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Contract reading

What Goodwill Gold legally published, but does not want you to read

Every clause below is published by Goodwill Gold itself, on its own website, today. The finding is not that the text exists. It is the distance between what a client is shown and what a client agreed to. Read from its own documents on .

Contracting entity: Goodwill Gold Group (Hong Kong) Limited

sole discretionhidden feewithdrawalsdeemed acceptanceforum waiverlanguage arbitrageprofit voidingunilateral amendmentbonus lockcountry restriction

Goodwill Gold contracts in Chinese and treats its English pages as reference only. Taking out money you did not trade costs 6%. Trading the company calls abnormal freezes your account for 3 months and can strip every dollar of profit. Your funds are not segregated, so a failure leaves you an unsecured creditor.

Back to Goodwill Gold

Contract risk

Money at risk
8.5/10

Where this contract sitsHow far this contract goes, overall. Under 2 is nothing beyond the ordinary; 6 to 9 means several clauses put money you have already earned at risk; 9 and above reads as designed to make payout refusable.

0510
CriticalClauses that can cost you money you have already earned or deposited, or that remove your ability to challenge it.
9
FlaggedEvery clause worth knowing about, at all three severities. Ordinary terms that every broker has are not counted.
13
DocumentsHow many of the broker's own legal files this reading is based on. Each one was downloaded and hashed on the date shown.
10
ContradictionsPlaces where a promise the broker makes in public is not kept by the clause that governs it.
3

How the 13 break downThe same flagged clauses, split by how much each one can cost you. Severity is our reading of the clause, not the broker's label.

Critical9
Warning4
Notice0

The numbers in this contractFigures taken from this broker's own clauses, so the labels differ from broker to broker. The four in the panel above are the same on every report.

4 of these 4 figures come from a clause we rate critical, which means it can take your money or your profit rather than only delay it.

Critical$35In the contract. Jump to the clause this comes from.English pages are not the contract that binds youCritical6%Profit at risk. Jump to the clause this comes from.All profit removed if trading is judged abnormalCritical6%Withdrawal limit. Jump to the clause this comes from.A 6% withdrawal fee for not trading enoughCritical$10Fee on an unused account. Jump to the clause this comes from.Ten dollars a month empties a small dormant balance

What the documents say

13 clauses worth knowing about, worst first, each quoted from Goodwill Gold's own files

01

Goodwill Gold treats the English version of its contract as reference only, and the Chinese text decides any difference. The English withdrawal page does differ: it drops the $35 minimum withdrawal the Chinese page states.

Why this matters

You agreed to the Chinese terms, whichever page you read. Two withdrawal rules differ between the versions, and the one you may not be able to read is the one that counts.

Exhibit 1CriticalRarely seen$35

英文譯本僅供參考，文義如與中文版本出現差別，概以中文為準。
Clause 20 in 客戶協議 CLIENT'S AGREEMENT, p.8
Read from the broker's site on Open the reference
Our own capture of gwgold.com.hk, taken on Sep 3, 2026The claim, on English deposit and withdrawal page, Precautions item 3Visit this page on the broker's siteDownload the full size image file
Our own capture of gwgold.com.hk, taken on Sep 3, 2026What the contract says, clause 注意事项 3Visit this page on the broker's siteDownload the full size image file
Our own capture of gwgold.com.hk, taken on Sep 3, 2026The claim, on English deposit and withdrawal page, Precautions item 4, the same rule as the Chinese item 4Visit this page on the broker's siteDownload the full size image file
Our own capture of gwgold.com.hk, taken on Sep 3, 2026What the contract says, clause 注意事项 4Visit this page on the broker's siteDownload the full size image file

Our readingA language supremacy clause is ordinary between businesses. Here it sits over a retail site that publishes a full English version of every page, including two withdrawal rules that do not match the Chinese.

  • Worse together with Exhibit 8The binding text is Chinese while the arbitration that settles any argument about it runs in English.
02

Goodwill Gold can freeze your account for 3 months, rule your trading abnormal, then take all your profit plus 6% of the withdrawal. Closing a trade within 180 seconds is enough to start the review.

Why this matters

Your profit survives only if you lost money. The rule pays you in full when losses reach 10% of principal, and strips everything when you are ahead.

