In this GoFX Review, we are going to take a look at the offer that this broker prepared for its traders. GoFX is regulated by the FCA in the UK. GoFX operates on the financial market since 2018. When it comes to trading platforms, the broker features MetaTrader 4. The GoFX minimum deposit is 50 USD.
Between 74-89% of retail investor accounts lose money when trading CFDs You should consider whether you can afford to take the high risk of losing your money
Basic information from this GoFX Review
| Website address: | gofx.pro |
| Operated by: | GKFX Financial Services Limited |
| Licensed and authorised by regulatory bodies: | FCA |
| Supported languages: | English, German, Spanish, French, Italian and Portuguese |
| Customer support available via: | E-mail, live-chat |
| Contact details: | [email protected] N/A |
| Available deposit methods: | Wire transfer, Debit and credit cards, Skrill |
| Available withdrawal methods: | Wire transfer, Debit and credit cards, Skrill |
| Minimum deposit: | 50 USD |
| Min. trade in lots: | 0.01 |
| Spreads: | Typical spread on the currency pair EUR/USD - 1,2 pips * on standard account type |
| Tradable assets: Might be a CFD. | Forex (50) |
| Mobile app: |  |
| MetaTrader 4: | |
| Other trading platforms: | |
| Maximum leverage: The maximum available leverage can be limited by local financial regulators or by international regulations, in such case, the displayed maximum leverage may not match the leverage you can actually trade with. For instance, in the European Union, the financial regulator ESMA restricts the maximum available leverage to 1:30 when trading major currency pairs, 1:20 when trading minor pairs and commodities and 1:2 when trading cryptocurrencies. Similar restrictions apply in Australia and possibly in other jurisdictions. | 1:400 |
| Social trading: |  |
GoFX Fees (typical spreads)
We have scanned fees (typical spreads) that GoFX charges when trading popular currency pairs, here is their breakdown in pips.
| EUR/GBP | EUR/USD | USD/CHF | EUR/JPY | GBP/USD | USD/JPY |
|---|---|---|---|---|---|
| * | 1,2* | * | * | * | * |
*Typical spreads were recorded on 17.09.2020 at 10:13 for the standard account. GoFX spreads in the table above serve as illustrative examples only as they for instance, may change according to the market conditions.
Frequently Asked Questions
🧐 Is GoFX a Scam?
GoFX is a broker licensed and regulated by the FCA. While regulation gives to brokers much needed credibility, it still does not mean every regulated broker is honest. In order to be sure that GoFX is not a scam, read our trader reviews and check other popular trading related websites and forums.
🆓 What is the GoFX minimum deposit?
In order to start trading with GoFX, you have to deposit at least 50 USD (Trading accounts can also be held in USD, EUR, GBP).
📵 What deposit and withdrawal methods GoFX supports?
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs
You should consider whether you can afford to take the high risk of losing your money ¹ Variable spreads, spreads recorded for the EUR/USD on 29.09.2024 at 11:42 GMT.
