General Information
Registered in United Kingdom, GO Capital 123 is professing to offer a series of trading services.
Per information posted on their official website, this trading brand is owned by Lancelot Equity Ltd. However, no company has been listed under this name after checking with a few company registers. What makes it worse is that GO Capital 123s official website cannot be opened for now, which makes it hard for us to dig more information.
Here is the screenshot of GO Capital 123 official website:
Regulation
GO Capital 123 was registered in Dominica Republic, and it does not hold any license to support its trading operations. Thats why we can see that it only gets a very low score of 1.44/10 on WikiFX. Please be aware of the risk.
Account Types
Both novice and experienced traders can choose from three types of trading accounts with GO Capital 123, namely Basic, Gold and Platinum accounts. However, the minimum deposit required by each account is insanely high, with the Basic accounts starting from $10,000 to start trading. no account features are presented except minimum deposits, which makes us assume that this broker is nothing but a scam.
Demo Account
When signing up with their demo accounts, we get insane results. These scam artists ensure users get over 95% successful trades. In the real trading world, it will never happen.
Leverage
Trading leverage cannot be found anywhere, but according to most regulators, the maximum leverage for major currencies up to 1:30 in Europe and Australia, and 1:50 in the United States and Canada. Since leverage can amplify both gains and losses, it can result in devastating losses for investors who lack experience. If you're just starting out in the trading world, it's best to stick with the lower size, no more than a 1:10.
Trading Platform
GO Capital 123 boasts that they provide the industry leading MT4 trading platform, but their MT4 lacks proper security features. A platform which lacks DDos and SSL Encryption is putting users at risk of being hacked.
Customer Support
Clients with any inquiry can get in touch with GO Capital 123 through calling them or send them an email. Here are some contact emails:
Telephone: +41435500220
Email: support@gocapital123.com
Risk Warning
Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.
The information presented in this article is intended solely for reference purposes.
Pros & Cons
Frequently Asked Questions
Is GO Capital 123 regulated？
No, GO Capital 123 is not regulated.
What trading instruments can I trade with on GO Capital 123？
GO Capital 123 seems to offer forex trading, cryptocurrency trading.
