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Gomax Forex Broker provides real users with * positive reviews, 2 neutral reviews and 10 exposure review!

Gomax Broker Review

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Gomax Review 12

Latest All(12) Neutral(2) Exposure(10)
Exposure
another scammer

please be careful as scammer using your information being posted here to get to know you. they keep saying they can help you to get money back. the website they provide is fake. be aware!

T931
2023-12-17
Neutral
Gomax: Trading Wonderland with 80+ Instruments for Your Financial Adventures

Hey folks, just gotta share my take on Gomax. It's a bit like a trading wonderland with over 80 instruments to play with – Forex, Futures, and CFDs. Picture this: trading currencies like USD/EUR, dabbling in futures contracts for oil or gold, and speculating on stocks and cryptocurrencies without owning them. It's a ride, for sure. If you're into exploring the trading universe, Gomax has the options. Just remember, it's a rollercoaster out here, so trade smart!

Dreams come True
2023-12-05
Neutral
Gomax Unveiled: 0.0 Pip Spreads Beckon, But No Demo Accounts Dilemma

Time to spill the beans on Gomax! Those spreads starting from 0.0 pips? A trader's dream. Platforms – SoonTrade5, BitgetGPX, and the web-based one – give you options, but here's the curveball – no demo accounts. For someone like me who likes to play it safe before diving in, that's a miss. Now, the NFA regulation adds a layer of trust, which is cool. It's a bit of a trade-off, folks – choose wisely!

Bcctaion
2023-12-04
Exposure
Newcomer activity: deposit 100,000 US dollars and get 10,000 US dollars back

I met a person named Lin Xiansheng on Instagram, who induced me to download soontrad5 and taught me how to search for the GOMAX platform to do forex trades, how many points to buy, what points to use the platform, and how to withdraw money. I deposited 2 million Korean won in the beginning and made two deposits, making profits of 61.2 and 159.6 respectively. Then he taught me how to withdraw money. The second deposit was 20 million won, divided into two times, with profits of 2223 and 1950 respectively. Then he said that there is a new member event on the platform, so go to the customer service for consultation. The customer service asked me to deposit 100,000 US dollars and get a rebate of 10,000 US dollars. Since I didn’t have enough Korean won, I asked the customer service if I could deposit money in RMB, and he said yes. When I transferred money to the acceptor's card number, the bank directly froze my account. The next day, I received a call from a friend saying that the anti-fraud center called and asked me not to transfer money to that person. I went to withdraw my account balance, but was rejected. He said that the new member activity was not completed, and that I was threatened by customer service, and the police are currently handling it.

Rainbow 9125
2023-10-31
Exposure
Haven't been able to withdraw money

Please tell me when my complaint will be processed. Can I get my principal back?

T931
2023-10-23
Exposure

Romance scam. You need to pay taxes before you can withdraw money. Defraud investors.

seeee
2023-10-21
Exposure
It is suspected of being a trap. Participating in newbie activities cannot be canceled and funds cannot be withdrawn.

I am participating in its newcomer activities. However, because I could not complete the deposit, I told customer service that I wanted to cancel the event quota. But the customer service always insisted on completing the deposit. But the terms within the event are unfair. During the event, my account will be frozen, and I will not be able to withdraw money freely until I have completed the deposit amount and obtained the rebate and successfully obtained 3 times the rebate. I think this is fraud and a romance scam. I have been negotiating with customer service but have not been able to cancel the event quota. Moreover, the platform freezes the funds in my account and there is no other solution.

阿二
2023-10-20
Exposure

Profit income tax must be paid before withdrawals are made, suspected of defrauding investors

seeee
2023-10-17

  

Gomax 2025 Review: Everything You Need to Know

  Gomax, a forex broker that has garnered significant attention, is positioned as an unregulated entity, raising concerns among traders regarding its legitimacy and safety. This review synthesizes various expert opinions and user experiences to provide a comprehensive overview of Gomax, highlighting its key features and potential pitfalls.

  Note: It is crucial to recognize that Gomax operates under different entities across regions, which can influence regulatory compliance and user experiences. The approach taken in this review aims for fairness and accuracy, drawing from diverse sources.

  

Rating Overview

Category Rating (out of 10)
Account Conditions 3
Tools and Resources 4
Customer Service and Support 2
Trading Setup (Experience) 3
Trustworthiness 1
User Experience 2

  How We Rate Brokers: Our ratings are based on a comprehensive analysis of user reviews, expert opinions, and factual data regarding the broker's offerings.

