GOFX Forex broker specializes in providing foreign exchange trading services, the company's official website https://secure.gofx.com/newAccount.html, the company's legitimate regulatory information SeychellesFSARetail Forex License, to enhance the security of the company's address Telepeniou 3A, Office No. 002, 2235 Latsia, Cyprus.
GOFX Forex Broker
Basic information
Saint Vincent and the Grenadines
2-5 years Regulated in Seychelles Retail Forex License MT5 Full License White label MT4 Regional Brokers High potential risk Offshore RegulatedCompany profile
GOFX Information
TouchStone Markets Limited, a Securities Dealer, is a subsidiary of GOFX Group. The tradable instruments include forex, precious metals, indexes, stocks, and energy. The broker also provides five accounts with a maximum leverage of 1:3000. The minimum spread is from 0.2 pips. GOFX is risky due to its offshore regulated status, high leverage, and bad reviews about difficulty withdrawing money.
Pros and Cons
| Pros | Cons |
| Various tradable instruments | Offshore regulated |
| 24/7 customer support | High max leverage |
| MT4/MT5 available | Some negative comments |
| Spread from 0.2 pips | Demo account unavailable |
| MT4/MT5 available |
Is GOFX Legit?
FSA regulates GOFX with license number SD118 and License Type Retail Forex License. However, the 'offshore regulated' current status is not as safe as the regulated one.
What Can I Trade on GOFX?
GOFX offers various market instruments, including CFD on forex, precious metals, indices, stocks, and energy.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Stocks | ✔ |
| Cryptocurrencies | ✔ |
| Precious Metals | ✔ |
| Shares | ❌ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Account Type
GOFX has five account types: Go-mini, Go-standard, Go-low spread, Go-pro, and Go-inter. Traders who want low spreads and leverage can choose a Go-Pro account.
| Account Type | Go-Mini | Go-Standard | Go-Low Spread | Go-Pro | Go-Inter |
| Minimum deposit | $1 | $1 | $1 | $1 | $1 |
| Leverage | Up to 1:500 | Up to 1:3000 | Up to 1:500 | Up to 1:100 | Up to 1:100 |
| Stop Out | ✔ | ✔ | ✔ | ✔ | ✔ |
| Spread | From 1 pip | From 1 pip | From 0.6 pips | From 0.2 pips | Depend on the market |
| Order Quantity | 0.01-100 Lot | 0.01-50 Lot | 0.01-50 Lot | 0.01-50 Lot | Start at 1 Lot |
GOFX Fees
The spread is from 0.2 pips. The Go-Pro account commission requires $3.5/lot. The lower the spread, the faster the liquidity.
Leverage
The maximum leverage is 1:3000 meaning that profits and losses are magnified 3000 times.
Trading Platform
GOFX cooperates with the authoritative MT4 and MT5 trading platforms, which are available in Windows, MAC, IOS, or Android. Junior traders prefer MT4 over MT5. While traders with rich experience are more suitable for using MT5. Both MT4 and MT5 provide various trading strategies and implement EA systems.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Windows/IOS/Android | Junior traders |
| MT5 | ✔ | Windows/MAC/IOS/Android | Experienced traders |
Promotions/Bonus
Minimum deposit is $5. 30% bonus points on deposit amount, up to $100 for standard accounts only.
Rating Index
GO-LOW SPREAD
GO-INTER
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Latest Reviews
raka257
Indonesia
I make a withdrawal on 07-10-2024 and I haven't received it until now
Exposure
2024-07-17
FX1689221982
Indonesia
Last month, Gofx held an NDB promo with various conditions. If the customer meets the requirements, the customer is entitled to a $100 coupon. Gofx stated that the $100 coupon is made for 7 days and can only be sent to customers who meet the conditions. This is the problem. It's been more than 7 days since Gofx hasn't sent the coupon, not just 1 or 2, but many customers haven't received the coupon.
Exposure
2024-07-16
FX2000015930
India
Hello everyone, I am Prince Kumar Singh. I have received $100 ndb bonus by GoFx as a new customer and completed 15 lots by holding each trade 15 min which is almost impossible to do in 30 day, Which i did trading day and night, after asked them to review and approve reward coupon of $100 as acc to t&c 15 lots in 30 calender days irrespective of any profit made or loss in xauusd pair only. This broker never intended to reward anybody just saying t&c violated as an excuse not to approve.Their cust service is very poor, never able to chat with them on website and even didnot reply on mail and also ignoring on messenger.
Exposure
2024-07-20