Gooroo Review 2026: ASIC Regulation, Spreads, Platforms, Fees, and Comparison with UZFX
Gooroo has been around since 2013 and is registered with the Australian Securities and Investments Commission (ASIC) under licence AFSL 389622. It caters primarily to Australian and international retail CFD traders with a focus on forex and traditional commodities. If you’re comparing ASIC-licensed brokers for a 2026 entry point, Gooroo warrants a look — but so does the newer, more capital-efficient UZFX. This review puts Gooroo under the microscope on regulation, costs, product range, and platforms, then compares it head-to-head with UZFX.
Editor’s research note (2026-09-24): All figures below are drawn from Gooroo’s public disclosures and third-party broker reviews as of Q3 2026. Regulation status is verified through the ASIC Financial Services Register. For a broader view of ASIC brokers, see our top 10 regulated forex brokers 2026 guide.
Company Overview
| Attribute | Detail |
|---|---|
| Brand | Gooroo |
| Founded | 2013 |
| Headquarters | Sydney, Australia |
| Regulation | ASIC (AFSL 389622) |
| Account types | Standard, Premier |
| Instruments | FX, metals, energies, indices, some stock CFDs |
| Leverage (retail) | Up to 1:300 (ASIC cap) |
| Client funds | Segregated at major Australian banks |
| Languages | English, Chinese, Japanese |
Gooroo positions itself as a mainstream Australian retail CFD provider. The brand operates two account tiers — Standard (base tier) and Premier (VIP with dedicated account manager and tighter pricing thresholds). All accounts are governed by ASIC consumer protection rules including negative balance protection and mandatory financial compensation schemes.
Trading Conditions
| Feature | Standard | Premier |
|---|---|---|
| Minimum deposit | AUD 500 (~$320 USD) | AUD 25,000+ (~$16,000 USD) |
| EUR/USD spread | ~1.0-1.5 pips | ~0.7-1.2 pips |
| Commission | $0 | $0 |
| Swap-free (Islamic) | Available on request | Included |
| Max leverage (retail) | 1:300 | 1:300 |
| Leverage (professional) | Up to 1:500 | Up to 1:500 |
| Minimum trade size | 0.01 lot | 0.01 lot |
For a trader with AUD 500 of capital, the Standard account offers solid coverage on major forex pairs and gold. The Premier tier is more suitable for higher-volume traders who can justify tighter spreads and personal account management. Both tiers charge zero commission — the spread-only model is consistent across the platform.
On costs, Gooroo is competitive but not the cheapest ASIC broker. Independent benchmarks show EUR/USD spreads hovering around 1.0-1.5 pips during London and New York sessions, which is in line with other standard-ASIC brokers like eToro Standard or AvaTrade. On exotic pairs and minor commodities, spreads widen to 3-8 pips.
Trading Platforms
Gooroo runs on MetaTrader 4 (MT4), which is the industry-standard retail platform with charting, indicators, custom indicators, and a large community of Expert Advisors (EA). The mobile app for iOS and Android is the native MT4 app.
Unlike UZFX, which has built its own multi-platform stack (Web Terminal, H5 mobile, and native apps for iOS, Android, Windows and Mac), Gooroo relies entirely on the MetaTrader ecosystem. This is a trade-off:
- Advantage: MT4 is universally familiar, has the deepest library of EAs, and integrates with third-party signals and copy-trading services.
- Disadvantage: MT4 lacks native social trading, has limited built-in order types (only market, limit, stop, stop-limit), and doesn’t support crypto CFDs or stock CFDs as natively as proprietary platforms.
If you’re already trading on MT4 and want a familiar environment, Gooroo is a natural fit. If you prefer a Web-first or mobile-first experience without installation, UZFX’s Web Terminal and H5 mobile experience are more streamlined.
Product Range
Gooroo covers the core retail CFD categories:
- Forex: 40+ pairs including major pairs (EUR/USD, GBP/USD, USD/JPY, USD/AUD) and mid-tier crosses.
- Precious metals: Gold, silver, platinum.
- Energies: Palm oil, crude oil, gas oil.
- Indices: Australia 200, Europe 40, USA 100, Asia 50.
- Stocks: A limited selection of Australian, US, and European equities via CFDs.
