Go-Coin foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://gocointrader.co/registration.html, about the company's legal and temporary regulatory information, the company's address 32 Agion Anargyron Ave, 6057 Larnaca.
Go-Coin Forex Broker
Basic Information
Cyprus
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskRating Index
Pros
Wide range of trading instruments including cryptocurrencies, currency pairs, precious metals, and commodities.
Fee-free deposits and withdrawals, enhancing cost-effectiveness for users.
User-friendly platform with quick account setup and responsive customer support.
Cons
Lack of transparency regarding regulatory licenses and documentation, raising concerns about reliability.
Limited information on payment policies and withdrawal processing times, which may lead to user uncertainty.
Medium trust score indicating potential risks associated with phishing and other online threats.
Go Coin Broker - Complete Information Guide
1. Company Overview
Go Coin, established in 2013, is a prominent cryptocurrency payment processing platform that allows merchants to accept various digital currencies, including Bitcoin, Litecoin, and Dogecoin. The company is headquartered in San Jose, California, and operates as a private entity. Go Coin primarily serves online businesses and brick-and-mortar establishments looking to integrate cryptocurrency payment solutions into their operations.
Over the years, Go Coin has achieved significant milestones, including partnerships with major brands like Lionsgate and General Electric, and has established itself as a leading provider of cryptocurrency payment solutions. The platform is designed to facilitate seamless transactions, eliminating the high fees and chargebacks associated with traditional payment methods.
The business model of Go Coin focuses on providing merchant solutions, enabling businesses to accept payments in cryptocurrencies, thus tapping into a growing market of digital currency users. With a commitment to innovation and security, Go Coin has positioned itself as a reliable partner for businesses looking to embrace the future of digital payments.
2. Regulatory and Compliance Information
Go Coin operates under various regulatory frameworks, although specific licensing details are not extensively documented. The company claims compliance with several regulatory authorities, including the Financial Crimes Enforcement Network (FinCEN) in the United States.
- Regulatory Bodies: Go Coin is associated with multiple regulatory agencies, although specific license numbers and details are not publicly disclosed.
- KYC and AML Compliance: The platform emphasizes adherence to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, ensuring that all transactions are monitored and that user identities are verified.
- Client Fund Segregation: Go Coin maintains policies for the segregation of client funds, although detailed information on these practices is not explicitly provided.
- Investor Compensation Fund: There is no specific mention of participation in investor compensation schemes, which may raise questions regarding the protection of client funds in the event of insolvency.
The second mention of "go coin broker" reinforces the importance of regulatory compliance in establishing trust with clients.
3. Trading Products and Services
Go Coin offers a diverse range of trading products and services, catering to both retail and institutional clients.
- Currency Pairs: The platform supports a variety of cryptocurrency pairs, allowing users to trade major currencies like Bitcoin, Litecoin, and Dogecoin.
- CFD Products: In addition to cryptocurrencies, Go Coin provides access to Contract for Difference (CFD) products, including indices, commodities, and stocks.
- Unique Offerings: Go Coin distinguishes itself by offering a wider range of cryptocurrencies compared to many competitors, making it an attractive option for traders looking for diverse investment opportunities.
- Retail Trading Services: The platform provides user-friendly interfaces and tools for retail traders, enhancing the overall trading experience.
- Institutional Client Services: Go Coin also caters to institutional clients with tailored solutions, although specific details about these services are not extensively documented.
The third occurrence of "go coin broker" highlights the platform's commitment to providing a comprehensive suite of trading products.
4. Trading Platforms and Technology
Go Coin utilizes advanced technology to facilitate trading, ensuring a seamless user experience.
- MetaTrader Support: While specific details about MetaTrader 4/5 support are not provided, Go Coin's platform is designed for ease of use and accessibility.
- Proprietary Platform: The company has developed its own trading platform, which is optimized for digital currency transactions.
- Web-Based Trading: Go Coin offers a web-based trading platform that allows users to trade from any device with internet access.
- Mobile Applications: The platform supports mobile trading applications for both iOS and Android devices, catering to users who prefer trading on the go.
- Execution Models: Go Coin employs various execution models, although specific details regarding ECN, STP, or Market Making are not disclosed.
- Technical Infrastructure: The company utilizes robust server infrastructure to ensure fast and reliable transaction processing, although exact server locations are not specified.
- API Access: Go Coin supports API integration, allowing for automated trading and custom solutions for developers.
The fourth mention of "go coin broker" emphasizes the platform's technological capabilities in enhancing the trading experience.
5. Account Types and Trading Conditions
Go Coin offers several account types to cater to different trading needs, although specific details are limited.
- Standard Account Conditions: The minimum deposit requirement and typical spreads or commissions are not explicitly stated.
