Home Forex Brokers Gomax

Gomax

5.8 / 10 Overall Score

Website: https://gomaxltd.net/en/index1.html
Jurisdiction: United Kingdom
Operating Since: 2-5 years
Regulatory Status: N/A

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Regulation
Business
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Company & Contact

Legal Name: Gomax
Phone: —
Email: support@gomaxltd.com
Address: 3 Queen Victoria St, London EC4N 4TQ U.K

License Info: —

In-Depth Broker Review

What’s inside: Company overview, account types, and deposit & withdrawal guidance.

Company Profile
Account Types
Deposit & Withdrawal

Broker Details

# Gomax Company: A Comprehensive Overview

## Company Overview

Gomax company operates primarily as a forex broker, offering various trading services to clients globally. Founded in 2015, it has positioned itself within the competitive trading industry, providing access to a range of financial instruments, including forex, commodities, and contracts for difference (CFDs). The company is registered in the United Kingdom, with its headquarters located at 3 Queen Victoria St, London, EC4N 4TQ, UK. Gomax company claims to serve a global clientele, although specific details regarding its operations across different regions are limited.

## Corporate Development

Since its inception, Gomax company has aimed to establish itself in the forex and CFD markets. However, detailed historical milestones, such as significant expansions, rebranding efforts, or mergers, have not been disclosed in the available information. Notably, the company has faced scrutiny regarding its regulatory status, which may impact its growth and reputation in the financial sector.

## Corporate Structure and Subsidiaries

Gomax operates as an independent entity, but specific details regarding its ownership structure or any parent company affiliations are not clearly disclosed. There is no information available regarding subsidiaries or branches under the Gomax brand, nor is there a detailed internal organization or leadership overview provided.

## Regulation and Compliance

Gomax company claims to be regulated by the National Futures Association (NFA) in the United States. However, reviews and analyses indicate that it may not hold valid regulatory licenses, raising concerns about its legitimacy and the safety of client funds. There are no clear client fund protection policies mentioned, such as segregation of funds or insurance measures. The absence of a comprehensive compliance framework or transparency measures is also noted, which could further complicate its regulatory standing. The company operates in various regions but lacks detailed information on specific countries of authorization or restriction.

## Global Presence and Market Coverage

Gomax company serves a global clientele, providing access to various financial markets. However, specific details about local branches or representative offices are not available. There is no information regarding partnerships or regional strategic initiatives that could enhance its market presence. The client demographic focus remains unspecified, making it difficult to assess its market segmentation.

## Financial and Operational Data

Information regarding the size of Gomax's operations, such as the number of employees, customers, or transaction volumes, is not disclosed. Additionally, there are no publicly available financial data or insights into technology or infrastructure investments. Updates concerning ownership and capital structure are also not provided.

## Reputation and Industry Standing

Gomax company has received mixed reviews within the forex and financial community. Concerns have been raised regarding its lack of proper regulation, which has led to numerous negative reviews and reports of scams. The company’s credibility is further questioned due to the absence of industry recognition or notable partnerships with major financial institutions. Overall, its reputation within the market appears to be under scrutiny, with potential risks highlighted by users and analysts alike.

## Summary

In summary, Gomax company presents itself as a trading platform with various offerings in forex, commodities, and CFDs. However, its regulatory background is questionable, with indications that it may lack valid licenses and adequate client fund protection measures. Potential clients are advised to carefully consider its operational integrity and market presence before engaging with the platform. The overall perception of Gomax company within the financial community suggests a need for caution, given the reported issues related to compliance and customer satisfaction.

Account Types

# Gomax Account Types

Gomax offers a variety of account types tailored to meet different trading needs. Below is a summary of the available accounts:

### 1. Standard Account
- **Minimum Deposit Requirement:** Starts from $100
- **Spreads/Commission Model:** Variable spreads from 1.2 pips; commission is zero or variable depending on account type
- **Leverage Limits:** Up to 1:500
- **Trading Instruments Available:** Forex, commodities, indices, and cryptocurrencies
- **Base Currencies Supported:** USD, EUR, GBP
- **Execution Model:** STP/ECN
- **Unique Features:** Designed for beginners and offers a straightforward trading experience.

### 2. ECN Account
- **Minimum Deposit Requirement:** Starts from $100
- **Spreads/Commission Model:** Tight spreads starting from 0.1 pips; commission varies
- **Leverage Limits:** Up to 1:500
- **Trading Instruments Available:** Forex, commodities, indices, and cryptocurrencies
- **Base Currencies Supported:** USD, EUR, GBP
- **Execution Model:** ECN
- **Unique Features:** Offers faster execution speeds and lower spreads, ideal for professional traders.