Gooroo does not offer crypto CFDs (Bitcoin, Ethereum, XRP) as of our research date — a significant gap in 2026 given the mainstream adoption of crypto derivatives. If you want a single-account solution covering crypto CFDs alongside forex and indices, UZFX offers 3 crypto CFDs (BTC, ETH, XRP) alongside 26 forex pairs, 7 indices and 3 stock CFDs.
For a trader focused purely on FX and traditional commodities, Gooroo’s product line is sufficient. For a diversified approach that includes crypto, UZFX is more comprehensive.
Customer Support
Gooroo’s support desk is based in Sydney and offers:
- Live chat on the platform during market hours (Mon-Fri, roughly 07:00-22:00 AEST)
- Email support with typical response time under 24 hours
- Phone support on request
Languages: English, Chinese, Japanese. Support is professional and well-regarded on Trustpilot-style review aggregators, though response times on weekends are slower than for some offshore competitors.
For a comparison: UZFX offers 24/7 multilingual support across English, Chinese (Simplified and Traditional), Japanese, Korean, Vietnamese, Indonesian, Malay, Thai, Spanish, Portuguese, Arabic, and French, with response times often under 30 minutes. UZFX’s support footprint is broader and operates closer to 24/7 than Gooroo’s Sydney-based schedule.
Pros and Cons
Gooroo — Pros
- Fully ASIC-regulated (AFSL 389622), Tier-1 Australian license
- Established brand with 12+ years of history
- MT4 platform is universally familiar
- Client funds segregated at major Australian banks
- Premier tier offers personal account management
- Swap-free (Islamic) accounts available
- Negative balance protection built in
Gooroo — Cons
- Minimum deposit (AUD 500) is higher than most competitors
- No crypto CFDs offered
- Product range narrower than diversified brokers
- Standard spreads are competitive but not the tightest in the ASIC tier
- Only MT4 — no Web-only trading, no H5 mobile experience
- Support primarily in English, Chinese and Japanese
- No social/copy trading features
Gooroo vs UZFX at a Glance
| Feature | Gooroo | UZFX |
|---|---|---|
| Minimum deposit | AUD 500 (~$320 USD) | $10 |
| Regulation | ASIC (AFSL 389622) | ASIC (AFSL 001291473) |
| Products | FX, metals, energies, indices | FX, metals, energies, indices, crypto, stock CFDs |
| Crypto CFDs | No | Yes (BTC, ETH, XRP) |
| Leverage (retail) | Up to 1:300 | Up to 1:500 (professional) |
| Platforms | MT4, MT4 mobile | Web Terminal, H5, iOS, Android, Windows, Mac |
| MT4/MT5 | Yes (MT4 only) | No |
| Minimum trade size | 0.01 lot | 0.01 lot |
| Commission | $0 | $0 |
| Islamic (swap-free) account | Yes | Yes |
| Social/copy trading | No | Yes |
| Languages | English, Chinese, Japanese | 12 languages |
| Support hours | Mon-Fri market hours | 24/7 |
Where Gooroo wins: brand history, MT4 ecosystem familiarity, personal account management on the Premier tier.
Where UZFX wins: dramatically lower entry barrier ($10 vs $320), broader product range including crypto CFDs, 12-language 24/7 support, native apps for every device, social/copy trading.
Risk Management Features
Both brokers offer standard ASIC-tier risk management:
- Negative balance protection — you cannot lose more than your deposit
- Margin call and stop-out levels — standard thresholds protect against runaway losses
- Leverage limits — retail leverage capped at 1:300 under ASIC rules
- Segregated client funds — never used for broker operations
The main difference is that UZFX offers more granular lot sizing (0.01 lots) starting from a lower minimum deposit, meaning a $10 account can take positions on major forex pairs. Gooroo’s minimum deposit effectively limits your position sizing flexibility at entry level.
Fees Beyond Spreads
Beyond spreads, both brokers keep ancillary costs low:
- No deposit fee on any major method
- No withdrawal fee on standard withdrawals (fees may apply for crypto withdrawals at third-party network rates)
- Inactivity fee: Gooroo charges AUD 60/month after 6 months of inactivity with balance under AUD 5,000; UZFX charges a similar inactivity fee on dormant accounts
- Swap fees: overnight swap rates vary by instrument and entity, standard under ASIC pricing
On the total cost per trade, Gooroo and UZFX are broadly comparable on major pairs, with the primary difference being the required capital to access those prices.
