GoldFX Review

 

Overall, GoldFX is considered a trusted broker for South Africans with an overall Trust Score of 80 out of 100. GoldFX is licensed by zero Tier-1 Regulators (high trust), zero Tier-2 Regulators (average trust), and one Tier-3 Regulator (low trust). GoldFX offers South African traders three retail trading accounts: Standard, Pro, and VIP.

 

🟥 Headquartered	Malaysia
🟧 Global Offices	None
🟨 Local Market Regulators in South Africa	Financial Sector Conduct Authority (FSCA)
🟩 Foreign Direct Investment in South Africa	10309.28 billion ZAR
🟦 Foreign Exchange Reserves in South Africa	46.3 billion ZAR
🟪 Local office in South Africa	None
🟥 Governor of SEC in South Africa	None, the governor of the Reserve Bank in South Africa is EL (Lesetja) Kganyago
🟧 Accepts South Africa Traders	✅ Yes
🟨 Year Founded	Unknown
🟩 South Africa Office Contact Number	None

 

 

 

GoldFX Review – Analysis of Brokers’ Main Features

 

1. ✅ GoldFX Overview
2. ✅ GoldFX Detailed Summary
3. ✅ Analysis of GoldFX’s Main Features
4. ✅ GoldFX – Advantages Over Competitors
5. ✅ GoldFX Regulation and Safety of Funds
6. ✅ GoldFX Affiliate Program Features
7. ✅ GoldFX Minimum Deposit
8. ✅ GoldFX Account Types and Features
9. ✅ How to Open a GoldFX Account – A Step-by-Step Guide
10. ✅ How to Close a GoldFX Account in 4 Steps
11. ✅ GoldFX additional Account and Trading Options
12. ✅ GoldFX Trading Platforms
13. ✅ GoldFX Range of Markets
14. ✅ GoldFX Trading and Non-Trading Fees
15. ✅ GoldFX Deposits and Withdrawals
16. ✅ GoldFX Education and Research
17. ✅ GoldFX Customer Support
18. ✅ Our Experience with GoldFX
19. ✅ GoldFX Alternatives
20. ✅ Recommendations according to our in-depth review of GoldFX
21. ✅ GoldFX vs IC Markets vs FXTM – A Comparison
22. ✅ In Conclusion
23. ✅ GoldFX Frequently Asked Questions

 

 

 

GoldFX Overview

 

GoldFX offers a range of features that could be attractive to South African traders, such as a diverse asset selection, efficient trade execution, and comprehensive charting tools.

The platform supports automated trading strategies and provides real-time market data and news. However, the broker is not currently regulated in South Africa by the FSCA, and its claimed regulation under the Labuan FSA could not be confirmed.

 

🟥 Headquartered	Malaysia
🟧 Global Offices	None
🟨 Local Market Regulators in South Africa	Financial Sector Conduct Authority (FSCA)
🟩 Foreign Direct Investment in South Africa	10309.28 billion ZAR
🟦 Foreign Exchange Reserves in South Africa	46.3 billion ZAR
🟪 Local office in South Africa	None
🟥 Governor of SEC in South Africa	None, the governor of the Reserve Bank in South Africa is EL (Lesetja) Kganyago
🟧 Accepts South Africa Traders	✅ Yes
🟨 Year Founded	Unknown
🟩 South Africa Office Contact Number	None

 

 

GoldFX Detailed Summary

 

🟥 Headquartered	Malaysia
🟧 Global Offices	None
🟨 Local Market Regulators in South Africa	Financial Sector Conduct Authority (FSCA)
🟩 Foreign Direct Investment in South Africa	10309.28 billion ZAR
🟦 Foreign Exchange Reserves in South Africa	46.3 billion ZAR
🟪 Local office in South Africa	None
🟥 Governor of SEC in South Africa	None, the governor of the Reserve Bank in South Africa is EL (Lesetja) Kganyago
🟧 Accepts South Africa Traders	✅ Yes
🟨 Year Founded	2022
🟩 South Africa Office Contact Number	None
🟦 Regulation	LFSA
🟪 Tier-1 Licenses	None
🟥 Tier-2 Licenses	None
🟧 Tier-3 Licenses	Labuan Financial Services Authority (LFSA)
🟨 License Number	Labuan – MB/22/0106 (unverified)
🟩 FSCA Regulation	None
🟦 Regional Restrictions	Belarus, Belgium, Canada, Cuba, Iran, Iraq, Japan, North Korea, Russian Federation, Sudan, Syria, and the United States.
🟪 Islamic Account	✅ Yes
🟥 Demo Account	✅ Yes
🟧 Non-expiring Demo	✅ Yes
🟨 Demo Duration	Not indicated
🟩 Retail Investor Accounts	3
🟦 PAMM Accounts	None
🟪 Liquidity Providers	Goldenbug Group Ltd (EU-regulated broker)
🟥 Affiliate Program	✅ Yes
🟧 Order Execution	Market
🟩 Affiliate Program	✅ Yes
🟦 Order Execution	Market
🟪 OCO Orders	✅ Yes
🟥 One-Click Trading	✅ Yes
🟧 Scalping	✅ Yes
🟨 Hedging	✅ Yes
🟩 Expert Advisors	✅ Yes
🟦 News Trading	✅ Yes
🟪 Trading API	None
🟥 Starting spread	0.1 pips
🟧 Minimum Commission per Trade	None, only the spread is charged
🟨 Decimal Pricing	5th Decimal after the comma
🟩 Margin Call	70%
🟦 Stop-Out	30%
🟪 Minimum Trade Size	0.01 lots
🟥 Maximum Trade Size	Unlimited
🟧 Crypto trading offered	✅ Yes
🟨 Offers a ZAR Account	✅ Yes
🟩 Dedicated South Africa Account Manager	✅ Yes
🟦 Maximum Leverage	1:2000
🟪 Leverage Restrictions for South Africa	None
🟥 Minimum Deposit (ZAR)	185 ZAR ($10)
🟧 ZAR Deposits Allowed	Yes
🟨 Active South Africa Trader Stats	200,000+
🟩 Active South Africa -based GoldFX customers	Unknown
🟦 South Africa Daily Forex Turnover	13.1 billion USD
🟪 Minimum Withdrawal Time	Up to 4 hours
🟥 Maximum Estimated Withdrawal Time	Up to 5 days
🟩 Deposit and Withdrawal Options	•Credit/Debit Card •AstroPay •Webpay •Cryptocurrencies •Boleto •FairPay •Perfect Money •Skrill •Neteller •Virtualpay •Aopay •Bank Wire transfer •Local Bank Transfers
🟧 Instant Deposits and Instant Withdrawals	Yes
🟨 Segregated Accounts with South African Banks	None
🟩 Trading Platforms	MetaTrader 5
🟦 Trading Platform Time	GMT +1
🟪 Observe DST Change	Yes
🟥 DST Change Time zone	GMT +1
🟧 Offers USD/ZAR currency pair	✅ Yes
🟨 USD/ZAR Average Spread	0.01792 pips
🟩 Offers South African Stocks and CFDs	None
🟧 Tradable Assets	• Forex • Stocks • ETFs • Indices • Commodities • Cryptocurrency • Treasuries • Futures
🟦 Languages supported on the Website	English, Hindi, Thai, Vietnamese
🟪 Customer Support Languages	Multilingual
🟥 Copy Trading Support	✅ Yes
🟧 Customer Service Hours	24/5
🟨 South Africa-based customer support	None
🟩 Bonuses and Promotions for South Africa Traders	None
🟦 Education for South African beginners	✅ Yes
🟪 Proprietary trading software	✅ Yes
🟥 Most Successful Trader in South Africa	Ref Wayne (500 million USD+)
🟧 Is GoldFX a safe broker for South Africa Traders	We cannot confidently recommend this broker
🟨 Rating for GoldFX South Africa	7/10
🟩 Trust score for GoldFX South Africa	80%