### 3. Demo Account
- **Minimum Deposit Requirement:** Not applicable (virtual funds)
- **Spreads/Commission Model:** Simulates real market conditions with no real money involved
- **Leverage Limits:** Variable, based on account settings
- **Trading Instruments Available:** Forex, commodities, indices, and cryptocurrencies
- **Base Currencies Supported:** Not applicable
- **Execution Model:** Simulated trading environment
- **Unique Features:** Allows traders to practice strategies without financial risk.

### 4. Islamic Account
- **Minimum Deposit Requirement:** Starts from $100
- **Spreads/Commission Model:** Variable spreads; commission structure may vary
- **Leverage Limits:** Up to 1:500
- **Trading Instruments Available:** Forex, commodities, indices, and cryptocurrencies
- **Base Currencies Supported:** USD, EUR, GBP
- **Execution Model:** STP/ECN
- **Unique Features:** Swap-free account designed for traders adhering to Islamic finance principles.

# Gomax Broker Account Opening Process

To open an account with Gomax, follow these steps:

1. **Visit the Gomax Website:** Navigate to the official Gomax registration page.
2. **Register for an Account:**
   - Click on the “Sign Up” button.
   - Fill in your personal details including full name, email, and password.
   - Agree to the terms of service and privacy policy.
3. **Email Verification:** Verify your email by clicking on the link sent to your inbox.
4. **KYC Verification:**
   - Upload identity documents and proof of residence for KYC verification.
5. **Funding Your Account:** 
   - Deposit funds via bank transfer, credit/debit card, or other supported methods.
   - Minimum funding starts from $100.
6. **Account Approval:** 
   - Wait for the account to be approved, which typically takes a short period.
7. **Access Trading Platforms:** Once approved, you can access popular trading platforms such as MetaTrader 4 and MetaTrader 5.
8. **Optional Demo Account:** If desired, you can also open a demo account for practice purposes without any financial commitment.

Deposit & Withdrawal

# Gomax Deposit & Withdrawal Guide 2025: Methods, Limits, and Processing Times Explained

## Gomax Minimum Deposit Explained

### Minimum Deposit Amount
The minimum deposit required to open an account with Gomax is **$100**.

### Account-Type Comparison
Gomax offers different account types, each with specific features and trading conditions. The minimum deposit remains consistent across these accounts, which include:
- **Standard Account**: Ideal for beginners, no commission on trades.
- **ECN Account**: More suited for experienced traders, offering tighter spreads but may involve commissions.

### Regional Differences
While the minimum deposit is generally set at $100, regional regulations and local banking practices may affect the actual amount required in different countries.

### Advantages
1. **Low Entry Barrier**: The $100 minimum deposit is accessible for new traders.
2. **Flexible Account Options**: Multiple account types cater to different trading strategies and experience levels.
3. **Competitive Spreads**: Starting from 0.0 pips, allowing for cost-effective trading.
4. **Multiple Trading Instruments**: Access to forex, CFDs, and commodities.

### Disadvantages
1. **No Demo Accounts**: Lack of practice accounts may deter beginners.
2. **Limited Regulatory Oversight**: Concerns regarding fund safety due to insufficient regulation.
3. **Withdrawal Issues**: Complaints about delayed withdrawals may affect user trust.
4. **No Industry-Standard Platforms**: Absence of popular platforms like MetaTrader 4 or 5.

### Competitor Comparison
Compared to competitors like IG Group, OANDA, and eToro, Gomax offers a lower minimum deposit but lacks the regulatory assurance and demo account options that many established brokers provide.

## Gomax Deposit Methods Comprehensive Guide

### Deposit Methods Overview
Gomax supports several deposit methods to facilitate funding your trading account. Below is a detailed overview of each method:

1. **Bank Transfer**
   - **Processing Time**: 1-2 business days
   - **Fees**: May incur intermediary bank fees
   - **Availability**: Widely available
   - **Limits**: Typically no maximum limit
   - **Pros**: Secure; suitable for large transfers.
   - **Cons**: Slower processing time; potential fees from banks.

2. **Credit/Debit Card**
   - **Processing Time**: Instant
   - **Fees**: None from Gomax; may incur bank fees
   - **Availability**: Commonly accepted
   - **Limits**: Varies by card issuer
   - **Pros**: Fast and convenient; immediate account credit.
   - **Cons**: Limits on amount; not suitable for large deposits.

