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GOFX

Moderate riskForex / CFD broker
🇻🇨 Saint Vincent and the Grenadines · 5-10 years · since 2021-01-25 · GOFX LIMITED
FSA
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2.2/5
★★★★★ ★★★★★
18 reviews ›
1
Licenses ›
4
Withdrawal issues ›
$1
Min. deposit ›
1 : 500
Max leverage ›
5
Account types ›
45/100
Scam risk ›
0
Clone sites ›
Accounts: GO-LOW SPREAD · $ 1GO-INTER · $ 1GO-PRO · $ 1GO-STANDARD · $ 1GO-MINI · $ 1
▲ 22% positive▼ 56% negative
Independent ratingshow third parties score this broker
WikiFX4.52/10
Trustpilot2.2/5
Forex Peace Army—/5
🛡️ Been scammed or can’t withdraw from GOFX? Our free assistant writes up your case and shows exactly what to do next →
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GOFX operates in your country (United States) — but holds no local license. You’d likely be onboarded under an offshore entity, which means weaker fund protection. Confirm which entity before depositing.
45
Moderate risk
Scam Risk Scoremonitored · 2026-07-28
Lower riskHigher risk
  • Registered in Saint Vincent and the Grenadines (offshore, light oversight)
  • 5 user exposure/complaint reports filed
  • Withdrawal complaints in ~44% of recent reviews
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing5535%
Company age2215%
Clone / impersonation012%
Withdrawal & exposure complaints8412%
Offshore registration808%
Transparency (site/info/social)010%
Real-user sentiment708%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal nameGOFX LIMITED
Headquarters🇻🇨 Saint Vincent and the Grenadines
Founded2021-01-25
Years operating5-10 years
Employees0
Official websitegofx.com
Trading conditions
Avg execution speed510.8 ms B
Avg slippage0.1 A
Swap ratingB
Trading cost ratingAA
Monitored traders145
Monitored orders2,717
Funding & instruments
Deposit methods · --
Withdrawal methods · --
Instruments--
Registered address
Kavalas 24, Flat 301, 2044 Strovolos, Nicosia, Cyprus

Regulation & licenses · 1

RegulatorLicense typeLicense No.RegionStatus
FSADerivatives Trading License (EP)SD118SeychellesOffshore Regulation

Account types · 5

AccountMax leverageMin. depositMin. spreadCommissionEA
GO-LOW SPREAD 1 : 500$ 1----✓
GO-INTER1：100$ 1----✓
GO-PRO1：100$ 1----✓
GO-STANDARD1：3000$ 1----✓
GO-MINI1：500$ 1----✓

Review analysis AI

GOFX offers high leverage and low entry barriers, but its offshore regulation and user complaints about withdrawals pose significant risks. The imbalance between aggressive marketing and weak oversight makes it suitable only for speculative traders who fully understand the associated dangers. Caution is essential.

Best for
  • Traders seeking high leverage up to 1:3000
  • Traders with low capital (minimum deposit $1)
  • Experienced traders comfortable with offshore regulation
Not for
  • Risk-averse traders
  • Traders prioritizing regulatory protection
  • Traders requiring fast and reliable withdrawals
Period:
What users complain about
What users praise
Where reviewers are from
Indonesia2
Taiwan1
Algeria1
Thailand1
India1
Australia1

Real user reviews

Where GOFX operates

Active across 6 markets (by market presence). Licensing rarely covers all of them — where it isn’t locally licensed, you’re onboarded under an offshore entity with weaker protection.

🇹🇭 Thailand
🇮🇩 Indonesia 2 complaints
🇺🇸 United States
🇮🇳 India 1 complaint
🇩🇪 Germany
🇲🇾 Malaysia
🇸🇨 Seychelles Licensed
🇩🇿 Algeria 1 complaint
🇹🇼 Taiwan 1 complaint

Market presence: WikiFX SkyEye · complaints: our records · licensing: official registers. Where you’re accepted is set by the broker’s own terms — always confirm before depositing.

