Goldenburg Group Limited Review
93
Review
Fast Facts
Contact Info and Support
46 Ayiou Athanasiou Avenue, Interlink Hermes Plaza, Office 101, Ayios Athanasios, 4102 Limassol, Cyprus
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About Goldenburg Group Limited
Goldenburg Group Limited is a Cyprus‑based Cyprus Investment Firm (CIF) headquartered at 46 Ayiou Athanasiou Avenue, Interlink Hermes Plaza, Office 101, Ayios Athanasios, Limassol, CY‑4102. It holds CIF Licence number 242/14 issued by the Cyprus Securities and Exchange Commission (CySEC) on 14 July 2014 and participates in the Investor Compensation Fund. The firm provided trading services over CFDs on Forex, commodities, indices, and ETFs, offering access to over 300 financial instruments. The company asserts compliance with MiFID II directives concerning client fund security.
Regulatory records show serious compliance breaches by Goldenburg Group Ltd. In April 2019, CySEC imposed a total administrative fine of €170,000 for violations under Law 144(I)/2007 and related directives, including shortcomings in authorisation conditions, professional competence, misleading marketing, tied agents, third‑party oversight, and failure to inform CySEC of plans to open a new jurisdiction office.
Further enforcement occurred in July 2023, when CySEC levied a fine of €400,000 for multiple infringements. These included failure to implement arrangements to prevent conflicts of interest (Nov 1 2019–Feb 28 2021), inadequate conflict management involving their marketing agent in Slovenia for the same period, failure to act honestly, fairly, and professionally (Feb–Nov 2020), provision of misleading information to Slovenian clients, insufficient competence of investment advisers, failure to notify Slovenian supervisory authorities before publishing key information documents (KIDs) (Apr 2018–25 Oct 2022), and omission of required regulatory information from the KIDs.
CySEC has also flagged Goldenburg Group Limited as a clone threat: certain websites such as goldenburgfunds.com are identified as illicit clones of the authorised CIF (license 242/14), operating without proper regulation.
Who it’s for
- Investors verifying regulatory compliance with CySEC (CIF 242/14) and seeking firms with a license registered in Cyprus.
- Those engaging in trading of CFDs across Forex, commodities, indices, and ETFs through a MiFID‑II framework.
Pros and cons
Pros
- Holds CIF licence (242/14) from CySEC, with participation in the Investor Compensation Fund.
- Access to over 300 financial instruments including CFDs on Forex, commodities, indices, ETFs.
Cons
- Multiple substantial fines (€170,000 in 2019; €400,000 in 2023) for serious compliance failures including conflicts of interest, misleading information, and advisory incompetence.
- Presence of illicit clone domains (e.g.,
goldenburgfunds.com) raising investor protection concerns.
