A brokerage company based in Saint Lucia is inviting traders to join, promising to provide access to tools and conditions that will ensure profitability “in a regulated and safe environment.” In addition, its clients can expect “diverse interbank liquidity”. However, there is no evidence of financial regulation on the official website of this intermediary.
How reliable is this platform? We will take a detailed look at the broker’s legal aspects and offerings in our Goated FX review.
How to Trade
Clients can work on the MT5 platform with 4 types of trading accounts. The intermediary provides access to more than 400 CFD assets, including metals, stocks, cryptocurrencies, and others.
Basic trading conditions:
- Minimum deposit is $100.
- Spreads from 0.01 pips.
- Commission 3-6 dollars (per side).
- Maximum leverage 1:500.
The platform with Expert Advisors and robots is suitable for high-volume traders and scalpers. In addition, Goated FX provides a PAMM service.
The Markets tab and 3 social media symbols are inactive on the broker’s website. Additionally, if you click the Support button, you will be taken to the home page.
Goated FX Vital Info
The site owners do not disclose information about themselves and the project. As for the period of operation, judging by the registration number 2024-00197, the company was founded in the current year. Our assumptions are confirmed by the date of domain creation – May 2024. Well, the short period of the platform’s operation does not mean that its owners are breaking the law. However, we do not understand why the company calls itself “a leading broker in international CFD trading” and hides data about itself.
We checked the registration of the company at the specified address. So, an intrigue arose. We found a similar brand in the Saint Lucia registry – GoatedFX Ltd. Only one space in the name separates this organization from Goated FX Ltd, indicated on the website of our hero as the management company. What is this, a typo or a deliberate deception? Unfortunately, we have not found an answer to this question. Besides, the developers could have listed any company from Saint Lucia on their website. Where is the evidence of their connection?
I decided to warn other traders that trading here is not just unprofitable, but very dangerous for your budget, because I left a large sum of money to these crooks from goated fx. It took me a while to realize that I had fallen for a financial scam and had left more than 5,600 euros on this platform. My last hope is the Chargeback service, but these specialists do not give me a 100% guarantee of a refund. They only promise to try their best within the legal framework.
Goated fx is quite an interesting broker, and I advise everyone to at least try trading with a small amount at first, and then draw conclusions. I would like to note that my concept of short-term trading on small bets does not seem to bring tangible profit, but it all depends on the number of trades, so I can earn a lot :) with this method.
GOATED FX is committing a brazen deception on its terminal. You ask the staff of this broker why they do not process orders after adding at the stated price when there are buyers? They will remain silent as if they were cheats.
I have not encountered such a disgusting service ever before! Despite the fact that the administrators write on the site that this is the world's leading platform, even the link to the online chat does not work, as well as the links to the company's accounts on social networks, and half of the pages do not open!!!!! How can you reach out to clients with such a non-working resource and how much longer will this broker exist? Goated fx is just some kind of horror! I was especially upset by the fact that there are no verified positive reviews on the site; all I see online is blatant advertising comments. I have the impression that this project is being carried out by some schoolchildren. Although I even passed registration here and I traded in the dollar-gold pair, as well as currency pairs with bitcoin, but in the end I received only losses, although I invested a little money, only 100 euros to test the terminal.
The site is poorly made, primitive design, a lot of errors and broken links. As for trading, it sucks, starting from the speed of order execution and ending with the functionality. I haven't met such a cheesy broker as GOATED FX for a long time. It's total suck. Besides, I lost about 70 dollars in trading the GBP/CHF pair, and now I don't know if I can get them back in trading other assets or it's better to leave here for good.
I will not discourage you from cooperating with this project, but simply say that I lost about $12,800 on this site on only two currency pairs - AUD/CAD and USD/JPY. There were a few slippages and I realised that I had to stop cooperating with these scammers, as they made me lose $600. I submitted a request to withdraw all my money and after that an incredible performance started on my account: orders started to open by themselves, even without my participation! The administrators of GOATED FX played dumb, saying that it was a technical problem and so on. What can I do now? When will the crooks return my funds? I don't know...
Where is your license, gentlemen? I want to hear the answer to this question first of all, because I'm not going to trust my money to GOATED FX, whose administration tells me that the broker is controlled by offshore regulators and that this is enough for the clients. No, I need a license from the financial commission of EU countries, not this trash, otherwise I will not contact such a broker. Although it is already clear that I am dealing with a fake broker who only dreams of making money off clients, without caring about service. I have seen negative comments from deceived clients and I have no reason not to trust them. They write that on goatedfx.com their withdrawals were blocked, orders were not processed, they were thrown out of the system, and orders were closed forcibly.
I will never tire of repeating that any broker offering CFDs on assets has deliberately added this instrument to “earn” more money from clients. Such a company benefits from the fact that you invest your money in trading pairs where this instrument is used. Such crooks as Goated FX easily tweak the trading indicators, because they have full control over the process, and some of them, the cunning ones, do not bring transactions to the market at all. What partner will provide liquidity to offshore scammers without a license?!?!!! No one and never!!! So all these low spreads, bonuses, quick registrations and so on - all these scammers offer as bait to hook inexperienced simpletons. Professional traders will not get involved with obvious scammers.
The usual scam. Primitive crooks :( however, many beginners do not even realize that the broker cheats them. Scammers manipulate quotes, I was convinced of this when they helped me waste my deposit of $300. I think it happened because I am still an inexperienced trader and I don't understand sometimes how to distinguish fraudulent projects from decent companies on Forex. I think that a professional will never come here, as this intermediary is obviously fake and makes money on beginners.
The platform pleases me with the absence of requotes, there is a quick deposit and withdrawal of money. In addition, Goated FX has all the conditions to maximize income, and you can not be afraid that you will be left without profit. The main thing for a trader is to set priorities correctly and enter the position correctly, and then you can relax and fix the income at the level of 5-9% per month. I do not advise you to be greedy, you can hang on to one order for a long time, and managers will close it forcibly if there are any problems with liquidity, market collapses and other “black swans”. You should not trade with your entire deposit, always leave some in reserve. These are the strategies I follow.
I don't know how to get my money back from this site, my losses amounted to 7.734 dollars!! access to my account was blocked after closing an order in EUR/CHF pair.