Honest Review of Golden Shore

Golden Shore review — a story about a project trying to create the illusion of a Forex/CFD broker that’s worth working with. They talk about nearly 8 million clients, 112 industry awards, and 5-star support. Unfortunately, all of this is just bait designed to lure clients into depositing money, which the scammers plan to steal. Want proof? It’s easy — in our materials, you’ll find a detailed analysis of the platform’s data and solid arguments for why you shouldn’t fund accounts opened with these fraudsters.

Key Features

• Company Name: Golden Shore
• Website: https://goldenshore.ltd/
• Available Contacts: [email protected]; +12268320734
• Foundation: 2025
• Services: Forex/CFD trading
• License: No
• Initial Deposit: $250

From Sign-Up to Payout

The official Golden Shore website, designed in strict colors, looks quite appealing. However, the developers don’t really deserve much credit for that: modern templates are well-composed and optimized for loading. In fact, all that’s left is to fill the pages.

But the broker’s team failed to complete even this “super difficult” task, for example:

• On the Funding page, there’s a lot of text describing innovative solutions for non-trading operations and the advantages of partnering with this company. The only problem is that potential clients would rather see a list of payment methods and the conditions: limits, fees, processing times.
• We couldn’t find a list of available markets and trading instruments on the site. Naturally, contract specifications are missing, too.
• The account types page is quite original. By changing the zoom level, you can make another account type appear.
• Out of all the documents that should govern the relationship between broker and trader, only the Terms & Conditions are available on the site. But calling this pathetic document a client agreement would only make sense to someone who has never seen real brokerage documentation.

This list could be much longer — you can add to it yourself. As for us, we’ll just say that the registration process immediately disproves the claim of operating under a regulator. First, the broker doesn’t collect all the required personal data before creating a client account. Second, it ignores verification of the contact information entered. Third, there is no questionnaire and no assignment of retail/professional status to traders. It gives the impression that the broker is completely unfamiliar with regulatory requirements and laws. Of course, there’s always the possibility that they are deliberately ignoring them. In that case, we’re definitely looking at a scam.

Our Trading Experience With Golden Shore

The company didn’t bother taking up website space with fancy descriptions of its trading platform. And frankly, we would’ve done the same. Still, this terminal has a couple of advantages. For example, it uses the TradingView price chart widget as the foundation, and supports multi-chart mode. Add to that the display of market sentiment information for each asset.

But the program has no shortage of drawbacks:

• The market overview is terribly organized. To select a needed symbol, you first have to open the relevant group of assets, then search for the ticker manually. There’s no search system, and you can’t customize the list of displayed symbols. We believe portfolio traders and scalpers — for whom speed is critical — will be deeply grateful to the developers.
• Chart updates, for example, after switching timeframes, occur with a noticeable lag. It’s hard for us to call this the normal operation of trading software.
• Terminal settings don’t even persist within a single session. After switching to the personal account and back, you have to reconfigure everything again.
• Even here, there is no full contract specification. It’s absolutely unclear how a client is supposed to assess the potential profitability and costs of a trade.
• You can’t add custom indicators or use automated trading.

We don’t even think it’s because the broker couldn’t acquire industry-standard software like MetaTrader or cTrader. Most likely, they’re perfectly fine with such a horrible platform. As traders lose money using it, the company gains an opportunity to appropriate their funds without technically breaking the law.

To complete the picture, let’s take a look at the trading conditions Golden Shore offers. We’ve already noted that there are no contract specifications on the website or in the terminal. Let’s see what the broker chose to share in the account types section. The company offers five account types:

• Starter, with a minimum deposit of $250 and leverage up to 1:10.
• Bronze, with a minimum deposit of $1,000 and leverage up to 1:10.
• Silver, with a minimum deposit of $5,000 and leverage up to 1:20.
• Platinum, with a minimum deposit of $10,000 and leverage up to 1:50.
• Prestige, with a minimum deposit of $100,000 and leverage up to 1:100.

