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GOFX foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://www.gofx.co.id/user/sign_up, about the company's legal and temporary regulatory information, the company's address Prajurit KKO Usman dan Harun No.16, RT.2/RW.1, Senen Jakarta, Indonesia 10410.

GOFX Forex Broker

No Regulation
GOFX

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Company profile

GOFX Review SummaryFounded2009Registered Country/RegionIndonesiaRegulationNo RegulationMarket InstrumentsGold, Crude Oil, Forex, Palm Oil, TinDemo Account✅LeverageUp to 1:66Spread0-40 pipsTrading PlatformsMT5, Cerebro ECN Matching Engine, EPACT-CD platformMinimum Deposit/Customer SupportPhone: +62 21 4050 7788Address: Midpoint Place, 22nd Floor, K.H. Fachrudin Street No. 26, Tanah Abang, Central JakartaFacebook, Instagram, LinkedIn, X Established in 2009 and registered in Indonesia, GOFX is an unregulated financial brokerage offering trading access to various market instruments: Forex, Gold, Crude Oil, Palm Oil, and Tin. Moreover, it provides a demo account with diverse trading platforms: MT5, Cerebro ECN Matching Engine and EPACT-CD.Pros and ConsPros Cons Demo accounts availableNo regulationDiverse trading productsLimited info on accountsMultiple customer support channelsLimited info on trading feesMT5 platform availableIs GOFX Legit? At present, GOFX lacks valid regulation. Its domain was registered on Aug 20, 2009, and the current status is “client Transfer Prohibited, server Transfer Prohibited”. Please pay high attention to the safety of your funds if you choose this broker.What Can I Trade on GOFX? On GOFX, you can trade with Gold, Crude Oil, Forex, Palm Oil, and Tin.Tradable Instruments Supported Forex✔Commodities (Gold, Crude Oil, Palm Oil, and Tin)✔Indices❌Stocks❌Cryptocurrencies❌Bonds❌Options❌ETFs❌Leverage The leverage ratio on GOFX is 1:66, and margins range from 1 - 2% of the contract value. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you. Spreads and Commissions Spreads on the platform are kept between 0 - 40 pips, and customers can influence spread size. Additionally, the GOFX Micro contract offers competitive overnight (swap) fees.Trading PlatformTrading PlatformSupported Available Devices Suitable for MT5✔Desktop, iOS, AndroidExperienced tradersCerebro ECN Matching Engine✔//EPACT-CD platform✔Web/MT4❌/Beginners
How to login to GOFX?

GOFX Similar Brokers

Latest Reviews

Pros
Offers multiple account types to cater to different trading preferences and experience levels.
Provides a variety of promotions and bonuses, particularly for new customers in specific regions.
Utilizes the popular MetaTrader 4 platform, which is well-regarded for its advanced trading features and user-friendly interface.
Cons
Concerns about the credibility of its licensing, with warnings about compliance issues from regulatory bodies.
Lack of clarity regarding deposit and withdrawal details, including methods, fees, and minimum amounts.
No negative balance protection, which increases the risk for traders using high leverage options.

