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GODO Forex Broker provides real users with 5 positive reviews, 2 neutral reviews and 1 exposure review!

GODO Broker Review

6.27

WikiFX monitor

Software Index

Full License

Regulation

Regulated in Mauritius

GODO Review 8

Latest All(8) Positive(5) Neutral(2) Exposure(1)
Positive

Same day Withdrawals!! :) In the beginning I had no idea that how stock trading works. But now working with GoDo for more than two years, has boosted my knowledge to make my right decision at a right time! I’ve invest in Forex and Gold with this company too, they have made transfer of funds so easily that I daily withdraw my profits at 4pm. When I share my success story with my clients, friends and family, they feel so motivated to make a calculated risk to invest in this trusted company. I enjoy to see negative comments of fellow competitors because they can only dream to reach the level of professionalism of GoDo!! I am absolutely impressed with the ethical practices demonstrated by this company! From the very beginning, it was evident that they prioritize integrity and transparency in everything they do. Their commitment to fairness and social responsibility is truly commendable. It's refreshing to see a company that goes the extra mile to ensure their actions positively impact!😀

Leonardo_Italy
17h
Exposure
Stay away from this scammer!

Trading account 509775. Everything as usual: if you lose money, you are needed by the broker. If you earn - we will reset you, we don't need profitable clients. It started with communication with a manager who abandoned me after registration with trading offers. Manager Richa. I clarified many details (whether scalping is allowed, order duration, hedging and aggressive trading styles, HFT), provided one of the trading reports from the previous broker (!!!) and decided to deposit the minimum of 100 dollars. I traded gold, it's very volatile lately. After a week of trading and deposit growth to 500 dollars, the broker decided that my trading was not profitable for him because I started making money. "Corporate" investigations were launched, words about "we strive to provide equal conditions" and "we will not tolerate deception". As a result, I was accused of arbitrage and thrown overboard. They promised to return only the deposit. I'm waiting for the refund. I DO NOT RECOMMEND THIS BROKER for trading!!!

Andrei2203
02-17
Positive
Versatile Order Types on GoDo CM MT4 & MT5: Boosting Trading Strategies with Excellent Support

I like that GoDo CM mt4 & mt5 platform supports various order types, which allows me to choose the best method for each trade, good for my trading strategy. Customer support is really good. They answer quickly and give me clear answers. It's nice to have someone to help when I have a problem. 👍👍👍

Oliver Harrious
2024-05-22
Positive
Efficient Trading: Smooth Experience with Top Platforms and Timely Withdrawals

Reliable platforms with excellent customer service are crucial in the world of finance, especially when it comes to online trading or investment activities. Fast withdrawal times and quality analysis can definitely contribute to a smooth and efficient trading experience.

Arjun Kapoor
2024-05-16
Positive
GoDo FX Excelles, Backed by Unmatched Customer Service and Tech Support

The GoDo FX works really great, but more importantly, the customer service and technical support are second to none. I have nothing but good things to say about James's full support and excellent services.

James Wilson
2024-05-16
Neutral

GoDO FX is remarkable! I am happy with my trading on this platform. I was offered narrow spreads, advanced platform options, as well as professional customer service. Really a surprise! I thought it would let me down.

FX1284110423
2023-02-24
Positive

Seeing that many people on the Internet strongly recommend this broker, so I spent $10 to open a cent account. So far, I haven't found any problems. Hopefully, my decision to choose this broker for trading was the right one. If I can gain some profits by myself, it will be much better.

ㅎㅎㅎ
2022-11-30
Neutral

This platform appears to offer pretty good trading climate, with Islamic account, copy trading account available, the minimum deposit of $100 is quite friendly. However, when I began to chat with its customer support team, a guy named Luke began to persuade me into making deposits, I said I would consider this, then he didn’t reply me from then on….

Aiden Li
2022-11-30

  

GoDo 2025 Review: Everything You Need to Know

  Summary: The GoDo forex broker has garnered mixed reviews, with some users praising its competitive trading conditions and customer support, while others express concerns about its regulatory status and withdrawal issues. GoDo offers a variety of account types and trading platforms, including MT4 and MT5, but potential traders should approach with caution due to its offshore regulation.

  Note: It is important to highlight that GoDo operates under different entities across various regions, which may impact the regulatory oversight and user experience. This review aims to provide a fair and accurate assessment based on available information.

  

Ratings Overview

Category Rating (out of 10)
Account Conditions 6
Tools and Resources 5
Customer Service and Support 7
Trading Setup (Experience) 6
Trustworthiness 4
User Experience 5

  How We Rated the Broker: Our ratings are based on a comprehensive analysis of user experiences, expert opinions, and factual data regarding GoDo's offerings.