  

Broker Overview

  Founded in 2015, Gomax presents itself as a forex brokerage based in the United Kingdom. However, it has come under scrutiny for lacking proper regulatory oversight. The broker claims to provide a range of trading platforms, including proprietary systems, yet does not support widely recognized platforms like MetaTrader 4 or 5. Gomax offers various asset classes for trading, including forex, CFDs, and futures, but the absence of a legitimate regulatory body raises significant concerns about the safety of client funds.

  

Detailed Breakdown

  

Regulatory Status

  Gomax operates without valid regulatory oversight. Although it claims to be registered with the Financial Crimes Enforcement Network (FinCEN), this agency does not regulate forex trading. Instead, it focuses on preventing financial crimes. As a result, Gomax has been labeled as a scam by multiple sources, including BrokersView and WikiFX, which emphasize the risks associated with trading through unregulated brokers.

  

Deposit/Withdrawal Currencies and Cryptocurrencies

  The broker's website does not provide clear information regarding the accepted currencies for deposits and withdrawals. This lack of transparency is a red flag for potential investors. It is essential to ensure that any broker you consider provides clear information about these aspects to avoid complications when accessing funds.

  

Minimum Deposit

  Details regarding the minimum deposit requirement are not explicitly stated in the available reviews. This ambiguity can lead to confusion for potential clients who are looking to start trading with a clear understanding of the financial commitment involved.

  

Bonuses/Promotions

  There is no mention of any promotional offers or bonuses associated with Gomax. This absence may suggest a lack of competitive incentives typically found with other brokers, which could deter potential traders looking for added value.

  

Tradable Asset Classes

  Gomax claims to offer a variety of asset classes, including forex, CFDs, and futures. However, the specifics regarding the number of available instruments remain unclear, which can limit traders' ability to diversify their portfolios effectively.

  

Costs (Spreads, Fees, Commissions)

  The broker advertises competitive spreads starting from 0.0 pips. However, the lack of clarity regarding additional fees or commissions associated with trades raises concerns about the overall cost of trading with Gomax. Traders should always be aware of the total cost structure to avoid unexpected expenses.

  

Leverage

  Gomax offers leverage of up to 1:100, which can amplify both potential profits and risks. While leverage can be a useful tool for experienced traders, it also increases the likelihood of significant losses, particularly for those who may not fully understand the implications of trading on margin.

  

Allowed Trading Platforms

  Gomax does not support industry-standard platforms like MetaTrader 4 or 5. Instead, it offers proprietary platforms that may not provide the same level of functionality or user experience that traders expect from established systems. This limitation could hinder traders' ability to execute strategies effectively.

  

Restricted Regions

  The reviews do not provide specific information about restricted regions for trading with Gomax. However, given its unregulated status, potential clients should exercise caution and verify whether trading from their jurisdiction is permissible.

  

Available Customer Service Languages

  Gomax's customer service options are limited, with no clear indication of the languages supported. This lack of accessibility can pose challenges for non-English speaking clients seeking assistance.

  

Rating Recap

Category Rating (out of 10)
Account Conditions 3
Tools and Resources 4
Customer Service and Support 2
Trading Setup (Experience) 3
Trustworthiness 1
User Experience 2

  

Detailed Analysis

  •   Account Conditions: The absence of clear information regarding the minimum deposit and withdrawal processes significantly impacts the attractiveness of Gomax. The lack of regulatory oversight further diminishes trust, as investors must be cautious about where they allocate their funds.

  •   Tools and Resources: While Gomax claims to offer a variety of trading instruments, the lack of established trading platforms like MT4 or MT5 may deter serious traders who rely on these tools for effective trading strategies.

  •   Customer Service and Support: The limited customer service options and lack of multilingual support make it challenging for clients to seek help, particularly in a fast-paced trading environment where timely assistance is crucial.

  •   Trading Setup: The proprietary trading platforms offered by Gomax may not meet the expectations of traders accustomed to more robust systems. This limitation could hinder effective trading experiences.

  •   Trustworthiness: The overwhelming consensus across multiple reviews is that Gomax is an unregulated broker, leading to significant trust issues. Investors are advised to proceed with extreme caution.

  •   User Experience: Overall user experiences reported in reviews indicate dissatisfaction, primarily stemming from the lack of regulatory backing and transparency regarding fees and trading conditions.

  •   In conclusion, Gomax presents numerous red flags that potential traders should be aware of. The lack of regulation, unclear costs, and limited customer support options suggest that this broker may not be a safe choice for those looking to engage in forex trading. As always, it is vital for traders to conduct thorough research and consider fully regulated alternatives.

Gomax review