The Punisher
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Hello,
I am new here and apologize if there is a specific thread about this company. I have been dealing with Golden Day Profit (URL = goldenday.hk) for two years and have spoken directly with the US NFA, US CFTC and HK Securities Commission about Golden Day. First this company is not registered with the NFA contrary to the NFA number published on their website. They have an exemption only as a commodity pool trader but they mask this registration on their website and in communication because they actually have an NFA number to publish. To be clear, the NFA number is to state they are exempted only which means they are not registered, regulated or follow any NFA rules.
It has taken me a while to determine what is going on but essentially Golden Day always bets against the advice they give their clients. Said another way, they are trading with a much larger quantity of shorts or longs while they advise clients on what positions to take. Like many of the other discussions on this site, the first few trades will make you money and then you lose big. They instantly request you to invest more funds because the market is hot or they have a special tip which is complete garbage. The will assign you a trader even with a small amount of USD invested but as soon as you lose they ask for you to increase your next deposit value to get a much better trader. None of the traders are licensed or have any expertise other than guaranteeing Golden Day makes a profit while the investors lose.
They are actually operating many other companies in parallel as they try to lure investors to this scam. Some of the other companies/websites are as follows: Fortune Way Limited, Golden 123 Trading Limited, HK Golden Crown Trading, Sengela Trading Limited. Sengela has been black balled by the HK Securities Commission however the website is still up and is identical in content to the Golden Day Profit website.
The company claims withdrawals are easy and investors can use an online form. Please note the online form doesn't do anything as the same crooks asking you to open an account and help you lose your investment are the same crooks that must authorize and process the withdrawal. Guess what, they won't respond to you or do anything to help. In a one month period I have submitted the withdrawal form over 100 times and nothing (over 30 emails sent). The funds are valid and available on MT4 but they will never give your funds backs.
To prove this is all valid, I am attaching the following as this company needs to be taken down. 1) Letter from the NFA regarding Golden Day not being registered 2) Wechat accounts of the individuals I have worked with at Golden Day 3) Bank account details from Golden Day for where deposits are retained. For obvious reasons, I have removed my personal contact information directly from these documents.
I am new here and apologize if there is a specific thread about this company. I have been dealing with Golden Day Profit (URL = goldenday.hk) for two years and have spoken directly with the US NFA, US CFTC and HK Securities Commission about Golden Day. First this company is not registered with the NFA contrary to the NFA number published on their website. They have an exemption only as a commodity pool trader but they mask this registration on their website and in communication because they actually have an NFA number to publish. To be clear, the NFA number is to state they are exempted only which means they are not registered, regulated or follow any NFA rules.
It has taken me a while to determine what is going on but essentially Golden Day always bets against the advice they give their clients. Said another way, they are trading with a much larger quantity of shorts or longs while they advise clients on what positions to take. Like many of the other discussions on this site, the first few trades will make you money and then you lose big. They instantly request you to invest more funds because the market is hot or they have a special tip which is complete garbage. The will assign you a trader even with a small amount of USD invested but as soon as you lose they ask for you to increase your next deposit value to get a much better trader. None of the traders are licensed or have any expertise other than guaranteeing Golden Day makes a profit while the investors lose.
They are actually operating many other companies in parallel as they try to lure investors to this scam. Some of the other companies/websites are as follows: Fortune Way Limited, Golden 123 Trading Limited, HK Golden Crown Trading, Sengela Trading Limited. Sengela has been black balled by the HK Securities Commission however the website is still up and is identical in content to the Golden Day Profit website.
The company claims withdrawals are easy and investors can use an online form. Please note the online form doesn't do anything as the same crooks asking you to open an account and help you lose your investment are the same crooks that must authorize and process the withdrawal. Guess what, they won't respond to you or do anything to help. In a one month period I have submitted the withdrawal form over 100 times and nothing (over 30 emails sent). The funds are valid and available on MT4 but they will never give your funds backs.
To prove this is all valid, I am attaching the following as this company needs to be taken down. 1) Letter from the NFA regarding Golden Day not being registered 2) Wechat accounts of the individuals I have worked with at Golden Day 3) Bank account details from Golden Day for where deposits are retained. For obvious reasons, I have removed my personal contact information directly from these documents.