Company Profile
Company Profile
Review summary
| GOFX Review Summary | |
| Founded | 1998-11-11 |
| Registered Country/Region | Seychelles |
| Regulation | Offshore regulated |
| Market Instruments | Forex/Precious metals/Index/Stocks/Energy |
| Demo Account | ❌ |
| Leverage | Up to 1:3000 |
| Spread | From 0.2 pips |
| Trading Platform | MT4/MT5(Windows/MAC/IOS/Android) |
| Min Deposit | $1 |
| Customer Support | Phone: +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.
Pros and Cons
| Pros | Cons |
| Various tradable instruments | Offshore regulated |
| 24/7 customer support | High max leverage |
| MT4/MT5 available | Some negative comments |
| Spread from 0.2 pips | Demo 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.
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 | ❌ |
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-Mini | Go-Standard | Go-Low Spread | Go-Pro | Go-Inter |
| Minimum deposit | $1 | $1 | $1 | $1 | $1 |
| Leverage | Up to 1:500 | Up to 1:3000 | Up to 1:500 | Up to 1:100 | Up to 1:100 |
| Stop Out | ✔ | ✔ | ✔ | ✔ | ✔ |
| Spread | From 1 pip | From 1 pip | From 0.6 pips | From 0.2 pips | Depend on the market |
| Order Quantity | 0.01-100 Lot | 0.01-50 Lot | 0.01-50 Lot | 0.01-50 Lot | Start 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 Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Windows/IOS/Android | Junior traders |
| MT5 | ✔ | Windows/MAC/IOS/Android | Experienced traders |
Promotions/Bonus
Minimum deposit is $5. 30% bonus points on deposit amount, up to $100 for standard accounts only.
晴漾
Taiwan
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! ! !
Exposure
FX4206525456
Algeria
Scammers beware. I couldn't withdraw my money and whenever I spoke to support, they always waste my time and make me wait.
Exposure
alkana
Indonesia
I make a withdrawal on 07-10-2024 and I haven't received it until now
Exposure
FX2193719201
Thailand
The graph freezes for about 7-8 hours, experiencing symptoms every day.
Neutral
FX2000015930
India
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.
Exposure
FX1689221982
Indonesia
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.
Exposure
Jacob Wilson Duke
Australia
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.
Positive
Mr. Dong25218
Malaysia
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.
Positive
LaLa123
Netherlands
My experience with GOFX has been quite an interesting journey. One of the main positives are the low spreads, starting from 0.2 pips, and a range of tradable assets that includes Forex, commodities, and indices. The available account types have been diverse, catering to different traders.
Neutral