GODO Forex Broker

GODO Review SummaryFounded2019Registered Country/RegionMauritiusRegulationOffshore regulated by FSCMarket Instruments3,000+, Forex, metals, indices, stocks, cryptocurrencies, futures, commodities (oil)Demo Account✅LeverageUp to 1:500SpreadFrom 1.2 pips (Standard account)Trading PlatformMT4, MT5, cTraderMinimum Deposit$10Customer Support24/7 support, Contact FormEmail: cs@godocm.comCompany Address: 12th Floor, Standard Chartered Tower, Bank Street, Cybercity, Ebene, 72201, MauritiusSocial Media: Facebook, Twitter, YouTube, Instagram, Telegram, LinkedInRegional RestrictionAfghanistan, Cote d‘Ivoire, Cuba, Iran, Libya, Myanmar, North Korea, Sudan, Puerto Rico, Syria, YemenGODO Information GODO, is allegedly a forex and CFD broker registered in Mauritius that claims to provide its clients with various tradable financial instruments with flexible leverage up to 1:1000 and variable spreads from 0 pips on MT4, MT5, and cTrader, as well as a choice of six different account types and 24/7 customer support service. GODO does not offer its services to the residents of certain jurisdictions such as Afghanistan, Cote d’Ivoire, Cuba, Iran, Libya, Myanmar, North Korea, Sudan, Puerto Rico, Syria, and Yemen.Pros and ConsProsConsVarious market offeringsOffshore FSC regulatedDemo accounts availableRegional restrictionsMT4 and MT5 platforms24/7 customer supportLow minimum deposit requirementIs GODO Legit? GODO is offshore regulated by the Financial Services Commission (FSC). However, offshore regulators may not offer the same level of protection as major regulatory bodies, which means trading activities on this platform still carry significant risks.Regulated CountryRegulated AuthorityRegulatory Status Regulated EntityLicense TypeLicense NumberFinancial Services Commission (FSC)Offshore RegulatedGOTO LTDRetail Forex LicenseGB20025812What Can I Trade on GODO? GODO claims to offer over 3,000 market instruments, covering forex, metals, indices, stocks, cryptocurrencies, futures, and commodities (oil). However, tradable assets vary based on the account class.Trading AssetAvailableforex✔metals✔commodities✔indices✔stocks ✔cryptocurrencies✔bonds❌options❌funds❌ETFs❌Account Type With a low minimum deposit of $10, GODO offers a demo account and six types of live accounts: Standard, Pro, Zero, Copy Trading, Cents, and Yield.Account TypeStandard Pro Zero Copy Trading Cents Yield Minimum Deposit$100$1,000$3,000$1,000$10$3,000SpreadFrom 1.2 pipsFrom 0.7 pipsFrom 0.0 pipsFrom 1.2 pips/Commission❌$3.5❌Leverage1:5001:1000/Stop Out Level30%50%/Lot Size0.01-100/InstrumentsForex, Metals, Oil, Indices & SharesForex, MetalsForex, Metals, Oil, IndicesForex/Leverage GODO offers a leverage of up to 1:1000. Note that high leverage can amplify not only profits but also losses. Fees On this platform, the spreads for each account vary, with the minimum being 0 pips. GODO charges a commission of $3.5 for the Zero Account.Account TypeSpreadCommissionStandard AccountFrom 1.2 pips❌Pro AccountFrom 0.7 pipsZero AccountFrom 0.0 pips$3.5Copy Trading AccountFrom 1.2 pips❌Cents AccountYield Account/Trading Platform Traders on GODO get access to three popular trading platforms: cTrader, MT4, and MT5. cTrader is a popular multi/asset trading platform, designed primarily for forex and CFD trading. It is known for its user/friendly interface, fast execution speed, and advanced charting tools. MT4 is a powerful, easy/to/use platform ideal for both beginners and experienced traders in the forex and CFD markets. Meanwhile, its successor, MT5, is more versatile than MT4; it is slightly more complex, which makes it a preferred choice for experienced traders or those looking for multi/asset trading capabilities.Trading PlatformSupported Available Devices Suitable for cTrader✔Desktop, Mobile, Web/MT5✔Desktop, Mobile, WebExperienced tradersMT4✔Desktop, Mobile, WebBeginnersDeposit and Withdrawal GODO accepts payment methods including Neteller, AfrAsia Bank, Mastercard, PayPal, Visa, and Skrill.