Abstract：GODO, a Mauritius-based forex broker, is gaining attention from users worldwide for the various products and services it offers to them. According to the broker’s official website, it attributes the decision and success to making trading go beyond a service to becoming an exceptional experience for clients. So, if you are already its customer or are planning to become one, here is the comprehensive GODO review you must read. The review will take you through different account types, trading conditions and user reports.
GODO, a Mauritius-based forex broker, is gaining attention from users worldwide for the various products and services it offers to them. According to the brokers official website, it attributes the decision and success to making trading go beyond a service to becoming an exceptional experience for clients. So, if you are already its customer or are planning to become one, here is the comprehensive GODO review you must read. The review will take you through different account types, trading conditions and user reports.
GODOs Array of Trading Products
GODO offers an extensive portfolio of trading products, including forex, metals, oil, global indices, global stock CFDs, global stock investment, futures & cryptocurrencies.
Allowing you to trade in one of the most preferred currency pairs, GODO has become an attractive option for investors seeking to build a robust forex portfolio. These pairs include AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, EUR/AUD, etc. The contract size across each of these pairs remains 100000, with the minimum and maximum trade size being 0.01 and 100, respectively. The minimum spread advertised by the broker across these pairs is 0.4.
Indices available on GODO for trading include AUS200, ESP35, EUSTX50, FRA40, NAS100, GER30 and SPX500. Here also, the minimum and maximum trade size allowed is 0.01 and 100, respectively.
You can trade Brent and WTI crude oil, along with the UKOIl spot on GODO. Besides oil, traders can place bets on other commodities - copper, platinum, palladium, aluminium, zinc, XAGUSD, and XAUUSD. The currency allowed for trading these commodities is the USD, with the minimum trade size being 0.01.
Cryptos available for trading include Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, Cardano, Dogecoin, BAT, DASH and Solana.
Trading Account Types
Looking at the trading conditions, the spreads on Pro and Zero accounts are reasonable; however, the same remains quite high on other accounts. At the same time, commission is chargeable only on a Zero account. While the high leverage offering is impressive, traders are advised to use it cautiously in a volatile market scenario. In such a scenario, a slight movement against your position can wipe out your capital and trigger margin calls by GODO.
Trading Platforms on Offer
GODO offers a wide range of trading platforms - MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, GODO Trader, and Verified Fund Manager
User Reports for GODO Broker
Positive Reports
The review is complete only when we receive reports from the traders regarding the service quality. While surveying user reports, we found excellent GODO reviews, with users claiming instant withdrawals. Here are some positive reviews we found for the broker on withdrawals.
Besides withdrawals, users also appreciate the trading platforms for supporting various strategies that help clients gain on their investments. Check out those claims below.
A UK-based client even thanked the customer service and technical report received at GODO. Find out the traders words in this GODO review.
Negative Reports Concerning GODO
There are a couple of negative reports against the broker. In one of the reviews, the traders request for fund withdrawal was shown to be approved on the GODO login. However, the funds did not arrive even after five days of the request. Here are the two accusations for the broker.
These negative reports can be one-off cases, which can happen at any brokerage entity. Largely speaking, the reports have been positive.
GODO Review by WikiFX: Is It Regulated?
The WikiFX team found GODO to be regulated by the Financial Services Commission (FSC) in Mauritius, aligning with the details found on the brokers official website. Being a regulated entity gives traders a sense of confidence when building a strong investment portfolio. The score for the broker stands at a respectable 6.22 out of 10.
For more updates on forex brokers and their regulatory status, start using the new WikiFX app. Download it by scanning this QR code.
