General Information
GOFX Is A Forex And CFD Broker Founded In 2018.
GOFX Offers A Variety Of Trading Accounts With Different Spreads And Commissions, As Well As A Variety Of Deposit And Withdrawal Methods.
GOFX Has A Minimum Deposit Of $100 And A Maximum Leverage Of 1:200. It Offers Spreads Starting From 0.2 Pips And Supports Trading On Metatrader 4. GOFX Offers A Variety Of Tradable Assets, Including Forex, Commodities, And Indices.
GOFX Offers A Variety Of Account Types, Including Standard Account, Low Spread Account, Professional Account, And International Account. GOFX Provides 24/5 Customer Support Via Live Chat, Email, And Phone. It Also Offers A Variety Of Educational Resources, Including Webinars, E-books, And Trading Videos.
Are GFX Securities Legal Or A Scam?
GOFX Is Not Regulated By Any Regulatory Body, Which May Raise Concerns About Transparency And Regulation Of Exchanges.
Unregulated Exchanges Lack The Oversight And Legal Protections Provided By Regulators. This Can Lead To A Higher Risk Of Fraud, Market Manipulation, And Security Bugs. Without Proper Regulation, Users May Also Face Challenges When Seeking Recourse Or Resolving Disputes. In Addition, The Lack Of Regulation May Result In A Less Transparent Trading Environment, Making It Difficult For Users To Evaluate The Legitimacy And Reliability Of Exchanges.
Pros And Cons
Pros
1. Competitive Leverage Options
2.24/7 Customer Support
3. User-friendly Trading Platform
4. Support For Multiple Payment Methods
5. Multiple Account Types To Choose From
Disadvantages
1. Lack Of Regulatory Information
2. Limited Educational Resources
3. Limited Market Analysis And Insights
4. Deposit And Withdrawal Fees
5. Some Countries Or Regions Do Not Support
Market Tools
GOFX Offers A Diverse Range Of Trading Products, Including:
Forex:
GOFX Offers A Wide Range Of Forex Products To Engage Traders In The Forex Market. This Includes Major Currency Pairs Such As EUR/USD, GBP/USD, And USD/JPY, As Well As Minor And Exotic Currency Pairs. Traders Can Trade Currencies With Competitive Spread And Leverage Options.
Precious Metals Contracts For Difference:
Traders Looking To Diversify Their Portfolios With Precious Metals Can Go Through GOFX. They Offer Precious Metals Contracts For Difference (CFDs) That Allow Traders To Speculate On The Price Movement Of Metals Such As Gold, Silver, Platinum And Palladium. This Provides The Opportunity To Trade Without Actually Owning These Valuable Commodities.
CFD Indices And Others: GOFX Offers Contracts For Difference (CFD) Products For A Variety Of Indices, Providing Access To Global Financial Marekts. These CFDs Are Based On Popular Indices Such As Standard & Poor 500, Dow Jones, FTSE 100 And Others. In Addition, They May Also Offer CFDs On Other Financial Instruments, Thus Providing A Diverse Range Of Trading Options.
CFDs On Stocks:
For Traders Interested In Stocks, GOFX Offers CFDs On Stocks, Enabling Them To Speculate On Price Movements Of Individual Stocks. This Provides Access To A Variety Of Global Companies Without The Need To Purchase Actual Stocks. CFDs On Stocks Can Include Well-known Companies In Various Industries.
CFDs On Energy: GOFX Offers CFDs On Energy Commodities, Enabling Traders To Participate In The Energy Market. This Category Typically Includes CFDs On Crude Oil (Brent And West Texas Intermediate) And Natural Gas. Traders Can Benefit From Price Fluctuations In The Energy Sector Without Actually Dealing With These Commodities.
Cryptocurrencies:
Cryptocurrency Trading Has Become Very Popular, And GOFX Offers Traders The Opportunity To Trade Various Cryptocurrencies. This Can Include Major Cryptocurrencies Such As Bitcoin (btc), Ethereum (eth), Ripple (xrp) And Other Counterfeit Products. Traders Can Take Advantage Of The Volatility Of These Digital Assets To Speculate On Their Price Movements.
Account Types
GO-MINI: GO-MINI Accounts Are Designed For New Traders Looking For Low-risk, High-profit Opportunities. It Requires A Minimum Deposit Of $1 And Offers Leverage Of Up To 1:500. Stop Losses Are Available And Traders Can Start With A Minimum Trade Size Of 0.01 Lots.
GO-STANDARD: The GO-STANDARD Account Is A Versatile Standard Trading Account Suitable For A Variety Of Trading Conditions. It Also Requires A Minimum Deposit Of $1 And Offers Higher Leverage Of Up To 1:3,000. Position Squaring Can Be Forced And A Minimum Trade Lot Size Of 0.01 Lots Is Available.
GO-LOW SPREAD: This Account Is Tailored For Traders Who Prefer Low-cost Trading And Is Especially Suitable For Short-term Speculation. Its Minimum Deposit Requirements Are The Same, Both At $1 And Leverage Of Up To 1:999. Position Squaring Can Be Forced With A Minimum Trading Lot Size Of 0.01 Lots.
