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Regarding the legitimacy of GoldRush forex brokers, it provides a comprehensive investigation into the security aspects of regulatory and WikiBit, as well as whether there are any negative scam reviews.

Rating Index

WikiFX Detection

Business

Influence E

License

ASIC Suspicious Clone

Is GoldRush safe?

Item: GoldRush
Rating: 1.27

The regulatory license is the strongest proof.

ASIC Common Business Registration

Australia Securities & Investment Commission

Regulatory Agencies Introduction

Current Status:

Suspicious Clone
License Type:
Common Business Registration

Licensed Institution:
GOLD RUSH GLOBAL GROUP PTY LTD
Effective Date:
2023-03-22
Email Address of Licensed Institution:
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Sharing Status:
No Sharing
Website of Licensed Institution:
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Expiration Time:
--
Address of Licensed Institution:

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Phone Number of Licensed Institution:
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Licensed Institution Certified Documents:

Annex1

Is GoldRush A Scam？

Introduction

　　GoldRush is a forex broker that has positioned itself in the competitive landscape of online trading, offering a variety of financial instruments including currency pairs, futures, and cryptocurrencies. With the lure of high leverage and diverse trading options, it attracts both novice and experienced traders. However, the forex market is fraught with risks, and traders must exercise caution when evaluating brokers. The potential for scams is high, and due diligence is essential to ensure the safety of investments and the legitimacy of the broker. This article aims to provide an objective analysis of GoldRush, focusing on its regulatory status, company background, trading conditions, customer experience, and overall risks associated with trading on its platform. The investigation is based on multiple credible sources, including broker reviews, regulatory databases, and user feedback.

Regulation and Legitimacy

　　The regulatory status of a broker is a critical factor in determining its legitimacy and reliability. GoldRush claims to be regulated by the Australian Securities and Investments Commission (ASIC); however, multiple sources have raised concerns about the authenticity of this claim, suggesting that GoldRush may be operating as a clone firm without valid regulation.

　　To clarify its regulatory standing, the following table summarizes the core regulatory information:

Regulatory Authority	License Number	Regulatory Region	Verification Status
ASIC	666 677 265	Australia	Suspicious Clone

　　The lack of clear regulatory oversight raises significant doubts about GoldRush's adherence to industry standards and investor protection measures. ASIC is known for its strict regulations and commitment to safeguarding investors, which makes the broker's claims particularly alarming. The absence of a valid license could expose traders to higher risks, including potential fraud and the inability to recover funds in case of disputes.

Company Background Investigation

　　GoldRush is operated by Gold Rush Global Group Pty Ltd, a company that has not provided sufficient transparency regarding its ownership structure and operational history. The lack of detailed information about the company's founding, management team, and business practices is concerning. A credible broker typically offers insights into its leadership, allowing potential clients to assess their expertise and experience in the financial markets.

　　The management team behind GoldRush has not been prominently featured in available resources, which raises questions about their qualifications and commitment to ethical trading practices. Transparency is a hallmark of reputable brokers, and the absence of publicly available information on GoldRush's leadership can be seen as a red flag. This lack of clarity could hinder traders' ability to make informed decisions regarding their investments.

Trading Conditions Analysis

　　When evaluating a forex broker, understanding the trading conditions, including fees and spreads, is paramount. GoldRush offers various trading instruments and claims to provide competitive trading conditions; however, there are concerns regarding hidden fees and unclear pricing structures that could affect profitability.

　　The following table compares core trading costs:

Fee Type	GoldRush	Industry Average
Major Currency Pair Spread	N/A	1.0 - 2.0 pips
Commission Model	N/A	Variable
Overnight Interest Rate Range	N/A	0.5% - 1.5%

　　The absence of specific information about spreads and commissions raises concerns about the overall cost of trading with GoldRush. Traders may find themselves facing unexpected charges that could diminish their returns. Additionally, the lack of clarity regarding the overnight interest rates may lead to confusion and dissatisfaction among clients.

Customer Fund Safety

　　The safety of customer funds is a crucial aspect of any brokerage, and GoldRush's measures in this regard warrant careful examination. Reports suggest that GoldRush has faced issues related to fund withdrawals, which raises concerns about the security of clients' investments.

　　The broker's policies on fund segregation, investor protection, and negative balance protection are not well-documented, leaving traders uncertain about the safety of their capital. Without robust safeguards in place, clients may find themselves vulnerable to potential losses and fraudulent activities.

　　Historical issues surrounding fund security further complicate the broker's reputation. Traders must be cautious and consider the implications of investing with a broker that lacks a solid track record in safeguarding client funds.

Customer Experience and Complaints

　　Customer feedback is a vital component of assessing a broker's reliability. Reviews of GoldRush indicate a mixture of experiences, with many users reporting difficulties in withdrawing funds and a lack of responsive customer support.

　　The following table summarizes common complaint types and their severity:

Complaint Type	Severity Level	Company Response
Withdrawal Issues	High	Poor
Lack of Transparency	Medium	Average
Customer Support Response	High	Poor

　　Several users have shared their experiences of being unable to withdraw funds, which is a significant concern for any trader. A broker's ability to facilitate timely withdrawals is essential for maintaining trust and credibility. Additionally, the quality of customer support has been criticized, with many users reporting long response times and inadequate assistance in resolving issues.

