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GoldNrise Review | Exclusive Trading Platform or a Scam?

by Kevin Berry
Rating: 
  3.1/5   Reviews: 9
GoldNrise - logo

Looking for an exclusive trading platform with low spreads and high leverage? GoldNrise claims to offer just that. However, after doing some digging, it seems that their promises may be too good to be true. With numerous negative reviews and accusations of being a scam, it’s important to take a closer look before investing with this broker. Let’s explore what it has to offer and whether their platform lives up to the hype.

Highlights

🏛️ Country UK
⚠️ Regulation
🖥️ Website https://goldnrise.com/
🎲 Demo Account No
⏳ Start Time 2022
💲 Minimum Deposit $500
⚖️ Minimum and Maximum Leverage 1:500
⚙️ Trading Platform MT5
📨 E-mail support@goldnrise.com
📞 Phone +18194843324

First Impression of GoldNrise

We can’t say anything good about the official website of GoldNrise. It’s a mishmash of all the templates out there. The broker boasts about themselves on the homepage and urges clients to open an account as soon as possible. Interestingly, despite the name “GoldNrise,” the broker claims to make clients’ futures golden while using a solely purple color scheme on the website. Not that it’s a significant drawback. It just proves that no one took website design seriously.

GoldNrise - website

Partnership and Bonuses

The broker offers both bonuses and an obvious partnership program. During the registration process, you will be prompted to enter a promo code. As for the bonuses, they are simply enormous here. The amount depends on the account you choose. However, it goes without saying that you won’t be able to withdraw them easily. There are always certain conditions that you will have to fulfill. To be honest, it’s easier to lose your deposit three times than to work off the bonuses that brokers offer. Therefore, this practice is not particularly welcomed by regulators.

Account Opening on Goldnrise.com

Opening an account with GoldNrise immediately left us with a few minutes of disappointment. The form looks standard enough, requiring you to fill in your personal information. However, there’s one catch: the broker requires you to enter a promo code. The problem is, they don’t tell you where to get it. Perhaps a broker manager will provide you with one during a call, but without it, you won’t be able to access the Client Portal.

Registration

Verification

Despite the closed registration, we found out that GoldNrise still requires clients to go through verification. The procedure is not described in detail. In the Privacy Policy, it is stated that all the details can be found in the KYC Policy document. Unfortunately, the broker forgot to add this document to their website. However, we can still say that most likely the procedure will be standard. You will need to confirm your identity, address of residence, and in some cases provide a bank statement.

Pros
  • Verification is mandatory.
Cons
  • The procedure is not described in detail.

Trading Software

We were puzzled when we looked at the trading terminal offered to its clients by GoldNrise. For some inexplicable reason, they offer FxPro’s MT5. To begin with, MT5 does not belong to FxPro. This software was developed by MetaQuotes Ltd. FxPro, like other brokers, simply acquired a license to use the platform.

FxPro MT5

What’s even more stupid is that they offer you to download an essentially useless app. Among the brokers served by MetaQuotes, there is no GoldNrise. Most likely, in the Client Portal of these scammers, you will find a link to a regular web trader that will definitely work.

Features GoldNrise GainfulMarkets  IC Markets
Demo Account ❌️️ ❌️ ✔️
Mobile App ❌️ ❌️ ✔️
Own Development ❌️ ❌️ ✔️

How Can I Trade With GoldNrise?

GoldNrise doesn’t hide that it’s a regular CFD broker. The innovative trading platform turned out to be basically the same software that everyone is already familiar with. So what can this company surprise us with? Perhaps with its trading conditions?

All Info About Accounts

Traders have five options to choose from. GoldNrise is like dozens of other brokers. The more money you deposit, the more premiums the account you’ll get. Accordingly, you’ll have more services in it. The minimum deposit starts from $500, and the size of spreads and commissions is not specified for any account. However, clients are informed that they will have access to smart money management and even trading insurance. Explain why trading insurance is nonsense. Explain why there is no trading insurance in the real market. Finally, it should be noted that leverage is huge, up to 1:500. As if the bonuses were not enough to blow your deposit.

Pros
  • None.
Cons
  • Dubious additional services
  • High leverage.

Market Analysis and Education With Goldnrise.com

Among other services, the broker also offers education and market analysis. Also, analysts can help you create a long-term investment portfolio. However, here’s the catch. All these people are completely anonymous. They are unlikely to have the diplomas of financial analysts and trading experience on real exchanges. Think for yourself what quality of analysis they will provide.

Deposit, Withdrawal, and Fees

GoldNrise does not specify the deposit methods very specifically. In the corresponding section, the company simply mentions that deposits and withdrawals are possible using credit cards and bank transfers. It also states that it may charge customers a commission. However, all the exact amounts of these fees remain a mystery.

Features GoldNrise Maddex Capital AI Global Group
Debit/Credit Cards ✔️ ✔️
Electronic Payments ✔️
Crypto Transfers ✔️ ✔️
Deposit Fee ✔️
Withdrawal Fee ✔️

How Can I Contact It?

The contact information provided by the broker is quite interesting. They offer an American phone number and an English address. However, we have not been able to find confirmation that there is a GoldNrise office in that building. You can also contact support by phone.

Pros
  • All contact information is provided.
Cons
  • The address is likely fake.

Is GoldNrise Dangerous?

