Goldnrise Review: A Fraudster Pretending To Be A Broker

As soon as we saw Goldnrise’s website, we knew something fishy was going on. The content of the alleged Forex brokerage page is full of discrepancies and fraudulent information.

Our Goldnrise Review is here to debunk all the venomous lies this financial swindler spews. Read our text to learn how to identify online trading scams such as Goldnrise and Tradercode and how to recover your funds!

Broker status:	Unlicensed Forex Provider
Regulated by:	Unregulated
Operating Status:	Active Forex Trading Scam
Known Websites:	goldnrise.com
Blacklisted as a Scam by:	OSC
Owner:	N/A
Headquarters Country:	UK (allegedly)
Website Active Since:	2022-12-07
Online Trading Platforms:	Web
Mobile Trading:	Not Available
Minimum Deposit:	500 USD
Deposit Bonus:	30%-75%
CFD Trading Option:	Yes, you can trade CFDs
Crypto Asset Trading:	Yes – BTC, ETH, LTC…
Available Trading Instruments:	Forex, Indices, Commodities, Stocks, Cryptocurrencies
Maximum Leverage:	1:500
Islamic Account:	Not Available
Free Demo Account:	Not Available
Accepts US clients:	Yes
Global Fraud Protection Experts’ Verdict:	Stay Away from this Scam

Is Goldnrise Regulated?

The legal background of Goldnrise is unknown, i.e. there is no information about the company running this business or the regulatory license. There is, however, a regulatory warning against this unscrupulous platform.

It was issued on September 25, 2023, by the Ontario Securities Commission (OSC). The financial authority states that Goldnrise is “not registered in Ontario to engage in the business of trading in securities,” meaning the broker violated the law by doing so.

If you want a reliable platform to trade on, we suggest you find a brokerage company that legally operates under the supervision of recognized financial market authorities such as the FCA (UK), CFTC & NFA (US), ASIC (Australia), MAS (Singapore), IIROC (Canada), FINMA (Switzerland), etc.

We can help you retrieve your money back from Goldnrise.

Trader Reviews – Sharing Experiences

What do traders think about this platform? There were many complaints against the platform on personal-reviews.com at the time of this writing. Frustrated traders accused Goldnrise of being “evil” due to the countless issues they had with the provider.

The Goldnrise support team simply stopped responding, which resulted in traders losing tens of thousands of dollars to this vile scheme.

This comes as no surprise given that the platform is not regulated. Similar issues occur all the time with offshore brokers as well, such as ProfiForex. Trading with such an entity is risky and not recommended. You need a financial authority that will compensate you in case of suspicious losses.

Who Are Goldnrise’s Targets?

According to godaddy.com/whois, the Goldnrise.com website domain was created on December 7, 2022. Since then, the cyber trickster has primarily been targeting traders who reside in the following countries:

• United Kingdom;
• Canada.

Needless to say, Goldnrise has no authorization to operate in these countries. And to reiterate, the Canadian OSC blacklisted the platform as a trading scam in order to warn traders not to invest in it.

Which Trading Software Is Available?

Let’s first debunk a discrepancy we found on the website. Namely, the home page cites a certain “FxPro MetaTrader 5” software. Why would the website mention FxPro, a brokerage that has nothing to do with Goldnrise?

In the FAQ section, the text says that the Goldnrise trading platform is actually web-based. It allegedly supports popular trading assets such as currency pairs, indices, commodities, stocks, and cryptocurrencies. Since there’s no demo account, we couldn’t check the platform but based on our experience, online trading terminals are usually lackluster and unpolished, with no advanced features.

Find a provider that supports renowned third-party software such as MT4, MT5, or cTrader. You will thus facilitate your trading experience and maximize your gains.

Start your chargeback today and get your money back.

Available Live Account Types

Account Types	Entry	Basic	Silver	Gold	Platinum
Minimum Deposit	500 USD	2,500 USD	10,000 USD	25,000 USD	100,000 USD
Maximum Leverage	1:500	1:500	1:500	1:500	1:500
Spreads (EUR/USD)	N/A	N/A	N/A	N/A	N/A

Leverage, Spreads and Commissions

The maximum leverage that Goldnrise offers scales up to 1:500, which is pretty high and risky. High leverage can magnify profits but also losses, usually tilting toward the latter end.

Hence, reputable jurisdictions such as the US & Canada (1:50) and Europe (1:30) imposed safe leverage caps for retail clients. Goldnrise also promises lucrative bonuses, which is yet another proof that this broker is not a legitimate UK provider. The FCA banned brokers from issuing bonuses in the UK.

The minimum deposit requirement was set at 500 USD. Why risk this money when you have many regulated brokers that will charge 200 USD for a live account? Trading costs,  i.e. spreads and commissions were not disclosed.

Deposit and Withdrawal Process

Goldnrise listed various payment methods for account funding:

• Credit/debit cards;
• Wire transfers;
• E-wallets.

The minimum withdrawal requirement was not specified since the withdrawal policy is not transparent. Deposit and withdrawal fees are unknown as well.

If you deposited funds via MasterCard and VISA credit/debit cards or wire transfers, you can request a chargeback, i.e. a recall. It can be done at the issuing bank within 540 days of the transaction. We can guide you through the process but first, you must book a consultation with us.

What Should I Do If I Have Issues With Goldnrise?

To sum up our review, Goldnrise is an unregulated Forex trading platform. This phony broker has mainly been targeting traders from the UK and Canada.

As a consequence of illegally providing services to Canadian traders, the OSC issued a warning against Goldnrise. The platform is blacklisted, just like DenoxFundz.

In case you are unable to withdraw your funds from this platform, please book a free consultation with Fusion Forensics Limited. We have a team of skillful professionals who can assist you with the chargeback procedure and expressly get your money back.

Book your free consultation today and start the chargeback process.