GoMarketForex is a CFD brokerage website registered on April 30, 2024. It primarily offers financial derivative trading services such as Forex, metals, commodities, indices, stocks, and cryptocurrencies to both retail and institutional clients. This broker does not provide services in jurisdictions where doing so would violate local laws or regulations.
Company Registration Information and Regulatory Status:
Public information on the official website of GoMarketForex (www.gomarketforex.com) indicates that the broker operates under the trade name "GO Markets." It is an international investment service provider regulated by the Cyprus Securities and Exchange Commission (CySEC:312/16) and has established service institutions in Australia, New Zealand, the United States, China, and other locations, with business operations spanning globally. It maintains long-term cooperative relationships with financial investment institutions in over 11 countries.
Upon verification, the Cyprus Securities and Exchange Commission (CySEC) website shows that the company with license number 312/16 is Royal Financial Trading (Cy) Ltd, and its registered website is www.oneroyal.eu, not www.gomarketforex.com. Additionally, GoMarketForex’s trade name and logo are copied from the broker "GO Markets."
Therefore, GoMarketForex (www.gomarketforex.com) is actually a fraudulent broker website that has no corporate entity or regulatory oversight.
Account Opening Process:
To open an account with GoMarketForex, visit the broker's website and click "OPEN REAL ACCOUNT" on the homepage or top right of the webpage to access the account registration page. Fill in your name, phone number, email address, and set a login password as required. Then upload the front and back of your ID and submit the application form. Once the application is submitted, the account can be successfully registered.
Trading Account Information:
The GoMarketForex website does not disclose information such as spreads, trading leverage, account types, trading commissions, minimum/maximum trade volumes, maximum position/order sizes, margin call/stop out levels, minimum price increments, or contract sizes.
Trading Platform:
GoMarketForex provides users with the MT5 trading platform. MT5 is an excellent real-time trading platform with simple, flexible, stable, and detailed dynamic quotation analysis. It allows setting technical indicators and using the automated trading system (Expert Advisors).
Deposits and Withdrawals:
GoMarketForex does not clearly disclose its supported deposit and withdrawal methods, fees, or minimum deposit and withdrawal amounts on its website.
Summary:
Traderknows reminds investors that gomarketforex is a fraudulent broker website with unclear registration and regulatory information, imitating the broker "GO Markets". The only way to contact them is through email, making their contact method very limited. Traderknows advises investors to choose brokers with transparent information, strong regulation, and good reputation to avoid unnecessary financial losses.
Currently, this broker is marked as "Suspected Fraud" on Traderknows.