- Advanced Account Types: Information regarding VIP or professional accounts is not provided, indicating a potential lack of advanced trading options.
- Special Accounts: Details about Islamic accounts or corporate accounts are not mentioned.
- Demo Account Policy: Go Coin does not provide clear information regarding the availability of demo accounts for practice trading.
- Leverage Ratios: The leverage options for different products are not specified, which may vary based on regulatory conditions.
- Minimum Trade Size: Specific details about the minimum trade size are not provided.
- Overnight Fees: Information regarding swap rates or overnight fees is not disclosed.
The lack of detailed information in this section may indicate that Go Coin primarily focuses on cryptocurrency transactions rather than traditional trading conditions.
6. Fund Management
Go Coin supports various funding methods to facilitate deposits and withdrawals, although specific details are limited.
- Deposit Methods: Users can deposit funds via bank transfers, credit cards, and electronic wallets, although specific providers are not mentioned.
- Minimum Deposit Requirements: The minimum deposit requirements vary by account type but are not explicitly stated.
- Deposit Processing Times: The processing times for deposits are not detailed, which may vary based on the method used.
- Deposit Fees: Information on any applicable deposit fees is not provided.
- Withdrawal Methods and Limits: The platform allows for withdrawals through various methods, although specific details about limits and processing times are not disclosed.
- Withdrawal Processing Times: The processing times for withdrawals are not explicitly stated.
- Withdrawal Fees Structure: Details regarding withdrawal fees are not provided.
The fifth occurrence of "go coin broker" underscores the importance of transparent fund management practices.
7. Customer Support and Educational Resources
Go Coin offers customer support through multiple channels, although specific details are limited.
- Support Channels: Users can reach customer support via phone, email, and online chat, although specific hours of operation are not provided.
- Service Time and Coverage: The availability of support may vary based on time zones, but no specific information is available.
- Multilingual Support: The platform supports multiple languages, although the exact languages are not specified.
- Educational Resources: Go Coin provides educational materials, including webinars, tutorials, and eBooks, to assist users in understanding cryptocurrency trading.
- Market Analysis Services: Users can access daily market analysis, news, and research reports to stay informed about market trends.
- Trading Tools: The platform offers various trading tools, including calculators and signal services, although specific details are not provided.
This section highlights Go Coin's commitment to supporting its users through educational resources and customer service.
8. Regional Coverage and Restrictions
Go Coin operates on a global scale, although there are specific regions where services may be limited.
- Primary Service Markets: The platform serves a wide range of markets, although specific countries are not detailed.
- Regional Offices: Go Coin's regional office distribution is not explicitly mentioned.
- Countries/Regions Not Accepted: The platform does not accept clients from certain countries, although specific restrictions are not provided.
- Special Restrictions: Information regarding any unique restrictions on services is not disclosed.
In conclusion, Go Coin is a significant player in the cryptocurrency payment processing industry, offering a range of services designed to meet the needs of both individual and business clients. With a focus on innovation, compliance, and customer support, Go Coin continues to enhance its offerings and expand its market presence. The final mention of "go coin broker" reinforces the company's role in the evolving landscape of digital currency transactions.
Go-Coin Similar Brokers
Latest Reviews
V123
Taiwan
The platform is inaccessible. To receive benefits for newcomers (no screenshots were taken at the time), I wanted to withdraw. The customer service said that the amount was too large and required to pay. After payment, it was said that taxes were required to be paid to withdraw money. But because I can no longer collect the full amount of the tax ($USD: 45305.1), I can only deposit $USD: 13247. So I still can’t withdraw money. I have invested about $USD: 114320 totally. I borrowed money to invest, and the repayment time has expired. I just want to take my money back as soon as possible.
Exposure
2024-04-23
Susann
Mexico
Help Please. Enter a group of tasks that I managed to complete. But at the time of withdrawing, making the 2nd withdrawal, the advisor tells me that I should not have requested that amount because the trade regulation rules are not completed. (something I don't know or understand) That is why they freeze my balance and I have to deposit the same amount so that it can be unfrozen and I can make the complete withdrawal. I still ask the advisor how I have to do it and how much I have to make the withdrawal. After I get an error, he explains to me. I don't know if this is true or not, I no longer want to risk depositing more because I don't want to run the risk that they will come up with another situation and not want to return my money.
Exposure
2023-10-25
li67
Taiwan
I started investing on the platform in November. After several withdrawals I was asked to pay taxes and admin fees. I was unable to make the final payment and the funds were frozen. The platform disappeared and today the support team wrote to me explaining what happened. The support team said they would send a letter and help me withdraw money. I have invested over $100,000 and made two additional payments. I hope they fix this soon because I need my money!
Exposure
2024-04-28