 

 

Analysis of GoldFX’s Main Features

 

🟥 Order Execution	4.5/5
🟧 Commissions and Fees	3/5
🟨 Range of Markets	4.5/5
🟩 Variety of Markets	4/5
🟦 Withdrawal Speed	4/5
🟪 Customer Support	3/5
🟥 Trading Platform	4/5
🟧 Education	4/5
🟨 Research	3/5
🟩 Regulation	3/5
🟦 Mobile Trading	4/5
🟪 Trust Score	80%

 

 

Top 3 GoldFX User Reviews

 

Excellent Broker

Its a excellent and genuine broker.
Positive : Very good account managers (Like Mr.Andrew) helping in your trading activity. Spreads are reasonable.
Negative : is the swap charges, that also is very less if you are going to the higher equity above 3000$.

GoldFX is an incredible platform…

GoldFX is an incredible platform provider with a brilliant copytrade system, in fact, it is the best I have ever seen. The copytrade system allows someone to very easily make money without necessarily knowing how to trade. As long as one is copying great traders, they always stand a chance to win.

I tried the copy trading and it was…

I tried the copy trading and it was excellent, making my money work for me has never been so easy.

GoldFX – Advantages Over Competitors

 

Choosing to trade with GoldFX comes with a list of advantages, including:

 

• GoldFX provides an assortment of tradable assets, such as currencies, commodities, indices, and cryptocurrencies. This diversity permits South African traders to investigate diverse markets and identify investment opportunities aligning with their strategies.
• GoldFX offers a sophisticated trading platform that is both user-friendly and technologically advanced. It offers real-time market data, charting tools, risk management options, and efficient order execution capabilities, giving South African traders the tools they need to trade efficiently and effectively.
• GoldFX incorporates copy trading functionality, allowing traders to automatically replicate the trades of successful and experienced traders. This feature is especially beneficial for South African traders, especially those new to the market, as it enables them to learn from the strategies and actions of more experienced traders, thereby potentially improving their trading results.
• South African traders can participate in GoldFX’s affiliate program to earn commissions by referring new traders to the platform. With attractive commission structures, promotional materials, and tracking tools, this program allows traders to maximise their earnings.
• GoldFX allows South African traders to trade commission-free on certain account types and asset classes. This eliminates additional fees, which increases profits and decreases trading costs for South African traders.
• GoldFX offers several bonuses to new and existing traders, including a deposit, no-deposit bonus, and several others that are being planned by the broker.

 

Finally, GoldFX allows South African traders to trade commission-free on certain account types and asset classes.

 

 

GoldFX – Benefits of Trading

 

• GoldFX caters to seasoned South African traders searching for sophisticated trading tools, broad market access, and competitive pricing. The platform provides a diverse selection of assets and potent tools that facilitate the execution of effective trading strategies.
• GoldFX is dedicated to assisting new traders in South Africa by offering a user-friendly platform, educational materials, and devoted support. It creates a conducive environment for learning and gaining experience for beginners entering the financial markets.
• Active South African traders can benefit from GoldFX’s quick and dependable order execution, low spreads, and access to multiple markets. The platform is tailored to meet the particular requirements of active traders.

 

Finally, The GoldFX platform is tailored to meet the particular requirements of active traders.

 

GoldFX – Trading Pros and Cons

 

GoldFX Pros

 

• GoldFX offers more than 2,500 tradable instruments across multiple asset classes, providing South African traders with many trading opportunities.
• GoldFX grants traders in South Africa access to MetaTrader 5 on mobile, web, and desktop devices, ensuring convenience and adaptability.
• GoldFX supports copy trading, enabling South African traders to automatically replicate the trades of successful traders, thereby facilitating the sharing of knowledge and profit potential.
• GoldFX provides commission-free trading, charging traders only the spread, which can increase their overall profitability.
• GoldFX’s Standard Account has a low minimum deposit requirement of 185 ZAR ($10), making it accessible to traders of varying investment capacities in South Africa.
• GoldFX offers a lucrative affiliate program with various partnership types, allowing South African traders to generate additional income.

 

GoldFX Cons

 

• LFSA regulates GoldFX, this is only a Tier-3 license and there is no regulation with entities such as FSCA, FCA, ASIC, or others.
• The website indicates the deposit and withdrawal methods that can be used. However, there is no dedicated page for this information.
• GoldFX’s company history and founding date are not readily accessible.
• Live chat was tested and found unresponsive.
• There are currently no user reviews or reviews from reputable websites that specifically address the experiences of South African traders, making it difficult to obtain additional information regarding the platform’s performance and reputation in the local context.

 

GoldFX Geographic Reach and Limitations

GoldFX currently has a large market share in South Africa, Latin America, and South-East Asia.

 

GoldFX’s Current Expansion Focus

GoldFX is currently expanding across Latin America and South-East Asia.

 

Countries not accepted by GoldFX

GoldFX does not accept clients from Belarus, Belgium, Canada, Cuba, Iran, Iraq, Japan, North Korea, Russian Federation, Sudan, Syria, and the United States.

