GoldRush Forex broker specializes in providing foreign exchange trading services, the company's official website https://grggply.com, the company's legitimate regulatory information AustraliaASICCommon Business Registration, to enhance the security of the company's address Suite 135, 78 Gawler Place, ADELAIDE SA 5000.
GoldRush Forex Broker
Basic information
Australia
1-2 years Suspicious Regulatory License Suspicious Scope of Business Suspicious Overrun High potential riskCompany profile
What is GoldRush？
GoldRush Global Group Pty Ltd presents itself as a trading entity offering a range of market instruments and leveraging opportunities. GoldRush entices traders with access to over 50 currency pairs, futures, cryptocurrencies, and cryptocurrency CFDs, all facilitated through its proprietary Gold Rush trading software, which is available across web, iOS, and Android devices.
However, caution is advised when considering involvement with GoldRush, especially given reports of difficulties in fund withdrawals and suspicious clone condition.
If you are interested, we invite you to continue reading the upcoming article where we will thoroughly assess the broker from various angles and present you with well-organized and succinct information. By the end of the article, we will provide a concise summary to give you a comprehensive overview of the broker's key characteristics.
Pros & Cons
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Pros of GoldRush:
- Diverse Market Instruments: GoldRush offers access to a wide range of market instruments, including over 50 currency pairs, futures, cryptocurrencies, and cryptocurrency CFDs. This diversity allows traders to explore various investment opportunities and diversify their portfolios.
- Leverage Options: GoldRush provides leverage options ranging from 1:00 to 1:400, allowing traders to amplify their trading positions and potentially enhance returns. Higher leverage can be advantageous for experienced traders seeking greater exposure to market movements.
- Trading Platforms: GoldRush offers its proprietary trading software, available on web, iOS, and Android platforms. This provides flexibility and convenience for traders, allowing them to access the markets and manage their positions from different devices.
Cons of GoldRush:
- Suspicious Regulatory Status: GoldRush's claim of regulation by the Australia Securities and Investments Commission (ASIC) is under scrutiny, with concerns raised about its legitimacy. The lack of clear regulatory oversight raises doubts about the broker's adherence to industry standards and investor protection measures.
- Withdrawal Issues: There have been reports of difficulties in withdrawing funds from GoldRush accounts. This indicates potential challenges in accessing invested capital, which can be concerning for traders seeking liquidity and transparency in their dealings with the broker.
- Absence of Demo Account: GoldRush does not offer a demo account for traders to test the platform and familiarize themselves with its features and functionality. This lack of a risk-free environment for practice trading may deter cautious investors who prefer to evaluate a platform before committing real funds.
Is GoldRush Safe or Scam？
The regulatory status claimed by GoldRush Global Group Pty Ltd, purportedly under the Australia Securities and Investments Commission (ASIC) (License Type: Common Business Registration, license number: 666 677 265), raises suspicions of being a clone or potentially fraudulent entity.
Before committing funds to GoldRush or similar platforms, thoroughly evaluate the risks and potential rewards associated with such investments. Due diligence includes verifying the legitimacy of regulatory claims and ensuring the security of funds.
Market Instruments
GoldRush provides a diverse range of trading instruments to cater to the varied preferences and strategies of its clients.
Currency pairs：
With more than 50 currency pairs, futures contracts, cryptocurrencies, and cryptocurrency CFDs (Contract for Difference), GoldRush ensures that traders have ample opportunities to diversify their portfolios and capitalize on market movements across different asset classes.
Currency pairs form the cornerstone of forex trading, and GoldRush offers a wide selection of major, minor, and exotic currency pairs. This includes popular pairs such as EUR/USD, GBP/USD, USD/JPY, as well as less commonly traded pairs like USD/TRY or GBP/NZD. Traders can leverage these currency pairs to speculate on the relative strength and weakness of different economies around the world.
Futures:
Futures contracts provide traders with exposure to a wide range of commodities, indices, and financial instruments. GoldRush enables traders to access futures contracts across various asset classes, including commodities like gold, silver, crude oil, agricultural products, indices such as the S&P 500 or NASDAQ, and interest rate futures like Eurodollar or Treasury bonds. These futures contracts offer opportunities for hedging, speculation, and portfolio diversification.
