Gopal Fx has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
After spending for about three months trying to make Gopal Fx work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Full transparency|Segregated accounts
Cons: Minor UI glitches occasionally|None so far
I opened an account with Gopal Fx for close to eighteen months ago. The platform frequently logs you out, orders fail to execute at the stated price, and when you complain they blame your internet connection. I have screenshots proving otherwise.
Pros: Customizable dashboard|Easy to use platform|Regular updates
Cons: Some tools only available on higher tiers
I have been trying to close my account with Gopal Fx for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Good mobile app|Customizable dashboard
Cons: Nothing significant
Do not believe the bonus offer from Gopal Fx. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited after doing extensive research and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Instant funding|Smooth onboarding
Cons: No dark mode on mobile
I requested my data from Gopal Fx under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: Social trading features|Market news feed|Excellent charting|Regular platform improvements
Cons: Nothing significant
The reporting at Gopal Fx is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Dedicated account manager|Portfolio tracking tools|Fast deposits|Segregated accounts
Cons: Wish they had more educational resources
After doing some research AFTER the fact (I know, I should have done this first), I discovered that Gopal Fx is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Cons: Cannot withdraw funds|Not regulated|Pressure tactics
Gopal Fx has no proper customer support. The live chat is a bot. The phone number goes to a call center that cannot access your account. Email takes two weeks. When I had a real problem they were nowhere to be found.
Pros: Fast execution|Smooth onboarding|Multi-currency support|Instant funding
Cons: Limited cryptocurrency options
I am in a dispute with Gopal Fx over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Easy to use platform|Dedicated account manager
Cons: No crypto staking
Gopal Fx advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Responsive team|Segregated accounts
Cons: Limited social trading features