Score

1.45 /10
Danger

GFXO

United Kingdom

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Score

Regulatory Index0.00

Business Index6.51

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

No valid regulatory information, please be aware of the risk

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

Single Core

1G

40G

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Broker Information

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Company Name

Golden Forex Option

Company Abbreviation

GFXO

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-12-26
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

GFXO · Company summary

Since GFXOs official website (https://goldenfxopt.com/) cannot be opened for now, we could only piece together the rough picture of this brokerage house by gathering some relevant information from other webistes.

basic-info

General Information

Registered in the United Kingdom, GFXO presents itself as a forex broker providing easy access to a series of trading instruments. Due to the inaccessibility of GFXO‘s official website, we are unable to obtain more information about this broker’s business operation, including trading assets, spreads and commissions, leverage, trading platform, and more.

GFXO does not hold any regulatory license to show it operates legally. Please be aware of the risk involved, for trading with an unregulated forex broker is taking huge risk of losing your hard-earned money.

Account Types

GFXO says it offers three tiered trading accounts to accommodate different traders varying trading needs: Basic, Standard, and Premium. The minimum deposit for each account is quite high, with the Basic account from £499, the Standard account from £1,000, the Premium account from £3,000.

account-types

It seems that, CFXO, an unregulated forex broker is just want to defraud investors and extract all their available hard-earned money from their pockets.

Leverage

Leverage information cannot be found anywhere. Since leverage can amplify gains, it can also cause serious fund losses, especially to inexperienced traders. Therefore, it is wise for beginners to choose a smaller size no more than 1:10 until they gain more trading experience.

Trading Platform

What CFXO offers is not the industry-leading MT4 or MT5 trading platform, and this broker does not disclose what trading platform it provides. Please be aware of the risk.

Customer Support

If clients have some inquiries or problems about their accounts or their trading, they can reach out to CFXO through the following contact channels:

Telephone: +32460211823

Email: support@goldenfxopt.com

Registered Company Address: 9th Floor, 88 Wood St Barbican, London EC2V 7QR United Kingdom.

Risk Warning

There is a level of danger that comes with trading on the financial markets. As sophisticated instruments, foreign exchange, futures, CFDs, and other financial contracts are typically traded using margin, which significantly increases the inherent risks involved. Therefore, you should consider carefully whether or not this sort of investment activity is right for you.

The information presented in this article is intended solely for reference purposes.

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FX1450513582
more than one year
In my personal experience, stay away from GFXO. I mean, seriously, they've got the highest minimum deposit requirement I've ever seen. It's like they're trying to rip people off or something. If it weren't for my gut telling me something wasn't right, I would have fallen for their trap. Don't make the same mistake I almost did.
In my personal experience, stay away from GFXO. I mean, seriously, they've got the highest minimum deposit requirement I've ever seen. It's like they're trying to rip people off or something. If it weren't for my gut telling me something wasn't right, I would have fallen for their trap. Don't make the same mistake I almost did.
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2023-03-28 09:40
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fhan
more than one year
The company GFXO's website is down, but it looks like it's been around for over two years... Anyway, I hope no one got scammed out of his or her money!
The company GFXO's website is down, but it looks like it's been around for over two years... Anyway, I hope no one got scammed out of his or her money!
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2022-12-09 10:14
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