Gofx

GOFX Review: Is GOFX Broker Good?

Broker overview and general information

GOFX was founded in 2018. At the beginning, the broker was registered in Indonesia and regulated by bappebti (Indonesian Commodity Exchange and Derivatives Regulatory Authority) before starting to enter the Thai market in 2020. It started organizing seminars and publicizing more on various online media. Currently, it also has an office in Thailand. As for GOFX, is it safe? It is something that we will have to go into detail in all aspects together.

Broker Licensing and Regulation

If you ask whether GOFX broker is good or not, you must first consider the license and registration factors, which are brokers.Operated under TouchStone Markets Limited, a company registered in Seychelles under registration number 8426370-1, whose websiteGOFX.COMIt is operated by GOFX Limited, a Securities Dealer registered under license number 25865BC2020.

Have the following licenses:

• FINANCIAL SERVICES AUTHORITY St Vincent & The Grenadines (FSA) License No. 25865 under GOFX LIMITED.

• Financial Services Authority (FSA Seychelles) License No. SD118

• MWALI International Services Authority (Comoros) or M.I.S.A License No. T2023205 under Gofx Limited.

Trading products and services

Trading products

• Forex: Trade major, minor and exotic currency pairs. Tight spreads. High leverage.

• Precious Metal CFDs: Traders can trade CFDs on gold, silver, platinum, and palladium.

• CFD Indices: Trade major global indices S&P 500, Dow Jones, FTSE 100, etc.

• CFD Stocks: Trade shares of leading companies from around the world with CFD contracts that don’t require the trader to actually own the stock.

• Energy CFDs: Crude Oil, Natural Gas Profit from the energy sector is highly volatile and is affected by political and environmental factors.

Trading Platform

MetaTrader 4

MT4 or MetaTrader 4 is the most popular online asset trading platform for Forex and other financial instruments. It was first launched in 2005 and has been chosen by both novice and professional traders around the world.

MetaTrader 5

MT5 or MetaTrader 5 is an increasingly popular platform in the trading industry. It is an upgraded version of the previous version, suitable for trading Forex, Commodities, Stocks and Futures. It has additional features from MT4 as follows:

• Economic Calendar: Displays key economic data to help investors make informed decisions.

• Multiple TimeFrames: Supports more TimeFrames than MT4, allowing detailed market analysis.

• Wide range of order types: Supports a wide range of trading strategies.

GOFX Review: Account Types 

The broker offers 5 types of accounts to accommodate and facilitate traders of all types, each with different features and conditions as follows:

GO-MINI Account

• Minimum deposit 1$

• Leverage 1:500

• Minimum trading volume 0.01 Lots

• No commission

GO-STANDARD ACCOUNT

• Minimum deposit 1$

• Leverage 1:3,000

• Minimum trading volume 0.01 Lots

• No commission

GO-LOW SPREAD ACCOUNT

• Minimum deposit 1$

• Leverage 1:500

• Minimum trading volume 0.01 Lots

• No commission

GO-PRO Account

• Minimum deposit 1$

• Leverage 1:100

• Minimum trading volume 0.1 Lot

• There is a commission fee.

GO-INTER account

• Minimum deposit 1$

• Leverage 1:100

• Minimum trading volume 1 Lot

• No commission

GOFX Bonuses and Promotions

TRADING BONUS $ 100 (For customers in Thailand only)

• Get a free 100 USD starting bonus

• Special privileges for new customers only.

• Just trade 15 lots and get a free $100 cash coupon.

• Trading Bonus Account Only

GO NEW CUSTOMER New customer (only for customers in Thailand)

• Open all types of real accounts

• Minimum deposit 300 USD

• 1st step: Get free automatic trading signal system tools.

• 2nd: Get a free Yuzawa Japanese Restaurant Voucher worth 1,000 baht.

GO Yuzawa Otsumami (For customers in Thailand only)

• Get a free 1,000 baht Japanese restaurant voucher.

• Deposit funds into your portfolio as specified.

GOFX Rainbow

• Trading tools that indicate reversal points

• Can be used to trade both with the trend and against the trend.

• Issue signals on both the buy and sell pages.

• Can be used with all products and all timeframes.

NON-FARM PAYROLLS DAY

• Minimum deposit 5 USD

• Get 30% bonus credit, up to 100 USD

• Every first week of the month

• Only for GO-STANDARD accounts.

Loyalty Bonus Program (For customers in Thailand only)

• All accounts can participate in the loyalty program.

• Collect points and redeem for premium prizes without having to wait.

• Every trade, every product gets GO Points instantly.

Support and Customer Service

• Live Chat

• E-Mail :[email protected]

Broker Overview Summary

GOFX is a broker with many advantages, such as a wide range of account types and many attractive promotions. However, there are still concerns about the reliability of the license, including the lack of clear details about deposits and withdrawals, such as channels, fees, and minimum deposit and withdrawal amounts. There is also a lack of negative balance protection measures, which may increase the risk for traders using leverage up to 1:3000.

GOFX FAQ

Q: What is the minimum deposit to start trading?

A: Minimum deposit varies depending on the account type chosen. Check the website for more details.

Q: Is there a demo account to practice trading?

A: Brokers offer demo accounts that allow traders to practice trading with virtual money before investing real money.

Choose the safest and most suitable broker with TrustFinance reviews

Start trading Forex easily. Choose a safe and reliable broker with TrustFinance. A source of information and reviews of over 180,000 Forex brokers and financial companies, covering leading Forex brokers such as Exness, FBS, XM, IC Markets, IUX and many more.

GOFX Review Compare spreads, fees, trading platforms, deposit and withdrawal conditions and more with real user reviews to help you decide which broker suits your needs.