 

Popularity among South African traders who choose GoldFX

GoldFX is not a popular CFD and Forex broker in South Africa. Furthermore, because we could not verify the regulation, the reliability of this broker could not be confirmed.

 

GoldFX Regulation and Safety of Funds

 

GoldFX is not currently regulated in South Africa by the FSCA. Furthermore, the GoldFX website claims that the Labuan FSA regulates the broker under Olympic Markets Ltd. However, we could not confirm this licensing as the LFSA webpage is unavailable.

 

GoldFX Global Regulations

 

🔎 Registered Entity	🌎 Country of Registration	📌 Company Reg.	📍 Regulatory Entity	📉 Tier	📈 License Number/Ref
Olympic Markets Ltd	Labuan	LL1766	LFSA	3	MB/22/0106

 

How GoldFX Protects Traders and Client Funds

 

🔎 Security Measure	📌 Information
🟥 Segregated Accounts	✅ Yes
🟧 Compensation Fund Member	None
🟨 Compensation Amount	None
🟩 SSL Certificate	✅ Yes
🟦 2FA (Where Applicable)	✅ Yes
🟪 Privacy Policy in Place	✅ Yes
🟥 Risk Warning Provided	✅ Yes
🟧 Negative Balance Protection	✅ Yes
🟨 Guaranteed Stop-Loss Orders	None

 

GoldFX Security while Trading

 

The client agreement provided by GoldFX does not provide specific details regarding the security measures in place for South African traders. However, the following information is outlined in the document:

• Secure Login: South African traders must use their unique user ID and password to securely access the GoldFX trading platform. Traders must remember and securely store their login credentials to ensure the safety of their accounts.
• Reporting Unauthorised Use: In the event of any unauthorised use or suspicion of password misuse by a third party, South African traders must inform GoldFX promptly. The company will take appropriate actions to mitigate potential risks, such as blocking the trading platform.
• Password Responsibility: GoldFX explicitly states that they do not hold any responsibility for lost or stolen passwords of South African traders. Traders are accountable for safeguarding the confidentiality and security of their login credentials.
• Personal Use of Credentials: The right to access and operate the GoldFX trading platform is strictly personal. South African traders are prohibited from sharing their user ID or password with third parties. This policy ensures the integrity and security of individual trading accounts.

 

South African traders should prioritize the security of their accounts, follow best practices, and implement necessary measures to protect their login credentials from unauthorized access.

 

GoldFX Regulation and Safety of Funds Pros and Cons

 

✅ Pros	❎ Cons
Client funds are kept in segregated accounts	GoldFX is not regulated by any other entities, especially not the FSCA in South Africa
There are several security features that ensure a safe trading environment	There is no Tier-1 or 2 regulations

 

 

GoldFX Affiliate Program Features

 

The GoldFX Affiliate Program offers a range of features and benefits tailored to South African traders. Here are the key highlights of the program:

 

• Multi-Tier Commissions Structure
• High Conversion and Retention Rates
• Real-Time Performance Tracking
• Personal Partnership Manager
• High-Quality Products
• Flexible pay-out System
• Advanced Links Builder

 

 

and much more.

 

 

How to open an Affiliate Account with GoldFX

To register an Affiliate Account, South African traders can follow these steps:

 

• Visit the official GoldFX website.
• Go to the “Company” section and click “Become a Partner.”
• Complete the registration form with the required information.
• Take the time to review and understand the terms and conditions of the GoldFX Affiliate Program.
• If you agree to the terms and conditions, check the box or click the acknowledgment button to proceed.

 

 

Submit your application and await feedback from GoldFX regarding the status of your affiliate account.

 

 

GoldFX Minimum Deposit

 

The minimum deposit required to open a GoldFX Account is R185 ZAR / $10 USD.  GoldFX provides 3 different live trading accounts, Standard, Pro, and VIP.

 

🔎 Live Account	💴 Minimum Dep.
🥉 Standard	R185 ZAR / $10 USD
🥈 Pro	R9,300 ZAR / $500 USD
🥇 VIP	R37,200 ZAR / $2,000 USD

 

 

GoldFX Account Types and Features

 

🔎 Live Account	💴 Minimum Dep.	📈 Average Spread	💴 Commissions	💵 Average Trading Cost
🥉 Standard	R185 ZAR / $10 USD	0.8 pips	None	8 USD
🥈 Pro	R9,300 ZAR / $500 USD	0.6 pips	None	6 USD
🥇 VIP	R37,200 ZAR / $2,000 USD	0.1 pips	None	1 USD

 

GoldFX Standard Account

 

The GoldFX Standard Account is a well-suited option for South African traders seeking a balanced and accessible trading experience. With competitive spreads, a wide range of tradable assets, and access to the advanced trading platform, traders can execute trades efficiently.

 

🟥 Minimum Deposit Required	185 ZAR ($10)
🟧 Typical Spread	From 0.8 pips
🟨 Commission Fees	None, only the spread is charged
🟩 Maximum Leverage	1:2000
🟨 Instruments Available	• Forex • Cryptocurrencies • Energies • Metals • Stocks • ETFs • Indices • Treasuries
🟦 Minimum lot size	0.01 lots
🟪 Hedged Margin	0%
🟥 Margin Call %	70%
🟧 Stop-Out %	30%
🟨 Order Execution	Market
🟩 Swap-Free Available	✅ Yes
🟦 Personal Account Manager	✅ Yes

 

 

GoldFX Pro Account

 

The GoldFX Pro Account is specifically tailored for South African traders who desire enhanced trading capabilities. With tighter spreads, advanced charting tools, and priority customer support, the Pro Account empowers traders to implement sophisticated strategies.

 

🟥 Minimum Deposit Required	9,300 ZAR ($500)
🟧 Typical Spread	From 0.6 pips
🟨 Commission Fees	None, only the spread is charged
🟩 Maximum Leverage	1:2000
🟨 Instruments Available	• Forex • Cryptocurrencies • Energies • Metals • Stocks • ETFs • Indices • Treasuries
🟦 Minimum lot size	0.01 lots
🟪 Hedged Margin	0%
🟥 Margin Call %	70%
🟧 Stop-Out %	30%
🟨 Order Execution	Market
🟩 Swap-Free Available	✅ Yes
🟦 Personal Account Manager	✅ Yes

 

 

GoldFX VIP Account

 

The GoldFX VIP Account is designed for South African traders seeking a premium and personalized trading experience. The VIP Account offers superior trading conditions, specialized assistance, and additional benefits.

