Golden Elephant is a clone broker website with its official domain name registered on December 15, 2023, impersonating the broker GO Markets. This website mainly provides investors with services for trading contracts for differences (CFDs) in forex, stocks, metals, indices, cryptocurrencies, commodities, and bonds.
Company Registration Information and Regulatory Status:
According to public information on the Golden Elephant official website, its registered business entity is located in Mauritius, with a company registration number of 170969. This entity is authorized and regulated by the Mauritius Financial Services Commission (FSC), with its office located at Level 7, Office 12, ICONEBENE Lot B441, Rue de L'Institut, Ebene Mauritius.
Upon verification, the Mauritius Business and Corporate Registration Department (CBRD) website shows that the business entity with registration number 170969 is GO Markets Pty Ltd. Additionally, the entity authorized by the Mauritius Financial Services Commission (FSC) holding the license number GB19024896 is also GO Markets Pty Ltd, which has no relation to Golden Elephant. The website design of Golden Elephant, along with its company registration and regulatory information, are all plagiarized from the broker GO Markets.
Opening an account:
To open an account with Golden Elephant: Visit the broker's official website, click “Open Account” on the homepage or the top right corner of the webpage, enter personal information such as name, email and set a password for login, and submit. Upon submission, the account registration will be successful.
Account Types:
Golden Elephant offers users a demo trading account and two different types of real trading accounts: Plus+ Account and Standard Account.
Plus+ Account:
- 24/5 customer support
- Dedicated account manager
- Spreads from 0 pips
- Trading commission: 6 AUD per lot
- Trading instruments: currency pairs, stocks, indices, and commodities
- Minimum trade size: 0.01 lots
- Maximum leverage: 1:500
- EA support
- Free VPS provided
- Hedging allowed
- Available base currencies: AUD, USD, EUR, GBP, NZD, CAD, SGD, CHF, HKD
Standard Account:
- 24/5 customer support
- Dedicated account manager
- Spreads from 1 pip
- Trading commission: 0
- Trading instruments: currency pairs, stocks, indices, and commodities
- Minimum trade size: 0.01 lots
- Maximum leverage: 1:500
- EA support
- Free VPS provided
- Hedging allowed
- Available base currencies: AUD, USD, EUR, GBP, NZD, CAD, SGD, CHF, HKD
Trading Platform:
Golden Elephant provides users with the ST5 trading platform.
Deposits and Withdrawals:
Golden Elephant supports deposits and withdrawals via Mastercard, Visa, Skrill, Neteller, bank transfer, Fasapay, and other methods.
Summary:
Golden Elephant is a fraudulent website impersonating the broker GO Markets. Traderknows advises investors to choose brokers with strong regulation and good reputation for investment activities to avoid unnecessary financial losses.
Currently, this broker is marked as "suspected of fraud" on Traderknows.