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What GOFX says about itself as stated by the broker · not independently verified by FXCanary

Account Types

According to the broker's website, GOFX offers five distinct account types: GO-LOW SPREAD, GO-INTER, GO-PRO, GO-STANDARD, and GO-MINI. All accounts require a minimum deposit of just $1, making them highly accessible. Leverage varies by account, with GO-STANDARD offering up to 1:3000, GO-LOW SPREAD and GO-MINI up to 1:500, and GO-INTER and GO-PRO capped at 1:100.

Trading Instruments

The broker claims to provide CFD trading on a wide range of asset classes. The official site lists forex, precious metals, indices, stocks, energy, and cryptocurrencies as available instruments. Each asset class has a dedicated product page on the website.

Spread and Leverage

GOFX advertises a minimum spread from 0.2 pips, which is competitive within the retail forex industry. The maximum leverage of 1:3000 on the GO-STANDARD account is exceptionally high, targeting traders who seek significant exposure with minimal capital.

Partnership Program

The broker promotes a partnership program that allows users to register as partners and earn commissions. The partnership page provides a registration form, indicating an active affiliate scheme.

Social Media Presence

According to the company description, GOFX maintains official accounts on Facebook, Instagram, and YouTube. These channels are used for marketing and client communication.

About GOFX

Company Overview

GOFX is the trading name of TouchStone Markets Limited, a Securities Dealer registered in Saint Vincent and the Grenadines. The company was established on 25 January 2021 and is a subsidiary of the GOFX Group. Its registered office is located at Kavalas 24, Flat 301, 2044 Strovolos, Nicosia, Cyprus.

The broker positions itself as a multi-asset CFD provider, offering trading in forex, precious metals, indices, stocks, energy, and cryptocurrencies. With a minimum deposit of $1 and leverage up to 1:3000, GOFX targets retail traders looking for high exposure on small capital.

Regulation and Licensing

GOFX holds a Derivatives Trading License (EP) from the Financial Services Authority (FSA) of Seychelles, classified as an offshore regulation. This licence provides a lower standard of investor protection compared to major financial regulators such as the FCA or CySEC.

Offshore regulation means that traders have limited recourse in case of disputes, and the broker is not required to adhere to strict segregation of client funds or participation in compensation schemes. The registered address in Cyprus, while not a regulatory hub, may be used for administrative purposes.

Account Types

The broker offers five account tiers: GO-LOW SPREAD, GO-INTER, GO-PRO, GO-STANDARD, and GO-MINI. All accounts require a minimal deposit of $1, which is among the lowest in the industry. The GO-STANDARD account features the highest leverage of 1:3000, while GO-LOW SPREAD and GO-MINI offer up to 1:500. GO-INTER and GO-PRO are limited to 1:100.

These account options are designed to cater to different trading styles, from low-spread scalping to high-leverage speculation. However, detailed information on spreads, commissions, and platform availability is not fully disclosed on the website.

Trading Instruments and Platforms

GOFX provides CFD trading across a broad range of asset classes. The website lists specific product pages for forex, precious metals, indices, stocks, energy, and cryptocurrency CFDs. This variety allows traders to diversify their portfolios within a single account.

The broker does not explicitly state the trading platforms it supports on the website, but industry databases often associate it with MetaTrader 4 or 5. Further inquiry or a live account opening may reveal the actual platform used.

Deposits, Withdrawals, and Customer Experience

The broker advertises low minimum deposits, but independent user reviews have raised concerns about withdrawal difficulties. Complaints include delays and resistance in processing withdrawals, which is a common red flag for offshore brokers.

Customer support options are not prominently featured, though the website includes a help section covering subscription and platform usage. The broker maintains a social media presence on Facebook, Instagram, and YouTube, which may be used for support and updates.

Overview compiled by FXCanary from regulatory records and public data. full GOFX review