  

Broker Overview

  Founded in 2021, GoDo, formerly known as God of X, is a forex and CFD broker that operates primarily from Mauritius. The broker provides access to the popular trading platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5), allowing traders to engage with over 35 currency pairs, commodities, and indices. GoDo is regulated by the Financial Services Commission (FSC) in Mauritius, which is often considered an offshore regulatory environment.

  

Detailed Section

  

Regulatory Environment

  GoDo is registered in Mauritius and regulated by the Financial Services Commission (FSC) with the license number GB20025812. However, the FSC is often viewed as a less stringent regulatory body compared to major regulators like the FCA or ASIC. This has led to concerns regarding the safety of client funds and the overall trustworthiness of the broker. According to multiple sources, including WikiFX, the lack of robust regulatory oversight is a significant red flag for potential investors.

  

Deposit/Withdrawal Methods

  GoDo supports various deposit and withdrawal methods, including bank wire transfers and credit/debit cards like Visa and Mastercard. The minimum deposit to open a live account is as low as $10, which is attractive for new traders. However, users have reported issues with withdrawals, citing delays and additional fees, which may deter some potential clients. For instance, a standard withdrawal fee of $25 applies, which adds to the overall cost of trading with GoDo.

  

Minimum Deposit

  The minimum deposit requirement is notably low at $10 for the cents account, making it accessible for beginner traders. However, higher minimums apply for other account types, such as $100 for standard and Islamic accounts, and up to $25,000 for institutional accounts. This tiered structure allows traders to choose according to their financial capabilities and trading goals.

  

Bonuses/Promotions

  There is limited information regarding any promotional offers or bonuses provided by GoDo. Many brokers in the industry offer welcome bonuses or trading credits, but GoDo seems to focus more on competitive trading conditions rather than promotional incentives.

  

Tradable Asset Classes

  GoDo offers a diverse range of tradable assets, including over 35 forex currency pairs, commodities like gold and silver, and various indices. This variety allows traders to diversify their portfolios and engage in different markets. However, the broker does not appear to offer cryptocurrencies, which may be a drawback for traders looking to invest in digital assets.

  

Costs (Spreads, Fees, Commissions)

  Spreads at GoDo start from 0.6 pips for professional accounts, with variable spreads for other account types. The absence of commissions on most accounts is a positive aspect, but users should be aware of potential hidden fees, especially concerning withdrawals and account inactivity.

  

Leverage

  GoDo provides a maximum leverage of up to 1:500, which can be appealing for traders looking to maximize their trading potential. However, high leverage also increases the risk of significant losses, and traders should exercise caution when using it.

  

Allowed Trading Platforms

  GoDo primarily utilizes the MT4 and MT5 platforms, which are well-regarded in the trading community for their reliability and extensive features, including automated trading capabilities. The platforms are accessible via web, desktop, and mobile devices, making it convenient for traders to manage their accounts on the go.

  

Restricted Regions

  GoDo appears to have restrictions on clients from certain jurisdictions, particularly the United States. This is common among many forex brokers due to regulatory compliance issues, and potential clients should verify whether their country of residence is eligible for trading with GoDo.

  

Customer Service Languages

  GoDo offers customer support in English, with multiple channels available, including email and phone support. User reviews indicate that the customer service is responsive and helpful, which is a positive aspect for traders seeking assistance.

  

Repeated Ratings Overview

Category Rating (out of 10)
Account Conditions 6
Tools and Resources 5
Customer Service and Support 7
Trading Setup (Experience) 6
Trustworthiness 4
User Experience 5

  

Detailed Breakdown Section

  • Account Conditions (6): GoDo offers various account types with low minimum deposits, making it accessible for new traders. However, the regulatory environment raises concerns about the safety of funds.
  • Tools and Resources (5): The broker provides access to popular trading platforms, but there is a lack of educational resources and market analysis tools compared to other brokers.
  • Customer Service and Support (7): Users report positive experiences with customer support, indicating responsiveness and helpfulness, which is crucial for trading success.
  • Trading Setup (Experience) (6): The trading experience is generally smooth, but withdrawal issues reported by users can be a significant drawback.
  • Trustworthiness (4): The offshore regulatory status and negative user reviews regarding withdrawals contribute to a lower trust rating.
  • User Experience (5): Overall user experience is mixed, with some users satisfied with the trading conditions while others report significant issues with withdrawals.

  In conclusion, while GoDo presents some attractive features such as low minimum deposits and a variety of trading instruments, potential traders should weigh these against the concerns regarding regulatory oversight and withdrawal issues. Caution is advised when considering this broker for trading activities.