GoFX Review 2025

Pros

• Multi-asset trading
• Traders can utilize extremely high leverage up to 1:3000.
• 24/7 customer service
• The MetaTrader 4 platform and its mobile app are tools used by traders.
• Bonus and loyalty rewards for traders.

Cons

• No extra trading tools or features.
• No copy trading
• Weak regulatory oversight
• No specialized trading platform or mobile app.

GoFX, based in St. Vincent and the Grenadines, is a Thai forex and CFD broker. It appeals to new investors with its low minimum deposit, high leverage, and various promotions. Let’s explore GoFX’s platforms, mobile app, forex rates, demo accounts, and more.

Company Details

GoFX, founded in 2020, is owned by GOFX Limited, located in St. Vincent and the Grenadines. The broker is licensed by the Seychelles FSA, ensuring regulatory oversight. Traders can explore forex, stocks, indices, cryptocurrencies, and commodities. They offer various live accounts and welcome bonuses. Plus, a swap-free option is available for Muslim traders.

Trading Platform

GoFX excels with the renowned MetaTrader 4 platform. It’s a free download for desktops or accessible via web and mobile apps.

MetaTrader 4 is an acclaimed platform offering top-notch tools. Traders get:

• Nine timeframes
• One-click trading
• Three order execution types
• 30 built-in technical indicators
• Customizable charts
• Four pending order types
• Trailing stops
• Expert Advisors for automated strategies

How To Place A Trade On MT4

1. Register and log in to your GoFX dashboard
2. Access the MT4 terminal on the web or download it for desktop
3. Search for the asset you want using the menu or search bar
4. Click ‘new order’ (page icon with green +). An order screen will appear
5. Enter details: volume, order type, stop loss, and take profit
6. Select ‘buy’ or ‘sell’
7. Confirm your trade

Assets & Markets

GoFX provides a wide range of trading opportunities:

• Trade over 25 major global stocks, like Disney, Google, and Walmart
• Engage with 20+ top stock indices such as FTSE100, AUS200, and S&P500
• Invest in key assets like Gold, Brent Oil, and Cocoa among others
• Speculate on 28 major and minor currency pairs, including EUR/USD and GBP/AUD
• Trade 6 cryptocurrency USD crosses like Bitcoin, Dogecoin, and Ethereum

Asset access might differ depending on your account type.

Spreads & Commissions

GoFX offers a variety of account options with different spreads. The Go Mini and Go Standard accounts have spreads starting at 1 pip. If you’re looking for lower spreads, consider the Go Low account, starting from 0.6 pips, or the Go Pro account, starting from 0.2 pips. The Go Inter profile, meanwhile, provides raw, market spreads.

For traders choosing the Go Pro account, there’s a commission fee of $3.50 per lot traded. Other accounts have no extra charges beyond spread costs. Keep in mind that swap fees apply for positions held overnight.

Leverage Review

GoFX stands out in trading by offering high leverage up to 1:3000 for Go Mini and Go Standard accounts, and 1:999 for Go Low. For Go Pro and Go Inter, leverage is 1:100. The leverage levels adjust with trading values:

• 1:3000 – Below $999
• 1:2000 – $1000 to $1999
• 1:999 – $2000 to $9999
• 1:500 – $10,000 to $19,999
• 1:400 – $20,000 to $49,999
• 1:200 – $50,000 to $199,999
• 1:100 – Above $200,000

The broker is flexible with limited regulatory restrictions, making it attractive to traders seeking opportunities for margin trading.

GoFX Mobile App

GoFX does not offer a proprietary mobile app, but their service is accessible via the MetaTrader 4 (MT4) platform. MT4 works well on both iOS and Android devices. It allows traders to manage accounts, customize charts, and open or close positions easily. Traders can also add technical indicators and graphical objects.

Payment Methods

Deposits

GoFX provides fee-free deposit methods: bank wire transfers, credit/debit cards, e-wallets, and cryptocurrencies.

Credit/debit cards, e-wallets, and cryptos enable instant funds. Bank wire transfers may take up to five days.

Some methods require deposit confirmation slips. This includes FundPay for Thai customers, allowing transfers from Thai banks to GoFX accounts. Traders can link a bank account using the account number and swift code.