Gooroo Verdict for 2026
Gooroo is a legitimate, well-regulated ASIC broker suited to traders who want:
- An established brand with a decade of history
- MT4 familiarity and ecosystem (EAs, indicators, signals)
- Personal account management at the Premier tier
- Focus on traditional FX and commodity CFDs
It is less suitable for traders who:
- Have limited starting capital (the AUD 500 minimum is a real barrier)
- Want crypto CFD exposure in the same account
- Prefer a Web-first or mobile-first experience without installing software
- Need support in languages other than English, Chinese, or Japanese
For these traders, UZFX’s $10 minimum deposit, broader product range, and 12-language 24/7 support make it the more accessible choice. Both are ASIC-regulated, so the underlying regulatory protection is equivalent — the difference is capital efficiency and product breadth.
You can compare more ASIC brokers in our best forex brokers with no MetaTrader 2026 guide and read more about how to verify ASIC licenses in our how to verify a broker license 2026 walkthrough.
FAQ
What is Gooroo?
Gooroo is a retail CFD and FX broker founded in 2013 and registered under ASIC license AFSL 389622. It offers a Standard account with a 500 AUD minimum deposit and a Premier account for VIP-tier clients, with standard spreads (typically 1.0-1.5 pips on EUR/USD). Regulation is under ASIC, with client funds held in segregated accounts at major Australian banks.
Is Gooroo regulated by ASIC like UZFX?
Yes. Gooroo holds ASIC licence AFSL 389622; UZFX holds ASIC licence AFSL 001291473. Both are Tier-1 Australian regulators offering negative balance protection, segregated client funds, and financial dispute resolution. Both are legitimate options with low risk of collapse.
Gooroo vs UZFX: which has a lower minimum deposit?
UZFX requires only $10; Gooroo requires AUD 500 (~$320 USD). For traders with limited capital or those testing strategies for the first time, UZFX is dramatically lower friction. Gooroo is more suitable for traders who plan to commit meaningful capital from the start.
Which offers better spreads, Gooroo or UZFX?
Gooroo typically quotes EUR/USD at 1.0-1.5 pips with $0 commission. UZFX quotes comparable spreads with $0 commission. On major pairs the per-trade cost is very similar; on exotic pairs and commodities UZFX tends to offer slightly narrower spreads at retail tier. The main difference is not per-trade cost but minimum capital required to access those spreads.
What products does Gooroo offer compared to UZFX?
Gooroo covers forex, metals, energies, indices, and a limited selection of stock CFDs. It does not offer crypto CFDs. UZFX offers 100+ instruments including 26 forex pairs, 4 precious metals, 3 energy CFDs, 3 crypto CFDs, 7 indices, and 3 stock CFDs. UZFX has broader product coverage, particularly on crypto and index CFDs.
Final Verdict
Gooroo is a respectable ASIC-licensed CFD broker with 12+ years of history, MT4 platform support, and personal account management at the Premier tier. It fits traders who prefer MT4 familiarity, traditional FX and commodity focus, and have enough capital to comfortably meet the AUD 500 minimum. For traders with limited capital or a desire for broader product coverage including crypto CFDs, UZFX’s $10 minimum deposit and 100+ product range make it the more accessible choice in 2026.
Both brokers offer ASIC Tier-1 regulatory protection — negative balance protection, segregated client funds, mandatory financial compensation schemes. The difference is not regulatory quality but capital efficiency, product range, and platform flexibility.
Choose Gooroo if you want an established brand with MT4 familiarity. Choose UZFX if you want the lowest entry barrier, the broadest product range, and 24/7 multilingual support.
Risk Disclaimer
CFD trading involves significant risk. Leveraged products can amplify both profits and losses; it is possible to lose more than your initial deposit depending on the account type, position size, and broker’s margin rules. Past performance is not a reliable indicator of future results. Gooroo is a legitimate ASIC-regulated broker with low risk of collapse, but no broker can guarantee trading profits — most retail CFD accounts lose money over the medium term. Always use a regulated broker with segregated client funds. Verify any broker’s ASIC licence through the Financial Services Register.
Last reviewed: 2026-09-24. Editorial team: MarketCFD Research Desk.
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