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Score

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/10

GOFX

Indonesia Indonesia | 5-10 years |
Suspicious Regulatory License | Suspicious Scope of Business | High potential risk

http://gofx.co.id/

Website

Rating Index

Contact

(+62) 21 3002 7788
http://gofx.co.id/
Prajurit KKO Usman dan Harun No.16, RT.2/RW.1, Senen Jakarta, Indonesia 10410

license Forex License

No forex trading license found. Please be aware of the risks.

Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!
2

Basic Information

Registered Region
Indonesia
Operating Period
5-10 years
Company Name
GOFX
Contact Number
(+62) 21 3002 7788
Company Website
Address
Prajurit KKO Usman dan Harun No.16, RT.2/RW.1, Senen Jakarta, Indonesia 10410
Verified Site
About Us
Wiki Q&A
Comment

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Official Website

Verified Site

  • gofx.co.id
    117.54.142.118
    Server Location
    Indonesia Indonesia
    ICP Registration No.
    --
    Top Visitor Locations
    --
    Creation Date
    --
    Website Name
    --
    Company
    --

Company Profile

Company Profile

Review summary

GOFX Review Summary
Founded2009
Registered Country/RegionIndonesia
RegulationNo Regulation
Market InstrumentsGold, Crude Oil, Forex, Palm Oil, Tin
Demo Account
LeverageUp to 1:66
Spread0-40 pips
Trading PlatformsMT5, Cerebro ECN Matching Engine, EPACT-CD platform
Minimum Deposit/
Customer SupportPhone: +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.

GOFX's homepage

Pros and Cons

Pros Cons
Demo accounts availableNo regulation
Diverse trading productsLimited info on accounts
Multiple customer support channelsLimited info on trading fees
MT5 platform available

Is GOFX Legit?

No license

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.

Domain information

What Can I Trade on GOFX?

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
What Can I Trade on GOFX?

Leverage

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.

Leverage

Spreads and Commissions

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.

Spreads and Commissions

Trading Platform

Trading PlatformSupported Available Devices Suitable for
MT5Desktop, iOS, AndroidExperienced traders
Cerebro ECN Matching Engine//
EPACT-CD platformWeb/
MT4/Beginners
Trading Platform

Company Profile

  • 5-10 years
  • Suspicious Regulatory License
  • Suspicious Scope of Business
  • High potential risk

Wiki Q&A

Is it risky to trade with GOFX?

Engaging with GOFX involves a high level of risk, as the broker has received a remarkably low WikiFX Score of 1.54 and its business scope is designated as suspicious, operating without any recognized financial regulatory oversight to protect client funds or ensure fair business practices.

04-02
United States

What regulatory licenses does GOFX hold?

GOFX does not hold any valid financial regulatory licenses from recognized global oversight bodies. The broker operates without credible, independent supervision, which is a critical consideration for traders seeking a protected environment for their investments.

04-02
United States

When was GOFX established?

GOFX has been operating in the retail forex market for an estimated 5 to 10 years and is registered in Indonesia.

04-02
United States

How can I identify a scam or fraudulent forex broker?

A broker can be evaluated as a potential scam platform by considering multiple factors such as regulatory qualifications, user complaints, fund security, and platform data. In general, brokers without valid regulation, those that frequently have withdrawal problems, those with a large number of user complaints, or those providing false information usually carry higher risks. You can check the broker's regulatory status, overall rating, exposure records, and user reviews on the WikiFX platform, and make judgments based on multi-dimensional data to effectively identify and avoid scam platform risks.

04-02
United States

How is the WikiFX Score calculated?

WikiFX ratings are calculated based on a multi-dimensional data model, mainly including five dimensions: regulatory index, license index, business index, risk control index, and software index. The rating adopts a range system (0-10 points). The higher the score, the higher the broker's overall performance level. In addition, ratings are dynamically updated according to regulatory changes, complaint handling results, and historical data performance, making the rating more objective and timely. You can check the scores of each dimension and their trends on the WikiFX platform to evaluate the broker's actual situation more comprehensively.

04-02
United States

Can I recover my funds if I have been scammed by a broker?

Recovering funds after investment fraud can be difficult, but taking timely action may still help recover part of the losses. It is recommended to take the following actions immediately: keep trading records, chat records, and other evidence; contact the bank to try to stop or freeze the payment; report the case to local law enforcement agencies. In addition, investors can also use WikiFX complaint and exposure channels to increase the visibility of problematic platforms and improve the efficiency of rights protection.

04-02
United States

What is WikiFX, and how does it help investors?

WikiFX is a third-party platform that provides forex broker information inquiry and risk alerts. This type of platform mainly integrates brokers' regulatory information, user feedback, and historical records, and conducts comprehensive evaluation through a multi-dimensional model to help investors quickly understand the broker's basic situation and potential risks. By using such tools, investors can conduct preliminary screening before choosing a broker, thereby reducing decision-making risks caused by information asymmetry.

04-02
United States

What is a clone broker website?

A cloned broker website refers to a fraudulent website that imitates the information of a legitimate broker. Such websites usually copy the real company's brand name, page design, and even regulatory information to mislead investors into making deposits. Common features include: a domain name highly similar to the official website (such as slight spelling differences), abnormal or unverifiable contact information, and promises of unusually high returns. Once funds enter such platforms, they are usually difficult to recover. Investors can identify potential risks by checking the official domain name, verifying regulatory information, and using WikiFX for cross-verification.

04-02
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※ WikiFX compiles data from publicly available sources and user contributions. While we endeavor to maintain its accuracy, we do not warrant the information's completeness, accuracy, or timeliness, as it may become outdated. Investors are strongly advised to verify critical details with official sources before making any decisions.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qa@wikifx.com
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