The Official Website Of Goat4x: Https://goat4x.com/is Currently Not Accessible Normally.
Goat4x Information
The Domain Name Of Goat4x Was Registered In June 2020. The Broker Is Said To Be Located In Kosovo And Offers Trading Services For Forex, Commodities, Stocks And Indices. The Minimum Deposit Is 50 Dollars And The Leverage Is Up To 1:500. Trading Can Be Executed On The Advanced MT4/5 Platform.
The Broker's Website Is Currently Inaccessible, Which Is Quite Ridiculous For Any Broker Wishing To Keep Their Clients. To Make Matters Worse, The Lack Of Effective Regulation Further Exacerbates The Problem Of Its Credibility And Reliability.
Regulatory Status
Regulation Is A Key Factor In Assessing The Legitimacy And Reliability Of A Brokerage, And In The Case Of Goat4x, The Broker Does Not Have Any Effective Regulatory Oversight. The Lack Of A Regulatory Framework Has Raised Significant Concerns About Whether The Broker Adheres To Industry Standards, Financial Transparency And Protects The Interests Of Its Clients.
Disadvantages Of Goat4x
Unaccessible Website: Goat4x's Website Is Currently Unavailable, Indicating That It May Cease Operations.
Regulatory Issues: The Broker Is Not Effectively Regulated By Any Financial Institution Group, Which Means It May Not Comply With Industry Standards. This Increases The Risk Of Trading With It.
Limited Customer Support Channels: Goat4x Can Only Be Contacted By Email, Which Will Undoubtedly Delay Customer Responses And Reduce The Efficiency Of Communication.
Limited Transparency Of Trading Conditions: Goat4x Does Not Disclose Information Such As Account Details And Commissions, Which Are Important Indicators For Customers To Know The Transaction Costs In Advance.
WikiFX Exposure: A User Reported Withdrawal Difficulties With This Broker, Indicating That The Broker Is Not Performing Well In Terms Of Withdrawals And Operations.
Long List Of Restricted Countries: This Broker Does Not Provide Services To Dozens Of Countries, Limiting Its Global Reach And Investor Activities.
What Can Be Traded On Goat4x?
Goat4x Mainly Offers The Following Four Categories Of Asset Trading:
Foreign Exchange (forex Trading) Refers To The Trading Between Various Currencies In The Global Market. Traders Speculate On The Movement Of Value Between Different Currency Pairs.
Commodities Are Raw Materials Or Primary Agricultural Products That Can Be Bought And Sold, Such As Gold, Oil Or Wheat, And Are Usually Traded On Specialized Exchanges.
An Index Represents A Statistical Indicator Of The Performance Of A Group Of Assets (usually Stocks) Within A Particular Market Or Industry And Is Used To Track Overall Market Trends.
Shares Are The Unit Of Ownership Of A Company, Allowing Investors To Participate In Its Profits And Voting Rights, And Are Usually Traded On Bourse.
Account Types/Fees
Goat4x Does Not Disclose Any Account Details, All We Know Is That Limited Resources Show That The Broker Requires A Minimum Deposit Of $50 And Offers 1.7 Spreads On Major Currency Pairs EUR/USD. But There Is Not Even A Single Sentence To Be Found Regarding The Details Of Spreads And Commissions.
Leverage
Goat4x Offers Leverage Up To 500x, Which Means You Can Control A Position Of 100x Your Initial Capital.
However, You Should Always Use This Tool With Great Caution, As Leverage Not Only Amplifies Profits, But Also Losses.
Trading Platform
Surprisingly, Goat4x Allows Traders To Execute Trades On The World-renowned MetaTrader 4 And MetaTrader 5 Platforms, Which Are Widely Used Worldwide Due To Their Advanced Features And Functionalities Such As Charting Tools, Analytical Resources, Market Updates, Etc. This Is The Only Bright Spot For This Broker So Far.
Deposits And Withdrawals
Goat4x Only Accepts Cryptocurrency Payments, Including Bitcoin, Ether, And USDT, Which Is A Typical Practice For Fraudulent Brokers Because Cryptocurrency Payments Are Anonymous And Cannot Be Refunded.
Fees
Goat4x Charges A $10 Monthly Inactivity Fee For Dormant Accounts That Have Been Inactive For 6 Months.
Customer Support
Email: Support@goat4x.com
Restricted Areas
Bahamas, Botswana, Congo, Cuba, Ethiopia, Ghana, Iraq, Iran, Japan, Cambodia, North Korea, Lebanon, Sri Lanka, Libya, Myanmar, Malta, Panama, Pakistan, Sudan, Somalia, Syria, Tunisia, Trinidad And Tobago, Vietnam, Yemen, Zimbabwe