GO-PRO: GO-PRO Is A Trading Account Designed For Professional Traders Who Need The Fastest Pricing With ECN (Electronic Communication Network) Technology. It Has A Minimum Deposit Of $1, But A Lower Leverage Of Up To 1:100. Position Squaring Can Be Forced With A Minimum Trading Lot Size Of 0.1 Lots.
GO-INTER: GO-INTER Account Is For Traders Who Are Interested In International Investments (especially Foreign Stock Trading). Like Other Accounts, It Requires A Minimum Deposit Of $1 And Offers Leverage Of Up To 1:100. It Is Possible To Force Position Squaring, With A Minimum Transaction Size Of 1 Lot.
How To Open An Account?
Open An Account GOFX It Is A Simple Process, Here Is A Step-by-step Guide:
Step 1: Register
Visit The GOFX Website And Click The "Register" Or "Register" Button.
Fill In Your Personal Information Accurately, Including Your Name, Email Address And Contact Details.
Step 2: Verify
Upload The Required Identification Documents For Verification. This Usually Includes Government-issued Identification And Proof Of Address.
Step 3: Select Account Type
Select The Trading Account Type That Suits Your Needs. GOFX Offers A Variety Of Account Types With Different Features And Minimum Deposit Requirements.
Step 4: Deposit Funds
Fund Your GOFX Account Using One Of The Available Payment Methods. These Include Bank Transfers, Credit/debit Cards And Popular E-wallets.
Step 5: Start Trading
Once Your Account Is Funded And Verified, You Can Log Into The Trading Platform And Start Trading At Financialmarekt.
Leverage
GOFX Offers Competitive Leverage Options To Increase Your Trading Opportunities. The Maximum Leverage Available Depends On The Type Of Account You Choose And The Assets You Trade. The Range Is From 1:100 To 1:3000, Allowing You To Amplify Potential Profits While Considering Risk Management Strategies.
Spreads And Commissions
GOFX Offers A Wide Range Of Trading Accounts With Different Spreads And Commissions.
Spreads GOFX's Standard And Low Spreads Accounts Are Relatively Competitive, Especially For Traders With Smaller Trading Volumes. Professional Accounts Offer The Narrowest Spreads, But Also Charge Commissions Per Lot. Inter Accounts Are Designed For Institutional Traders And Offer Spreads And Commissions Negotiated On A Case-by-case Basis.
Trading Platform
The Trading Platform Provided By GOFX Is Metatrader 4 (mt4) And Is Widely Regarded As The Leading Platform For Financial Marekt Worldwide. Mt4 Is Known For Its Versatility, Due To Its Unique And Powerful Features, Not Only For Forex Trading, But Also For Various Other Financial Marekt.
Key Features Of MetaTrader 4 (MT4):
Global Leading Platform: MT4 Is A Globally Renowned Platform That Is Trusted By Traders Around The World. Its Extensive Use In Various Financial Marekts Proves Its Reliability And Effectiveness.
Versatility: MT4 Is Not Limited To Forex Trading; It Also Meets The Needs Of Other Financial Instruments. This Versatility Allows Traders To Access A Wide Range Of Assets, Thus Increasing Their Trading Opportunities.
Standard Platform: MT4 Is Considered The Standard Platform For Online Trading. It Has Become A Benchmark For Traders And Brokers, Known For Its Stability And User-friendly Interface.
Advantages Of MetaTrader 4 (MT4):
No Requotes Or Order Distortions: One Of The Significant Advantages Of Using MT4 Is That It Allows Traders To Execute Orders Without Worrying About Requotes Or Order Distortions. This Ensures That Orders Are Executed As Expected, Resulting In A Smooth Trading Experience.
Deposit And Withdrawal
GOFX Offers A Variety Of Deposit And Withdrawal Methods, Including:
Credit/Debit Card
Bank Transfer
Deposit And Withdrawal Fees
GOFX Does Not Charge Any Deposit Fees, But Certain Withdrawal Methods May Incur Fees. For Example, There Is A 3% Fee For Withdrawals To PayPal.
Minimum Deposit And Withdrawal Amount
Minimum Deposit And Withdrawal Amount Varies Depending On The Deposit And Withdrawal Method. For Example, The Minimum Deposit Amount For A Credit/debit Card Is $100, While The Minimum Withdrawal Amount Is $50.
Other Charges
GOFX Charges A Small Monthly Inactivity Fee Of $5 For Accounts That Have Been Inactive For More Than Six Months.
Multiple Leverage Values: MT4 Offers Traders The Flexibility To Choose From Multiple Leverage Values. This Feature Is Essential For Risk Management, Allowing Traders To Adjust Leverage Based On Their Risk Tolerance And Trading Strategy.
Customer Support
Here Are Some Aspects Of GOFX Customer Support That Are Typically Associated With The Following:
Multiple Channels Of Contact: GOFX May Offer Multiple Channels For Contacting Customer Support, Such As Email, Live Chat, Phone Support, And Possibly Even Social Media Channels. This Ensures That Traders Can Seek Help In Multiple Ways.
Available 24/5: Many Brokers, Including GOFX, Typically Offer Customer Support During The Trading Week, Usually 24 Hours A Day From Monday To Friday. This Ensures That Traders Can Seek Help Even In Different Time Zones.
Multilingual Support: Adapting To A Global Clientele, GOFX Can Provide Multilingual Customer Support, Ensuring That Traders Can Communicate Effectively In Their Preferred Language.