Exhibit 2CriticalRarely seen6%

3. If the transaction order within the review period is profitable, we will deduct all profits and charge the withdrawal amount 6% of the amount will be used as the cost of abnormal transactions, and then the balance will be released to the customer.
Clause Abnormal transactions 3 in Trading rules
Read from the broker's site on Open the reference
Our own capture of gwgold.com.hk, taken on Sep 3, 2026All profit removed if trading is judged abnormal (clause Abnormal transactions 3)Visit this page on the broker's siteDownload the full size image file

What it costsWithdraw $10,000 after a profitable run judged abnormal and every dollar of profit goes first, then 6% of the $10,000, which is $600.

Our readingThe penalty is scaled to your result rather than your conduct. A loss of 10% or more is released untouched, a smaller loss costs 10% of the withdrawal, and a profit costs the whole profit plus 6%.

What happens, and when

The stages this clause runs through, taken from the broker's own document
TriggerWhat the broker may then doClause
Trade closed within 180 secondsGoodwill Gold's risk control department can open a review.Abnormal transactions 1
Review openedThe account is frozen for 3 months and no business or trading is accepted.Abnormal transactions
Loss of 10% or more of principalNo action is taken and the withdrawal is released to you.Abnormal transactions 1
Loss under 10% of principalGoodwill Gold charges 10% of the withdrawal and releases the rest.Abnormal transactions 2
Result is a profitGoodwill Gold deducts all profit and charges 6% of the withdrawal.Abnormal transactions 3
  • Worse together with Exhibit 5One clause freezes the account for a fixed 3 months and the other holds the payout with no deadline at all.
03

Taking your money out costs 6% when half of it was never used to open a position. Goodwill Gold sets the trading you must do first: lots traded, times opening margin, times two.

Why this matters

Deposit $5,000, change your mind, and withdrawing $1,500 costs you $90 by the company's own worked example. The charge is a penalty for leaving money untraded.

Exhibit 3CriticalRarely seen6%

If 50% of the withdrawal amount of the customer account has not been used for opening a position or has not been used for opening a position after the last deposit, a 6% handling fee will be charged when withdrawing.
Clause Precautions 6 in Deposit and Withdrawal
Read from the broker's site on Open the reference
Our own capture of gwgold.com.hk, taken on Sep 3, 2026A 6% withdrawal fee for not trading enough (clause Precautions 6)Visit this page on the broker's siteDownload the full size image file

What it costsA $1,000 withdrawal that fails the trading test arrives as $940. The $60 goes to Goodwill Gold.

Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA and CySEC must set out costs and charges to a retail client before they trade. This charge sits on a deposit page, and neither document Goodwill Gold lists as legal mentions it.

Goodwill Gold is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Our readingWithdrawal fees normally cover the cost of moving money. This one is triggered by the absence of trading, so what you pay depends on how little you used the platform.

  • Worse together with Exhibit 2Trade too little and you pay 6% to leave, trade too fast and the same 6% lands on top of losing your profit.
04

A balance of $50 or less with no trading for 2 months starts a $10 monthly administrative fee. Goodwill Gold closes the account automatically once the fee empties it.

Why this matters

A $50 balance is gone in five months if you stop trading. Come back later and the company can still deduct every missed month in one charge.

Exhibit 4CriticalHarder than usual$10

If the account balance is less than or equal to USD 50, and there is no trading activity, deposits and withdrawals, and no positions for 2 months, the account will need to pay an inactive account administrative fee of USD 10/month.
Clause Inactive account administrative fee in Disclaimer
Read from the broker's site on Open the reference
Our own capture of gwgold.com.hk, taken on Sep 3, 2026Ten dollars a month empties a small dormant balance (clause Inactive account administrative fee)Visit this page on the broker's siteDownload the full size image file

What it costsA $50 balance pays $10 a month and reaches zero in five months. The account is then closed automatically.

Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA and CySEC must disclose costs and charges to a retail client before they trade. This fee sits on the disclaimer page, not on any page about money.

Goodwill Gold is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

What happens, and when

The stages this clause runs through, taken from the broker's own document
TriggerWhat the broker may then doClause
2 months, balance $50 or lessA $10 monthly administrative fee starts.Inactive account administrative fee
6 months, balance above $50The same $10 monthly fee starts, counted from 6 months after your last closing order.Inactive account administrative fee
Balance reaches zeroGoodwill Gold's system closes the trading account automatically.Inactive account administrative fee
You trade again laterGoodwill Gold can deduct the whole backlog of monthly fees at once.Inactive account administrative fee
  • Worse together with Exhibit 3Stopping trading starts a monthly fee, and the 6% charge lands on exactly the untraded money you would want to rescue.
05

Goodwill Gold can hold your withdrawal until it decides a suspected arbitrage problem is resolved. Nothing in the documents puts a deadline on that.

