GOFX

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.

Pros and Cons

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.

What Can I Trade on GOFX?

GOFX offers various market instruments, including CFD on forex, precious metals, indices, stocks, and energy.

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.

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.

Promotions/Bonus

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