Caution! Goldexoption is an offshore company! Your funds may be at risk.
Goldexoption Key Facts
🔴 Goldexoption offers questionable investment opportunities – a clear sign of a scam!
🔴 Goldexoption forges crucial contact information – beware!
🔴 Goldexoption lacks a license for the provision of its services – a huge red flag!
🔴 Goldexoption’s domain has been registered only recently – another off-putting detail!
Goldexoption products and services
Goldexoption is a scam – we have seen many like it, charactarized by the incredible profits they claim to be able to achieve – in the case of Goldexoption, these profits are supposedly upwarsd of 30% daily. This is not possible, of course – the company is simply trying to steal your deposits.
People should always be cautious when dealing with businesses offering enormously high yields because it’s scammers’ trait to promise big and create unrealistic expectations. In reality, regulated financial companies cannot secure more than a few percents annually with their fixed-income products. There is a huge discrepancy between these offers and the regulated companies standards. Judging by the products and services they sell, we suspect it’s a scam, so beware.
Goldexoption company and regulation
Goldexoption is not a licensed or regulated company – it claims to hold a SEC license, but this is not the case – we checked with the SEC database, which determined such claims to be false.
The US financial services regulation is very complex in the USA. Derivatives markets regulation is a responsibility of CFTC and NFA. Forex brokers and most of the investments companies have to be NFA members and CFTC registered to operate in the USA. On the other hand, securities markets are controlled by the SEC, a government independent agency responsible to maintain the integrity of the financial markets.
While SEC focuses more on the procedure regulation insisting on financial reports and management discussion and analysis, NFA and CFTC impose pretty straightforward requirements. To become authorised the companies have to provide 20 million USD in paid-up capital, which is considered a guarantee that the businesses can survive in turbulent times and pay whenever they have to.
Other customer protection measures include clients’ accounts segregation and leverage restrictions for forex brokers- 1:50. Also, CFTC brokers’ clients are not allowed hedging, which is one of the very unique US features. Unfortunately, the cryptocurrencies regulation is still inept, so traders and investors should be wary when dealing with crypto offers.
Goldexoption address and contacts
Goldexoption provides us with the following address line – 3031 Tischway Ste 80 San Jose CA 95128. There have been a lot of scammers using this same line – the ones we have reviewed can be found below, but the point is that you can’t expect to find the company there at all.
Transparency is crucial when talking about brokers and investment companies, and it’s part of the regulatory framework. The regulated companies are open to financial authorities following certain transparency rules, so it’s generally unlikely to conduct fraudulent activities. They are also bound to provide the public with crucial information about themselves, making it easy for traders and investors to confirm the company’s legitimacy.
Goldexoption website info
Goldexoption is operating on a website that has been around since last August. This is not that long ago, and such young investment companies always end up to be scams. Another scam sign that Goldexoption displays is that it has such low traffic that SimilarWeb does not even list it on its popularity index. The domain is also hosted on an IP address that is filled with other scammers – 220.127.116.11. Out of the 29 other domains on the address, most are fraudulent. The ones we have reviewed can once more be found below if you are interested.
Finally, the owners of the domain have decided to cover themselves up from WhoIs lookups – this is, once more, a breach of the principles of transparency we hold so dear.
We paid utmost attention to the regulation and transparency in the sections above because it’s mandatory for trading and investments. Pretty much each company offering financial services have to be authorised by the local financial authority.
However, some entities operate unlicensed and intentionally run investment fraud. It would be best if you only dealt with companies authorised by the regulators, so always check to make sure they are. Bear in mind that if you trade with unauthorised businesses, you won’t be protected, so it’s very likely to suffer losses almost impossible to recover if things go wrong.
Online scam is trending nowadays with fraudulent websites popping up literally every day. The financial authorities increase the number of warnings issued year after year, but the dangers are still out there and growing exponentially. You’ll realise the hazards when you consider OneCoin scam- it’s still impossible to calculate the total loss, but it’s regarded as 15 billion worth fraud. Make sure to trade with licensed and regulated companies to avoid off-putting losses.