Cryptocurrencies:
Cryptocurrencies have gained significant traction in the financial markets, and GoldRush allows traders to participate in this burgeoning asset class. With a selection of popular cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Ripple, and more, traders can capitalize on the volatility and potential returns offered by digital currencies.
How to Open an Account？
To open an account with GoldRush, please follow these steps:
| Step 1 | Visit the Website |
| Step 2 | Click on “Sign Up” |
| Step 3 | Fill in User Information |
| Step 4 | Create a Password |
| Step 5 | Confirm Password |
| Step 6 | Agree to Terms and Privacy Policy |
| Step 7 | Submit Registration |
| Step 8 | Verification |
| Step 9 | Account Activation |
| Step 10 | Fund Your Account |
| Step 11 | Start Trading |
Leverage
Gold Rush Global Group Pty Ltd provides investors with the opportunity to utilize leverage ranging from 1:100 to 1:400 times. Leverage essentially allows investors to control larger positions in the market with a smaller amount of capital. This means that for every dollar invested, traders can access a larger amount of capital to trade with, amplifying potential returns.
However, while high leverage can lead to higher profits, it also significantly increases the level of risk involved in trading. The use of leverage magnifies both gains and losses, making it imperative for investors to approach it with caution and careful consideration.
Trading Platforms
Gold Rush offers a comprehensive suite of trading platforms to cater to the diverse needs of its clients. Whether accessed through the web version, iOS, or Android platforms, Gold Rush trading software offers many instruments on their platforms.
The platform integrates three major functions crucial for successful trading: market charts, technical analysis tools, and order trading capabilities. This integration empowers traders with a holistic view of the markets, enabling them to stay informed about market movements, analyze trends with precision, and execute orders with ease.
One of the key strengths of Gold Rush trading software lies in its versatility and accessibility across devices. Whether accessed through the web version, iOS, or Android platforms, the software offers a consistent and seamless trading experience. This ensures that traders can stay connected to the markets and manage their investments anytime, anywhere, enhancing flexibility and accessibility.
Deposits & Withdrawals
For Deposits:
To fund your account, you can apply through the platform's customer service for capital injection. The platform boasts a comprehensive recharge system designed to ensure the safety of every investor's funds.
When it comes to depositing funds into your Gold Rush account, the platform theoretically supports all banks. However, the daily capital injection limit is subject to the limit set by your bank. However, if your bank's limit is too low, adjustments can typically be made.
Once you've initiated a deposit request, the time it takes for the funds to reach your Gold Rush account primarily depends on the remittance process of your bank. Generally, this process takes between 1 to 5 working days.
For Withdrawals:
Similarly, withdrawals from your Gold Rush account follow a similar timeframe, with funds typically reaching your bank account within 1 to 5 working days.
User Exposure on WikiFX
On our website, you can see a report of unable to withdraw. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.
Customer Service
Customers can visit their office or get in touch with customer service line using the information provided below:
Telephone: +61415517695
Email: support@grggply.com
Address: Suite 135, 78 Gawler Place, ADELAIDE SA 5000
GoldRush offers a contact form as part of their trading platform. This allows traders to communicate with customer support or other traders directly through the platform. Contact form can be a convenient way to get real-time assistance or to engage in discussions with fellow traders.
Conclusion
GoldRush offers a diverse range of market instruments and leveraging opportunities through its proprietary trading software. However, the broker's claim of regulation by ASIC is clouded with suspicion, casting doubts on its legitimacy and adherence to industry standards. Reports of withdrawal issues further exacerbate these concerns, raising red flags regarding the broker's reliability and transparency.
