Read our Goldman Block review carefully to see why we do NOT recommend this broker for trading. Just to clear doubts, this is a GoldmanBlock.com review.
Who are they?
After taking a look at their website, it shows that they do not fall under any regulating agency. That is a MAJOR RED FLAG!! That should be enough for you NOT to invest with them. And they also work with websites that offer “Automated trading software” which is another red flag, as this kind of websites are notoriously famous for scamming schemes.
So Goldman Block is just another unregulated forex broker, which means the customers are not protected, and there is highly likely they will get away with your hard earned money and there will be no regulating agency to hold them responsible.
| Regulatory Body | Status |
|---|---|
| FCA (UK) | No record of authorization |
| ASIC (AU) | No record |
| CySEC (EU) | No record |
| SEC / CFTC (US) | No record |
How does it work?
Usually unregulated forex brokers work in the following way. They will call people to persuade them to make the initial minimum deposit, while trying any conceivable method in order to make that happen. They will offer deals that sound too good to be true, like we will double your initial deposit or you will make $100 per day easily. Please don’t fall for anything they say!!! It is a SCAM! After making the initial deposit, people get transferred to a smarter scammer, called a “retention agent”, who will try to get more money out of you.
Withdrawing funds
You should submit a withdrawal request ASAP, because your funds are never safe with an unregulated broker. And here is when things get tricky.
If you want to withdraw your money and it does not matter if you have profits or not, they will delay the withdrawing process for months. If they delay it for six months, you won’t be able to file a chargeback anymore and your money is gone for good. It does not matter how often you remind them or insist in withdrawing your money, you will NOT get them back. And if you signed the Managed Account Agreement or MAA, which is basically authorizing them to do anything they want on your account, they will lose all your funds so there won’t be anything to request anymore.
How to get your money back?
If you already deposited your money with them and they refuse to give your money back, which is very likely to happen, don’t worry, it might be a way or two to get your money back.
First of all you need to keep the emails as a proof that you have been requesting the money back from them but they don’t give it to you, or they delay the process for too long, with the intention of not refunding your money.
The first thing you should do is perform a chargeback! And you should do this right away! Contact your bank or credit card provider and explain how you were deceived into depositing for a trading company that is not regulated and they refuse to give your money back. This is the simplest way of getting your money back and is also the way that hurts them the most. Because if there are many chargebacks performed, it will destroy their relation with the payment service providers. If you haven’t done this before or you are not sure where to start or how to present your case to your bank or credit card company, we can assist you in preparing your chargeback case. Just contact us at [email protected] but do not let your broker know they you read this article or that you are in contact with us.
What about wires?
If you sent them a wire, there is no way to perform a chargeback on a wire. For this step you need to raise the fight to a different level. Tell them that you will go to the authorities and file a complaint against them. That will get them to rethink the refund possibility. Another thing you can do is prepare a letter or email for the regulating agencies. Depending on the country where you live, you can search on google to find the regulating agency for Forex brokers in that country. After that you can prepare a letter or an email describing how you got deceived from them. Make sure you show this letter or email to them, and tell them you will send it to the regulating agency if they don’t refund your money. If you do not know where to start, reach for us at [email protected] and we will help you with this step as well.
Make sure you leave reviews about Goldman Block in other sites
Another way to hurt them and save other people from falling victims is to leave bad reviews on other sites, and describe shortly what happened. If you fallen victim please leave a review and a comment on this site at the comment section. Also, when these people change their website they tend to call the old clients, so if they call you from a new website please write it down on the comment or let us know it by contacting us. That would be really appreciated by us and families all over world. Also if you get phone calls from other companies please put the name of these companies also in the comment or send it to us. We will expose them too.
Goldman Block Review Conclusions
Making the Goldman Block review is actually a pleasure for us, and we hope to save as many people as possible from losing their hard earned money. A good rule of thumb is to carefully review all the Forex companies and any other company for that matter, before you perform any transaction. We hope that our Goldman Block review has been helpful to you. If you have any questions or you need an advice about the withdrawing process, feel free to contact us at [email protected] or by using this contact form.
If you like to trade please do it with a trustworthy, regulated broker, by choosing one of the brokers listed below.
Never ever trust, they are a bunch of scammers, I am a victim, they are to get your money.
I had joined Goldmanblock trading a few months out from the bitcoin halving. I was trading by myself and not via there automated robot system. I was making good money and one day their so called trading manager rang me and tried me to invest more money. When I refused to put more money into the account as I was making money on my original investment. They changed my open trade rate in my account. I was on my computer when I was talking with them watching my trades as I was about to close out my open trades as I had luckily picked the huge drop that happened just before all the coins changed to the up. I had four sell options open and then closed them out while I was talking and had made over $5000 USD on the trades then bought back in to buy at what I consider was going to be the low point just above $10 000 USD. I was again lucky as the price market started to increase back towards $10 500 USD, so I know have 6 new trades open at rates from 10095 to 10300 USD open.
As stated this is when I was talking with this annoying person on the phone and he was basically demanding I should add more money to my account. When I laughed at him and say while I was talking to him I had just made $5000 and thought my current trades set me up for when all the experts were intending bitcoin to finally push past $16000, as did my own analysis gave it good odds. He went quiet and I could hear him speaking with someone near him but could not tell what he was saying.
Then I suddenly saw all open trades flash on my screen and they all from what they were open at to all be identically open rates of $12600. This was two thousand USD more then what they were open at and not just that Bitcoin had only reached a 4 year high of $12500 before the crash happened back to $10000 in 2020. So it was impossible that the trade was even possible to begin with.
I said to GoldmanBlock trading manager what did you just do and explained what had happened. He had the arrogance to just say to me he did not even know what open rate was. Even though his website denotes buy options as open trades. He then made up every excuse why this happens, about the robots, and when I said I was trading and robots were not included he just said I needed to deposit more money to trade.
The large open rates then closed out all of my trades because my percentage reached below 50%, and I lost all of the money I had made. They then changed my deposit amount in my account from being in my balance to being in credit on my account, so they got my initial $7500 Australian dollars investment as well.
Cant believe I got scammed so badly, but the worst bit is if I just had bought bitcoin and put it in my wallet I would have made some money.
Worst company ever and their so called traders are just there to either beg or demand you to deposit more money. At least I fought the greed and refused to give them more.
Oh and they also try to link onto your computer remotely and then try to get you to log into your bank account so they can help you set up a withdrawl from there trading system. Luckily I was not stupid enough to fall for that bit, otherwise I would expect they would have got all my money.
I also got scammed out of £4000.00 by a Chinese? lady, and Don Leman, allegedly from Melbourne. Just before the big jump in bitcoin, the monies mentioned would have me £20,000 plus stake. BEWARE IT IS A SCAM.