What Account Types and Fees Does GODO Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Standard Account |
Beginners and all forex traders |
Commission-free, low minimum deposit |
Suitable for starting with lower capital |
| Professional Account |
Experienced traders |
Competitive spreads, high leverage |
Requires higher initial deposit and trading experience |
| Cents Account |
Novices and risk-averse traders |
Low risk, displayed in cents |
Ideal for practice and testing strategies |
| Copy Trading Account |
Traders interested in automated strategies |
Access to social trading features |
Requires minimum deposit |
| Zero Account |
High-frequency traders |
Ultra-low spreads, commission applicable |
Requires significant capital |
Account Opening Process
To open an account with GODO, follow these steps: Start by visiting the GODO website and selecting the registration option. You will need to provide personal information, including your full name, email address, and a secure password. After submitting this information, you will be required to agree to the terms of service and privacy policy. An email verification link will be sent to you, which must be clicked to confirm your email address. Following this, you will need to upload identity verification documents, such as an ID and proof of address, to comply with KYC regulations. Once your identity is verified, you can log in to your account and select your preferred account type. GODO allows for account flexibility, meaning you can upgrade to a professional account later if you meet the necessary criteria.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (Major Pairs) |
From 1.2 |
Zero |
Competitive for all types |
| Forex (Minor Pairs) |
Varies |
Zero |
Depends on market conditions |
| CFDs (Stocks, Indices, Commodities) |
Varies |
Variable depending on asset |
Transparent pricing |
| Cryptocurrencies |
Varies |
Variable |
Market-driven spreads |
Other Fees
GODO may charge various fees related to trading, including deposit and withdrawal fees, which can vary depending on the payment method used. Inactivity fees may apply if accounts are dormant for an extended period. Additionally, traders should be aware of potential overnight interest (swap rates) incurred on positions held overnight. Currency conversion fees might also be applicable for transactions involving different currencies.
