GoArbit Review 2024
Attention!
This brokerage company is on the Blacklist. Working with companies on the Blacklist carries high risks of losing your money. We continuously monitor the Internet in order to identify new scams aimed at defrauding traders, and categorically do not recommend working with companies on the Blacklist.
We advise traders to choose reliable and trustworthy licensed companies from among top brokers of our rating:
Summary of GoArbit Trading Company
Goarbit provides an investment platform for digital currencies. The company deals in cryptocurrencies; users invest money in them and get paid a daily profit margin of 0.5% to 1.5% in return. The attractive return attracted many investors, who started investing in the company. Everything was going well until clients began to notice strange behaviors, particularly when they were withdrawing.
The absence of a Contact Us page and several other crucial sections, along with the concealment of their client's financial investments, give the impression of the website being a Ponzi scheme. Goarbit stated that it generates revenue through arbitrage trading and cryptocurrency mining but failed to disclose the price of its mining packages. It is unable to produce any documentation demonstrating that it has made any investments in either business.
They stopped operating as consumer complaints increased. So, all attempts to get in touch with the company have been met with failure. In September 2021, GoArbit's official Facebook page was taken down. Remarks posted on GoArbit's Facebook page imply that withdrawal issues started in September 2021. The unsettling client testimonials that detail the brokers' poor performance before their closure are included below.
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Contacts
Registration address | The broker was reachable via email at support@goarbit.com. Since the website is currently down, we are not aware of any other means of contact or their physical address. |
We constantly monitor the Internet for the emergence of new fraudulent schemes to deceive traders. We have been collecting data about scam brokers for more than 10 years and we think we know every dishonest company in the market. Below we have collected for you the information about the scammers from the List of SCAM Brokers.
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FAQs
Why has GoArbit been placed on the Forex Broker Blacklist?
Possible reasons:
• multiple complaints have been filed against GoArbit by traders claiming the broker failed to fulfil its obligations, including process withdrawals;
• the website of GoArbit is down, not updated or operates with clear errors and some features are not available;
• GoArbit has been blacklisted by the regulatory authority, and a warning has been published on the regulator’s website.
What should I do if GoArbit got blacklisted and I still have money in my account?
Don’t panic right away. First, try to find out the reason why GoArbit got blacklisted. The situation may be temporary. Contact Traders Union client service for details. If the situation is critical, try to withdraw money. The best way to do it in parts, so that the broker does not suspect that you want to withdraw your entire balance and close the account.
What should I do if I cannot withdraw my money from GoArbit?
If your broker refuses to process withdrawals under various pretexts, your algorithm of actions is as follows:
• Get a clear response from the broker’s Support Service with reference to the clauses of the Terms of Use (User Agreement). Save your correspondence and download the transaction history from your account.
• With a full package of documents, appeal to the following organizations: the broker’s regulator or corresponding law enforcement agencies. If you make your deposit with a bank transfer, try to initiate a chargeback request.
• Share your situation on traders’ forums, add the broker to blacklists of various websites, as it will help others avoid the mistake.
Is there any chance to recover my money if GoArbit is a scam?
On rare occasions, yes, for example, if the broker was a member of a compensation fund, or upon a court’s ruling.
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