Horizon Gold positions itself as an online investment and trading platform with secure accounts and high returns. The company claims to protect the capital and provide profitable trading opportunities, but, with many reports indicating the lack of regulation of Horizon Gold, dishonest practices, abuse of unsuspecting clients, and clients losing their money, potential instability might be indicated.
Horizon Gold Overview
- Company Name: Horizon Gold
- Website: https://www.thehorizon-gold.com/
- Address: Portland House Bressenden Pl, London SW1E 5RS UK
- Regulation Status: Not Regulated
- Warned By: Not recommended by the review website like Brokersreviewer
Trustpilot Negative Reviews
An increasing number of complaints about withdrawals being blocked
The investor communities worldwide have reported new cases of problems of withdrawal from Horizon Gold accounts; mostly they say that after they had deposited their money into their account, whether it was a large amount or not, they found it impossible to withdraw their money or they faced endless delays in processing and unreasonable conditions to get an application for withdrawing any amount of money approved by Horizon Gold. An instant alert for a money-making operation whose interest is not to benefit its clients.
False Promises and Manipulated Accounts
Perhaps the most important one is that Horizon Gold simply markets itself as a safe trading platform, even promising protection like capital insurance and bonuses attractive enough to lure traders to sign up. The feedback from the injured investors, however, is a rather different story. A few accounts tell of trading dashboards that were literally manipulated to show false profits, only to crash soon after withdrawals were requested. Other investors were convinced to put in further money on the premise of market losses, all of which finally drained their accounts.
Remote Access Tool Usage
A second disturbing practice related to Horizon Gold has to do with using remote access software. Investors claim that they are asked to install applications whereby company representatives could control their computers. This gave scammers the opportunity to manipulate transactions, keep an eye on banking activity, and redirect funds into their accounts. These methods speak of a highly systematized plan to defraud investors of their goodwill.
Lack of Regulation and Transparency
Any legitimate broker or financial service would have to be working under a set of recognized regulatory authorities. Horizon Gold, however, is unable to provide verifiable licensing or oversight information. Due to the absence of regulatory supervision, an investor would have no protection and legal remedy if their money were misappropriated. Moreover, attempts to verify the company’s background come up with inconsistencies and a sham of transparency, which further lends credence to the accusations of fraudulent conduct.
Q1. Does Horizon Gold have a broker’s license?
Horizon Gold is not licensed by any financial regulatory authority. Effectively, this means they run without any supervision and offer no investor protection.
Q2. Why is Horizon Gold deemed a scam?
Investors have reported being denied withdrawals, being shown false profits on their dashboards, being asked to pay more fees, and being pressured into making deposits with high-pressure sales tactics. These are all classic tactics used by scammers and fraudulent brokers.
Q3. Can I issue withdrawals from Horizon Gold?
Most traders reported to us that their withdrawals were either delayed indefinitely or that they were never allowed to withdraw their funds, even after they had made payments to cover the alleged redemption fees.
Been Misled by Horizon Gold? We Can Help
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