covering major, minor, and emerging market currency pairs. The forex market is the largest financial market globally, offering 24-hour trading and high liquidity. Traders can profit from currency exchange rate fluctuations by buying and selling currency pairs.
Metals: Goldentrustco also offers precious metals trading services, including gold, silver, platinum, and palladium. Precious metals are often considered effective hedging tools against inflation and market volatility due to their stability and value retention qualities. Through Goldentrustco’s platform, traders can easily participate in the precious metals market, taking advantage of price fluctuations for speculation or long-term investment.
Goldentrustco meets the needs of different types of investors by offering a variety of trading products.
What are Goldentrustco's Spreads, Leverage, and Commissions?
Goldentrustco offers different account levels, each with specific spreads, leverage, and commission structures. The spread table lists the spread levels for three account levels: Basic, Standard, and VIP accounts, based on the currency pairs used in the forex market.
Spreads are measured in pips (1 pip = 0.0001) as follows:
GBP/USD Currency Pair
- Basic Account: 2.0 pips
- Standard Account: 1.7 pips
- VIP Account: 1.4 pips
The spread values vary across account levels, with VIP accounts enjoying the best spreads, suitable for investors who wish to conduct high-frequency trading at lower transaction costs.
Detailed information on leverage and commissions is not yet available on the official website.
What are Goldentrustco's Deposit and Withdrawal Methods?
Goldentrustco’s deposit and withdrawal methods are not specifically detailed on their official website. Typically, traders might be able to deposit and withdraw funds using various common payment methods, including bank transfers, credit cards, and e-wallets.
Goldentrustco's Customer Support:
Email: support@goldentrustco.com
Phone: +442080730082
Conclusion:
There is significant uncertainty surrounding Goldentrustco's corporate background and regulatory information. Although the platform offers a wide range of trading products and multiple account types, the lack of disclosed regulatory information and detailed information about spreads, leverage, and commissions heightens the risk for investors. When choosing a trading platform, investors should prioritize those that provide transparent regulatory information and have a good reputation to ensure legality and safety. By making informed choices, investors can avoid potential financial loss and other risks, ensuring a safe and smooth trading experience. Goldentrustco is listed as "Suspected of Fraud" on TraderKnows.
