Is Goldmar a Broker Scam?
Combobulating Group LLC is the company behind Saint Vincent and the Grenadines (SVG)-based foreign broker Goldmar. All of that is wonderful, but there is a significant issue.
In particular, the Financial Services Authority (FSA), the body that oversees SVG, does not control the Forex markets, which suggests that Goldmar is not authorized. Because of this, the overwhelming majority of SVG-based vendors are frauds.
To defraud traders from different countries, Goldmar, an offshore broker from Saint Vincent and the Grenadines, operates a very dubious operation.
Spreads and Penalties
The gap for the benchmark EUR/USD trades at 2 pip. This is quite expensive and above the standard for the sector. The Account Types part of the website states that the company doesn’t impose trading commissions.
Therefore, their main objective is to steal your money.
Incentives for Deposits at Goldmar
Yes, we have those annoying incentives. Like most con artists, Goldmar hid a shady provision behind bonuses. Bonuses are not allowed for a purpose.
Trades must be made in an absurd volume before a trader can withdraw money, and this is due to circumstances like this one.
Deposit and Withdrawal Procedures at Goldmar
Goldmar needs a minimum deposit of 250 EUR. We feel there is simply too much at stake when dealing with a dealer who is so unreliable.
Goldmar allows wire transfers as well as credit/debit cards as payment options. Withdrawals are said to take up to 4–7 working days. Although fees weren’t revealed, we think they exist.
Has Goldmar Scammed You? Get help from Report Scam
This is without a question a nasty online investment scam. As a result, it’s alluring, and we can see how you might have given in to it.
However, we’re available to assist you in obtaining your money back. Think about asking for a refund. Contact us for a free consultation so that we can work through the procedure together.
Read about a similar scam broker – Medifinance Limited review
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