Is Goldman Sachs a scam?
Wikilix independent safety report
Yes. The broker that traded as 'Goldman Sachs' at goldmanslead.com is a scam. It is an impersonation of the genuine Goldman Sachs, not the real bank, and it shows the hallmarks of a fraudulent operat…
Risk scorecard · each area scored 0 (clean) to 10 (worst)
Broker Summary
What Wikilix has recorded about Goldman Sachs: its history, the licences it holds, its trading conditions and its fees.
Goldman Sachs Broker Overview
Goldman Sachs is the trading name used by a retail forex and CFD operation that presents itself as a Belize business at Suite 404, The Matalon, Coney Drive, Belize City, and that offered accounts through the website goldmanslead.com. The brand name is identical to that of the New York investment bank, but nothing in this operation connects it to that firm: the bank behind the Goldman Sachs name is THE GOLDMAN SACHS GROUP, INC., a Delaware corporation registered as company 2923466 with the Delaware Division of Corporations and carrying the Legal Entity Identifier 784F5XWPLTWKTBV3E584. The operation profiled here is a separate, unlicensed business using the same name. Its accounts were advertised from a 5 USD minimum deposit with leverage up to 1:1000, and its website no longer resolves.
Goldman Sachs Regulation and License
No financial licence of any kind could be established for this operation. It names no regulator, no licence number and no licensed entity, and no authority anywhere was found to supervise it for forex or CFD dealing. The company it gives as its operator is simply Goldman Sachs, described as a Belize business. A search of the Belize Companies and Corporate Affairs Registry under Goldman, Goldman Sachs, Goldmans and Sachs returned no entity at all, so even a company registration, which would not amount to financial regulation in any case, could not be confirmed.
Is Goldman Sachs Regulated?
No. There is no confirmed regulation and no claimed licence to check. A client of this operation deals with a business that no financial authority licenses, which means no capital requirement applies to it, no segregation of client money is enforced, and no compensation scheme or ombudsman is available if a balance is not returned.
Is Goldman Sachs Safe?
The supported facts point away from safety rather than towards it. The operation is unlicensed, the legal entity it names cannot be found in the registry of the jurisdiction it claims, the only address it publishes is a numbered suite with no officer or head office named, and the only contact route is an email address at the trading domain. That domain no longer resolves, which leaves a client with no route back to the operator at all.
Goldman Sachs Account Types
Four accounts were advertised. Three retail tiers open at a 5 USD minimum deposit and share leverage of up to 1:1000: the Standard Account and the Micro Account, both quoted from 1.0 pip and differing only in minimum trade size at 0.01 and 0.1 lots, and the Goldman Sachs Ultra Low Account, quoted from 0.6 pip. A fourth Shares Account requires 10,000 USD, publishes no leverage figure, prices at the underlying exchange rate and has a minimum trade size of one unit.
Goldman Sachs Spreads, Commissions and Fees
The lowest advertised spread is 0.6 pip on the Ultra Low account, with 1.0 pip on the Standard and Micro accounts. No commission figure, swap rate, inactivity fee or withdrawal charge is published for any account, so the total cost of trading cannot be established from anything the operation discloses.
Goldman Sachs Leverage
Up to 1:1000 on the three retail accounts. No leverage figure is published for the Shares Account. Leverage at that level is several times what onshore regulators permit retail clients, and it is available here without any supervisory limit behind it.
Goldman Sachs Pros and Cons
Pros
- A very low entry deposit of 5 USD on the three retail accounts.
- Spread and leverage figures are at least stated for each retail tier.
Cons
- No financial licence of any kind, so no client money protection and no recourse.
- The named Belize operating entity does not appear in the Belize registry.
- The brand name duplicates that of an unrelated major investment bank.
- No trading platform, funding method, withdrawal term or country policy is published.
- The trading website no longer resolves.
Goldman Sachs Review and Assessment
This is an unregulated operation trading under a borrowed name, and the single most important thing to know before funding an account with it is that there is no licensed entity and no findable company behind it. The commercial terms it advertised, a 5 USD entry and 1:1000 leverage, are the part of the offer that is easiest to state and the least consequential; what matters is that no authority stands behind the money. Anyone holding a balance with it should stop sending funds and gather their deposit records, account statements and correspondence.
Regulatory Licenses
We have not confirmed any regulation for Goldman Sachs. Money deposited with an unregulated broker is protected only by the company itself.
Trading with an unregulated broker puts your deposit at risk.
No regulation
We have not confirmed any regulation for Goldman Sachs. An unregulated broker is not supervised by a financial authority, and money you deposit is protected only by the company itself.
What this means for you
- No compensation scheme covers your funds.
- No regulator to escalate a complaint to.
- No audit of how client money is held.