Why this matters

Your money can sit out of reach for as long as the company wants. It also settles the argument about it alone, and no appeal is written anywhere.

Exhibit 5CriticalHarder than usual

Hongfeng Bullion reserves the right to withhold withdrawals until the above problems can be resolved.
Clause arbitrage in Disclaimer
Read from the broker's site on Open the reference
Our own capture of gwgold.com.hk, taken on Sep 3, 2026The claim, on English deposit and withdrawal page, Online Withdrawal Process item 1Visit this page on the broker's siteDownload the full size image file
Our own capture of gwgold.com.hk, taken on Sep 3, 2026What the contract says, clause arbitrageVisit this page on the broker's siteDownload the full size image file
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA and CySEC must give a retail client access to an independent complaints scheme once an internal decision is made. Here the firm holding the money also decides the dispute.

Goodwill Gold is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

  • Same clause as Exhibit 6The same suspicion that holds the payout also lets the company remove the profit before releasing what is left.
06

Goodwill Gold decides whether your dispute goes to arbitration, at its absolute discretion. The hearing runs in English at the Hong Kong International Arbitration Centre, before a single arbitrator.

Why this matters

You cannot choose arbitration and you cannot refuse it. If the company picks it, you argue in English about a contract that binds you in Chinese.

Exhibit 8CriticalRarely seen

仲裁員為一人，香港國際仲裁中心將按照仲裁開始日時生效之仲裁程序管理任何該等仲裁，仲裁程序所使之語言為英文。
Clause 19 in 客戶協議 CLIENT'S AGREEMENT, p.8
Read from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA and CySEC must give retail clients access to an independent complaints scheme they can start themselves. Here the client cannot begin the process unless Goodwill Gold elects it.

Goodwill Gold is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Our readingArbitration clauses normally bind both sides equally. This one gives the election to the firm alone, so it can hold you to a private hearing or go to court, whichever suits it once the dispute is known.

A negative balance is a debt that earns Goodwill Gold interest

Clause 5.1 charges interest on a negative account at a bank's best lending rate plus 3%, or a money market measure plus 3%, whichever is higher. The trading rules admit a forced sale may leave the balance below zero. Together they mean a loss can outrun the deposit and then keep growing.

Cost disclosure1 clause flagged

Goodwill Gold does not cap your loss at what you paid in. If the account goes negative, it charges interest at a bank's best lending rate plus 3%, taking whichever of two measures is higher.

In plain words

Negative balance protection is a limit that stops you owing more than you put in. Without it, one fast market move can leave you owing the broker money on top of your deposit.

Why this matters

You can finish a bad day owing Goodwill Gold money. The debt then grows at a rate the company picks between two options.

Exhibit 9CriticalHarder than usual3%

如該帳戶的結存淨值為欠負，鴻豐金業將按不高於星展銀行(香港)有限公司最優惠貸款利率加百份之三或因應金融巿場利率變動的資金成本加百份之三徵收利息
Clause 5.1 in 客戶協議 CLIENT'S AGREEMENT, p.5
Read from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus), ESMA (EU)

Firms licensed by the FCA and CySEC, and under ESMA rules, must give retail clients negative balance protection on margined trading, so a client cannot lose more than the account holds. This contract charges interest on the shortfall instead.

Goodwill Gold is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Profit can be taken back on a judgement Goodwill Gold makes alone

Two routes let Goodwill Gold remove profit you have already made. Trading it calls abnormal, which includes closing any trade inside 180 seconds, means all profit is deducted plus 6% of the withdrawal. Suspected manipulation is enough on its own, with no evidence standard written down and no appeal named.

Earned money1 clause flagged

Suspicion is the whole test. Goodwill Gold can investigate your account and deduct the profits it says came from manipulation, without having to prove anything first.

Why this matters

You can lose gains you already made because the company suspects you. The clause names no evidence standard and no way to challenge the decision.

Exhibit 6CriticalHarder than usual

If Hongfeng Bullion suspects that any account is engaged in manipulation, Hongfeng Bullion reserves the right to investigate and review the account, and deduct the profits earned from relevant activities from the suspected account.
Clause Price, Order Execution and Platform Manipulation in Disclaimer
Read from the broker's site on Open the reference
Our own capture of gwgold.com.hk, taken on Sep 3, 2026Profit deducted on suspicion of manipulation (clause Price, Order Execution and Platform Manipulation)Visit this page on the broker's siteDownload the full size image file
  • Worse together with Exhibit 7The company decides both whether your profit was legitimate and whether its own quoted price was wrong.