Frequently Asked Questions
| Q 1: | Is GoldRush regulated by any financial authority？ |
| A 1: | No. It has been verified that this broker currently has no valid regulation. |
| Q 2: | How can I contact the customer support team at GoldRush？ |
| A 2: | You can contact via telephone: +61415517695, email: support@grggply.com and online messaging. |
| Q 3: | Does GoldRush offer demo accounts？ |
| A 3: | No. |
| Q 4: | What platform does GoldRush offer？ |
| A 4: | It offers Gold Rush trading software. |
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
Rating Index
GoldRush Similarly Rated Brokers
Latest Reviews
가인
South Korea
GoldRush platform is exposed as a "comprehensive department store" for various crimes such as civil and criminal closure, fraud, etc. The main contents are as follows. 1. The fact that it closed on September 9, 2024, was exposed on the website, and as a result, the liquidation amount of approximately 90 million won is in an unsettled state. 2. Despite the passage of 5 months, the withdrawal request for a margin of 30 million won has not been fulfilled in 4 attempts. 3. Although a remittance of 13 million won for exchange fees was made, a refund was not made within 24 hours, and the margin was also not settled. 4. An additional verification cost of 10 million won was requested, but it was voluntarily invalidated by the GRG platform. 5. The promise to withdraw a margin of 30 million won was violated a total of 4 times. 6. Due to the problem of "absence of email communication channel" with the company, 100 emails were sent but no replies were received. In addition, problems such as fraud in the existence of the Korean branch and additional cost demands when withdrawing the margin occurred. As a result, serious economic [withdrawal request from family's (spouse) account] and social damage occurred. Please refer to the attached evidence materials and take proactive measures. **Conclusion** GoldRush platform is exposed as a "comprehensive department store" for frequent occurrence of crimes such as closure, fraud, deception, embezzlement, misappropriation, embezzlement, coerced confession, and threats. **Attached materials:** 1. GoldRush closure screenshot (2024.9.09.). 2. Remittance history for exchange fees (approximately 13 million won) and 3 screenshots of dealer background (margin $53,336.65). 3. 4 email replies received / 1 email sent. 4. Copy of family's account in the name of the account.
Exposure
2024-09-10
가인
South Korea
We expose the GoldRush platform company as a comprehensive department store of crimes including civil and criminal fraud. The main contents are as follows: 1. There were 4 breaches of promise for withdrawal of 30 million won in margin after 4 months. 2. Approximately 90 million won in settlement money due to site suspension was not settled. 3. When transferring 13 million won in exchange fees, a refund condition was set within 24 hours, but no refund was made. 4. Request for additional 10 million won in verification fees was invalidated. 5. The promise to withdraw 30 million won in margin was violated 4 times. 6. There were problems such as lack of company email communication window, fraud at the Korean branch, and additional cost demands when withdrawing margin. As a result, the informant is suffering serious economic and social damage. I have attached the relevant evidence, so I request you to take active action. - I expose this as a comprehensive department store of existing crimes, including fraud, embezzlement (theft), embezzlement, breach of trust, torture of hope, and intimidation. **Attached materials** Remittance details of currency exchange fees (approximately 13 million won) and 3 screenshots of dealer background (the deposit of $53,336.35 will be submitted as attached photos at the time of secondary exposure) - 2pp
Exposure
2024-08-18
가인
South Korea
GoldRush exposes GoldRush platform as a "comprehensive department store" for 8 types of crimes such as civil and criminal closure, fraud, etc. The main contents are as follows. 1. The fact that it closed on September 9, 2024, was exposed on the website, and even though 4 months have passed, the settlement amount of approximately 90 million won is still unsettled. 2. Even though 8 months have passed, the withdrawal request for a margin of 30 million won has not been executed in 4 attempts, and the withdrawal promise has been violated 4 times in total. 3. Although a remittance fee of 13 million won was sent, the refund was not made within 24 hours, and the margin was also not settled. 4. Although an additional verification cost of 10 million won was requested, GoldRush platform voluntarily invalidated it. 5. Due to the problem of "absence of email communication channel" with the company, more than 100 emails were sent but no reply was received. In addition, problems such as fraud in the existence of the Korean branch and additional cost demands when withdrawing the margin occurred. As a result, serious economic [withdrawal request from a family account], and social damage occurred. Please refer to the attached evidence materials and take proactive measures. **Conclusion** GoldRush platform is exposed as a "comprehensive department store" with a history of 8 types of criminal acts such as closure, fraud, deception, embezzlement, misappropriation, embezzlement, coercion, and intimidation. **Attached materials:** 1. GoldRush closure screenshot (2024.9.10.) 2. Remittance history for exchange fees (about 13 million won) and 3 types of dealer background screenshots (margin $53,336.65) 3. 4 replies to received emails / 1 sent email 4. Copy of a family account in the name of the account holder
Exposure
2024-12-13