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GOFX -

Score

4.69 /10
Average

GOFX

Seychelles

2-5 years

Regulated in Seychelles

Retail Forex License

MT5 Full License

Regional Brokers

High potential risk

Offshore Regulated

https://www.gofx.com/en

Influence

C

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Comparison

Quantity 8

Exposure

Open Account
Website

Score

Regulatory Index3.92

Business Index6.70

Risk Management Index0.00

Software Index9.79

License Index3.92

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

More

Company Name

GOFX Limited

Company Abbreviation

GOFX

Platform registered country and region

Seychelles

Company website

Facebook

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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WikiFX Risk Alerts 2
Previous Detection : 2025-02-07
  • The number of the complaints received by WikiFX have reached 6 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • The Seychelles FSA regulation with license number: SD118 is an offshore regulation. Please be aware of the risk!

WikiFX Verification

Exposure

8 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

Unable to withdraw

No transparency. Can't trade or withdraw funds

2021-01-04 12:22
Resolved

SCAM

I make a withdrawal on 07-10-2024 and I haven't received it until now

2024-07-17 05:51
Scam

Algeria

Scammers beware. I couldn't withdraw my money and whenever I spoke to support, they always waste my time and make me wait.

2024-07-12 15:34
Scam

Scam Broker, Time, money and effort wasted.

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.

2024-07-20 05:18
Others

I should have profited but I didn't

According to the first photo, I should have profited.

2020-11-12 12:06
Scam

Really really

Extremely cheating, manipulating the price, playing up and down, playing down and up.

2023-09-22 16:55
Resolved

can't wd

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.

2024-07-16 14:48
Unable to Withdraw

Fraud platform, can not withdraw money

IG has known him for three years. The contact was cut off for a year. In the end, the contact has warmed up from friend to love recently. There are a lot of care and greetings every day. He said that more income will be better for him in the future. You can try. But Don't overdo it. I also said that you need to know the importance of money... I said that I have been cheated before. I don't want to touch investment... I started to make a small investment and made a profit. Later, I was very opposed to and angry when I was encouraged to sign up for an event and deposit.. . A friend said, to be brave within the tolerance range? Be bold? Take that step. You are so worried and afraid. I will help you if you have unnecessary doubts. Because of this matter, there are loans and mistakes. I am also impatient... He finally helped me with a part of the money. It took a month for the activity to be completed. It was hard to withdraw money. After asking customer service, a bunch of people refused to withdraw money under my name... We had to pay a third-party intervention fund deposit. Finally got together and paid a lot of deposits. There is also foreign exchange tax. I really can't pay it. The customer service also said that 2% will be deducted every day, and the liquidated damages will be paid out. Then it will be reset to zero and permanently frozen! ! !

2023-07-10 20:03
    GOFX · Company summary
    GOFX Review Summary
    Founded1998-11-11
    Registered Country/RegionSeychelles
    RegulationOffshore regulated
    Market InstrumentsForex/Precious metals/Index/Stocks/Energy
    Demo Account❌
    LeverageUp to 1:3000
    SpreadFrom 0.2 pips
    Trading PlatformMT4/MT5(Windows/MAC/IOS/Android)
    Min Deposit$1
    Customer SupportPhone: +971 562382909

    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.

    GOFX Information

    Pros and Cons

    Pros Cons
    Various tradable instrumentsOffshore regulated
    24/7 customer supportHigh max leverage
    MT4/MT5 availableSome negative comments
    Spread from 0.2 pipsDemo 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.

    Is GOFX Legit?
    Is GOFX Legit?

    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❌
    What Can I Trade on GOFX?

    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-MiniGo-StandardGo-Low SpreadGo-ProGo-Inter
    Minimum deposit$1$1$1$1$1
    LeverageUp to 1:500Up to 1:3000Up to 1:500Up to 1:100Up to 1:100
    Stop Out✔✔✔✔✔
    SpreadFrom 1 pipFrom 1 pipFrom 0.6 pipsFrom 0.2 pipsDepend on the market
    Order Quantity0.01-100 Lot0.01-50 Lot0.01-50 Lot0.01-50 LotStart 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 PlatformSupported Available Devices Suitable for
    MT4✔Windows/IOS/AndroidJunior traders
    MT5✔Windows/MAC/IOS/AndroidExperienced traders
    Trading Platform
    Trading Platform

    Promotions/Bonus

    Minimum deposit is $5. 30% bonus points on deposit amount, up to $100 for standard accounts only.

    Promotions/Bonus

    User Reviews

    More

    User comment

    5

    Comments

    Write a review

    FX2000015930
    6-12months
    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.
    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.
    Translate to English
    +3
    2024-07-20 05:18
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    Jacob Wilson Duke
    more than one year
    Initially, ZIVEST's high leverage, up to 3000x and low minimum deposit, made me suspicious. However, after using their platform for 6 months, I am sure this one is a good broker.
    Initially, ZIVEST's high leverage, up to 3000x and low minimum deposit, made me suspicious. However, after using their platform for 6 months, I am sure this one is a good broker.
    Translate to English
    2024-06-28 13:55
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    8