Goodwill Gold chooses the forum and decides its own pricing errors

Clause 19 lets Goodwill Gold alone elect arbitration, in English, before a single arbitrator in Hong Kong, so the client cannot start that process or refuse it. On quoted prices, the disclaimer says errors by the firm's own dealers are resolved at its sole discretion, and the client indemnifies the firm for any loss that follows.

Complaints1 clause flagged

When a Goodwill Gold dealer quotes a wrong price, the company is not answerable for the balance that results. It can adjust your account, and you agree to cover any loss it suffers.

Why this matters

A mistake made by the company's own dealer becomes your bill. Arguments about those errors are settled by Goodwill Gold alone.

Exhibit 7CriticalRarely seen

Any disputes regarding quotation and transaction errors can only be resolved by Hongfeng Gold at its sole discretion. If any loss, damage or liability is incurred as a result, the customer agrees to indemnify Hongfeng Gold and hold Hongfeng Gold harmless.
Clause Quotation Error in Disclaimer
Read from the broker's site on Open the reference
Our own capture of gwgold.com.hk, taken on Sep 3, 2026You cover the cost of the broker's own pricing errors (clause Quotation Error)Visit this page on the broker's siteDownload the full size image file

Our readingError correction clauses are common. This one names the firm's own dealer as a source of the error, drops the firm's responsibility for the resulting balance, then asks the client to indemnify the firm for any loss that follows.

The bonus holds your deposit and Goodwill Gold can cancel the offer

Goodwill Gold's summer offer pays a first deposit bonus from USD 90 on USD 3,000 up to USD 8,800 on USD 88,000. Your net deposit has to stay in place until the promotion ends, and the bonus arrives up to 10 working days later. The company reserves the right to amend, suspend or cancel the promotion at any time, and to interpret its own rules.

Promotion terms1 clause flagged

Deposits from $3,000 earn a first deposit bonus, rising to $8,800 on $88,000. Your net deposit has to stay in place until the promotion ends, and the bonus lands up to 10 working days after that.

Why this matters

Your own money is committed before any bonus arrives. Goodwill Gold can amend, suspend or cancel the offer at any time, and it interprets its own rules.

Exhibit 13WarningHarder than usual10 working days

首充贈金會於充值后，在活動完結後10個工作天內發放到各合資格客戶的交易帳戶內，淨入金金額必須保留到活動完結；
Clause 贈送活動注意事項 2 in 盛夏黃金潮
Read from the broker's site on Open the reference

Terms move by website notice while your own exit is blocked

Clause 15 lets Goodwill Gold amend the agreement and clause 14 lets it raise margin, with a website post counting as notice and continued use counting as agreement. Clause 17.3 lets the firm close your account on 3 working days of notice. Clause 17.2 stops you terminating at all while a position is open.

Changing the deal1 clause flagged

Goodwill Gold can rewrite the agreement and raise margin whenever it likes, and posting the change on its website counts as telling you. It can close your account on 3 working days of notice, while an open position blocks your own exit.

Why this matters

You are treated as having accepted terms you never read. You can also be shown the door faster than you can walk out of it.

Exhibit 12WarningHarder than usual3 working days

客戶理解、確認並同意鴻豐金業可不時修訂本協議之條款，鴻豐金業會把作出的修改或變更，以網站公佈或電郵通知客戶，客戶應定時留意本公司網站及客戶的電子郵箱，並同意已變更或修改的條款。
Clause 15 in 客戶協議 CLIENT'S AGREEMENT, p.7
Read from the broker's site on Open the reference
  • Worse together with Exhibit 13The bonus locks your deposit in place while the company keeps the right to rewrite the rules that govern it.

Goodwill Gold may be the counterparty and pays referrers from your spread

Clause 6 says Goodwill Gold itself, along with its directors, staff and connected firms, may be the counterparty to trades in your account. The introducer disclosure adds that paying a referrer may require widening your spread above the firm's normal price. Both are disclosed in the contract and neither appears in the marketing.

In plain words

On a principal basis, as your counterparty, means the broker takes the other side of your trade itself. Your loss is then the firm’s gain, so it has an interest in how your trade ends.

Whose side1 clause flagged

Goodwill Gold, its directors and its staff may be the counterparty to trades in your account. Introducers are paid by widening your spread, which is the gap between the buy price and the sell price.

Why this matters

The company can gain when you lose, and it says so in the contract. An account that arrived through an introducer pays more per trade than the standard price.