3. **E-Wallets (e.g., PayPal, Skrill)**
   - **Processing Time**: Instant
   - **Fees**: None from Gomax; may incur e-wallet fees
   - **Availability**: Depends on your region
   - **Limits**: Varies by e-wallet provider
   - **Pros**: Quick and easy; often lower fees than bank transfers.
   - **Cons**: Limited availability in some regions.

4. **Cryptocurrency**
   - **Processing Time**: Typically within minutes
   - **Fees**: Depends on network fees
   - **Availability**: Limited acceptance
   - **Limits**: Depends on the cryptocurrency
   - **Pros**: Fast and decentralized.
   - **Cons**: Volatility in value; additional steps for conversion.

### Supported Currencies and Recommended Methods
Gomax supports multiple base currencies including USD, EUR, and GBP. For the fastest and most cost-effective deposits, credit/debit cards and e-wallets are recommended.

## Gomax Deposit Steps Explained

### Step-by-Step Deposit Procedure
1. **Log in** to your Gomax account.
2. Navigate to the **Deposit** section.
3. Select your preferred **payment method**.
4. Enter the **amount** you wish to deposit and confirm.
5. Follow the on-screen instructions to complete the transaction.

### Mobile vs Web Differences
The deposit process is similar across both mobile and web platforms. However, mobile users may experience a more streamlined interface.

### KYC Notes and Common Issues
- **KYC Verification**: You may need to complete KYC verification by submitting identification documents.
- **Common Issues**: Delays in deposit processing can occur if KYC is not completed or if there are discrepancies in the payment details.

### Typical Fund Crediting Times
Deposits via credit/debit cards and e-wallets are credited instantly, while bank transfers may take 1-2 business days.

## Gomax Withdrawal Methods Overview

### Available Withdrawal Channels
Gomax allows withdrawals through the following methods:

1. **Bank Transfer**
   - **Processing Time**: 1-2 business days
   - **Fees**: May incur intermediary bank fees
   - **Limits**: No maximum limit
   - **Pros**: Secure for larger amounts.
   - **Cons**: Slower processing time.

2. **Credit/Debit Card**
   - **Processing Time**: 1-2 business days
   - **Fees**: None from Gomax; may incur bank fees
   - **Limits**: Limited to the amount deposited via card
   - **Pros**: Faster than bank transfers.
   - **Cons**: Limits on withdrawal amount.

3. **E-Wallets**
   - **Processing Time**: Instant to 1 hour
   - **Fees**: None from Gomax; may incur e-wallet fees
   - **Limits**: Varies by provider
   - **Pros**: Quick and convenient.
   - **Cons**: Limited availability in some regions.

### Recommended Options by Cost and Speed
For the fastest and most cost-effective withdrawals, e-wallets are recommended, followed by credit/debit cards.

## Gomax Withdrawal Steps Explained

### Step-by-Step Withdrawal Instructions
1. **Log in** to your Gomax account.
2. Go to the **Withdrawal** section.
3. Choose your preferred **withdrawal method**.
4. Enter the **amount** you wish to withdraw and confirm.
5. Follow the instructions to complete the withdrawal request.

### ID Verification Requirements
To process withdrawals, Gomax may require you to verify your identity, particularly for larger amounts or if your account is not fully verified.

### Expected Fund Arrival Time
Withdrawals via e-wallets may arrive instantly, while bank transfers and card withdrawals typically take 1-2 business days.

### Typical Delay Reasons and Fixes
- **Incomplete KYC**: Ensure all verification documents are submitted.
- **Bank Processing Times**: Be aware that banks may take longer to process transactions.
- **Withdrawal Limits**: Check if you’re within your withdrawal limits to avoid delays.

## FAQs – Gomax Deposits & Withdrawals

### What is the minimum deposit for Gomax?
The minimum deposit for Gomax is **$100**.

### How long do withdrawals take?
Withdrawals typically take **1-2 business days**, depending on the method used.

### Are there fees for deposits or withdrawals?
Gomax does not charge internal fees for deposits or withdrawals, but you may incur fees from banks or e-wallet providers.

### Can the same method be used for both?
Yes, it is recommended to use the same method for deposits and withdrawals for faster processing.

### Are crypto or local methods supported?
Gomax supports cryptocurrency deposits, but local payment methods may vary by region.

Disclaimer: This card is for informational purposes only and does not constitute investment advice. Always verify details with official disclosures and regulators.

Gomax

Gomax

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