GokuMarket Review 2024
Minimum
deposit:
  • $1

Trading platform:

  • Mobile Apps
  • Proprietary platform

GokuMarket Review 2024

Updated:
Updated: October 06, 2023

1.64

/

10

TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Minimum
deposit:
  • $1

Trading platform:

  • Mobile Apps
  • Proprietary platform
Trading features:
  • Trading fees vary

Summary of GokuMarket Crypto Exchange

GokuMarket is a high-risk cryptocurrency exchange with the TU Overall Score of 1.64 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by GokuMarket clients on our website, Traders Union expert Anton Kharitonov does not recommend working with this broker, as, according to reviews, most clients are not satisfied with the broker. GokuMarket ranks 184 among 173 companies featured in the TU Rating, which is based on the evaluation of 100+ criteria.

NOTE!

If you are planning to trade cryptocurrencies, and not just keep your savings in crypto wallets, we recommend that you choose one of the top brokers with reliable regulation and access to trading crypto CFDs. This type of trading will help you avoid holding your cryptocurrency in e-wallets of exchanges, which quite regularly get hacked. Also, availability of leverage will allow you to trade crypto CFDs for amounts much higher than your deposit.

Traders Union experts recommend considering Top 3 companies from our rating:

Start Trading with RoboForex
Your capital is at risk.
Editorial Note: We are unable to verify the validity of reviews and publish all reviews, both positive and negative, in accordance with the Users Reviews Policy.

GokuMarket is a cryptocurrency exchange registered in Hong Kong in 2019. The exchange offers a convenient web platform and mobile apps to buy, sell and trade 75 cryptocurrencies. Due to the launch of AI Bot, the GokuMarket crypto exchange faced some financial issues. Prior to that, over 1 million users across the globe used its services. To protect clients’ funds, the management of the exchange entered into a partnership with ByteX. By the end of 2022, GokuMarket will become a part of this international licensed exchange headquartered in Canada.

💰 Account currency: Fiat money and cryptocurrencies
🚀 Minimum deposit: $1
⚖️ Leverage: Up to 1:3 (Coming Soon)
💱 Spread: 0.09%-0.15%
🔧 Instruments: Cryptocurrencies
💹 Margin Call / Stop Out: No

Evaluation of the most influential parameters of GokuMarket

User Satisfaction Customer Satisfaction Score (CSAT) is a unique metric of Traders Union based on the analysis of user reviews posted on pages of each broker profile by the visitors of our website from all around the world. We have been collecting these broker reviews for over 13 years, and therefore, we know and understand the level of customer satisfaction with a specific brokerage company better than anyone else.

0.66

/10

Commissions and fees This parameter comprises a comprehensive analysis of all commissions and fees charged by a brokerage company, including trading and deposit/withdrawal fees. Also specific fees, for example the inactivity fee, are taken into account in the final score for the fees. Users can find detailed fees charged by a company in the broker’s profile.

2.75

/10

Trading instruments For this parameter, we evaluate the number of trading assets a broker offers access to in each group of financial instruments. We analyze the quotes a broker offers on Forex pairs, metals, indices, commodities, stocks, and cryptocurrencies. This parameter also includes evaluation of broker’s investment programs, for example access to copy trading, which we regard as an additional type of a trading instrument.

2.53

/10

Brand popularity Traders Union experts are confident that brand awareness mostly fully reflects the real state of affairs in a company – the more popular the broker, the more people trust it. The score for this indicator is based on the data analysis of such services as Ahrefs and SemRush, which show how often a company’s brand is searched on Google. In addition, indicators of the SimilarWeb service, which show the approximate number of visitors of the broker’s website, are also taken into consideration. We also review disclosed official reports of brokers, which allow for evaluating their client base.

2.69

/10

Customer support The score of this parameter is based on the number of available communication channels of a company’s support service. The quicker and easier it is to contact the broker’s support, the higher the score. We check every available support channel, test the speed of processing of requests and completeness of provided information through several interactions.

