With the rise of online trading, more and more people are investing in financial markets through brokers. However, not all brokers are legitimate, and some may be fraudulent. One such broker is GOLDENSKYCAPITAL.COM. In this review, we will examine the company’s background, license, and regulation status, legal warnings against it, client feedback, and how FXfarmupdate can help if you become a victim of this scam.
Company Overview
GOLDENSKYCAPITAL.COM is an online broker that claims to offer trading services for forex, commodities, indices, and cryptocurrencies. The company was founded in 2019 and is based in Zürich, Schweiz. However, the lack of information on their website about the company’s background and founders raises concerns about the legitimacy of the company.
Name | Golden Sky Capital Ltd. |
Website | https://goldenskycapital.com |
Location | Zurich |
License | Not licensed |
Warnings | Warned by FINMA |
Team
There is no information about the team behind GOLDENSKYCAPITAL.COM on their website or any other online source. We thoroughly searched for this information, but nowhere we found this. Also, there is no individual or company profile on LinkedIn to show who is working for this company.
Services or Products
GOLDENSKYCAPITAL.COM claims to offer a range of trading services, including forex, commodities, indices, and cryptocurrencies. However, there is no detailed information about the products or services they provide on their website.
Trading Platforms
The broker claims to provide access to the MetaTrader 4 (MT4) trading platform, which is a popular platform used by many brokers. However, you cannot get the demo or see a dashboard without having an account. Your account should have your credit card connected. This is a pure sign of a scam.
License and Regulations
License Status
GOLDENSKYCAPITAL.COM claims to be registered and regulated by the FINMA in Switzerland. However, FINMA is known for being the main regulatory organization in Switzerland. We will show you the warning in a later section.
Regulation Status
Being located and established in Zurich means they have to be regulated by Switzerland’s central financial authority which is FINMA. But, FINMA does not enlist this broker as a regulated broker.
You also can go through our other scammer lists such as the SEC Blacklisted Companies, FCA Unauthorised Firms List, ASIC Blacklisted Companies, & Bank Guarantee/SBLC Review.
Why Dealing With Unlicensed Brokers Is Risky?
Dealing with unlicensed brokers is risky because they operate without any oversight from regulatory authorities, which means that they can engage in fraudulent activities without consequences. Investors who deal with unlicensed brokers are not protected by any regulatory body, and there is no legal recourse if they lose their money.
Legal Warnings Against GOLDENSKYCAPITAL.COM
There are several warnings issued against GOLDENSKYCAPITAL.COM by regulatory authorities around the world. Among them, the most important is the warning issued by FINMA. They mentioned this broker as an unregulated broker.
Client Feedback About GOLDENSKYCAPITAL.COM
The few online reviews about GOLDENSKYCAPITAL.COM are mostly negative, with clients complaining about the company’s poor customer service and difficulties in withdrawing their funds. Many clients also reported losing their entire investment with the broker.
About Trading
Clients have reported that the trading conditions offered by GOLDENSKYCAPITAL.COM are not transparent, and there is a lack of information about the products and services they offer.
About Customer Service
Many clients have reported that they have had difficulty contacting the broker’s customer service team, and when they do manage to get through, they receive inadequate or unhelpful responses.
How Can FXfarmupdate Help You If You Get Scammed?
If you have been scammed by GOLDENSKYCAPITAL.COM or any other fraudulent broker, FXfarmupdate can help you. We provide a platform for reporting scams, and their team of experts can assist you in recovering your funds. We will provide you with a free consultation and service recommendations to help you in retrieving the lost funds.
Final Thought
Based on the lack of transparency and regulatory oversight, GOLDENSKYCAPITAL.COM is a high-risk broker that investors should avoid. The numerous legal warnings and negative client feedback should serve as a warning to potential investors. If you have already invested with this broker and have lost money, contact FXfarmupdate to report the scam and seek assistance in recovering your funds. Remember to always do your due diligence before investing and only deal with regulated brokers with a solid reputation.