 

🟥 Minimum Deposit Required	37,200 ZAR ($2,000)
🟧 Typical Spread	From 0.1 pips
🟨 Commission Fees	None, only the spread is charged
🟩 Maximum Leverage	1:2000
🟧 Instruments Available	• Forex • Cryptocurrencies • Energies • Metals • Stocks • ETFs • Indices • Treasuries
🟦 Minimum lot size	0.01 lots
🟪 Hedged Margin	0%
🟥 Margin Call %	70%
🟧 Stop-Out %	30%
🟨 Order Execution	Market
🟩 Swap-Free Available	✅ Yes
🟦 Personal Account Manager	✅ Yes

 

 

GoldFX Base Account Currencies

GoldFX accounts can only be opened in ZAR, USD or EUR. Therefore, South African traders are not subject to currency conversion fees when they deposit or withdraw funds.

 

How to Open a GoldFX Account – A Step-by-Step Guide

 

Opening an account with GoldFX is straightforward and can be done in just a few minutes. Here are the steps:

 

✅ Step 1:  Visit the official GoldFX website.

Using your preferred web browser, visit the official GoldFX website.  Look for the “Open Account” or “Register” button on the homepage or in the main menu. Click on it to initiate the account registration process.

 

 

✅ Step 2: Complete the Online Registration.

Fill out the registration form with the required information. This typically includes personal details such as your name, email address, phone number, and country of residence. Ensure the information you provide is accurate and follow any instructions provided.

 

 

✅ Step 3: Agree to Terms and Conditions

Carefully read and understand GoldFX’s terms and conditions. If you agree, check the box or click the acknowledgment button to proceed.

 

 

✅ Step 4: Provide Identifications

Depending on GoldFX’s requirements, you may be asked to verify your identity and address. Prepare identification documents such as a passport or national ID card and proof of address like a utility bill or bank statement.

 

 

✅ Step 5: Fund the Account

Fund your trading account once you have completed the registration and verification process. Choose your preferred deposit method and follow the instructions provided.   After successfully funding your account, you can access GoldFX’s trading platform using your account credentials.

 

 

How to Close a GoldFX Account in 4 Steps

 

To close a live trading account with GoldFX, you can follow these steps:

 

1. Contact GoldFX’s customer support team using the provided contact information.
2. Inform the customer service representative that you wish to close your account.
3. Follow the instructions provided by customer support to complete the account closure process.
4. If you still have funds in your trading account, submit a withdrawal request to transfer the balance to your designated bank account or the payment method.

 

 

GoldFX will confirm the closure of your account via email or other communication channels once you have completed the necessary steps. Keep this confirmation for your records.

 

 

GoldFX Demo Account

 

The GoldFX Demo Account provides South African traders with a risk-free environment to practice and familiarise themselves with the platform and trading strategies.  The demo account operates on the popular MT5 (MetaTrader 5) trading platform, known for its advanced features and user-friendly interface.

 

🔎 Account	🥇 GoldFX Demo
💴 Min. Deposit	None
💵 Virtual Funds	$10'000 USD
💻 Platform	MetaTrader 5
📉 Risk Level	None

 

 

GoldFX Islamic Account

 

GoldFX offers an Islamic Account option exclusively available for the Advanced and VIP account types, catering to South African traders who adhere to Islamic principles and require trading conditions compliant with Shariah law.

 

🟥 Minimum Deposit Required	37,200 ZAR ($2,000)
🟧 Typical Spread	From 0.1 pips
🟨 Commission Fees	None, only the spread is charged
🟩 Maximum Leverage	1:2000
🟧 Instruments Available	• Forex • Cryptocurrencies • Energies • Metals • Stocks • ETFs • Indices • Treasuries
🟦 Minimum lot size	0.01 lots
🟪 Hedged Margin	0%
🟥 Margin Call %	70%
🟧 Stop-Out %	30%
🟨 Order Execution	Market
🟩 Swap-Free Available	✅ Yes
🟦 Personal Account Manager	✅ Yes

 

 

GoldFX MAM / PAMM Features

GoldFX does not offer any MAM or PAMM solutions. However, these features/solutions are planned and will be launched soon.

 

GoldFX Account Types and Features – Pros and Cons

 

✅ Pros	❎ Cons
There are three flexible account types offered	The best trading conditions are limited to the more premium account (tighter spreads)
The minimum deposit requirement for the Standard Account is low
Commission-free trading is available
Traders can register for a free demo with GoldFX
There is a Swap-Free conversion option available

 

 

GoldFX additional Account and Trading Options

 

Social Trading with GoldFX

 

GoldFX presents an innovative CopyTrading feature that caters specifically to South African traders, offering opportunities to diversify their portfolios by exploring and emulating the actions of experienced traders.

 

This feature brings forth a range of advantages:

 

• South African traders can browse through a curated list of accomplished traders, carefully analyzing their performance to make well-informed decisions when selecting traders to follow.
• GoldFX provides robust risk management tools to assist South African traders in mitigating risks associated with copied trades. Traders can set parameters, including trade size, stop loss levels, and take profit targets, to align with their risk tolerance.
• South African traders can subscribe to their chosen trader and closely observe the outcomes as the trades are replicated in their trading accounts. This allows for learning from successful strategies and the potential for achieving similar trading results.

 

 

South African traders must exercise caution and conduct thorough research before selecting traders to copy. They should assess performance metrics, and risk management strategies, and ensure compatibility with their own trading objectives.

 

 

 

GoldFX Trading Platforms

 

GoldFX presents the acclaimed MetaTrader 5 (MT5) platform tailored specifically for South African traders, providing them with an array of exceptional features and functionalities:

 

• Diverse Asset Selection: With access to over 2,500 tradable assets across 8 different asset classes, South African traders can explore various markets, diversify their portfolios, and capitalise on opportunities.
• Swift Trade Execution: The MT5 platform ensures efficient trade execution with its one-click trading feature, enabling South African traders to enter and exit positions promptly.
• Comprehensive Charting Tools: Traders can analyse price movements and trends at different intervals using various charting timeframes, equipping them with valuable insights for making informed trading decisions.
• Depth of Markets: The platform’s depth of markets feature displays liquidity at different price levels, empowering South African traders to make well-informed trading choices.
• Personalisation Features: South African traders can customise charts, indicators, and graphical tools to personalise their trading environment according to their preferences and trading strategies.
• Integrated Economic Calendar: The MT5 platform includes an integrated Economic Calendar, keeping South African traders informed about upcoming economic events and their potential impact on the markets.
• Data Protection and Automated Trading: GoldFX prioritises data protection and supports trading robots, enabling South African traders to implement automated trading strategies and enhance efficiency.
• Real-time Market Data and News: Traders can access free market data and news directly on the MT5 platform, making well-grounded decisions based on real-time market conditions.
• Advanced Charting Tools and Risk Management Features: The GoldFX MT5 platform offers real-time market data, advanced charting tools, price alerts, and risk management features, empowering South African traders to analyse markets, identify opportunities, and manage risk.