3.05

/10

Education This parameter provides an evaluation of a company’s capacity to work with beginners. Only quality training and provision of full and unbiased information can help novice traders and investors minimize the risks of losing money, even when working with top-ranked companies. Brokers with useful educational and informational tools, including webinars, tutorials, podcasts and articles, receive higher scores.

3.27

/10

Geographic Distribution of GokuMarket Traders

Popularity in

29.2%
FR
France
13.7%
TH
Thailand
12.2%
PH
Philippines
6.4%
EC
Ecuador
6%
CO
Colombia
6%
BR
Brazil
40.5%
Others
Others

User Satisfaction i

2 comments
Total score:
4 /10

Share your experience

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Dmitriytet
1 year ago

The GokuMarket exchange has practically no advantages over other companies. I don't think it's worth opening an account for the GMC token. It is difficult to work with other assets. Even with the underlying assets, the returns are very weak, very low interest rates. As for trading, I don’t consider the GokuMarket exchange at all. I trade through another exchange.

Avatar
Avatar
Martinosin
1 year ago

I still trade through GokuMarket, but there is a great desire to open an account with any other broker. Within a few months, the yield not only fell, but became negative. I gave more than one chance to the broker to improve, but apparently this is not the right company...

Expert Review of GokuMarket

GokuMarket is an exchange for active cryptocurrency traders and passive investors interested in earning profit without actually trading. The functional mobile apps and web platform offers the instant buy & sell option for 17 cryptocurrencies with other digital coins or one of 8 fiat money.

The trading platforms also offer the Convert feature, an interface for converting cryptocurrencies. There are 17 coins that can be converted into other digital assets or euros. The fees for instant buy, sell and conversion of currencies are identical. The funds can be deposited and withdrawn using debit/credit cards or cryptocurrencies. Also MoonPay and Mercuryo can be used to buy and sell assets. These are third-party payment systems that charge additional transaction fees.

The LaunchPad portal allows users to work with the initial exchange offerings (IEO). There is the Advanced menu for spot trading, featuring over 50 indicators, TradingView charts, 13 time frames and drawing tools. At the moment, GokuMarket users can only set Limit orders. The exchange has promised to add Market orders and margin trading in the near future.

Anton Kharitonov

Anton Kharitonov

Financial expert and analyst at Traders Union

Dynamics of GokuMarket’s popularity among
Traders Union’s traders, according to 2023 data

Logo TU
20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
Jan.
Feb.
Mar.
Apr.
May.
Jun.
Jul.
Aug.
Sep.
Oct.
Nov.
Dec.

Investment Programs, Available Markets, and Products of the Crypto Exchange

You don’t have to trade on your own to earn money on GokuMarket. The exchange offers solutions for investors interested in passive income. There are algorithmic trading and staking options. GokuMarket also offers affiliate programs for different categories of clients.

Staking and AutoBots — passive income instruments

Traders can hold certain tokens in their wallet on the GokuMarket exchange and earn a percentage yield after a fixed period of time. A total of 13 cryptocurrencies are available for staking, including the governance token GMC. The minimum investment amount for GMC is $20, for other cryptocurrencies - $100. The available staking periods are 1-12 months, but the longer an investor holds the coins, the higher the percentage yield.

Variable APY on some assets:

  • XRP — 1%-3%;

  • USDT — 7%-9%;

  • GMC — 11%-13%;

  • TROY — 8%-15%;

  • MTC — 14%-16%.

The exchange also offers a wide choice of ready-made bots for algorithmic trading. Once a trader pays for a subscription, the trades are performed in accordance with the chosen strategy. The minimum subscription fee is $180 for 90 days. You get a 25% discount if you subscribe for 180 days, a 39% discount – for 270 days, and 50% if you subscribe for 12 months.

Important!

If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.