Exhibit 11WarningStandard wording

與鴻豐金業相關的某一營業人員、董事、關聯機構、關聯人、僱員、銀行或銀行僱員、交易商及鴻豐金業本身可能是客戶帳戶所進行的交易的對手經紀人或委託人。
Clause 6 in 客戶協議 CLIENT'S AGREEMENT, p.5
Read from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA and CySEC must disclose conflicts of interest and any payment that affects the price a retail client gets. Goodwill Gold does disclose both, inside the client agreement.

Goodwill Gold is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Goodwill Gold tells you plainly that your money is not protected

The client agreement states that trades are not done on an exchange and that a client may have no priority right of repayment if Goodwill Gold fails. You would rank as an unsecured creditor. The firm is Chinese Gold and Silver Exchange Society member No. 50, which is an exchange membership, and no financial regulator or compensation scheme is named anywhere.

Who holds the money1 clause flagged

Your money is not ring fenced if Goodwill Gold fails. The client agreement says you may have no priority claim and would stand as an unsecured creditor.

Why this matters

If the company goes under, you join the queue after the secured claims are paid. No compensation scheme is named anywhere in the documents.

Exhibit 10WarningStandard wording

沒有優先償還權，客戶就是無抵押債權人，會在償付那些優先索償後才跟其他債權人獲得補償。
Clause 免責條款 7 in 客戶協議 CLIENT'S AGREEMENT, p.11
Read from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus), ASIC (Australia)

Firms licensed by the FCA, CySEC and ASIC must hold retail client money in accounts kept separate from their own. This contract states the opposite position, and states it openly.

Goodwill Gold is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Where the marketing and the contract disagree

A promise made in public, set against the clause that governs it

01

The English page gives you until 4:30 p.m. and the binding Chinese page cuts it off at 4:00 p.m.

Said in public, in English

3. The deadline for submitting fund withdrawal applications on each working day is 4:30 p.m. Overdue applications will be processed on the next working day

English deposit and withdrawal page, Precautions item 3

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of gwgold.com.hk

In the contract · clause 注意事项 3

3、每个工作日递交提取资金申请的截止时间为下午4时00分, 逾时之申请将会在下一个工作天处理

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of gwgold.com.hk

02

The Chinese version sets a USD 35 minimum withdrawal and the English version of the same rule leaves it out.

Said in public, in English

4. When the customer applies for withdrawal, the receiving bank may charge an administrative fee for the transfer, and all handling fees will be deducted from the withdrawal

English deposit and withdrawal page, Precautions item 4, the same rule as the Chinese item 4

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of gwgold.com.hk

In the contract · clause 注意事项 4

4、客户申请取款， 最少提款额为35美元，收款银行可能收取转账所需之行政费，一切手续费均会从提款中扣除

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of gwgold.com.hk

03

One page guarantees your money in an hour while another lets the company hold it with no deadline at all.

Said in public, in English

After verifying the information, the company guarantees that the funds will arrive within 1 hour

English deposit and withdrawal page, Online Withdrawal Process item 1

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of gwgold.com.hk

In the contract · clause arbitrage

Hongfeng Bullion reserves the right to withhold withdrawals until the above problems can be resolved.

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of gwgold.com.hk

The documents this reading is based on

10 files, all published by Goodwill Gold. Each shows when we read it and a fingerprint of its wording.

WIKILIX keeps the copy of each file it read, and does not republish it: what is published is the fingerprint of its wording. Download the file yourself and hash its text, lowercased with runs of whitespace collapsed, and a matching fingerprint means the wording quoted above is still the wording Goodwill Gold publishes.

How this reading was done

Every clause above was read out of a document Goodwill Gold publishes itself

This reading was published on .

Documents
10 of 10downloaded from the broker's site, and 10 read in full
Pages opened
24pages walked to find those documents, footer links included
Older copies
2earlier versions downloaded
Marketing pages
5public pages set against what the contract says
Languages
EN vs ZHthe language it advertises in, against the language it contracts in

Who the contract is with

Goodwill Gold Group (Hong Kong) Limited

You contract with Goodwill Gold Group (Hong Kong) Limited, named in Chinese as 鴻豐金業集團(香港)有限公司 on the signature page of the client agreement. The same name holds the bank account on the deposit page, so the money and the contract point to one entity. The English pages call the firm Hongfeng Bullion and Hongfeng Gold, and the site footer says GOODWILL LIMITED, none of which is the contracting name. The agreement identifies the firm as Chinese Gold and Silver Exchange Society member No. 50, category AA, and is countersigned by a registered dealer's representative. That is an exchange membership, not a licence from a financial regulator, and the documents name no securities or futures regulator anywhere.

