Goldman Sachs

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.