Warning: Is Goldbysell a Scam?

Unregulated

Is Goldbysell (goldbysell.co) safe? We found major red flags. Users have reported withdrawal issues.

Warning: Goldbysell (goldbysell.co) Analysis

Be cautious of Goldbysell (goldbysell.co); it exhibits several characteristics of a scam.

Goldbysell presents itself as a financial platform, but it appears unregulated by any top-tier authority.

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Regulatory Check: Goldbysell

Our investigation reveals that Goldbysell does not hold a valid license.

Trading with unregulated firms is very risky. Trusted firms are must be authorized with agencies like the SEC, ASIC, or FCA to ensure consumer safety.

Goldbysell operates without this supervision. This means there is no safety net if they steal your funds. Most online scams involve unlicensed actors, and getting back funds from them is challenging without expert assistance.

For instance, in the UK, unlicensed firms are outside the jurisdiction of the compensation schemes. In the US, they are not part of regulatory bodies, meaning your money is at risk.

How Goldbysell Might Scam You

Online trading fraud is getting smarter. Fraudsters use psychological tricks to steal wealth. Here are typical methods seen in brokers like Goldbysell (goldbysell.co).

Dating App Scams

The "Romance Scam" is a common method where scammers build trust over weeks. They fake a friendship on social media. Once trust is built, they mention a special crypto opportunity. It is a lie to get you onto a scam site like Goldbysell.

Fake Trading Dashboards

Scammers build websites that look exactly like legit trading apps. They have charts and balances that go up. But it is a fake. The broker manipulates the numbers to convince you so you invest more. When you try to withdraw, the "profits" are gone.

Other Warning Signs

  • Unsolicited Contact: They call you from "brokers" you don't know.
  • No License: The company has no authorization.
  • Guaranteed Profits: They promise huge profits with no risk.
  • Cannot Withdraw: They refuse withdrawals. They ask for "tax fees" before releasing funds.
  • Aggressive Sales: Agents pressure you to invest bigger amounts.

Ignore positive ratings. Fraudulent brokers often post their own positive reviews to appear real.

Conclusion

We do not recommend Goldbysell. It appears to be a fraud. Save your funds and use a licensed broker. Avoid goldbysell.co at all costs.