GOFX Forex Broker

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