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GOFX -

Score

4.70 /10
Average

GOFX

Saint Vincent and the Grenadines

2-5 years

Regulated in Seychelles

Retail Forex License

MT5 Full License

High potential risk

Offshore Regulated

https://www.gofx.com/en/

Benchmark

AAA

Influence

C

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Comparison

Quantity 8

Exposure

Open Account
Website

Score

Regulatory Index3.92

Business Index6.78

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

Saint Vincent and the Grenadines

Company website

Facebook

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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WikiFX Risk Alerts 2
Previous Detection : 2025-04-30
  • 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

GOFX · Benchmark
Average transaction speed(ms)
160.4 Perfect
The highest transaction speed(ms)
24 Perfect
The highest speed of opening positions(ms)
24 Perfect
The highest speed of closing position(ms)
26 Perfect
The lowest speed of opening positions(ms)
1812
The lowest speed of closing position(ms)
1722
Ranking： 3 / 125
Test user 134
Transactions 32,129
Ocuppied margin $1,030,990 USD
Data Source WikiFX Data provide
Updated: 2025-04-29 01:04:00

Exposure

8 pieces of exposure in total
Pyramid scheme complaint
Expose
Resolved

SCAM

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

raka257
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.

FX4206525456
2024-07-12 15:34
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.

FX1689221982
2024-07-16 14:48
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.

FX2000015930
2024-07-20 05:18
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

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User comment

5

Comments

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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.
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2024-06-28 13:55
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Mr. Dong25218
more than one year
Very pleasant and willing support, thanks to the GOFX initiative I got my account in order. You can see that they care about their customers.
Very pleasant and willing support, thanks to the GOFX initiative I got my account in order. You can see that they care about their customers.
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2024-06-20 18:52
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8