Golden Pawn Trades Market is a CFD broker, with its website www.goldenpawntrades.com domain registered on February 11, 2024. The platform claims to offer investors CFD trading services across various financial markets, including Forex, indices, precious metals, energy, commodities, and cryptocurrencies.
Corporate Services
Account Opening Process
The steps to open an account with Golden Pawn Trades Market are as follows:
- Visit www.goldenpawntrades.com and click on "START LIVE TRADING" or the "SIGNUP" button located at the top right corner to access the account application page.
- Fill in your name, email address, and set a login password on the account application form. Once the form is submitted, your account will be successfully created.
- After logging into your account, you must complete the KYC verification process to begin trading.
Investment Plans
Golden Pawn Trades Market offers five investment plans: Basic, Silver, Premium, VIP, and ULTIMATE. However, the broker does not provide specific return rates.
Basic
- Investment Amount: $1,000 to $2,000
Silver
- Investment Amount: $2,000 to $5,000
Premium
- Investment Amount: $5,100 to $10,000
VIP
- Investment Amount: $10,100 to $20,000
ULTIMATE
- Investment Amount: $20,100 to $50,000
Trading Platforms
The Golden Pawn Trades Market website claims to offer users various proprietary trading programs, including WebTrader, Golden Pawn Trades Trade, Golden Pawn Trades Options, as well as MetaTrader 4/5 and IXSocial trading platforms.
However, the broker only provides access to the online web trading program through their website. No download links for other trading software are available on their website, and there is no information about this broker on the MT4/5 trading platforms.
Deposit and Withdrawal Methods
Golden Pawn Trades Market supports deposits via cryptocurrency. Withdrawals can be made through e-wallets/cryptocurrency, credit/debit cards, and bank transfers.
Social Media and Contact Information
Although the Golden Pawn Trades Market website displays icons for Facebook, Instagram, and Twitter, clicking on them reveals that they are just images without actual links. Users can only contact this broker through phone calls and the online form on their website, with no other contact options available.
Company Background and Regulation
Company Background
Golden Pawn Trades Market claims to have been established in 2009, headquartered in the UK as an STP and ECN broker, with authorization and regulation in multiple jurisdictions worldwide.
According to publicly available information on their website, this broker has company registrations and regulatory oversight in the following jurisdictions:
- Golden Pawn Trades Market (SC) Ltd.: Registered in Seychelles, registration number 8423606-1, regulated by the Seychelles Financial Services Authority (FSA), license number SD025.
- Golden Pawn Trades Market B.V.: Registered in Curaçao, registration number 148698(0), regulated by the Central Bank of Curaçao and Sint Maarten (CBCS), license number 0003LSI.
- Golden Pawn Trades Market (VG) Ltd.: Registered in the British Virgin Islands, regulated by the British Virgin Islands Financial Services Commission (FSC), registration number 2032226, investment business license number SIBA/L/20/1133.
- Golden Pawn Trades Market ZA (PTY) Ltd.: Registered in South Africa, authorized by the Financial Sector Conduct Authority (FSCA), registration number 2020/234138/07, financial service provider number 51024.
Additionally, the broker claims to have company entities in the UK and Australia, both with registration number 2018AD947.
Regulatory Verification
Verification checks reveal that neither the UK's Companies House nor the Australian Business Register (ABR) list a company with registration number 2018AD947.
Further investigation shows that all the regulatory information Golden Pawn Trades Market claims actually belongs to another broker, "Exness", misleading investors by using Exness's regulatory details.
Furthermore, the "FAQs" page on their website displays the trading name Epitome Market instead of Golden Pawn Trades Market, and the broker's name at the bottom of the page is CRYSTAL CLEAR FX MARKET.
Additionally, there are several other broker websites almost identical in content and design to www.goldenpawntrades.com, such as Reflex Options, Frontier Finance Pro, and NexaCapital Trade.
Conclusion
Traderknows reminds investors that Golden Pawn Trades Market neither has a legally registered company entity nor is it subject to any valid regulation and has used the regulatory information of another legitimate broker.
Investors should exercise caution when choosing a trading platform, prioritizing those that are legally regulated and transparent to avoid financial losses and reduce investment risks.
