Goldbar

Goldbar is a precious metals dealer based in Hong Kong, registered at 上環孖沙街金銀商業大廈7樓701-702室. The company was founded on 22 February 2019, positioning itself as a provider of physical gold and silver products.

According to official records, Goldbar offers a range of bullion items including coins, bars, and ingots, as well as a metal recycling service. Customers can purchase precious metals through physical stores or online, with support available via multiple contact channels.

Goldbar is not regulated by any financial authority. No valid licences from the Securities and Futures Commission (SFC) of Hong Kong or any other regulator have been identified. This absence of oversight means that client funds and transactions are not protected by any investor compensation scheme.

Traders and investors should be aware that dealing with an unregulated entity carries elevated risks, including potential loss of capital without recourse to regulatory protection. FXCanary’s research has confirmed that no regulatory licence is on file for this broker.

Goldbar’s primary offering is physical precious metals. The company sells gold and silver in various forms such as coins, bars, and ingots. Additionally, it provides a metal recycling service, allowing customers to sell back their used precious metals.

The business model is oriented toward physical possession and exchange of bullion, rather than leveraged trading or speculative contracts. There is no indication that Goldbar offers online trading platforms, margin accounts, or derivatives products like forex or CFDs.

Customers can purchase precious metals either by visiting a physical store or ordering online. The company states that customer support is available through phone, email, and other channels. Payment methods are not detailed in public records, but typical options for such dealers include bank transfer, cash, or credit card.

Delivery of physical metals is likely arranged after purchase, though specific shipping policies and timelines are not publicly documented. Potential buyers should inquire directly about storage, insurance, and delivery terms.

Goldbar is suited to individuals and entities seeking physical ownership of gold and silver, such as collectors, investors diversifying into tangible assets, or those looking to recycle scrap metal. It is not designed for active traders or speculators interested in leveraged price movements.

Given the lack of regulation, the company may appeal to those who prioritise direct asset possession over the protections of a regulated broker environment. However, due diligence is strongly recommended before engaging in any transaction.

The absence of regulation is a critical risk factor. Without oversight from a recognised financial authority, clients have no guarantee of fair treatment, security of funds, or recourse in the event of a dispute. FXCanary’s Scam Risk Score for Goldbar is 75 out of 100, indicating a severe risk level.

Potential investors should verify the company’s physical premises, check for any adverse reports, and consider using escrow or insurance arrangements for large transactions. Independent research is essential before committing funds.