GokuMarket’s affiliate program

  • Retail traders can earn passive income on the affiliate program. For each verified referral who passed KYC, a partner receives a reward of 10 GMC. If a connected trader trades cryptocurrencies and shops online, the partner gets 55% of the referral’s fees.

GokuMarket also offers a marketing partnership and business solutions for companies:  Local Ambassador program and Business Unit program.

Trading Conditions for GokuMarket Users

There is no minimum deposit requirement for the majority of cryptocurrencies on the GokuMarket exchange. The exceptions include the following: 30 DAI, 40 000 PCPI, 1 TRX, 30 TUSD, 30 USDC, and 30 USDP. For Tether, the minimum deposit depends on the protocol: 0 USDT for TRC 20, 1 USDT for Binance Smart Chain — 1 USDT, and 30 USDT for ERC 20.

$1

Minimum
deposit

1:3

Leverage

24/7

Support

💻 Trading platform: Proprietary platform, mobile apps
📊 Accounts: Standard
💰 Account currency: Fiat money and cryptocurrencies
💵 Replenishment / Withdrawal: Visa/Mastercard cards, cryptocurrencies, Mercuryo, MoonPay
🚀 Minimum deposit: $1
⚖️ Leverage: Up to 1:3 (Coming Soon)
💼 PAMM-accounts: No
📈️ Min Order: No
💱 Spread: 0.09%-0.15%
🔧 Instruments: Cryptocurrencies
💹 Margin Call / Stop Out: No
🏛 Liquidity provider: No
📱 Mobile trading: Yes
➕ Affiliate program: Yes
📋 Orders execution: Limit (VTC, IOC, POST), Market (Coming Soon)
⭐ Trading features: Trading fees vary
🎁 Contests and bonuses: Promo codes, cash back for online purchases through GokuMarket user account

Broker comparison table of trading instruments

GokuMarket Bybit OKX XT.com Binance CoinEx
Forex No No No No Yes No
Metalls No No No No No No
Crypto Yes Yes Yes Yes Yes Yes
CFD No No No No No No
Indexes No No No No No No
Stock No No No No No No
ETF No No No No No No
Options No No No No No No

GokuMarket Commissions & Fees

Information
Each client of the exchange is assigned a level from G0 to G10. It depends on the 30-day trading volume and the number of GMC held in the traders’ wallet. The higher the level, the lower the fees. The fees for instant buy & sell and conversion of cryptocurrencies into euros or other digital currencies are 0.25%-0.15% of the transaction amount. The fees for spot trading vary from 0.15% to 0.09%. The exchange charges zero deposit fee both on deposits in fiat and digital assets. The fee on withdrawal of cryptocurrencies by the phone number is not charged. The withdrawal fee to external wallets vary within 0.001 BTC, 0.01 LTC, 0.001 BCH, 0.01 DASH, 0.0064 ETH.
Account type Spread (minimum value) Withdrawal commission
Standard From $1.2 for a $1,000 trade Yes

The table below shows a comparison of Gokumarket fees with the fees of popular crypto exchanges. It shows which exchange offers the best trading conditions to traders.

Broker Average commission Level
GokuMarket $1.2 Low
Binance $6 Medium
Bybit $20 High
Logo GokuMarket
$1.2
$6
$20

Contacts

Foundation date 2019
Registration address Sheung Wan, Hong Kong
Contacts
All information posted on the Traders Union website is based on reliable and objective data. We have combined our 10 years’ experience in the financial sector and the feedback of our customers to provide you with a true picture of the best forex companies in the market. Detailed information about our methodology.

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FAQs

Do reviews by traders influence the GokuMarket rating?

Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about GokuMarket you need to go to the broker's profile.

How to leave a review about GokuMarket on the Traders Union website?

To leave a review about GokuMarket, register on the Traders Union website or you can also leave a review through Facebook.

Is it possible to leave a comment about GokuMarket on a non-Traders Union client?

Anyone can leave feedback about GokuMarket on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.

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