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GOFX
Regulators: SVG FSA
Could you double-check whether GoFX is actually regulated?
Dear Investor,
We have re-examined the regulatory status of GOFX and found that it only claims to be registered in Saint Vincent and authorized by the Financial Services Authority (FSA) of Saint Vincent and the Grenadines. We have verified this registration, however, it is important to note that this is merely an International Business Company (IBC) registration and does not constitute a valid regulatory license. The SVG FSA has formally stated that it does not regulate forex trading activities.
Additionally, although GOFX has an office in Cyprus, we were unable to find the company listed in the registry of the Cyprus Securities and Exchange Commission(CySEC). This indicates that the company is operating in this jurisdiction without proper authorization, which poses significant risks.
Based on these findings, we strongly advise against investing with such brokers, as there is a substantial risk of fraud.
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FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.
The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.


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