Go Futures forex broker provides various trading information, with an average trading speed of 0ms, a trading cost of null, an average slippage of , a liquidation rate of %, a spread cost of 0.00, etc
Rating Index
Business
License
NFA Suspicious Clone 
Go Futures Broker Trade
Go Futures Trade: A Comprehensive Review of the Broker
In the dynamic world of forex trading, choosing the right broker is paramount for success. Go Futures, a notable player in the futures and commodities market, has established itself as a discount online broker, offering a wide array of trading services. This article aims to provide a detailed analysis of Go Futures, focusing on its trading conditions, platform offerings, and overall market position. We will answer the following core questions:
- What are the trading conditions and fees associated with Go Futures？
- Which trading platforms and products does Go Futures offer？
- What are the advantages and disadvantages of using Go Futures for forex trading？
- Competitive Trading Conditions: Go Futures offers attractive trading conditions, including low minimum deposits and competitive spreads, making it suitable for both novice and experienced traders.
- Diverse Product Offerings: The broker provides access to a wide range of currency pairs and futures contracts, allowing traders to diversify their portfolios.
- User-Friendly Platform: The trading platform is designed for ease of use, making it accessible for traders of all experience levels.
- Regulatory Concerns: While Go Futures is registered with the NFA and CFTC, there are concerns regarding its regulatory status, particularly with claims of clone licenses.
- Limited Customer Support: Some users have reported delays in customer service response times, which could be a drawback for traders needing immediate assistance.
Broker Overview and Trading Conditions
| Established | Regulatory Authority | Headquarters | Minimum Deposit | Leverage | Average Spread |
|---|---|---|---|---|---|
| 2001 | NFA, CFTC | United States | $500 | 1:100 | 1 pip |
Go Futures was established in 2001 and is regulated by the National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC). Headquartered in the United States, the broker offers competitive trading conditions, including a minimum deposit requirement of $500 and a leverage ratio of up to 1:100. The average spread is approximately 1 pip, which is competitive compared to industry standards.
The trading conditions at Go Futures are designed to cater to both retail and institutional traders. With a relatively low minimum deposit, it is accessible for new traders, while the leverage offered allows experienced traders to amplify their positions. However, potential clients should be aware of the inherent risks associated with high leverage, which can lead to significant losses as well as gains.
Trading Platforms and Product Analysis
Go Futures provides access to a variety of trading platforms, including its proprietary platform, which is designed for ease of use and efficient trading. The platform supports multiple devices, allowing traders to access their accounts via web, desktop, or mobile applications.
Available Currency Pairs
| Currency Pair Category | Number of Pairs | Minimum Spread | Trading Hours | Commission Structure |
|---|---|---|---|---|
| Major Currency Pairs | 10 | 1 pip | 24/5 | $2 per round turn |
| Minor Currency Pairs | 8 | 2 pips | 24/5 | $2 per round turn |
| Exotic Currency Pairs | 5 | 3 pips | 24/5 | $2 per round turn |
Go Futures offers a selection of major, minor, and exotic currency pairs, catering to various trading strategies. The execution speed is generally efficient, allowing for timely order placement. However, traders should be aware of potential slippage during periods of high volatility, which can affect overall trading performance. The commission structure is transparent, with a flat fee of $2 per round turn, making it straightforward for traders to calculate their costs.
Advantages and Disadvantages, and Security Assessment
Advantages:
Disadvantages:
In terms of security, Go Futures employs robust measures to protect client funds, including segregated accounts and encryption protocols. However, traders should always conduct their own due diligence regarding the safety of their investments.
Customer Satisfaction and Ratings
Go Futures has received mixed reviews from clients, with some praising its competitive fees and user-friendly platform, while others express concerns about customer service and regulatory status. It is essential for potential clients to weigh these factors before deciding to open an account.
Practical Strategies and Summary Recommendations
For traders using Go Futures, a basic trading strategy could involve utilizing technical analysis to identify entry and exit points. For instance, traders might consider using moving averages to determine trends and set stop-loss orders to manage risk effectively.
In summary, Go Futures presents a viable option for traders seeking a discount broker with competitive trading conditions. However, potential clients should carefully assess their risk tolerance and consider the regulatory landscape before committing funds. This broker is best suited for traders who are comfortable with online trading and seek a straightforward platform for futures and forex trading.
FAQ Section
1. Is Go Futures a regulated broker？
Yes, Go Futures is regulated by the NFA and CFTC, but there are concerns regarding the legitimacy of its licenses.
2. What is the minimum deposit required to open an account with Go Futures？
The minimum deposit required is $500.
3. What trading platforms does Go Futures offer？
Go Futures offers its proprietary trading platform, which is accessible via web, desktop, and mobile devices.
Risk Warning
Trading forex and futures involves significant risk and may not be suitable for all investors. It is essential to understand the risks involved and only trade with capital that you can afford to lose.