GOFX

Established in 2009 and registered in Indonesia, GOFX is an unregulated financial brokerage offering trading access to various market instruments: Forex, Gold, Crude Oil, Palm Oil, and Tin. Moreover, it provides a demo account with diverse trading platforms: MT5, Cerebro ECN Matching Engine and EPACT-CD.

Pros and Cons

Is GOFX Legit?

At present, GOFX lacks valid regulation. Its domain was registered on Aug 20, 2009, and the current status is “client Transfer Prohibited, server Transfer Prohibited”. Please pay high attention to the safety of your funds if you choose this broker.

What Can I Trade on GOFX?

On GOFX, you can trade with Gold, Crude Oil, Forex, Palm Oil, and Tin.

Leverage

The leverage ratio on GOFX is 1:66, and margins range from 1 - 2% of the contract value. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spreads and Commissions

Spreads on the platform are kept between 0 - 40 pips, and customers can influence spread size. Additionally, the GOFX Micro contract offers competitive overnight (swap) fees.

Trading Platform