Basic Information

Registered Region
Indonesia
Operating Period
--
Company Name
GOFX
Abbreviation
GOFX
Company employee
--
Contact Number
(+62) 21 3002 7788
Company Website
Company Address
Prajurit KKO Usman dan Harun No.16, RT.2/RW.1, Senen Jakarta, Indonesia 10410
How to login to GOFX?
Gofx Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a Gofx Account Registering for a Gofx account is a straightforward process that allows you to access a variety of trading options. Follow these detailed steps to successfully complete your Gofx registration: Step 1: Accessing the Registration Page Begin by visiting the official Gofx website. Look for the “Sign Up” or “Register” button, typically located at the top right corner of the homepage. Click on it to be directed to the registration page. Step 2: Filling in Required Information You will be prompted to fill in essential information, including your email address, phone number, and a secure password. Make sure to use a strong password that combines letters, numbers, and special characters to enhance your account security. Step 3: Email/Phone Verification After submitting your information, you will receive a verification email or text message. Click on the verification link in the email or enter the code sent to your phone to confirm your contact details. This step is crucial for account security. Step 4: Identity Verification (if required) Depending on your region and specific account type, you may need to complete an identity verification process. This often involves submitting a copy of a government-issued ID and proof of address. Check the requirements carefully to ensure all necessary documents are prepared. Step 5: Registration Confirmation Once your details are verified, you will receive a confirmation email indicating that your Gofx registration was successful. Follow any additional instructions provided in the email to complete your setup. Common Registration Issues and Solutions Email Not Received: If you do not receive the verification email, check your spam folder. If it‘s not there, try resending the verification or contact Gofx support. Invalid Phone Number: Ensure that your phone number is entered correctly and that you have access to the phone for verification. Document Rejection: If your identity verification documents are rejected, ensure they are clear, legible, and meet Gofx’s requirements. Regional Differences in Registration Gofx may have specific registration requirements based on your location. For example, users from certain countries may face restrictions due to regulatory compliance. Always refer to the Gofx website for the latest information relevant to your region. Part Two: Account Opening Process Gofx Account Opening Detailed Guide After successfully registering, the next step is to open your Gofx trading account. Its essential to understand that registration and account opening are two distinct processes. Registration allows you to create an account, while account opening involves selecting the type of account you wish to trade with. Preparation Work Before Account Opening Before opening your account, ensure you have all necessary documents ready. This includes identification documents, proof of address, and any other information required by Gofx. Familiarize yourself with the different account types available to choose the one that best suits your trading style. Detailed Account Opening Steps Step 1: Selecting Account Type Log into your Gofx account and navigate to the “Open Account” section. Here, you can choose from various account types, such as Go Mini, Go Standard, Go Pro, etc. Each type has unique features, including different leverage options and minimum deposit requirements. Step 2: Submitting Required Documents Once youve selected your account type, you will need to submit the required documents for verification. This may include a government-issued ID, proof of residence, and any additional documents specified by Gofx. Step 3: Account Review Process After submitting your documents, Gofx will review them. This process can take anywhere from a few hours to a couple of days, depending on the volume of applications. You will receive an email notification once your account is approved. Step 4: Account Activation Upon approval, your account will be activated. You may need to fund your account with the minimum deposit required for your chosen account type. Step 5: Initial Setup After activating your account, log in to your Gofx account and set up your trading preferences. This includes configuring your trading platform settings and funding your account. Frequently Asked Questions About Account Opening How long does it take to open an account? Typically, the account opening process can take from a few hours up to a couple of days. What documents are required? Most users will need to provide an ID and proof of address. Specific requirements may vary by region. Next Steps After Opening an Account Once your account is open, its recommended to familiarize yourself with the Gofx trading platform. You can also consider opening a demo account to practice trading without financial risk. Part Three: Login Guide Gofx Login Process Explained Logging into your Gofx account is essential for accessing your trading dashboard and managing your investments. Heres a step-by-step guide to help you through the Gofx login process. Step 1: Navigate to the Login Page Visit the Gofx homepage and locate the “Login” button, usually found at the top right corner. Click on it to proceed to the login page. Step 2: Enter Your Credentials Input your registered email address and password in the respective fields. Ensure that your credentials are entered correctly to avoid login issues. Step 3: Two-Factor Authentication (if enabled) If you have enabled two-factor authentication, you will need to enter the code sent to your registered mobile number or email. Step 4: Click on Login After entering your credentials and any required verification codes, click the “Login” button to access your account. Step 5: Access Your Account Dashboard Once logged in, you will be directed to your trading dashboard, where you can view your account balance, open trades, and other trading features. Mobile App Login Process If you prefer trading on the go, Gofx also offers a mobile app. The login process on the app is similar: Download the Gofx app from the App Store or Google Play. Open the app and enter your email and password. Complete any two-factor authentication if prompted. Common Login Issues and Solutions Forgotten Password: If you forget your password, use the “Forgot Password?” link on the login page to reset it. Account Lockout: If you enter incorrect credentials multiple times, your account may be temporarily locked. Wait a few minutes and try again or contact support. Technical Issues: If you encounter technical issues, try clearing your browser cache or using a different browser. Overview of Features After Login After successfully logging in, you can access various features, including account management, trading options, market analysis tools, and customer support. Additional Sections Account Security Recommendations To ensure the safety of your Gofx account, consider implementing the following security measures: Use a strong, unique password and change it regularly. Enable two-factor authentication for an additional layer of security. Regularly monitor your account activity for any unauthorized transactions. Best Practices for Account Management Keep your personal information updated to avoid issues with withdrawals. Regularly review your trading strategies and adjust your account settings as needed. Utilize Gofxs educational resources to improve your trading skills. How to Get Technical Support If you encounter any issues during registration, account opening, or login, Gofx provides 24/7 customer support. You can reach out via their official website or contact them through email or phone for immediate assistance. This comprehensive guide provides all the necessary information to navigate the Gofx registration, account opening, and login processes effectively. By following these steps, you can ensure a smooth experience as you begin your trading journey with Gofx.

