GoDo CM

General Information

GoDo CM, a trading name of GoDo Limited, is allegedly a forex and CFD broker registered in Mauritius that claims to provide its clients with various tradable financial instruments with flexible leverage up to 1:500 and variable spreads from 0 pips on the MT4 Web Trader, MT4 for Windows, iMac, iPhone and Android, and Zulu Trade trading platforms, as well as a choice of eight different account types and 24/6 customer support service. Here is the home page of this brokers official site:

Regulation

GoDo CM is a regulated broker in Mauritius, operating under the Financial Services Commission (FSC) offshore, with license no. GB20025812.

Besides, it also holds a license of Common Business Registration authorized by the Securities and Commodities Authority in the United Arab Emirates. However, this license seems to be overstepping authorization in terms of its forex-related trading services.

Market Instruments

GoDo CM advertises that it offers access to a wide range of trading instruments in financial markets, including CFDs on forex, oil, metals, indices, US stocks, EU stocks and global stocks.

Account Types

Apart from demo accounts, GoDo CM claims to offer eight types of accounts, namely Standard, Professional, Islamic, Cents, Institutional, Investing, Algos and Copy Trading. The minimum initial deposit amount is $10 for the Cents account, $100 for the Standard, Islamic and Algos accounts, $1,000 for the Copy Trading account, $5,000 for the Investing account, $10,000 for the Professional account and $25,000 for the Institutional account.

Leverage

Traders holding different account types can enjoy different maximum leverage ratios. Clients on the Cents account can enjoy the maximum leverage of 1:500, the Standard, Professional, Islamic and Copy Trading accounts can have leverage of 1:100, while the Institutional and Investing account holders can experience leverage of 1:50 and 1:10 separately. 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.

Account Types

GoDo CM offers five real trading account types to meet varying client requirements. The Standard Account has a minimum deposit of $100, spreads starting from 1.2 pips, and provides access to forex, metals, oil, indices, and shares. The Islamic Account shares similar specifications but with slightly higher spreads from 1.7 pips. For professional traders, the Professional Account requires a $10,000 minimum deposit and offers tighter spreads from 0.6 pips. The Cents Account caters to those seeking lower capital requirements, with a $10 minimum deposit, focused solely on forex trading. Finally, the Yield Account, with a $3,000 minimum deposit and spreads from 1.2 pips, provides exposure to forex, metals, oil, indices, and shares. the Cent account offers the highest leverage ratio up to 1000:1, while other four accounts offer a moderate leverage up to 1:100. 50% stop-out level, and lot sizes ranging from 0.01 to 100.

Trading Platform Available

Platforms available for trading at GoDo CM are popular MT4 & MT5, available on Windows, iMac, iPhone and Android devices, as well as its own trading platform called GoDo Trader. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.

Deposit & Withdrawal

From the logos shown at the foot of the home page on GoDo CM's official website, we found that this broker seems to accept numerous means of deposit and withdrawal choices, consisting of bank transfers, credit/debit cards like Skrill and MasterCard, Neteller, etc. The minimum initial deposit requirement is said to be only $10, and the minimum withdrawal amount is $100. The broker also charges the withdrawal fee, a standard fee of $25 will be deducted for bank and credit/debit card per withdrawal.

Fees

GoDo CM claims that the inactive accounts will be charged with 10% of the account balance each month, with the minimum amount charged being $25 or trading account currency equivalent, and the maximum amount charged being $49.90 until the account balance is zero. These charges cover the maintenance/ admin expenses of such Inactive Accounts.

Customer Support

GoDo CM customer support can be reached by telephone: +971 45 844 544, email: cs@godofx.com or live chat. You can also follow this broker on social networks such as Twitter, Facebook, Instagram, Telegram, YouTube and LinkedIn. Headquarter: 3rd Floor, Standard Chartered Tower, Cybercity, Ebene, 72201, Mauritius.

Risk Warning

Online trading involves a significant level of risk and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

FAQs

Q: Is GoDo CM regulated？

A: Yes, GoDo CM is regulated by FSC in Mauritius.

Q: What leverage does GoDo CM offer？

A: The maximum leverage offered by GoDo CM is up to 500:1.

Q: What trading platforms does GoDo CM offer？

A: GoDo CM offers popular MT4, MT5, as well as its own proprietary trading platform called GoDo Trader.

Q: Is GoDo CM suitable for beginners？

A: GoDo CM is extremely suitable for beginners, for it offers demo accounts, as well as cent accounts which ask for low minimum deposit of $10 only.