 

The GoldFX MT5 platform offers real-time market data, advanced charting tools, price alerts, and risk management features.

 

Pros and Cons GoldFX Trading Platforms

 

✅ Pros	❎ Cons
GoldFX offers MetaTrader 5 across devices, including the web, desktop, and mobile	There is only one trading platform offered
There are robust features offered on MT5
Traders can easily use a range of strategies with GoldFX and MT5

 

 

GoldFX Investment Programs

GoldFX does not offer a separate investment program.

 

GoldFX Range of Markets

 

South African traders can expect the following range of markets from GoldFX:

 

• ✅ Forex
• ✅ Stocks
• ✅ ETFs
• ✅ Indices
• ✅ Commodities
• ✅ Cryptocurrency
• ✅ Treasuries
• ✅ Futures

 

 

Financial Instruments and Leverage offered by GoldFX

 

🔎 Instrument	🅰️ Number of Assets Offered	🅱️ Max Leverage Offered
🟥 Forex	312	1:500
🟧 Stocks	1,530	1:10
🟨 ETFs	180	1:10
🟩 Indices	30	1:100
🟦 Commodities	30	1:50
🟪 Cryptocurrency	45	1:10
🟥 Treasuries	3	1:5
🟧 Futures	10	1:5

 

 

Broker Comparison for a Range of Markets

 

🔎 Provider	🥇 GoldFX	🥈 IC Markets	🥉 FXTM
🟥 Forex	✅ Yes	✅ Yes	✅ Yes
🟧 Precious Metals	✅ Yes	✅ Yes	✅ Yes
🟨 ETFs	✅ Yes	None	None
🟩 CFDs	✅ Yes	✅ Yes	✅ Yes
🟦 Indices	✅ Yes	✅ Yes	✅ Yes
🟪 Stocks	✅ Yes	✅ Yes	✅ Yes
🟥 Cryptocurrency	✅ Yes	✅ Yes	None
🟧 Options	None	None	None
🟨 Energies	✅ Yes	✅ Yes	✅ Yes
🟩 Bonds	None	None	None

 

 

Pros and Cons GoldFX Range of Markets

 

✅ Pros	❎ Cons
South Africans can trade ZAR against other currencies	High leverage can be risky even with negative balance protection
Traders can expect leverage up to 1:2000 on Forex, depending on their account type
There is a diverse product portfolio range

 

 

 

GoldFX Trading and Non-Trading Fees

 

GoldFX Spreads

 

The spreads offered by GoldFX to South African traders are influenced by various factors such as the instrument traded, account type, and prevailing market conditions. Under optimal market conditions, the following typical spreads on EUR/USD can be expected across different account types:

 

• ✅ Standard Account – from 0.8 pips
• ✅ Pro Account – from 0.6 pips
• ✅ VIP Account – from 0.1 pips

 

Furthermore, the following typical spreads can be expected in other markets:

 

🅰️ Instrument	🅱️ Average Spreads
🟧 USD/ZAR	0.01792 pips
🟨 Gold/USD	0.2 pips
🟩 Silver/USD	0.025 pips
🟦 US Crude	0.049 pips
🟪 BTC/USD	20.04 pips
🟥 US NASDAQ 100	1.44 pips
🟧 Volatility Index	0.216 pips
🟨 Apple, Inc.	0.06 pips
🟩 Vanguard S&P 500 ETF	0.1 pips
🟦 Euro Bund – Future	0.276 pips
🟪 UK Long Glit Treasury	0.06 pips

 

GoldFX Commissions

 

GoldFX does not charge any commission fees to South African traders as the spread already includes the broker’s compensation for facilitating trades.

 

GoldFX Overnight Fees, Rollovers, or Swaps

 

GoldFX applies overnight fees based on factors such as the duration of the position, the instrument traded, and other relevant variables. A transparent list displays long and short swaps for all instruments. Here are some typical swaps:

 

🔎 Instrument	🅰️ Long (Buy) Swap	🅱️ Short (Sell) Swap
🟥 EUR/USD	-6.77%	-1.03%
🟧 USD/ZAR	-1.86%	-1.59%
🟨 Gold/USD	-18%	-6%
🟩 Silver/USD	-18%	-6%
🟦 US Crude	-8.40%	-6%
🟪 Cryptocurrencies	-32.400%	-32.400%
🟥 US NASDAQ 100	-18%	-8.40%
🟧 Volatility Index	-12%	-8.40%
🟨 Stocks	-17%	-12%
🟩 ETFs	-17%	-12%
🟦 Futures	-10%	-6%
🟪 UK Long Glit Treasury	-10%	-16%

‘

Deposit and Withdrawal Fees

GoldFX does not charge any deposit or withdrawal fees for South African traders.

 

Inactivity Fees

South African traders holding dormant GoldFX accounts are not subject to any inactivity fees.

 

Currency Conversion Fees

When South African traders deposit or withdraw funds in a currency other than their account’s base currency, currency conversion fees may apply.

 

Pros and Cons GoldFX Trading and Non-Trading Fees

 

✅ Pros	❎ Cons
GoldFX offers South African traders commission-free trading on all three live accounts	South Africans face inactivity fees
The spreads are competitive on major instruments	There is truly little information about deposits and withdrawals
GoldFX publishes all trading fees that South Africans might incur
Deposit and withdrawal fees are not charged
Deposit and withdrawal fees are not charged

 

 

GoldFX Deposits and Withdrawals

 

GoldFX offers South African traders the following deposit and withdrawal methods:

 

• Credit/Debit Card
• AstroPay
• Webpay
• Cryptocurrencies
• Boleto
• FairPay
• Perfect Money
• Skrill
• Neteller
• Virtualpay
• Bank Wire transfer

 

and many more.

