Review summary
Goldman Sachs (not to be confused with the global investment bank) is a retail trading entity registered in Belize, with an operational history of 2 to 5 years. The WikiFX assessment indicates an extremely low overall score of 1.38 out of 10, which reflects significant concerns across multiple operational and regulatory dimensions. Critically, this entity holds no valid, authoritative forex trading licenses from recognized financial regulators, classifying it as an unregulated offshore operation. Its stated business scope has been flagged as suspicious. From a trading conditions perspective, the broker offers multiple account types, including a Standard Account and a Goldman Sachs Ultra Low Account, both accessible with a low minimum deposit of $5 and offering high leverage up to 1:1000. The Ultra Low account advertises spreads from 0.6 pips. A Shares Account is also available with a significantly higher entry requirement of $10,000. The platform supports scalping, hedging, and Expert Advisors (EAs). Public exposure on WikiFX highlights severe issues regarding fund withdrawals, with multiple traders reporting that their accounts were frozen and they were pressured into purchasing high-value IPO subscriptions to access their own capital. Given the complete absence of regulatory oversight, combined with a pattern of user complaints related to fund accessibility, engagement with this broker carries a very high level of financial risk. Potential clients should exercise extreme caution. Note: Regulatory status, trading conditions, and risk assessments may vary by jurisdiction. The WikiFX score reflects currently available information.Please verify all entity details independently before trading. (Updated: 2026-04-12)