Quotations are copied verbatim from the documents named above, with the clause number and the page each one came from. Where a clause is quoted in another language, the original is shown first and the English is a translation.

The plain-language parts, what a clause means for a client, how ordinary it is, and how it reads against a regulated standard, are WIKILIX's analysis and are labelled as such on every card. This is a reading of public documents, not legal advice and not an allegation of wrongdoing.

In fairness, and what we could not check

A reader who knows the edges of the work can trust the middle of it

The client agreement is blunt where many are silent. It tells you plainly that trades are not done on an exchange, that you may have no priority claim if the company fails, and that you would rank as an unsecured creditor. Clause 6 admits Goodwill Gold itself may be the other side of your trade. The introducer disclosure admits your spread is widened to pay whoever referred you. The stop out note says openly that your balance may end up negative rather than implying you are protected. Goodwill Gold also refuses third party deposits and payouts, which closes a common route for washing money through a client account. The English disclaimer and English trading rules carry the same hard terms as the Chinese ones rather than softening them.

The site refused ordinary downloads, so we read every page on Goodwill Gold's own site. The two documents in the site's legal footer, the privacy policy and the risk statement, were the only ones we started with. We found three more binding documents ourselves: the trading rules, the disclaimer, and the client agreement. The client agreement is a 12 page PDF reachable only from the registration form at gwgusercenter.gwgold.com.hk, and we read it there. Older copies existed only for the privacy policy and the risk statement, both archived in early 2025, and the text of both matches today word for word. We found no earlier copy of the client agreement, the trading rules, the disclaimer or the deposit page, so we cannot say when those terms last changed. The agreement is marked V2.00 and we found no V1. The second worked example on the Chinese deposit page breaks off mid sentence on the live page, so we quoted only the complete one. The English promotion page is empty while the Chinese one carries a live offer, and that offer is still listed as running although its stated end date has passed. We did not see inside the client portal beyond the registration page.

How to check any of this yourself

Every quote above links to the Goodwill Gold file it came from. This is what to do with it.

Open the three stepsFind the words in the source, work out the fingerprint, and read what a difference does and does not prove.

Open the source and search for the words

Every quote has a link under it. Open the file, or the web page, and search it for the words we quote. The clause number next to the quote tells you where to look.

If the words are not there any more, the source may have changed after we read it. That is worth knowing too. We keep the date we read it, and a code worked out from its wording, so the quote stays checkable.

What a fingerprint is

A fingerprint is a code worked out from what a source says. Change one word and the code changes completely. We keep two codes for every file we read, and the panel on each source shows both.

The first is the code of the exact file we downloaded. The second is the code of its wording alone, with capital letters lowered and runs of spaces collapsed. When the same words are saved as a new file, the first code changes and the second one stays the same.

Only the first code can be worked out on your own computer. Save the file, then run one of these, putting the name of the file you saved where the example is. The panel on each source prints the command with that source's real file name already in it.

macOS or Linux:
  shasum -a 256 the-file-you-saved.pdf

Windows:
  certutil -hashfile the-file-you-saved.pdf SHA256

The two codes are different from each other, and they are not meant to match. Comparing one against the other proves nothing.

What a difference means, and what it does not

A different file code on its own proves nothing. A PDF saved again with a new date inside it is a new file saying exactly the same thing.

A different wording code means the words themselves changed. That is the one that matters, and it is why we keep it.

Even then, a change is not proof of bad faith. Companies update their documents. What this report says is what the document said on the day we read it, and every quote carries that date.

A source that is a web page and not a file has no file to save, so only the code of its wording is shown.

How this report is made

Every clause quoted above comes from a document Goodwill Gold publishes on its own website, downloaded and hashed on the date shown, with the clause number and page recorded so any reader can check it. We do not allege anything the documents do not say, and we do not judge Goodwill Gold on anything other than its own published terms and its own public marketing. Where a clause has a qualifier that softens it, the report says so. Last read Sep 3, 2026.

If you represent Goodwill Gold and a clause has changed, been withdrawn, or is being read out of context, tell us and we will re-read the documents and update this page. Corrections from the broker are welcome and are published with the reading they change. Contact us.

This is a reading of a contract, not legal advice and not a ruling on Goodwill Gold. Whether its licence is real and current is a separate check on the broker profile.

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