 

 

How to Deposit Funds with GoldFX

 

To deposit funds to an account with GoldFX, traders can follow these steps:

 

• Log in to your GoldFX account and access the account dashboard. Look for the “Deposit” section, which offers various deposit methods for South African traders. These methods may include Credit/Debit Cards, AstroPay, Webpay, Cryptocurrencies, Boleto, FairPay, Perfect Money, Skrill, Neteller, Virtualpay, or Bank Wire transfer.
• Specify the desired deposit amount, ensuring it meets any minimum deposit requirements specified by GoldFX.
• Based on your chosen deposit method, follow the step-by-step instructions to complete the payment process.
• Provide the necessary information as prompted to complete the deposit. This may include card information, wallet addresses, or bank account details.
• Before finalizing the transaction, thoroughly review the deposit details, including the amount and selected payment method, to ensure accuracy. Proceed to confirm the deposit once you have verified the information.
• Confirm the deposit and allow time for the funds to reflect in your trading account.

 

How long do GoldFX Deposits take?

The processing time for deposits with GoldFX is typically instant but can take a few hours or days, depending on the payment method chosen and when the deposit was made.

 

GoldFX Fund Withdrawal Process

 

To withdraw funds from an account with GoldFX, traders can follow these steps:

 

• Visit the official GoldFX website and log in to your trading account using your unique login credentials. Once logged in, navigate to your account dashboard and locate the “Withdrawal” or “Funds Withdrawal” section.
• Within this section, select the withdrawal method that best suits your preferences and is available for South African traders.
• Specify the withdrawal amount, ensuring it meets any minimum withdrawal requirements set by GoldFX.
• Depending on your withdrawal method, you may need to provide additional details, such as your bank account information or cryptocurrency wallet address.
• Follow the provided instructions accurately, inputting the necessary information as required.
• Before finalising the withdrawal request, carefully review all the withdrawal details, including the requested amount and chosen withdrawal method, to ensure accuracy and prevent errors. Once you have reviewed and confirmed the information, initiate the withdrawal request.
• GoldFX will commence processing and verifying your withdrawal request within its specified timeframe. This process involves verifying the request’s legitimacy and ensuring compliance with regulatory requirements.
• Finalise and receive your funds: Upon successful processing and verification, GoldFX will complete the withdrawal and transfer the funds to your designated bank account or wallet based on the selected withdrawal method. The time it takes to receive the funds may vary due to external factors such as bank processing times or international transfers.

 

How long do GoldFX Withdrawals take?

While brokers generally process withdrawals within 24 hours, the actual time for funds to return to your bank account depends on the withdrawal process, your bank’s procedures, and the specific withdrawal method you have chosen. The funds may take a few days to be credited to your bank account.

 

Broker Comparison: Deposit and Withdrawals

 

🔎 Provider	🥇 GoldFX	🥈 IC Markets	🥉 FXTM
🟥 Min. Withdrawal Time	up to 4 hours	Instant	Instant up to 24 hours
🟧 Max. Withdrawal Time	Up to 5 days	Up to 14 business days	Up to 5 working days
🟨 Instant Deposits / Withdrawals	✅ Yes	✅ Yes	✅ Yes

 

Pros and Cons GoldFX Deposits and Withdrawals

 

✅ Pros	❎ Cons
South Africans can choose from flexible payment methods	Client fund security is uncertain because of GoldFX’s lack of transparency and regulation
Deposits and withdrawals are processed quickly as they are received	There is no dedicated deposit or withdrawal page with comprehensive information, which is extremely suspicious

 

 

GoldFX Education and Research

 

GoldFX Education

 

GoldFX offers the following Educational Materials to South African traders:

 

• eBooks
• Video Academy
• Beginner Courses
• Help Centre
• Platform Tutorials and Information
• FAQ

 

GoldFX Research and Trading Tool Comparison

 

🔎 Provider	🥇 GoldFX	🥈 IC Markets	🥉 FXTM
🟥 Economic Calendar	✅ Yes	✅ Yes	✅ Yes
🟧 VPS	None	✅ Yes	✅ Yes
🟨 AutoChartist	None	✅ Yes	None
🟩 Trading View	None	None	None
🟦 Trading Central	None	✅ Yes	None
🟪 Market Analysis	None	✅ Yes	✅ Yes
🟥 News Feed	None	✅ Yes	✅ Yes
🟧 Blog	None	✅ Yes	✅ Yes

 

GoldFX also offers South African traders the following additional Research and Trading Tools:

 

• ✅ Economic Calendar
• ✅ Crypto Calendar
• ✅ Holiday Calendar

 

Pros and Cons GoldFX Education and Research

 

✅ Pros	❎ Cons
South Africans can expect a range of features from MetaTrader 5, including charging, economic calendars, and more	GoldFX offers a limited range of educational materials
There is a demo account offered on the GoldFX website	There are hardly any trading tools or research available

 

 

GoldFX Bonuses and Promotions

GoldFX offers a range of bonuses and promotions for South African traders, including a 50% to 100% deposit bonus, lucky draws, and a no-deposit bonus. These bonuses are designed to enhance the trading experience and provide traders with increased trading opportunities.

One of the bonuses available is the 50% Bonus, which allows traders to receive an additional 50% of their deposit amount as a bonus.

For instance, if a trader deposits $500, they will receive a bonus amount of $250, resulting in a total balance of $750 to trade with. Similarly, a deposit of $1,000 would yield a bonus amount of $500, resulting in a total balance of $1,500.

The bonus amount is calculated as a percentage of the deposit value, with a 50% ratio being applicable to this particular bonus.

Furthermore, it is important to note that the maximum bonus amount a trader can receive through this promotion is $10,000. Therefore, even if a trader were to deposit $20,000, the bonus would still be capped at $10,000.

These bonuses aim to empower South African traders by providing them with additional funds for trading. By taking advantage of the GoldFX Bonus, traders can potentially have more capital to utilize in their trading activities, which may lead to enhanced trading opportunities and potentially higher profits.

 

How to open an Affiliate Account with GoldFX

To register an Affiliate Account, South African traders can follow these steps:

• Visit the official GoldFX website.
• Go to the “Company” section and click “Become a Partner.”
• Complete the registration form with the required information, ensuring that you select South Africa as your country.
• Take the time to review and understand the terms and conditions of the GoldFX Affiliate Program.
• If you agree to the terms and conditions, check the box or click the acknowledgment button to proceed.
• Submit your application and await feedback from GoldFX regarding the status of your affiliate account.