Of course, as experts in the field of exposé, we immediately see if it’s a scam or not. If the arguments above are not enough for you, here are a couple more fish in this pond.

How Long Does The Broker Work?

GoldNrise does not provide a specific duration of work, but it’s unlikely you have heard of this broker until now. Checking the domain also shows that it is a complete newcomer to the industry. According to Whois, the website was launched in December 2022.

Domain info

How Is GoldNrise Regulated?

GoldNrise claims that its management company is called IOS Investments LTD. It supposedly operates under a license and is registered in Belize. The firm IOS Investments appeared in the registry of this offshore jurisdiction in 2016. However, being listed on the registry is not enough to claim that the company is licensed. IFSC oversees licensing of brokers in Belize. We have reviewed the list of licensed providers and did not find IOS there. GoldNrise is either shamelessly lying or, even worse, pretending to be another legal entity.

License check

Features GoldNrise Unicorntradefx  AiFxMarkets
European Zone
Asian Zone
American Zone
African Zone
Offshore

Frequently Asked Questions (FAQ)

How to Trade With GoldNrise?

You first need to obtain a promo code. Next, you can register for an account on their platform.

Is GoldNrise Legit?

It operates without the necessary licenses. Therefore, we advise traders to avoid this platform to prevent potential financial losses.

How Risky Is It?

It is a high-risk trading platform. The company's background and history are unclear, making it difficult to trust its claims.
Kevin Berry
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Expert Opinion

I’ve seen my fair share of scam brokers, and GoldNrise definitely raises some red flags. One thing that caught my attention was the striking similarity between GoldNrise’s registration form and that of another scam broker I came across, Virgobanc. From the unregulated status to the lack of transparency, GoldNrise’s tactics seem to be following the same playbook as many other fraudulent brokers out there. As the saying goes, if it walks like a duck and quacks like a duck, it’s probably a duck.

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GoldNrise rating

The level of trust
Quick withdrawal of funds
Efficiency of technical support
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The level of trust
Quick withdrawal of funds
Efficiency of technical support

9 reviews about GoldNrise

Tom April 5, 2023 - 21:53
full of cons
The level of trust
Quick withdrawal of funds
Efficiency of technical support

I have nothing to comment on here. This is a standard broker scam, which every 9 out of 10 companies on the internet are, I would even say, every 9.9 out of 10 companies. You can count the real brokers and forex dealers on your fingers, and this is not one of them.

Reply
Mark James May 1, 2023 - 16:05

Great platform

Reply
Christopher April 14, 2023 - 20:07
Fraudulent organization. Money is not withdrawn back here.
The level of trust
Quick withdrawal of funds
Efficiency of technical support

I immediately sense such scams. If you invest your money here, you can say goodbye to them forever. The scammers won’t hesitate. They’ll scam you and won’t care. Such scams don’t exist for long. The site will definitely stop functioning soon.

Reply
Clifford April 17, 2023 - 12:34
Business model 100% B-Book
The level of trust
Quick withdrawal of funds
Efficiency of technical support

Not so long ago, I came across this website. I’ll say right away – it’s a fraudulent site. There are no pros here and there can’t be, but there are a huge number of cons. I recommend avoiding such sites. Don’t do anything with them. Don’t even consider them. Just close the site and that’s it. Save not only money, but also time, and nerves, which are much more valuable than money.

Reply
Robinson Paul May 1, 2023 - 12:05
GoldnRise is a top-notch Forex broker
The level of trust
Quick withdrawal of funds
Efficiency of technical support

GoldnRise is a top-notch Forex broker. Their spreads are tight and the execution is lightning fast. 10/10. I’ve been trading with GoldnRise for months now and I’m absolutely loving it! Their customer support team is always there to help and they’ve never let me down. I’m constantly getting great returns with their platform and they have a wide selection of trading instruments. 

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Mark James May 1, 2023 - 12:12
I'm happy with GoldnRise for the most part.
The level of trust
Quick withdrawal of funds
Efficiency of technical support

I’m happy with GoldnRise for the most part. The spreads are decent, execution is good and the customer service is helpful. Just a few minor hiccups. I’ve had a good experience with GoldnRise so far. The platform is straightforward and the customer service team is always there to help.

Reply
Alex Brown May 1, 2023 - 12:17
I'm quite impressed with GoldnRise
The level of trust
Quick withdrawal of funds
Efficiency of technical support

I’m quite impressed with GoldnRise. They have a wide selection of trading instruments, their spreads are reasonable and execution is fast. Not perfect, but still a great broker!

Reply
Christian Martineau May 1, 2023 - 13:34
GoldnRise is my go-to broker for Forex trading.
The level of trust
Quick withdrawal of funds
Efficiency of technical support

GoldnRise is my go-to broker for Forex trading. Their platform is really user-friendly and their customer service team is always on-hand to help. 5 stars all the way! They also have a loyalty program that rewards customers for their long-term commitment to the platform. This allows traders to maximize their profits and reduce their risks with the help of additional bonuses and incentives. All in all, this platform is an ideal choice for anyone looking to get the most out of their trading experience.

Reply
Kim Thomas May 1, 2023 - 13:37
Excellent customer support.
The level of trust
Quick withdrawal of funds
Efficiency of technical support

GoldnRise is an okay Forex broker. The customer service could be better, and the spreads could be tighter, but overall it’s not bad. Could be better, but it’s still decent.

Reply

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