Gold Sky Global has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to ACT Capital Partners AG. We’ve received over 3 complaints against Gold Sky Global.
Gold Sky Global lacks transparency, regulatory permits, and key contact information. Its site is frequently utilized by dishonest brokers, and its exclusive bitcoin deposits and exorbitant fees create concerns. To ensure safety and reliability, investors should look out registered brokers who provide clear legal documents, a variety of payment methods, and comprehensive customer assistance.
We suggest working with a trustworthy broker with specialized staff, latest tech and most importantly, customer-centric trading conditions. After reviewing 1000+ brokers, we rank the following company as the best:
Key Takeaways
Is Gold Sky Global Regulated? Do They Have a License?
Gold Sky Global promotes itself as a broker with unmatched transparency, yet its anonymity and lack of critical information suggest otherwise. This review examines why Gold Sky Global may not be a trustworthy broker for your investments.
Gold Sky Global fails to provide a company name, regulatory license information, or even a contact address. The only document available is a generic Privacy Policy; there are no Terms & Conditions or Customer Agreements. A legitimate financial services provider should disclose comprehensive information about its business, location, licenses, and a full set of legal documents. The absence of these elements raises significant concerns about the legitimacy of Gold Sky Global.
In contrast, brokers regulated in the UK, EU, Australia, and the United States offer substantial protections. UK-regulated brokers guarantee up to £85,000, while EU-regulated brokers cover up to €20,000. Australian brokers ensure the segregation of funds and negative balance protection, and US brokers provide similar protections, though their guarantee regimes vary. These regulated brokers must meet strict net capital requirements, significantly reducing the risk of bankruptcy.
Despite being an unreliable broker, Gold Sky Global offers a web trading interface that is commonly used by fraudulent brokers. Scammers often use manipulated trading software to deceive victims into believing their money is being invested and earning returns.
The lack of regulation or the presence of poor regulation is a huge red flag. It means Gold Sky Global might be a scam or most likely, an illegal operation.
Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.
That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.
In the case of Gold Sky Global, victims have nowhere to go due to the absence of a watchdog or license.
You should ask yourself the following questions when you come across a new investment firm or opportunity:
- Does the investment provider maintain transparency about its CEO?
- Do they have a license from a renowned regulatory authority?
- If the need arises, can I reach out to an authority to report this company as a scam?
Trading Conditions and Deposit/Withdrawal Methods at Gold Sky Global
Gold Sky Global’s platform lacks the dependability and advanced capabilities of industry standard platforms such as MetaTrader 4 (MT4) and MetaTrader 5. These well-established platforms include comprehensive customization possibilities, multiple account usage, automated trading, and compatibility with all device kinds, making them the favored choice among trustworthy brokers.
Gold Sky Global needs a $250 minimum deposit, which is consistent with industry standards. However, for the same money, you could create an account with a reputable and licensed FX broker. Many reputable brokers, such as FP Markets with a $100 minimum deposit, XM with $5, and HFM with no minimum deposit, provide Micro and Cent accounts with low entry requirements that are ideal for new investors.
Gold Sky Global only accepts cryptocurrency deposits, a method frequently utilized by financial fraudsters because to its secrecy and difficulties getting returns. Legitimate brokers often offer a variety of transparent payment options, such as bank transfers, credit/debit cards, and popular e-wallets like PayPal, Skrill, and Neteller. In addition to standard payment options, many trustworthy brokers accept digital currency payments.
Gold Sky Global claims to provide a diverse set of trading instruments, including 40 currency pairs, 19 indices, 8 commodities, 7 metals, 89 cryptocurrencies, and more than 200 stocks. However, these offers lack the credibility of recognized brokers such as FP Markets, XM, and HFM, which provide identical instruments under legitimate trading conditions.
Gold Sky Global claims low spreads, including 0.6 pips for popular currency pairs. However, the lack of transparency around trading fees and commissions makes the true cost of trading unclear. Established brokers such as FP Markets, XM, and HFM offer detailed spread information, ensuring that traders are informed of their real trading expenses.
Gold Sky Global provides a leverage of 1:10 across all asset classes, which is less than what is permitted in most regulated jurisdictions. In the United Kingdom, Europe, and Australia, the maximum leverage for major currency pairs is 1:30, with lower limits for more volatile assets. In the United States, the maximum leverage is 1:50. These regulations are intended to safeguard dealers from undue risk.
Gold Sky Global lacks proper legal documents, so it is unclear what withdrawal requirements may be enforced. Typically, unscrupulous brokers charge exorbitant fees and have unrealistic trading volume requirements. In comparison, professional brokers in regulated jurisdictions do not have such rigorous withdrawal requirements, allowing traders to retrieve their cash with little difficulty.
However, it’s worth noting that many forex scams disable their payment channels before shutting down their operations.
They might give you multiple reasons including:
- A technical error
- A glitch in their system
- Banking issues
- A “hacking attack”
And many others.
But in 9/10 cases, shady forex brokers stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.
To avoid such scenarios, it’s best to work with a reliable and trusted broker.
Gold Sky Global Customer Service: Do They Handle Complaints Well?
When it comes to forex brokers, you should only measure the quality of their customer service if they respond to your complaint.
In the beginning, shady brokers tend to remain very accessible.
This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.
However, they do all this just to win your trust.
Shady brokers understand that to convince someone to give them a large sum, they will need to seem like a friend.
Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.
All of a sudden, their numbers would either stop responding or become unavailable.
Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.
However, in the end, customer support won’t resolve your issues and become increasingly unavailable.
If you have information on a scam or criminal operation, you can get access to 40+ investigative journalists & news outlets for free. Send us a detailed report here and if you qualify, we will forward your case ahead.
Gold Sky Global Reviews: What Do Others Say?
It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.
Even if Gold Sky Global might not be a scam, brokers like them rely on fake reviews to increase their credibility.
TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.
That’s why you shouldn’t trust the online Gold Sky Global reviews easily.
It’s easy to identify fake reviews as well. You should look out for 5-star reviews posted by temporary accounts (profiles that only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.
In the case of Gold Sky Global, chances are, you wouldn’t find many legitimate reviews.
Another prominent way brokers like Gold Sky Global enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “Gold Sky Global reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Gold Sky Global.
You should always look out for consumer complaints. In the case of Gold Sky Global, the most common complaints I found were about:
- Poor customer support
- Delays in payments
- High fees
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about Gold Sky Global? You can share your complaint in the comment section or submit an anonymous tip.
Is Gold Sky Global Legit Or a Scam?
Gold Sky Global is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.
The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind Gold Sky Global can run away with your money without any prior notice. It would help if you were extremely cautious when dealing with an unregulated service provider.
The absence of a watchdog also means you cannot report to them to anyone.
Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.
Can You Trust Gold Sky Global?
Gold Sky Global provides limited benefits. Notable issues include the anonymity of the platform, the lack of legal documentation, insufficient information on trading fees, and the exclusivity of bitcoin payments. These characteristics add to its reputation as a high-risk, untrustworthy investment option.
Gold Sky Global attempts to establish itself as a trustworthy broker. Its anonymity, lack of governmental monitoring, and dubious trading platform make it a risky choice. Investors should look for registered brokers who offer transparency, legal documents, and a range of secure payment alternatives.
All the evidence suggests that Gold Sky Global might be a scam. You shouldn’t risk your funds with a broker you don’t fully trust.
That’s why we recommend working with a trusted broker. That way, you can avoid any hiccups and be certain of
Frequently Asked Questions
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How Forex Scams Work
Intelligence Commissioner investigates & reviews online money-making opportunities. We strive to provide critically helpful information to our readers and assist them in identifying scams. 
