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GODO

Mauritius|2-5 years|
Retail Forex License|Medium potential risk|Offshore Regulated|

https://www.godocm.com/

Website

Rating Index

MT4/5 Identification

MT4/5

Full License

GoDo-Demo

United States
MT4
5

Influence

C

Influence index NO.1

United Arab Emirates 4.35

MT4/5 Identification

MT4/5 Identification

Full License

5
Server Name
GoDo-Demo MT4
Server Location United States

Influence

Influence

C

Influence index NO.1

United Arab Emirates 4.35

Surpassed 54.79% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+230 468 6270
cs@godocm.com
https://www.godocm.com/
3rd Floor, Standard Chartered Tower, Cybercity, Ebene, 72201, Mauritius

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+230 468 6270

Other ways of contact

Broker Information

More

Company Name

GoDo Limited

Abbreviation

GODO

Platform registered country and region

Mauritius

Company website
Twitter
Facebook
Instagram
YouTube
Linkedin

Pyramid scheme complaint

Expose

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WikiFX Risk Alerts
Previous Detection : 2024-10-13
  • The Mauritius FSC regulation with license number: GB20025812 is an offshore regulation. Please be aware of the risk!

WikiFX Verification

GODO · WikiFX Survey

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GODO · Company Summary

GoDo CM Basic Information
Registered in Mauritius
Founded in 2-5 years ago
Regulation FSC ( in Mauritius) Offshore, SCA ( overstepping the authorization)
Minimum Deposit $10
Tradable Instruments Forex, Metals, Indices, Oil, Stock, Futures
Minimum Spreads From 0.6 pips (Pro account)
Maximum Leverage 1000:1
Commissions Zero-commissions
Trading Platform GoDo Trader, MT4, MT5
Account Types Cent, Standard, Islamic, Yield, Professional
Demo Account Available
Copy Trading No
Deposit & Withdrawal bank transfers, credit/debit cards like Skrill and MasterCard, Neteller, etc.
Customer Support Phone, Email, Whatsapp, Social Media Platforms, A support ticket
Bonuses Offered No

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:

General Information & Regulation

Regulation

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

regulation

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.

regulation

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.

Market Instruments

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.

Account Types

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.

account-types

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.

Trading Platform Available

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.

Deposit & 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.

Education and Research

Education

GoDo CM provides multi-tiered educational resources for traders of all levels: beginner “For Newbies” materials, intermediate “For Traders” strategies, advanced “For Pros” topics like risk management, interactive “Walk-Through” platform tutorials, and personalized “Coaching” services for one-on-one guidance.

Research

GoDo CM's research resources include a comprehensive set of tools and videos to give traders more insightful instructions.

Markets Overview: This research section shows the current market conditions, trends, and key events affecting various markets. And these invaluable insights are provided through videos.

Research

Market Update: This section covers regularly updated reports and analysis of the latest market developments, news, and data.

Market Update
Market Update:

Blog: GoDo CM's Blogs provide a platform for traders to learn valuable insights, analysis, and educational content related to trading, investing, and financial markets. This blog section covers topics such as market trends, trading strategies, risk management techniques, and investment advice.

Blog

Calculators: to give better forex trading calculation, GoDo CM' offers various calculators concerning Currency, Margin, Pip Value, Profit & Loss, Swaps and Position Size.

Calculators

Economic Calendar: A calendar highlighting important economic events, releases, and announcements that could potentially impact the markets.

Webinars: Educational or informational webinars hosted by GoDo CM, featuring experts discussing market trends, trading strategies, or other relevant topics.

Webinars

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 X(formerly Twitter), Facebook, Instagram, Telegram, YouTube and LinkedIn. Headquarter: 3rd Floor, Standard Chartered Tower, Cybercity, Ebene, 72201, Mauritius.

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.

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.

News

GoDo Capital Markets participated in the Trading Show Morocco 2024

NewsGoDo Capital Markets participated in the Trading Show Morocco 2024

2024-06-27 16:54

The Trading Show Morocco 2024 is scheduled for July 11-12 in the vibrant city of Casablanca. This event promises to be a pivotal gathering for industry leaders, investors, and stakeholders.

WikiFX
2024-06-27 16:54
News
GoDo Capital Markets participated in the Trading Show Morocco 2024
GODOFX Announces Rebranding to GODO Capital Markets (GODO CM) with The Launch of a New Website

NewsGODOFX Announces Rebranding to GODO Capital Markets (GODO CM) with The Launch of a New Website

2024-03-07 15:52

GODOFX, a leading player in the financial industry, is excited to unveil its transformative rebranding as GODO Capital Markets (GODO CM).

WikiFX
2024-03-07 15:52
News
GODOFX Announces Rebranding to GODO Capital Markets (GODO CM) with The Launch of a New Website

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