How To Deposit Funds & Upload Payment Verification

1. Log in to the client dashboard.
2. Select the menu on the right navigation bar.
3. Choose ‘Deposit’ under ‘Transactions.’
4. Click on ‘Bank Wire Transfer.’
5. Provide your bank details and deposit amount.
6. Confirm the transaction.
7. Upload payment verification slip, which is also possible via ‘Transaction History.’

Withdrawals

Bitcoin is the sole internationally available withdrawal method. Alternatively, use a local bank transfer.

The broker processes withdrawal requests within two business days.

GoFX Demo Account

GoFX offers a free MT4 demo account for traders. Practice trading forex and CFDs with $100,000 in virtual funds and up to 1:3000 leverage. To begin, create a GoFX profile. Select ‘demo account’ from the right-hand menu. Choose your investment value, leverage, and account nickname.

Bonuses & Promotions

GoFX offers intriguing options for traders.

Loyalty Bonus Program

GoFX provides a loyalty program that awards points for trading. As points accumulate, traders unlock rewards like electronics or cars. There are four levels:

Go Trader

• 1 to 279.99 lots traded
• 1 lot = 10 GO points

Advance Trader

• 280 to 9779.99 lots traded
• 1 lot = 12 GO points

Expert Trader

• 4780 to 40,999.99 lots traded
• 1 lot = 15 GO points

Master Trader

• 41,000+ lots traded
• 1 lot = 20 GO points

Open An Account For $50

Traders can start a ‘promotion account’ with a $50 no deposit bonus. To claim this bonus, five standard lots must be traded within 30 days.

Regulation & Licensing

GoFX, registered in Saint Vincent and the Grenadines as TouchStone Markets Limited, operates as a Securities Dealer in the Seychelles under FSA regulation. However, it’s listed as Gold Touch on the financial watchdog’s site. Exercise caution when trading and sharing sensitive financial details. You might lack negative balance protection, compensation schemes, or segregated accounts.

Additional Features

GoFX mainly provides basic tools and lacks a learning academy for beginners. However, the help center has useful articles on starting with the MT4 terminal, searching for assets, and counting lots. For an enhanced trading experience, consider using third-party plug-ins for the MetaTrader terminal.

Account Types

GoFX provides five account types: Go Mini, Go Standard, Go Low Spread, Go Pro, and Go Inter. Each account requires a minimum $1 deposit, allowing up to 1000 open positions. All accounts offer halal, swap-free trading conditions. However, hedging is not allowed.

GO-MINI

• Spreads from 1 pip
• Leverage up to 1:3000
• Minimum trade size 0.01 lots
• Maximum trade size 100 lots

GO-STANDARD

• Spreads from 1 pip
• Leverage up to 1:3000
• Minimum trade size 0.01 lots
• Maximum trade size 50 lots

GO-LOW SPREAD

• Spreads from 0.6 pips
• Leverage up to 1:999
• Minimum trade size 0.01 lots
• Maximum trade size 50 lots

GO-PRO

• Spreads from 0.2 pips
• Leverage up to 1:100
• Minimum trade size 0.1 lots
• Maximum trade size 50 lots

GO-INTER

• Raw spreads
• Leverage up to 1:100
• Minimum trade size 1 lot
• Maximum trade size 50 lots

Opening an account is easy:

1. Select ‘Subscribe’ on the webpage
2. Fill out the online form with your email and phone number
3. Confirm your registration via email
4. Log in using your details
5. Choose ‘live account’ from the menu
6. Verify your profile
7. Deposit funds
8. Begin trading

Trading Hours

GoFX highlights trading hours for each instrument on their platform. Forex is open 24 hours, Monday to Friday. They also offer valuable insights for local investors about peak liquidity times, specifically between 7 PM and 12 AM Thailand time.

Customer Service

GoFX customer support is 24/7 with phone and live chat. A detailed help center offers step-by-step guides. Testing the chat, we faced slow replies and used the online form for help. Registered clients enjoy better support, including a personal account manager. Follow GoFX on Twitter and Facebook for updates, rewards, and trading hours changes.

GoFX Verdict

GoFX excels in offering Thai traders over 100 assets, welcome bonuses, and the renowned MT4 platform. Despite these positives, the high leverage and limited regulatory oversight could be risky for newcomers.

Alternatives To GoFX

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