GoDoFX Journal

Journal status: live
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GoDoFX Profile
Year
2020
Country
Mauritius
Branches
5
Regulation
FSC Mauritius
Registration
FSC Mauritius
Investor protection
Fund protection
no
Publicly traded
no
Restricted in
Not serving
х , Afghanistan, Cuba, Iran, Ivory Coast, Libya, Myanmar, North Korea, Puerto Rico, Russia, Sudan, Syria, US
Broker type
MM, STP
Dealing book
A+B hybrid book, A-book
Tier
3
Execution speed
...
LPs total
4
LPs quality
MTFs, Other
LPs names
Afrasia, Integral, Jefferies, SBI

GoDoFX Accounts
STP
Minimum Deposit
100 $
Leverage
100 : 1
Minimum Lot
0.01 lots
EURUSD spread
1.2 pips
Commission
0 $/lotRT
Volume
100 lots
Margin Call
100 %
Stop Out
50 %
Execution
Market
Spread
floating
Scalping
Unlimited
Deposit & Fees
Deposit methods
Bank Wire, Credit Card, Debit Card, Skrill, Neteller, STICPAY, Perfect Money, SolidPayments
Base currency
USD
Segregated accounts
yes
Interest on margin
no
Inactivity fee
after ... months
Update broker

Is GoDoFX safe?

  • Investor protection: no
  • Regulation: FSC Mauritius
  • Registration: FSC Mauritius
  • Publicly traded: no
  • Segregated account: yes
  • Guaranteed Stop Loss: no
  • Negative Balance Protection: yes

Is GoDoFX trusted?

  • Information transparency: high ★★★★★
  • Customer service: not so helpful ★★
  • GoDoFX website: semi-detailed, updated ★★★
  • GoDoFX popularity (by visitor count): low visits ★★

How GoDoFX works



The GoDo use pure STP trading environment
No restriction on trading - Scalping allowed



Godo deals as principal acting as the counterparty to most of its clients’ trades, which places a huge trust on the Firm to offer the best execution to its clients. Godo executes clients’ orders at the best price offered by our credited Liquidity Providers.

Godo provides two types of execution venues. Primarily, Godo operates as a principle which means that the Company is the counterparty of client transactions. In rare circumstances, the Company also operates as an agent whereby client transactions are received and transmitted to other reputable liquidity providers.

Godo receives raw price data for all trading instruments from its Liquidity Providers (“LPs”) and Data Providers such as regulated markets, multilateral trading facilities (MTFs), executing brokers, etc.

Godo general practice is not to aggregate any client orders with other client orders or any transactions for its account.

Godo offers all retail clients negative balance protection. This means that clients will never lose more than their invested capital.



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