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Goldbysell
Operating status: SCAM
Website: https://www.goldbysell.co/
Broker violations and abnormal records
On October 31, 2024, the Italian Companies and Exchange Commission (CONSOB) ordered Goldbysell's website to be blacked out since it offers financial services illegally in Italy. https://www.consob.it/web/consob-and-its-activities/news-in-detail/-/asset_publisher/kcxlUuOyjO9x/content/press-release-of-31-october-2024-abuse-/718268
On October 31, 2024, the Italian Companies and Exchange Commission (CONSOB) ordered Goldbysell's website to be blacked out since it offers financial services illegally in Italy. https://www.consob.it/web/consob-and-its-activities/news-in-detail/-/asset_publisher/kcxlUuOyjO9x/content/press-release-of-31-october-2024-abuse-/718268Goldbysell claims to be an international broker with over 750,000 clients. However, its domain registration date of June 2024 casts doubt on the reliability of this claim. A relatively new online trading platform partnering with big brands like CocaCola, Nestle, and Coinbase? This should prompt reconsideration.
In an attempt to appear professional and legitimate, Goldbysell claims to be authorized across various jurisdictions, including:
1. Goldbysell (Europe) Ltd by the Cyprus Securities and Exchange Commission (CySEC) under number 107/10.
2. Goldbysell (UK) Ltd by the Financial Conduct Authority (FCA) under number 581265.
3. Goldbysell (Europe) Ltd and Goldbysell Germany GmbH by the Federal Financial Supervisory Authority (BaFin) and the Deutsche Bundesbank.
However, our verification indicates that all these regulatory assertions are baseless. Goldbysell either fabricated the licensing information or copied it from other companies to appear legitimate. This is a significant red flag. Thus, it's no surprise that the Italian Companies and Exchange Commission (CONSOB) has blacklisted Goldbysell.
In essence, Goldbysell is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.
Goldbysell appears to be a scam.
Goldbysell claims to be an international broker with over 750,000 clients. However, its domain registration date of June 2024 casts doubt on the reliability of this claim. A relatively new online trading platform partnering with big brands like CocaCola, Nestle, and Coinbase? This should prompt reconsideration.In an attempt to appear professional and legitimate, Goldbysell claims to be authorized across various jurisdictions, including:1. Goldbysell (Europe) Ltd by the Cyprus Securities and Exchange Commission (CySEC) under number 107/10.2. Goldbysell (UK) Ltd by the Financial Conduct Authority (FCA) under number 581265.3. Goldbysell (Europe) Ltd and Goldbysell Germany GmbH by the Federal Financial Supervisory Authority (BaFin) and the Deutsche Bundesbank.However, our verification indicates that all these regulatory assertions are baseless. Goldbysell either fabricated the licensing information or copied it from other companies to appear legitimate. This is a significant red flag. Thus, it's no surprise that the Italian Companies and Exchange Commission (CONSOB) has blacklisted Goldbysell.In essence, Goldbysell is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.Goldbysell appears to be a scam.BrokersView found that the domain "https://www.goldbysell.co/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.
BrokersView found that the domain "https://www.goldbysell.co/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.
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