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The WikiFX Score of this broker is reduced because of too many complaints!

Goccfx

United Kingdom|Within 1 year|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://goccfx.com/en/

Website

Rating Index

Contact

info@cohesionn-fi.com
https://goccfx.com/en/
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

No valid regulatory information, please be aware of the risk!

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

Single Core

1G

40G

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Broker Information

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Company Name

Goccfx

Company Abbreviation

Goccfx

Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 2
Previous Detection : 2024-02-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 8 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

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Pyramid scheme complaint
Expose
Severe Slippage

severe slippage

I was trading here and had accumulated my profits, all of a sudden the price fluctuated in away that I suspect the broker was responsible and from no where all my funds were lost, when I contacted the customer service personnel by names of Sara, she advised me to deposit $1000 more to enable me recover my losses til then I was removed from the group where I was trading, only to realize later that I had been scammed, please if there’s away I can even recover my deposited funds as even from pics below.

2024-01-17 06:20
Unable to withdraw

Blocking the user account and not being withraw

Hello I have an account on the broker https://m.goccfx.cc/#/user () Business account ID 17953005 I participated in the trades they were doing with Bernstein group and I lost a lot and the support of this group told me that SIPC organization will refund all my loss. 7 days ago, the usdt amount that I had lost in the transactions was credited to my account Broker support has blocked my account because I haven't used it for 30 days and does not allow transfer and transaction The broker support wants me to give him 5000 Tether to activate the withdrawal And he says this law is brokering I have read all the brokerage laws but this law does not exist And blocked my withdrawals from my account for no reason ) Please defend my rights against the broker And tell them to allow the transfer from my account Please check the matter and let me withdraw the amount your

2024-02-05 11:40

    Goccfx · Company Summary

    NOTE: Goccfxs official site - https://goccfx.com/en/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

    Goccfx Review Summary
    Founded 2023
    Registered Country/Region United Kingdom
    Regulation No Regulation
    Market Instruments Forex, Indices, Commodities, Stocks, and Cryptocurrencies
    Demo Account Available
    Leverage Up to 1:500
    Spreads From 0.7 pips
    Regional Restrictions Not Available in North Korea, Israel, China, Vanuatu, and Cuba.
    Trading Platforms WebTrader
    Customer Support Email: info@cohesionn-fi.com

    What is Goccfx?

    Goccfx is a broker established in 2023, registered in the United Kingdom. It offers trading opportunities in Forex, Indices, Commodities, Stocks, and Cryptocurrencies on the WebTrader and provides a Demo Account for users to practice trading. However, Goccfx operates without valid regulation and it is not available in certain regions, including North Korea, Israel, China, Vanuatu, and Cuba.

    Goccfx

    Pros & Cons

    Pros Cons
    • Various Market Instruments
    • No Regulation
    • Available Demo Account
    • Non-functional Official Website
    • Regional Restrictions

    Pros:

    • Various Market Instruments: Goccfx offers a wide range of trading options, including Forex, Indices, Commodities, Stocks, and Cryptocurrencies.

    • Available Demo Account: Users can practice trading on the platform using a demo account, which can be beneficial for beginners.

    Cons:

    • No Regulation: Goccfx is not regulated, which raises concerns about the safety and security of funds.

    • Non-functional Official Website: The official website of Goccfx is currently not functional, which causes a lack of transparent information.

    • Regional Restrictions: Goccfx is not available in certain regions, including North Korea, Israel, China, Vanuatu, and Cuba, which limits its accessibility to traders in those areas.

    Is Goccfx Safe or Scam?

    Goccfx is likely to be an unsafe broker. Firstly, the lack of regulation is a major red flag, as it means there is no oversight ensuring the platform operates fairly and securely. Additionally, the non-functional official website raises serious doubts about the broker's transparency and legitimacy. This lack of a functional website makes it difficult for potential clients to research and understand the broker's services thoroughly.

    No license

    Market Instruments

    Goccfx offers a variety of market instruments for trading.

    • Forex: Forex, or foreign exchange, involves trading currency pairs in the global marketplace.

    • Indices: Indices represent a basket of stocks that track a specific market or sector.

    • Commodities: Commodities are physical goods that are traded on exchanges.

    • Stocks: Stocks, or equities, represent ownership in a company. When you buy a stock, you become a shareholder and have a claim on the company's assets and earnings.

    • Cryptocurrencies: Cryptocurrencies are digital or virtual currencies that use cryptography for security.

    Leverage

    Goccfx offers leverage of up to 1:500, which is considerably higher than the limits imposed by regulatory bodies in countries like the UK and US. While high leverage can amplify potential profits, it also increases the risk of significant losses.

    Spreads & Commissions

    A spread as tight as 0.7 pips for the EUR/USD pair would indeed be considered competitive compared to other brokers. However, trading commissions were not disclosed, which could potentially offset the benefit of the tight spread.

    Trading Platforms

    The Goccfx trading platform is a basic, browser-based terminal that supports various trading instruments. While it covers popular markets like Forex, indices, commodities, stocks, and cryptocurrencies, the platform's interface is unpolished and ineffective. Users have described it as lackluster, with basic charts, graphs, and indicators. This simplicity may be a drawback for traders looking for more advanced features and a user-friendly experience.

    browser-based terminal

    Customer Service

    Goccfx offers customer service via email at info@cohesionn-fi.com. However, there is limited information available about the responsiveness and effectiveness of their customer support.

    Conclusion

    In conclusion, Goccfx has numerous red flags, making it highly advisable to avoid them. The lack of regulation, the non-functional website, and high leverage exceeding legal limits point towards potential scam activity and significant risks to your funds.

    Frequently Asked Questions (FAQs)

    Q: Is Goccfx regulated?

    A: No.

    Q: What market instruments can I trade on Goccfx?

    A: Goccfx offers trading in forex, indices, commodities, stocks, and cryptocurrencies.

    Q: Does Goccfx offer a demo account?

    A: Yes.

    Q: What is the maximum leverage offered by Goccfx?

    A: 1:500.

    Q: Are there any regional restrictions for trading with Goccfx?

    A: Yes, Goccfx is not available in certain regions, including North Korea, Israel, China, Vanuatu, and Cuba.

    Risk Warning

    Online trading involves significant 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 provided in this review may be subject to change due to the constant updating of the company's services and policies.

    In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

    News

    Beware of GOCCFX Broker: Unable to Withdraw is Rising

    ExposureBeware of GOCCFX Broker: Unable to Withdraw is Rising

    2024-02-16 14:34

    Warning: Goccfx cases highlight risks of unlicensed brokers. Essential to verify broker regulation, understand terms, and approach with caution.

    WikiFX
    2024-02-16 14:34
    Exposure
    Beware of GOCCFX Broker: Unable to Withdraw is Rising

    User Reviews

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    Write a review

    Rupesh kumar yadav
    0-3months
    How i can sucess withdrew ppz tell us its a scame or some thing like that plz inform us
    2024-02-10 04:25
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