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Need an advice
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Alex52

Member Since Jul 31, 2018  1 posts Alex52 Aug 01 2018 at 06:57
So I am very unexperienced trader yet,
I started to work with GoCapitalFX last week, but now I don't know if it was a good idea. I liked the site but I haven't found much info on the internet about the company, mayby somebody has worked with it?
is it good to start with a new broker company?

BaldoN

Member Since Feb 12, 2016  522 posts Baldo (BaldoN) Aug 02 2018 at 14:02
Yeah, this name is new for me as well. If you are newbie, it will be good to try with some well-known and trusted broker in order to avoid any negative surprises. You could type in internet something like 'the best forex brokers' and you will see many useful lists and comparisons. Depending on your research and comparisons you could select any broker according your trading style. For example, some traders are looking for commission based brokers, providing interbank core spreads. Or other traders prefers to be without commission, however on wider spreads... :) Let me know if you need some additional advice. Good luck :)

Pikasso

Member Since Jan 31, 2017  148 posts SCR Traders (Pikasso) Aug 02 2018 at 14:54
Alex52 posted:
So I am very unexperienced trader yet,
I started to work with GoCapitalFX last week, but now I don't know if it was a good idea. I liked the site but I haven't found much info on the internet about the company, mayby somebody has worked with it?
is it good to start with a new broker company?


I recommend to start with Darwinex. It's reliable and serious company. There's nothing redundant here and still you can find anything you need. All my accounts are in Darwinex now. As for GoCapitalFX - I haven't heard anything about this company. I couldn't even find a website ))

Trading system developer and strategy provider.
nick3232

Member Since Jan 03, 2018  133 posts nick3232 Aug 02 2018 at 15:05
Pikasso posted:
Alex52 posted:
So I am very unexperienced trader yet,
I started to work with GoCapitalFX last week, but now I don't know if it was a good idea. I liked the site but I haven't found much info on the internet about the company, mayby somebody has worked with it?
is it good to start with a new broker company?


I recommend to start with Darwinex. It's reliable and serious company. There's nothing redundant here and still you can find anything you need. All my accounts are in Darwinex now. As for GoCapitalFX - I haven't heard anything about this company. I couldn't even find a website ))


100% agree,,seems to me like a buckett shop

Andy8866

Member Since Aug 07, 2018  2 posts Andy8866 Aug 07 2018 at 14:01
idk, I have an account at Gocapitalfx, and it seems to be alright. The company is young but they provide some good stuff. I made a minimal deposit tho so I got couple hadreds from it and have withdrawn

CarlosMZ

Member Since Apr 07, 2015  55 posts Carlos (CarlosMZ) Aug 09 2018 at 06:22
How on Earth did you find them if they are not showing in Google search in the first place?
Seems awfully fishy.

Anyway - Check their regulation.
Always do. If they are not regulated with a big authority - I'd recommend you stay away.

HappyDog1

Member Since Aug 09, 2018  12 posts HappyDog1 Aug 09 2018 at 10:19
The guy who wrote that post has only written 1 post before so they may work for the broker and are trying to dum up business.

TiffanyK

Member Since Feb 12, 2016  427 posts Tiffany (TiffanyK) Aug 09 2018 at 13:20
@Andy8866: Could you please give some more details? What is their required minimum deposit ? Where are they based? If you got their web site, please share. I got curious already...
Thanks in advance !

Accept the loss as experience
TeddyBrendon

Member Since Jul 27, 2018  7 posts TeddyBrendon Aug 13 2018 at 14:41
I'm not so sure. I would go with a more well known broker if you are newbie

CarlosMZ

Member Since Apr 07, 2015  55 posts Carlos (CarlosMZ) Aug 15 2018 at 07:19
HappyDog1 posted:
The guy who wrote that post has only written 1 post before so they may work for the broker and are trying to dum up business.

I agree.
That 'broker' is a company registered in Dominica but is not regulated anywhere (as seen on their website and legal documents).
Also, they claim to be an NDD but offer signup and deposit bonuses which is the trademark sign for a bucket shop/market maker.

I would not trust them with a demo account, not to mention depositing any money...

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