Score
Indonesia
|
5-10 years
| http://gofx.co.id/
Website
Rating Index
LicensesNo valid regulatory information, please be aware of the risk!
Indonesia
gofx.co.id Indonesia| GOFX Review Summary | |
| Founded | 2009 |
| Registered Country/Region | Indonesia |
| Regulation | No Regulation |
| Market Instruments | Gold, Crude Oil, Forex, Palm Oil, Tin |
| Demo Account | ✅ |
| Leverage | Up to 1:66 |
| Spread | 0-40 pips |
| Trading Platforms | MT5, Cerebro ECN Matching Engine, EPACT-CD platform |
| Minimum Deposit | / |
| Customer Support | Phone: +62 21 4050 7788 |
| Address: Midpoint Place, 22nd Floor, K.H. Fachrudin Street No. 26, Tanah Abang, Central Jakarta | |
| Facebook, Instagram, LinkedIn, X | |
Established in 2009 and registered in Indonesia, GOFX is an unregulated financial brokerage offering trading access to various market instruments: Forex, Gold, Crude Oil, Palm Oil, and Tin. Moreover, it provides a demo account with diverse trading platforms: MT5, Cerebro ECN Matching Engine and EPACT-CD.
| Pros | Cons |
| Demo accounts available | No regulation |
| Diverse trading products | Limited info on accounts |
| Multiple customer support channels | Limited info on trading fees |
| MT5 platform available |
At present, GOFX lacks valid regulation. Its domain was registered on Aug 20, 2009, and the current status is “client Transfer Prohibited, server Transfer Prohibited”. Please pay high attention to the safety of your funds if you choose this broker.
On GOFX, you can trade with Gold, Crude Oil, Forex, Palm Oil, and Tin.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities (Gold, Crude Oil, Palm Oil, and Tin) | ✔ |
| Indices | ❌ |
| Stocks | ❌ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
The leverage ratio on GOFX is 1:66, and margins range from 1 - 2% of the contract value. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Spreads on the platform are kept between 0 - 40 pips, and customers can influence spread size. Additionally, the GOFX Micro contract offers competitive overnight (swap) fees.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | Desktop, iOS, Android | Experienced traders |
| Cerebro ECN Matching Engine | ✔ | / | / |
| EPACT-CD platform | ✔ | Web | / |
| MT4 | ❌ | / | Beginners |
GOFX's official website does not explicitly state whether it charges commissions.
GOFX offers three trading platforms, including MT5, Cerebro ECN Matching Engine, and EPACT-CD platform. The MT5 trading platform supports desktop, iOS, and Android devices, and the EPACT-CD platform supports web devices.
GOFX was registered in Indonesia in 2009. It offers demo accounts and a variety of trading instruments, like Gold, Crude Oil, Forex, Palm Oil, and Tin. It also supports the MT5 trading platform. But it is not regulated, and there is not much detail about the accounts and trading information.
No, GOFX is not regulated by any financial institution, and traders should pay attention to the safety of their funds and be cautious when trading.
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