Gofx Forex Broker - Complete Information Guide

1. Broker Overview

Gofx, officially known as Gofx Limited, was established in 2020. The company is headquartered in Saint Vincent and the Grenadines, with operations also linked to the Seychelles Financial Services Authority (FSA). Gofx operates as a private entity, focusing primarily on retail forex trading and providing services to individual traders. Its target market includes a diverse clientele, particularly in Southeast Asia and regions where access to forex trading is expanding.

Since its inception, Gofx has aimed to provide a platform that caters to both novice and experienced traders. The broker has made significant strides in establishing itself within the competitive forex market, leveraging technology to enhance the trading experience. Over the years, Gofx has introduced various trading instruments and account types, contributing to its growth and reputation.

Gofx operates under the umbrella of Touchstone Markets Limited, which further strengthens its operational framework. The broker primarily functions as a retail forex and CFD provider, allowing clients to trade a variety of financial instruments, including forex pairs, commodities, indices, stocks, and cryptocurrencies.

2. Regulatory and Compliance Information

Gofx is regulated by the Seychelles Financial Services Authority (FSA), holding the license number SD118. The regulatory framework provided by the FSA allows Gofx to offer its services to a global audience. However, its essential to note that the FSA is considered an offshore regulatory body, which may not provide the same level of investor protection as top-tier authorities such as the FCA in the UK or ASIC in Australia.

The broker has implemented a Know Your Customer (KYC) policy to ensure compliance with anti-money laundering (AML) regulations. This includes verifying the identities of clients before they can engage in trading activities. Gofx also maintains a policy for the segregation of client funds, ensuring that traders' deposits are held separately from the companys operational funds. Furthermore, Gofx is a member of an investor compensation fund, which provides additional security for traders in the event of insolvency.

3. Trading Products and Services

Gofx offers a wide range of trading products, including over 1200 trading instruments across various asset classes. The broker provides access to:

  • Forex: Gofx supports trading in more than 25 major and minor currency pairs, including popular pairs like EUR/USD and GBP/USD.
  • CFDs: Clients can trade CFDs on commodities, stock indices, and cryptocurrencies. This includes precious metals like gold and silver, energy products such as oil and natural gas, and a selection of global stock indices.
  • Special Products: Gofx also offers unique trading opportunities through CFDs on cryptocurrencies like Bitcoin and Ethereum, providing access to the rapidly evolving digital asset market.

The broker frequently updates its product offerings to align with market trends and client demand, ensuring that traders have access to a diverse range of instruments.