 

GoldFX Affiliate Program Features

The GoldFX Affiliate Program offers a range of features and benefits tailored to South African traders. Here are the key highlights of the program:

• Multi-Tier Commissions Structure: As an affiliate partner, you can benefit from a multi-tiered commission structure that allows you to earn commissions from direct referrals and sub-affiliates you bring into the program.
• High Conversion and Retention Rates: GoldFX has a track record of high conversion and retention rates, increasing the likelihood of successful conversions and providing consistent revenue generation for affiliate partners.
• Real-Time Performance Tracking: Partners have access to a real-time tracking system to monitor their performance, including clicks, registrations, deposits, and trading volumes. This feature allows for accurate analysis and optimisation of marketing strategies.
• Personal Partnership Manager: GoldFX assigns a dedicated personal partnership manager to provide support, guidance, and assistance throughout the partnership journey, ensuring partners receive the necessary help to succeed.
• High-Quality Products: GoldFX offers high-quality products and services, including a reliable and user-friendly trading platform, ensuring that referred clients can access exceptional trading experiences.
• Marketing Materials and Promotions: Partners have access to a wide range of marketing materials and promotional tools to enhance their marketing efforts. These resources include banners, landing pages, widgets, and more.
• Flexible pay-out System: Affiliates can withdraw their earnings through a flexible pay-out system, allowing convenient and timely access to their commissions.
• Advanced Links Builder: GoldFX provides an advanced links builder tool that helps partners track the origin of their customers, enabling them to optimise their marketing campaigns.

 

GoldFX Customer Support

 

🔎 Customer Support	💖 GoldFX Customer Support
🟥 Operating Hours	24/5
🟧 Support Languages	Multilingual
🟨 Live Chat	✅ Yes
🟩 Email Address	Support@goldfx.com
🟦 Telephonic Support	+44 20 3650 3070
🟥 The overall quality of GoldFX Support	3/5

 

GoldFX Sponsorships

GoldFX does not have any sponsorships.

 

GoldFX Trading Platform

GoldFX offers a single trading platform for South African traders. The platform provides essential features for executing trades, accessing market data, and managing orders.

 

Quality of Customer Service

While testing GoldFX’s customer service, we found that the customer support provided by GoldFX was slow and unable to address important questions adequately. When re-testing Live Chat on GoldFX’s website, we received no response in an hour and a half, even when prompting repeatedly.

This lack of efficient and effective customer service negatively impacted the overall experience for South African traders.

 

GoldFX Response Time

 

🔎 Support Channel	🅰️ Average Response Time	🅱️ User-based Response Time
☎️ Phone	N/A	N/A
💻 Email	N/A	N/A
❤️ Live Chat	1 minute	10 – 15 minutes
↪️ Social Media	1 minute	5minute
➡️ Affiliate	24 hours	24 hours

 

GoldFX Corporate Social Responsibility

GoldFX does not have any information regarding Corporate Social Responsibility.

 

Additional Features of GoldFX

 

Financial Reports

GoldFX does not currently publish its Financial Reports.

 

GoldFX Future Vision

There is no information on GoldFX’s future vision for 2025.

 

GoldFX Risk Warning and Disclaimer for Traders

Certain financial instruments carry inherent risks and may not suit all clients. South African traders are strongly advised to comprehend the nature of these products and the associated risks, including the possibility of losses exceeding the initial investment.

It is vital to avoid taking on more risk than one can afford to lose. The financial markets can be extremely volatile and susceptible to substantial price fluctuations and market conditions.

It is discouraged to base trading decisions solely on historical data, as past performance does not guarantee future outcomes. South African traders should evaluate their risk tolerance, financial situation, and investment objectives before trading.

GoldFX VPS Review

 

GoldFX does not offer any VPS services to South African traders.

 

GoldFX Trading Signals

GoldFX does not provide trading signals.

 

GoldFX Cashback Rebates Features and Conditions

GoldFX does not provide cashback rebates.

 

Pros and Cons GoldFX Customer Support

 

✅ Pros	❎ Cons
Multilingual support is available	24/7 customer support is not available
Several channels can be used to contact GoldFX	The response time is extremely slow, and the overall quality of support could be improved

 

 

Our Experience with GoldFX

 

Based on our experience, it is crucial to exercise caution when considering GoldFX as a trading platform. Here are the main reasons why:

 

Our Experience with GoldFX Overall

 

Considering our experience, South African traders must exercise caution when considering GoldFX as a trading platform.

 

• The lack of regulatory oversight, slow customer support, and limited platform options raise concerns about the reliability and transparency of the company.
• Traders should conduct thorough research and explore alternative options that provide more robust regulatory frameworks and responsive customer support to ensure a secure and satisfactory trading experience.

 

 

Our Experience with the GoldFX Trading Platform

 

GoldFX offers a single trading platform for South African traders. The platform provides essential features for executing trades, accessing market data, and managing orders.

 

 

Our Experience with GoldFX Customer Service

 

While testing GoldFX’s customer service, we found that the customer support provided by GoldFX was slow and unable to address important questions adequately.  Response times were delayed, and the support team struggled to provide satisfactory answers to inquiries.

 

 

GoldFX – Basic Order Types Explained

 

 

• A Market Order is a request to buy or sell a Contract for Difference (CFD) at the prevailing market price as promptly as possible, opening a trade position.

 

• Pending Orders are requests to buy or sell a CFD at a pre-defined price in the future once a certain price is reached. GoldFX offers four Pending Orders: Buy Limit, Buy Stop, Sell Limit, and Sell Stop.

 

• Take Profit Orders are intended to secure profit when the price of a CFD reaches a specific level. The execution of this order results in the complete closure of the entire position and is always connected to an open, market, or pending order.

 

• Stop-Loss Orders are used to minimize losses if the price of a CFD begins to move in an unprofitable direction. If the price of the CFD reaches the Stop-Loss level, the entire position will be automatically closed.

 

 

Stop-Loss Orders are always connected to an open, market, or pending order. The GoldFX platform checks long positions with the BID price and short positions with the ASK price to determine if the provisions of the Stop-Loss Order have been met.

 

 

GoldFX Alternatives

 

 

• 🥇 XM is a broker dedicated exclusively to MetaTrader, providing high-quality educational resources and market research. With an extensive offering of 1,429 CFDs, including 55 forex pairs, XM’s in-house research is complemented by the tools and content from Trading Central, enriching the trading experience.

 

• 🥈 Tickmill’s Pro and VIP accounts boast highly competitive pricing, earning the broker the top spot for Commissions and Fees in 2025. A recent addition to Tickmill’s offerings is Signal Centre, powered by Acuity Trading, which provides traders with actionable trading signals and research to support their decision-making.

