GoldnRise aka GoldanRise Review

GoldnRise

Investors Alert GoldnRise aka GoldanRise – Regarding registration of issuance, offer or sale of securities/derivatives, and reporting requirements

Introduction:

Online trading platforms are websites or applications that allow investors to buy and sell various financial instruments, such as stocks, currencies, commodities, or cryptocurrencies. While some of these platforms are legitimate and regulated, others are fraudulent and operate without proper authorization or oversight. One such platform is GoldnRise aka GoldanRise, which has been recently flagged by the Alberta Securities Commission (ASC) for violating securities laws.

Products and Services:

GoldnRise aka GoldanRise claims to offer a wide range of financial products and services, such as forex trading, binary options, CFDs, indices, metals, and cryptocurrencies. It also claims to provide educational resources, market analysis, trading signals, and account management. However, these claims are not verified by any credible source and may be misleading or false.

Financial institution & regulatory license:

GoldnRise aka GoldanRise does not disclose any information about its legal entity, location, or regulatory license on its website. It also does not provide any contact details, except for an email address and a live chat feature. According to the ASC, GoldnRise aka GoldanRise is not registered to trade in or advise on securities or derivatives in Alberta and has not filed any reports as required by securities laws.

Trader’s Reviews and Customer Service:

GoldnRise aka GoldanRise has very few online reviews from traders, and most of them are negative or suspicious. Some traders have reported that they were unable to withdraw their funds, that they were pressured to deposit more money, or that they were scammed by the platform’s account managers. The platform’s customer service is also very poor and unresponsive, according to the complaints.

How do online trading scams operate:

Online trading scams typically lure investors with promises of high returns, low fees, or exclusive opportunities. They often use fake testimonials, logos, or awards to appear legitimate and trustworthy. They may also use aggressive marketing tactics, such as cold calls, emails, or pop-up ads, to persuade investors to sign up and deposit money. Once the investors deposit their funds, the scammers may manipulate the prices, charge hidden fees, or deny withdrawal requests. In some cases, they may even shut down the platform and disappear with the investors’ money.

How to Safeguard Against Fraudulent Brokers:

To protect yourself from online trading scams, you should always do your research before investing in any platform. You should check the platform’s registration status, regulatory license, reputation, and customer service. You should also read the terms and conditions carefully and understand the risks involved in trading. You should never invest more than you can afford to lose and always verify the identity of the person you are dealing with. If you suspect that you have been scammed by an online trading platform, you should report it to the authorities as soon as possible.

Conclusion:

GoldnRise aka GoldanRise is a dubious online trading platform that has been warned by the ASC for violating securities laws. It does not provide any information about its legal entity, location, or license. It also does not have a good reputation among traders and may be involved in fraudulent activities. Investors should avoid this platform and be cautious of any similar platforms that offer too-good-to-be-true deals.

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