goldmansachs-vip.net has been flagged by Autorité des marchés financiers for "Unregistered/Unlicensed entity offering financial products or services|Regist...". Goldmansachs-vip.net is not registered with the Autorité des marchés financiers (AMF), is not authorized to solicit investors in Québec and fraudulently imitates, references or uses the identities of legitimate businesses, be they registered or not registered with the AMF. This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: goldmansachs-vip.net.
The onboarding at goldmansachs-vip.net was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Market news feed|Instant funding|Risk management tools|Excellent charting
Cons: Minor UI glitches occasionally
goldmansachs-vip.net advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Excellent charting|Full transparency|Helpful community forum|Fast execution
Cons: No live chat on mobile|Inactivity fee applies after 12 months
goldmansachs-vip.net has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.
Pros: Dedicated account manager|Clean UI|Transparent fees
Cons: Desktop app not available on Linux
goldmansachs-vip.net changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Segregated accounts|Helpful community forum|Automated trading options|Customizable dashboard
Cons: Onboarding videos are outdated
I had a dispute with goldmansachs-vip.net and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.
Pros: Reliable uptime|Easy withdrawals|Low minimum deposit|Dedicated account manager
Cons: Would like more payment methods|Research section could be deeper
The hidden fees at goldmansachs-vip.net are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.
Pros: Personal attention|Multi-currency support
Cons: Live chat only during business hours|Help articles are sometimes vague
I was about to invest with goldmansachs-vip.net but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Autorité des marchés financiers has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Pros: Website looks legitimate on the surface
Cons: Flagged by Autorité des marchés financiers|Cannot verify credentials
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. goldmansachs-vip.net said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Educational resources|Transparent fees
Cons: No live chat on mobile
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. goldmansachs-vip.net recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Fast execution|Detailed reporting
Cons: Slow to add new assets
goldmansachs-vip.net locked my account without warning and demanded documents I had already submitted. for over a year later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Great customer service|Social trading features|Helpful community forum
Cons: No phone support on weekends|Would like more payment methods