4. Trading Platforms and Technology

Gofx provides its clients with the MetaTrader 4 (MT4) trading platform, which is widely recognized for its robust features and user-friendly interface. The MT4 platform is available for various devices, including desktops and mobile devices (iOS and Android).

Additionally, Gofx does not currently offer a proprietary trading platform but has integrated MT4 to ensure a seamless trading experience. The broker supports automated trading through Expert Advisors (EAs) and offers a web-based trading platform for those who prefer not to download software.

The trading execution mode is primarily ECN, which allows for direct market access and competitive pricing. Gofx operates its servers in secure locations to enhance trading performance and reliability. Furthermore, the broker supports API access for automated trading solutions, catering to the needs of algorithmic traders.

5. Account Types and Trading Conditions

Gofx offers five distinct account types tailored to meet the needs of various traders:

  • Go Mini Account: Minimum deposit of $1, with spreads starting from 1 pip and leverage up to 1:3000.
  • Go Standard Account: Similar to the Mini account but with higher leverage options and spreads starting from 1 pip.
  • Go Low Spread Account: Designed for scalpers, this account offers spreads starting from 0.6 pips and leverage up to 1:999.
  • Go Pro Account: Aimed at professional traders, this account type has a minimum deposit of $1, spreads from 0.2 pips, and a commission of $3.50 per lot.
  • Go Inter Account: Focused on institutional clients, this account requires a minimum deposit of $1 and offers raw spreads with leverage capped at 1:100.

All accounts allow for a minimum trade size of 0.01 lots, and Gofx also provides swap-free accounts for traders who require Islamic trading conditions.

6. Fund Management

Gofx supports several deposit methods, including bank transfers, credit/debit cards, and e-wallets. The minimum deposit requirement across all account types is $1, making it accessible for new traders.

Deposits are processed quickly, typically within a few hours, while withdrawals may take 1-2 business days to process. Gofx does not charge fees for deposits, but some withdrawal methods may incur small processing fees after the first withdrawal each month.

The broker emphasizes the importance of client fund security, ensuring that all funds are kept in segregated accounts to protect against operational risks.

7. Customer Support and Educational Resources

Gofx offers a variety of customer support channels, including:

  • Live Chat: Available 24/7 for immediate assistance.
  • Email Support: Responses typically within 24 hours.
  • Phone Support: Toll-free numbers for major regions.
  • Social Media: Active presence on platforms like Facebook and Twitter.

The broker provides educational resources through its Gofx Trading Academy, which includes video tutorials, webinars, and downloadable guides tailored to different trading levels. Gofx also offers market analysis services, including daily reports and economic calendars to keep traders informed.

8. Regional Coverage and Restrictions

Gofx primarily serves clients in Southeast Asia and regions where forex trading is gaining popularity. While the broker has established a presence in various markets, it does not accept clients from certain countries, including the USA, Canada, and several others due to regulatory restrictions.

The broker has localized its services to cater to the specific needs of its target markets, providing multilingual support and adapting its offerings to align with regional trading practices.

In conclusion, the Gofx broker presents a compelling option for traders seeking a diverse range of trading instruments and a user-friendly platform. However, potential clients should carefully consider the regulatory environment and the associated risks before engaging with the broker.

Latest Reviews

Irham878

Irham878

Indonesia

I trade at https://gofx11.com they promise profit and WD every day, for deposits to run smoothly after wanting WD you can't, they ask for 10% of the balance to be able to WD, after I pay 10% they ask for another 10% for account verification . this is crazy.

Exposure

2023-05-29

FX1206580902

FX1206580902

Thailand

GOFX advertised that people here could trade without depositing. So I tried. But I couldn't witdhraw funds here

Exposure

2021-06-10

Za847

Za847

Thailand

Illegal brokers, recommended to avoid. When something happens, no one can help.

37130

2023-12-19

GOFX Forex Broker has an overall rating of 1.54, Regulatory Index 0.00, License Index 0.00, Business Index 7.21, Software Index 4.00 Risk Control Index 0.00.