How to recover your investment from Goldland Capital Group Asia – Scam Broker Review
Be on the Lookout; Goldland Capital Group Asia is a shady broker; Your investment is at risk. Read this review you want to recover your investment from Goldland Capital Group Asia.
Is Goldland Capital Group Asia a legit broker and how to recover your investment?
Goldland Capital Group Asia is a broker that offers services such as forex, CFD and binary options and or cryptocurrency trading.
However, things with the companies associated with GCG appear more complicated than that. When we downloaded GCG’s MT4, we saw it belongs to another ASIC-regulated company – ETO Group Pty Ltd. On the other hand, in the Client agreement uploaded on the broker’s website indicates a different company name – Goldland Capital Group Limited. The client agreement also clearly shows that GCG acts as a market maker, although on its website the broker claims to utilize No-Dealing-Desk execution.
Goldland Capital Group Asia broker relies on a number of tricks to reach to their prospects and make them believe that the money they are investing with them is in safe hands and will generate humongous returns. Such tricks include the use of the state of the art websites and apps, with all sorts of attractive trading conditions followed by well-spoken staff and very efficient customer support after signup. This is all smoke and mirrors.
In fact, the Goldland Capital Group Asia staff operates as part of a network of anonymous call centers in undisclosed locations. They will outright lie to you about their location and even their names. The staff uses stage names when communicating with the clients to add a layer of anonymity. Using excellent sales skills paired with manipulative psychology techniques, the staff involved in this sophisticated scam will prompt the victims to invest always more money, often beyond what they had planned in an attempt to avoid losing it all. This type of scam is now widespread and used to defraud unsuspecting victims billions of dollars annually.
Did you invest with an offshore broker?
Goldland Capital Group Asia broker Reviews
A look into Goldland Capital Group Asia Reviews on various internet forums will reveal that Goldland Capital Group Asia clients have had issues withdrawing their investments and/ or profits. Though the reviews regarding Goldland Capital Group Asia have been drawn from various sources, it reveals a similar challenge. Goldland Capital Group Asia entices clients into this scam through interesting profits posted to their clients’ trading accounts.
The company even goes to the extent of transferring some of the money back to the clients. Once the clients’ trust is gained, they are prompted to invest more money for much better returns. Once the client has transferred the money, the problems begin.
Goldland Capital Group Asia broker will then manipulate the trading platform to create scenarios jeopardizing the clients’ investments. The clients are then prompted by Goldland Capital Group Asia Financial Analysts to transfer more money into their accounts to reduce the losses they are facing, often to avoid losing their investments altogether. Immediately after they do this, withdrawing the funds becomes an issue.
How To Recover Your Investment From Goldland Capital Group Asia Broker?
There is no easy way to recover your investment once you have sent it to Goldland Capital Group Asia. Goldland Capital Group Asia is structured in such a way that it makes it hard to pinpoint the scam to specific individuals and prove any wrongdoing. Goldland Capital Group Asia constitutes a brokers brand that is managed by a chain of shell companies registered in fiscal havens. Building a legal case against the broker would require one to utilize the services of a private investigator to track the money trails and trace it to individuals who could testify of the fraudulent practices of the broker. This does not even factor in the huge legal costs that would be required to institute a civil action in such offshore locations. Such prohibitive costs make it hard for customers of Goldland Capital Group Asia to take any action.
However, hope is not lost. There are other means through which investors can recover their funds from Goldland Capital Group Asia, without going the civil action route. A number of Goldland Capital Group Asia victims have managed to recover their investment by maneuvering the banking legal system. While this method might be unknown to many people, it is possible for an individual to get his or her bank to reverse credit card charges and bank wire transactions in his or her favor. While this is possible, the route has a lot of rules and regulations around such a procedure and it would be wise to hire an expert if you want to recover your money from Goldland Capital Group Asia broker.
Have You Invested With This Broker?
Watch this short video to understand more about the investment scams
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More reasons not to trust GCG Asia
Founded in 2013, Goldland Capital Group is a company offering online trading services in more than 20 currency pairs, as well as precious metals to trade on the MT4 platform. On its website, GCG claims to have offices in the United States, Australia and New Zealand and provides a license number for the Australian Securities and Investments Commission (ASIC) which belongs to Trademax Capital Pty Limited, we therefore assume that the Goldland Capital Group Pty Ltd. Acts as an authorized representative.
However, things with the companies associated with GCG seem more complicated than that. When we downloaded the GCG MT4, we saw that it belonged to another company regulated by ASIC – ETO Group Pty Ltd. On the other hand, in the customer agreement downloaded from the broker’s website, it is indicated a different company name – Goldland Capital Group Limited. The agreement with the client also clearly shows that GCG acts as a market maker, although on its website the broker claims to use the No-Dealing-Desk execution.
Although regulation in Australia is considered one of the most reliable in the world, such a lack of clarity seems worrisome. ASIC requires licensed companies to meet strict capital requirements ($ 1 million), keep client funds in separate accounts, and comply with other risk management standards, staff training and transparency. Unlike most regulated brokers in the EU, however, Australian brokers are not covered by a compensation scheme.
GCG is an Australian forex broker and market maker who does not share a lot of information about their trading conditions on their website and the situation with companies associated with the GCG brand seems confusing. It appears that he acts as an authorized representative of an entity regulated by ASIC.
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