Golden Share claims to be a trusted broker without presenting any information about its regulation. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated brokers always present their accreditations and licenses in a prominent position. It is a red flag.
Golden Share also claims to be located in Cyprus and presents two telephone numbers that belong to Australia and the UK. So we searched Cyprus Securities and Exchange Commission (CySEC), Australian Securities & Investment Commission (ASIC), and the United Kingdom Financial Conduct Authority (UK FCA).
After searching, we found no results that match Golden Share in ASIC. That means the broker is not regulated in Australia.
Moreover, both CySEC and UK FCA issued warnings that Golden Share is not authorized to provide financial services by the regulators.
The truth is that Golden Share is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.
Golden Share claims to be a trusted broker without presenting any information about its regulation. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated brokers always present their accreditations and licenses in a prominent position. It is a red flag. Golden Share also claims to be located in Cyprus and presents two telephone numbers that belong to Australia and the UK. So we searched Cyprus Securities and Exchange Commission (CySEC), Australian Securities & Investment Commission (ASIC), and the United Kingdom Financial Conduct Authority (UK FCA).After searching, we found no results that match Golden Share in ASIC. That means the broker is not regulated in Australia. Moreover, both CySEC and UK FCA issued warnings that Golden Share is not authorized to provide financial services by the regulators. The truth is that Golden Share is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.