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LTG GoldRock Trading Platform Review: High Risk

TraderKnows
TraderKnows
2023-11-18

LTG GoldRock is a forex trading platform established in Hong Kong in 2009. This article will comprehensively evaluate LTG GoldRock from various perspectives, including regulatory licenses, trading instruments, trading software, fund security, deposit and withdrawal channels, leverage ratios, and more.

Introduction to LTG GoldRock Company:

LTG GoldRock, as presented on its official website's corporate section, states that the company is registered and established in Hong Kong. According to the results from a search on the Hong Kong Companies Registry website, the information about the company's registration and establishment in Hong Kong is verified. According to a Whois search conducted by Traderknows, the company's official website domain was registered on June 25, 2009, making it 14 years old as of today.

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Is LTG GoldRock compliant and legal? Does it hold the necessary financial regulatory licenses?

LTG GoldRock's official website indicates that it holds an Australian Financial Services License and is regulated by the Australian Securities and Investment Commission. Upon verification, it has been confirmed that LTG GoldRock indeed possesses an Australian Financial Services License. However, no information has been found regarding regulation by the Australian Securities and Investment Commission. Therefore, it appears that LTG GoldRock may be taking advantage of investors' limited knowledge about regulatory authorities, engaging in false advertising, and operating unlawfully.

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Trading Varieties Offered by LTG GoldRock:

LTG GoldRock does not clearly display specific trading varieties, lacking transparency and making it difficult for investors to assess the platform's trading feasibility.

Trading Software Offered by LTG GoldRock:

The official website of LTG GoldRock does not display any information related to trading software.

Fund Security:

LTG GoldRock's official website does not disclose any information about third-party fund regulation, posing a potential threat to the security of user funds. Additionally, the lack of information about deposit and withdrawal channels makes it challenging for users to understand how their deposits and withdrawals are processed.

Deposit and Withdrawal Channels:

LTG GoldRock has not disclosed any information about user deposit and withdrawal channels, leaving users uncertain about how they can deposit and withdraw funds, thus compromising the security of user funds.

Leverage Ratios:

LTG GoldRock's official website does not provide any information regarding leverage ratios.

Summary:

The LTG GoldRock platform raises several concerning issues. Firstly, LTG GoldRock is not regulated by the Australian Securities and Investment Commission. Secondly, the platform lacks transparency, with the official website failing to display crucial information such as trading instruments, software, and fund regulation, making it difficult for investors to assess risks. Furthermore, the absence of third-party fund regulation information and deposit and withdrawal channels increases concerns about fund security. Traderknows warns users that LTG GoldRock is involved in questionable financial practices, and investors should exercise caution and carefully choose their investment platforms. Currently, this broker is listed as "Suspected Fraud" on Traderknows.

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Risk Warning and Disclaimer

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.

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Ponzi Scheme

Ponzi scheme is a type of financial fraud model that promises high returns and pays early investors with the funds from new investors, ultimately leading to losses for the majority.

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