General Information
GoDo CM, The Trading Name Of GoDo Limited, Purportedly A Forex And CFD Broker Registered In Mauritius, Claims To Offer Clients A Wide Range Of Tradable Financial Instruments, Flexible Leverage Up To 1:500, Variable Spreads Starting From 0 Pips On The MT4 Web Trader, MT4 For Windows, IMac, IPhone And Android And Zulu Trade Trading Platforms, As Well As Eight Different Account Types And 24/6 Customer Support Services.
Regulated
GoDo CM Is A Regulated Broker In Mauritius That Is Regulated Offshore By The Financial Services Commission (FSC) Under License Number GB20025812. In Addition, It Holds A General Business Registration License Authorized By The Securities And Commodities Authority Of The United Arab Emirates. However, This License Appears To Go Beyond The Mandate In Terms Of Its Forex-related Trading Services.
Market Tools
GoDo CM Advertises That It Offers A Wide Range Of Financial Marekt Trading Tools, Including CFD Trading On Forex, Crude Oil, Metals, Indices, US Stocks, European Stocks And Global Stocks.
Account Types
In Addition To Demo Accounts, GoDo CM Claims To Offer Eight Account Types, Namely Standard Account, Professional Account, Islamic Account, Sub-Account, Institutional Account, Investment Account, Algorithmic Account And Copy Trading Account. The Minimum Initial Deposit Amount Is $10 For Cents Account, $100 For Standard Account, Islamic Account And Algorithmic Account, $1,000 For Copy Trading Account, $5,000 For Investment Account, $10,000 For Professional Account And $25,000 For Institutional Account.
Leverage Ratio
Traders Holding Different Account Types Can Enjoy Different Maximum Leverage Ratios. Clients Of Cents Accounts Can Enjoy A Maximum Leverage Ratio Of 1:500. Standard Accounts, Professional Accounts, Islamic Accounts, And Copy Trading Accounts Can Receive A Leverage Ratio Of 1:100. Institutional Accounts And Investment Account Holders Can Experience Leverage Ratios Of 1:50 And 1:10 Respectively. Keep In Mind That The Greater The Leverage Ratio, The Greater The Risk Of Losing Your Deposited Capital. The Use Of Leverage May Work In Your Favor Or Against You.
Account Types
GoDo CM Offers Five Real Trading Account Types To Meet Different Customer Needs. Standard Accounts Have A Minimum Deposit Amount Of $100 And Spreads Starting From 1.2 Pips. Forex, Metals, Crude Oil, Indices, And Stocks Can Be Traded. Islamic Accounts Have Similar Specifications, But With Slightly Higher Spreads, Starting From 1.7 Pips. For Professional Traders, The Professional Account Requires A Minimum Deposit Amount Of $10,000, With Spreads Starting From 0.6 Pips. The Cents Account Is Suitable For Those Traders Seeking A Lower Capital Requirement, With A Minimum Deposit Amount Of $10 And A Focus On Forex Trading. Finally, The Yield Account Has A Minimum Deposit Amount Of $3,000, With Spreads Starting From 1.2 Pips, Offering Trading Opportunities In Forex, Metals, Crude Oil, Indices And Stocks. The Cents Account Offers Maximum Leverage Up To 1000:1, While The Other Four Account Types Offer Modest Leverage Up To 1:100. The Stop Loss Level Is 50% And The Lot Size Ranges From 0.01 To 100.
Available Trading Platforms
The Trading Platforms Offered By GoDo CM Include The Popular MT4 And MT5, Which Are Available On Windows, IMac, IPhone And Android Devices, As Well As Its Own Trading Platform, GoDo Trader. In Any Case, We Recommend That You Use MT4 Or MT5 As A Trading Platform. Forex Traders Praise MetaTrader For Its Stability And Reliability As The Most Popular Forex Trading Platform. The Platform Offers Sophisticated Trading Tools Such As Expert Advisors, Algorithmic Trading, Complex Indicators And Strategy Testing. There Are Currently Over 10,000 Trading Applications Available To Traders On The MetaTrader Market To Improve Their Performance. By Using Appropriate Mobile End Points, Including IOS And Android Devices, You Can Trade Through MT4 And MT5 Anytime, Anywhere.
Deposits And Withdrawals
From The Logo Displayed At The Bottom Of The Homepage Of The Official GoDoCM Website, We Find That The Broker Appears To Accept Multiple Deposit And Withdrawal Options, Including Bank Transfers, Credit/debit Cards (such As Skrill And MasterCard), Neteller, Etc. It Is Said That The Minimum Initial Deposit Requirement Is Only $10, And The Minimum Withdrawal Amount Is $100. The Broker Also Charges A Withdrawal Fee, And A Standard Fee Of $25 Will Be Deducted For Each Withdrawal, Which Applies To Banks And Credit/debit Cards.
Fees
GoDoCM Claims That Inactive Accounts Will Be Charged 10% Of The Account Balance Each Month, With A Minimum Charge Amount Of $25 Or The Currency Equivalent Of The Trading Account And A Maximum Charge Amount Of $49.90 Until The Account Balance Reaches Zero. These Fees Are Used To Cover Maintenance/management Fees For Such Inactive Accounts.
EDUCATION
GoDo CM Offers Multi-level Educational Resources For Traders Of All Levels: "Getting Started" Materials For Beginners, Intermediate "Trader" Strategies, Advanced "Pro" Topics Such As Risk Management, Interactive "How-To Guide" Platform Tutorials, And A Personalized "Coaching" Service Providing One-on-one Instruction.
Customer SupportGoDo CM Customer Support Can Be Contacted By Phone: + 971 45 844 544, Email: Cs@godofx.com Or Live Chat. You Can Also Follow The Broker On Social Networks Such As X (formerly Twitter), Facebook, Instagram, Telegram, YouTube And LinkedIn. Headquarters: 3rd Floor, Cybercity Standard Bank Building, Eben, Mauritius, 72201.