 

• 🥉 BDSwiss serves a vast community of over 1.6 million registered forex and CFD traders. With a selection of platforms, including BDSwiss Mobile, WebTrader apps, MetaTrader 4 (MT4), and MetaTrader 5 (MT5), traders have flexibility in their trading choices. VIP clients gain access to the Premium version of Trend Analysis, featuring 500 trend patterns.

 

 

 

Recommendations according to our in-depth review of GoldFX

 

In order for GoldFX to better its services we recommend the following:

 

• Regulation: GoldFX should seek regulation from the FSCA or another reputable regulatory body. This would increase trust and confidence among South African traders.
• Customer Support: Improving the response time of customer support and offering 24/7 support could significantly enhance the user experience.
• Trading Platform Options: Offering more trading platform options besides MetaTrader 5 could attract a wider range of traders.
• Education and Research: The broker could enhance its educational and research offerings to better support traders in making informed trading decisions.
• More Transparency: GoldFX should update the official website to include a deposit and withdrawal page where detailed information can be accessed.

 

The broker could enhance its educational and research offerings to better support traders in making informed trading decisions.

 

 

GoldFX vs IC Markets vs FXTM – A Comparison

 

🔎 Provider	🥇 GoldFX	🥈 IC Markets	🥉 FXTM
🟥 Withdrawal Fee	None	None	✅ Yes
🟧 Demo Account	✅ Yes	✅ Yes	✅ Yes
🟨 Min Deposit	8,100 NGN	3,700 ZAR	185 ZAR
🟩 Leverage	1:1000	1:500	1:2000
🟦 Spread	From 0.1 pips	From 0.0 pips	0.0 pips, Variable
🟪 Commissions	None, only the spread is charged	From $3 to $3.5	From $0.4 to $2
🟥 Order Execution	Market	Market	Market, Instant
🟧 No-Deposit Bonus	None	None	None
🟨 Cent Accounts	None	None	None
🟩 FSCA Regulation	None	None	None
🟦 ZAR Deposits	✅ Yes	None	✅ Yes
🟪 ZAR Account	None	None	✅ Yes
🟥 Customer Service Hours	24/5	24/7	24/5
🟧 Retail Investor Accounts	3	3	3
🟨 Islamic Account	✅ Yes	✅ Yes	✅ Yes
🟩 Minimum Trade Size	0.01 lots	0.01 lots	0.01 lots
🟦 Maximum Trade Size	Not indicated	Unlimited	100 lots
🟪 Minimum Withdrawal Time	1 – 2 days	Instant	Instant up to 24 hours

 

 

In Conclusion

 

According to our in-depth research, GoldFX offers a range of features that could be attractive to South African traders, such as a diverse asset selection, efficient trade execution, and comprehensive charting tools.

The platform supports automated trading strategies and provides real-time market data and news. However, there are several areas of concern.

The broker is not currently regulated in South Africa by the FSCA, and its claimed regulation under the Labuan FSA could not be confirmed. This raises significant concerns about the safety of funds and the broker’s reliability.

 

 

Our Review Methodology:  For each of our broker evaluations, we investigate, evaluate, analyze, and compare what we feel to be the most crucial criteria to consider when selecting a broker. Based on our findings, this evaluation comprises positives, disadvantages, and an overall score. We want to assist you in locating the ideal broker for your requirements. Our broker review should not be considered financial advice. However, traders are urged to seek professional financial advice before making investment decisions.

 

 

Addendum/Disclosure:  No matter how diligently we strive to maintain accuracy, the forex market is volatile and may change anytime, even if the information supplied is correct when going live.

 

 

Investor Warning: Foreign currency trading on margin is associated with an elevated risk and may not be appropriate for all investors. Before engaging in foreign currency or Contract for Difference (CFD) trading, you must evaluate your investing goals, expertise, appetite for risk, and willingness to be exposed to risk. In addition, you should not start investing capital that you cannot afford to lose because you could incur a loss of part or your entire original investment.

 

 

GoldFX Frequently Asked Questions

 

What trading platform does GoldFX offer?

GoldFX offers the MetaTrader 5 platform for trading.

 

Is GoldFX regulated in South Africa?

As of the review, GoldFX is not regulated by the FSCA in South Africa.

 

Does GoldFX have Nasdaq 100?

Yes, GoldFX offers the Nasdaq 100 instrument as “US NASDAQ 100” for South African traders. This instrument can be traded with commission-free options, leverage up to 1:100, and spreads starting from 1.44 pips.

 

Does GoldFX offer negative balance protection?

No, GoldFX does not offer negative balance protection for South African traders.

 

What assets can I trade with GoldFX?

GoldFX offers a range of assets, including Forex, Stocks, ETFs, Indices, Commodities, Cryptocurrency, Treasuries, and Futures.

 

Is GoldFX Safe or a Scam?

Regarding the safety of trading with GoldFX for South African traders, we could not independently verify its status as a trustworthy broker.

 

How can I open an account with GoldFX?

You can open an account with GoldFX by visiting their official website and following the account registration process.

 

Does GoldFX offer a demo account?

Yes, traders can register a free demo account with GoldFX.

 

Is GoldFX regulated?

It is important to note that GoldFX claims to be regulated by the Labuan FSA. However, we were unable to verify this license.  Additionally, the Labuan FSA is considered a Tier-3 (low trust) regulatory entity with relatively relaxed regulations and limited protection compared to stricter regulatory bodies such as the FCA, ASIC, and others.

 

How can I withdraw funds from my GoldFX account?

You can withdraw funds by logging into your account, navigating to the “Withdrawal” section, and following the instructions.

 

How long does it take to withdraw from GoldFX?

The withdrawal process at GoldFX may take several days, depending on the specific withdrawal method and procedure.

 

Does GoldFX have VIX 75?

Yes, GoldFX offers VIX 75 as a CFD on indices, allowing South African traders to access this instrument. The trading conditions include spreads starting from 0.216 pips, leverage of up to 1:100, and a contract size of 1,000 contracts.

 

Does GoldFX offer any educational materials?

Yes, GoldFX offers educational materials, including eBooks, Video Academy, and Beginner Courses.

 

What is the minimum deposit for GoldFX?

The minimum deposit for GoldFX is 185 ZAR ($10).

 

Does GoldFX offer instant deposits and withdrawals?

No, GoldFX does not offer instant deposits and withdrawals.