Account Types
3 account types on record. Minimum deposit from USD 5. Leverage up to 1:1000.
| Account | Min Deposit | Max Leverage | Commission |
|---|---|---|---|
| Shares AccountShares · Invest | USD 10,000 | Not recorded | Not recorded |
| Standard AccountStandard | USD 5 | 1:1000 | Not recorded |
| Micro AccountMicro · Cent | USD 5 | 1:1000 | Not recorded |
Corporate Network
One legal entity behind the Goldman Sachs brand.
- Goldman SachsActiveBelizeEntity name the brand presents as its operating company, given as registered in Belize. A search of the Belize Companies and Corporate Affairs Registry returned no entity under this or any related name, so no registration number or incorporation date could be recorded.
Company Registration
Goldman Sachs names Not disclosed (operator traded as Goldman Sachs) as the operating company. We could not confirm that registration on the registry.
- Legal entity
- Not disclosed (operator traded as Goldman Sachs)
- Jurisdiction
- Belize
- Registered address
- Suite 404, The Matalon, Coney Drive, Belize City, Belize
Brokers worth comparing
2 other brokers on the record share what Goldman Sachs offers — its country, regulator, account types or platforms — set beside it on the same measures.
Goldman Sachs
This recordBelizeWikilix score 20.0RegulationSuspicious CloneMax leverage1:1000PlatformsNot recordedLicencesNot recordedXTrade
Belize · since 2012· Xtrade International LtdWikilix score 20.0RegulationOffshoreFSCMax leverage1:400PlatformsNot recordedLicences4HXFX Global
United Kingdom · since 2018· HXFX GLOBAL Investments LimitedWikilix score 20.0RegulationOffshoreVFSCMax leverageNot recordedPlatforms1Licences1
Frequently Asked Questions
Common questions about Goldman Sachs
Stop sending funds, including any payment presented as a condition of releasing a withdrawal. Collect your deposit receipts, bank or card statements, account statements and all correspondence, then raise a chargeback or recall with the bank, card issuer or payment provider you paid through, and report the loss to the police or financial crime unit in your own country. Because no licensed firm and no findable company is involved, there is no regulator or ombudsman with jurisdiction to compel repayment.
The only contact route published is the email address support@goldmanslead.com, alongside the Belize address at Suite 404, The Matalon, Coney Drive, Belize City. No telephone number, live chat or support portal is given, and the domain that email sits on no longer resolves.
Unknown. The operation publishes no restricted countries list, no accepted countries list and no eligibility clause that could be read, and its registration form is no longer available. The absence of a restriction is not the same as a country being accepted.
No processing time is published for any method. The withdrawal experiences we examined describe accounts being frozen rather than paid out, so no reliable timeframe exists.
It is not published. No card, bank transfer, e-wallet or crypto channel is listed, and no fee, limit or processing time is stated for either direction. Clients have reported being told to send a further large payment, described as an initial public offering subscription, before a withdrawal would be released, which is an advance fee demand and not a withdrawal condition any legitimate broker imposes.
None is disclosed. No MetaTrader 4, MetaTrader 5, cTrader or proprietary platform is named, no server name is given and no download link is published. A broker that will not say what software holds your positions is withholding something basic.
Only spreads are disclosed: from 0.6 pip on the Ultra Low account and from 1.0 pip on the Standard and Micro accounts, with the Shares Account priced at the underlying exchange rate. No commission, swap, inactivity or withdrawal charge is published, so the full cost of trading cannot be worked out from what the operation discloses.
Up to 1:1000 on the Standard, Micro and Ultra Low accounts. No leverage figure is published for the Shares Account. That level is far above what onshore regulators allow retail clients, and here no regulator is imposing any limit at all.
Five US dollars on the three retail accounts, which are the Standard, Micro and Goldman Sachs Ultra Low tiers. The Shares Account requires 10,000 US dollars. No per method minimum is published for any funding channel.
It is not established. The operation names its company only as Goldman Sachs and gives an address at Suite 404, The Matalon, Coney Drive, Belize City. A public name search of the Belize Companies and Corporate Affairs Registry for Goldman, Goldman Sachs, Goldmans and Sachs returns nothing, and no director or officer is named anywhere. There is effectively no legal entity a client could pursue.
We rate it as very likely to be one. It holds no licence, the Belize company it names cannot be found in the Belize register, it trades under the name of an unrelated bank, and clients have described balances being frozen and further payments being demanded before a withdrawal would be released. That combination is not consistent with a legitimate broker.
No. The bank that owns the Goldman Sachs name is THE GOLDMAN SACHS GROUP, INC., a Delaware corporation registered as company 2923466 and carrying the Legal Entity Identifier 784F5XWPLTWKTBV3E584. The operation at goldmanslead.com presents itself as a Belize business and has no established connection to it. Using an established bank's name is one of the most common ways an unlicensed operation borrows credibility.
No. This operation names no regulator and no licence number, and no financial authority was found to supervise it for forex or CFD dealing. It is unregulated, which means there is no licensed firm behind the accounts it sold.
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