The spreads for the three lower-tier accounts are explained very thoroughly: they are regular. But for Platinum, the minimum spread is 2.9 pips, and for Prestige — 1.5 pips. So in order to get somewhat acceptable conditions (let’s recall that most regulated brokers start from 0.7–0.9 pips), you have to deposit a mere $100,000.

Finally, let’s mention the greed of the project’s owners. For every account type, the withdrawal fee is 5% of the trader’s profit. Either it’s a clever trick to make clients think they’ll actually be able to withdraw their funds, or it’s just an attempt to squeeze something out of them on top of the site’s “legitimate” earnings. Judging by Golden Shore’s methods, we’re inclined to believe the first option is more likely.

The Reality Check

Golden Shore lists a Canadian company address on the contact page and proudly claims in the footer that the broker is authorized by the Canadian Financial Security, even providing a license number. We’ll come back to that, but first, let’s look into the company’s registration.

The project owners will probably be disappointed to learn that, in response to a search query in the Canadian business registry, we received a dozen results — none of which exactly match Golden Shore. Moreover, 7 out of those 10 companies are inactive, and none of the remaining 3 have anything to do with financial markets. This gives us every reason to assert that the platform operates without official registration.

So then — who issued the mentioned license, and to whom? The answer is simple: no one, and to no one. The fact is, in the list of Canadian financial regulators (which is not short), there is no organization called Canadian Financial Security. Accordingly, it couldn’t have authorized the broker.

However, we did appreciate the creative talents of the project’s team, who:

• Invented a non-existent regulator.
• Created a separate website for it — even if it’s just a couple of pages.
• Wrote and illustrated a document that doesn’t exist in reality and uploaded it to that site.
• Linked to this fake document in the footer of the broker’s website.

We believe the conclusion is clear:

1. The broker has no registration or license and operates illegally — and only online.
2. It has no corporate bank accounts or cards.
3. It cannot organize real trading, so it merely imitates it.

We’re looking at the full profile of a scammer whose only goal is to steal traders’ money. We hope there are no more people left willing to support scammers with their own funds.

How Long Has Golden Shore Been in the Game?

The scammers decided not to publish any information about the platform’s founding date or history on the site. Instead, they used a clever trick: they showed some statistics and claimed the company has 7.8 million clients. Naturally, you can’t gain that kind of audience in just 1–2 years. So newcomers to the market might think the broker has existed for over 10, maybe even 20 years. Let us disappoint them a bit.

According to the Whois service, the domain goldenshore.ltd was registered only on January 19, 2025. So, at the time of writing our review, the broker was still in its infancy — just a month and a half old. Naturally, the claims about millions of clients and hundreds of industry awards have nothing to do with reality. In fact, this entire legend didn’t stand up to even basic verification.

Extra Fraud Indicators

In just 1.5 months of the broker’s existence, Trustpilot users have posted 11 Golden Shore reviews. 10 of them are glowing, enthusiastically praising the company and giving it the highest rating. Needless to say, none of these reviews were written voluntarily — all were clearly ordered and paid for by the project’s owners. The only honest opinion is a negative one, pointing out that all the comments are fake — just like the company itself.

On reviews.io, there are a few more entries — 28 in total. All of them are 100% positive, with perfect 5-out-of-5 ratings. It seems the broker has decided to invest heavily in creating an attractive public image.

However, experts on niche industry platforms disagree with these reviews. They quickly flagged all the red flags, exposed the project as a scam, and are actively warning their readers.

Is Golden Shore the Right Fit?

We’re confident that after reading our Golden Shore review, there can be no two opinions. The false information on the website, the lack of registration and licensing — what more proof do you need that this is a fraudulent operation? But the broker didn’t stop there: they also purchase fake positive reviews to create a respectable-looking image. Our warning is simple — dealing with these scammers means saying goodbye to your money.

Got Questions? We Have Answers

Weighing the Benefits and Drawbacks