Platform and Execution

　　The trading platform's performance is crucial for a seamless trading experience. GoldRush claims to offer a proprietary trading software, but user reviews suggest that the platform may not be as stable or efficient as advertised. Concerns regarding execution quality, slippage, and order rejections have been noted by traders.

　　The potential for platform manipulation is another area of concern. Traders must be vigilant and ensure that the broker provides a fair and transparent trading environment, free from any undue influence or unfair practices.

Risk Assessment

　　Using GoldRush poses several risks that traders should be aware of. The following risk assessment summarizes key areas of concern:

Risk Category	Risk Level (Low/Medium/High)	Brief Description
Regulatory Risk	High	Lack of valid regulation raises concerns
Fund Safety Risk	High	Issues with withdrawals and fund security
Customer Service Risk	Medium	Inadequate support and response times

　　To mitigate these risks, traders should conduct thorough research and consider alternative brokers with a proven track record and regulatory oversight. It is essential to prioritize safety and transparency when selecting a trading partner.

Conclusion and Recommendations

　　In conclusion, the evidence suggests that GoldRush carries significant risks and potential red flags that warrant caution. The broker's dubious regulatory status, lack of transparency, and history of customer complaints indicate that it may not be a safe option for traders.

　　For those considering trading with GoldRush, it is advisable to proceed with extreme caution. Traders should explore alternative brokers that are well-regulated, transparent, and have a solid reputation for customer service. Some reputable alternatives include brokers such as IG, OANDA, and forex.com, which offer robust regulatory oversight and a commitment to client safety.

　　Ultimately, the decision to trade with GoldRush should be made with careful consideration of the risks involved and a thorough assessment of the broker's credibility.

Is GoldRush a scam, or is it legit?

The latest exposure and evaluation content of GoldRush brokers.

[5th Disclosure] Title: Unsettled Liquidation Amount of 90 million won (From the closing date of '24.9.09, 3 months have passed)

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

[4th Disclosure] Title: Unsettled Liquidation Amount of 90 million won (Closing Date: 2024.9.09.) .

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.

[3rd Exposure] Exposure of Delay in Withdrawal of 30 Million Won in Margin after 4 Months and Site Suspension.

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

(Second disclosure) Margin of 30 million won (approximately 1/3 (35%) of the margin) Cannot be withdrawn even after 2 months, and 13 million won of currency exchange fee transferred due to additional cost request exposed the company's embezzlement and breach of trust by failing to account for investment funds (deposits).

Contents: (1) Delay in margin (margin) withdrawal: I requested withdrawal of 30 million won of margin on March 28th of this year (2024), but {margin of about 73 million won ($53,336.65; account 100276 + exchange fee 13 million won = 86 million won) 10,000 won)}-Until June 11th of this year (2024) _10,000 won, even after 2 months-#Withdrawal request completed (2024.6.03.) In response to the reply--the exact withdrawal expected date is not confirmed--that it will be processed as quickly as possible Even after a week, the deposit has not yet been deposited into the account.   (2) Additional cost request: In response to the withdrawal request, there was a request from GRG headquarters to remit two types of additional money of approximately 23 million won, a. “Currency exchange fee” of approximately 13 million won. Request for withdrawal of margin was made on April 5, 2024, but-# refund of exchange fee and account of deposit (margin) have not been fulfilled even after 2 months. b. Request for 10 million won as “verification fund” ( (Dated April 5, 2024) There was a fact that there was a non-compliance and a “loss of effect” treatment at the head office (May 7, 2024),  -Accordingly, in protest a. above,  GRG Company’s embezzlement, misappropriation, and breach of trust were confirmed. Existence revealed. c. The domestic call center said it would handle it according to the regulations, and - despite the head office providing a reply with no effect (reindicated on May 7-6.03, 2024) - when the funds are ready, they will help with the deposit account. There were only 10 comments saying they would give it ('24.5.02~'24.5.14.) - We are continuously requesting 10 million won as verification funds in item b. above, and -# Withdrawal of the domestic call center as of '24.4.11. There is a precedent for doing so - even after receiving the attached reply from the customer support team - unable to apply for withdrawal - revealing the dissatisfaction of eagerly awaiting the deposit,     (3) Financial disadvantage: This investor is not able to receive margin withdrawal in a timely manner, and we emphasize that this investor is being driven out onto the streets at a significant financial disadvantage. #The above facts are considered unfair trading practices. This is the second disclosure (the first was on May 29, 2024).     (4) Attachment; - Screenshot of deposit remittance: Currency exchange fee (approximately 13 million won); ’24.4.03-‘24.4.04.   - 2 types of dealer background screenshot photos (4 before and after login)   - 1 copy of the GRG headquarters reply dated June 3, 2024 (1 sheet)

GoldRush's latest industry rating score is 1.27, the higher the score the safer it is out of 10, the more regulatory licenses the more legitimate it is. GoldRush If the score is too low, there is a risk of being scammed, please pay attention to the choice to avoid.