Goldmar Review

Like the overwhelming majority of offshore brokers, Goldmar is blatantly operating a scam. We want you to be aware of that right away so you understand the type of business this evaluation is about. The regulatory authority that regulates the Italian markets has issued a warning against it, but even without that warning, there are unmistakable indications that the company is up to no good. To know more, read a complete Goldmar review.

Website – goldmar.co, goldmar.io, and goldmar.cc

Address – First floor, First St Vincent Bank Ltd Building, James Street Kingstown, St. Vincent and the Grenadines

Warned By – Commissione Nazionale per le Società e la Borsa (Italy) and The Central Bank of Russian Federation (Russia)

We have seen numerous brokers like that, from its registration in an offshore scam haven to its dubious bonus policy. Numerous stories also exist of merchants who were duped by them. Overall, it is a bad idea to engage with such a business; however, even if you are happy to hand over cash to con artists, you would not receive favorable trading terms in return. Dealing with an offshore broker who is a known swindler is not beneficial due to Goldmar’s rudimentary online platform, broad spreads, and leverage!

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