GoFX Trade is a CFD broker with a domain registered on December 4, 2023. This broker primarily offers investment services in markets such as forex, cryptocurrencies, indices, stocks, energy, and commodities. It does not provide services to countries and regions where doing so may violate local laws or regulations.
Company Registration Information and Regulatory Status
According to public information from its official website (www.gofxtrading.co.uk), GoFX Trade was established in 2016 and is regulated by the Australian Securities and Investments Commission (ASIC). However, the broker has not disclosed specific company registration details or comprehensive regulatory information.
Upon verification, the Australian Securities and Investments Commission (ASIC) does not list "GoFX Trade" as a regulated entity.
Therefore, GoFX Trade (www.gofxtrading.co.uk) is essentially a fraudulent broker website with neither a legitimate company entity nor any regulatory oversight.
Account Opening Process
When attempting to open an account on GoFX Trade's official website, clicking on "Open Account" or "SIGN UP" fails to redirect to a proper account registration page, indicating that the page does not exist.
Trading Instruments:
GoFX Trade offers its clients a variety of trading products, including forex, indices, commodities, stocks, and cryptocurrencies.
- Forex: Forex trading involves the exchange of different currencies and is known for its high liquidity, allowing traders to profit from exchange rate fluctuations.
- Indices: Index trading allows speculation on the performance of entire markets or specific sectors without trading individual stocks. By exploring popular indices, traders can find diverse trading opportunities and use high leverage for potential gains.
- Commodities: Commodity trading covers key resources of global markets, allowing traders to buy and sell various raw materials, including metals, energy, and agricultural products.
- Stocks: Stock trading enables investors to profit from the price fluctuations and dividends of publicly listed companies without actually holding the stocks.
- Cryptocurrencies: Cryptocurrency trading offers digital currency enthusiasts the opportunity to profit from highly volatile assets.
Investment Plans
GoFX Trade offers four different types of investment plans: STARTER ACCOUNT, CLASSIC ACCOUNT, PLATINUM, and FOREX SIGNALS.
STARTER ACCOUNT:
- Minimum Deposit: £500
- Minimum Expected Profit: £3,500
- Maximum Expected Profit: £5,000
- Trader Education*
- Risk Management
- Tax-Free Spread Trading Profit
CLASSIC ACCOUNT:
- Minimum Deposit: £5,000
- Minimum Expected Profit: £45,000
- Maximum Expected Profit: £50,000
- Expert News and Analysis
- Competitive Spreads
- Advanced Trading Tools
- Tax-Free Spread Trading Profit
PLATINUM:
- Minimum Deposit: £10,000
- Minimum Expected Profit: £99,999
- Full Benefits Package
- Trader Education*
- Advanced Risk Management
- Tax-Free Spread Trading Profit
FOREX SIGNALS:
- Professional Forex Signals
- Up to 10 Signals Daily
- 95% Success Rate
- 24/7 Support
- Advanced Trading Tools
- Bitcoin Payment Only
- Use with Any Broker
Trading Platform
GoFX Trade offers a proprietary trading platform, claiming average order execution speeds of less than 7.12 milliseconds, with extensive liquidity providers and more than 12,000 orders executed per second.
Deposits and Withdrawals
GoFX Trade only supports deposits and withdrawals through cryptocurrency.
Conclusion:
Traderknows reminds investors that GoFX Trade is a scam broker that lures investors with promises of high returns. This site has neither a physical company nor any regulation. It is recommended that investors choose brokers with transparent information, strong regulation, and a good reputation to avoid unnecessary financial losses.
Currently, this broker is marked as a "Scam" on Traderknows.
