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  3. XM vs GO Markets – Compare brokers, review spreads, costs, commissions regulations

XM vs GO Markets

In the table above we compare FX Broker XM vs FX BrokerGO Markets .This is a very important step before starting to trade on the currency markets as by choosing the wrong broker could get you stuck or even put of trading in the currency markets.
Five major things to look out for are:

1. Compare Regulations: XM vs GO Markets
Is Broker GO Markets regulated or is Broker GO Markets regulated?
Compare XM vs GO Markets and find out who is regulated and where.
In the event XM or GO Markets goes bankrupt, the different regulators can help you recover sums up to 100,000 USD. Obviously this depends on who regulates XM, and who regulates GO Markets

2. Compare Account types: XM vs GO Markets
Every body has different needs, who is looking for an ECN forex account and who is simply looking for a market maker. Compare XM vs GO Markets in the table above and find out what type of accounts do they offer (DMA-STP, ECN-STP, STP, Market maker), what leverage they offer(between 1:100 and 1:2000), do your forex strategies require a Metatrader 4(MT4), do you need a demo account, have you downloaded an EA and would like to test it on XM’s demo account or GO Markets ‘s demo account? Do you neem direct market access or need to access XM’s API or GO Markets’s API?
What initial deposit is XM asking for and what initial deposit is GO Markets asking for?

3. Currency Pairs Offered
Do you trade the usual currency pairs or do you need a greater number of exotic currencies, compare XM vs GO Markets and see who offer more or less currency pairs.

4. Customer Service
One of the most important aspects is XM’s customer service vs GO Markets’s customer service. As if you have an issue you would like to speak or chat to someone immediately.

5. Trading Platform
The trading platform is also extremely important as you will spend a lot of time on XM’s FX trading platform or GO Markets’s currency trading platform. try different platforms top see which one you like, the most popular on the forex market is MT4 or Metatrader 4, but there are many other platforms like Metatrader4 ECN, MT5 or Currenex. Compare XM vs GO Markets and see who offers 4 digits or 5 digits pricing, which of the two allows experts advisors on the MT4.
Not to forget to compare XM’s fees vs GO Markets ‘s fees.
For those that a different style of trading, compare XM vs GO Markets to see who offers, Mirror Trader, ZuluTrade, or Signal Trader

If you would like to trade with your IOs or windows mobile platform compare XM vs GO Markets and see who offers a platform for your apple, android or tablet and where to download the app to FX trade with either XM or GO Markets

For any further questions feel free to comment below. If you would like to leave a review of XM or review GO Markets, feel free to do so too.

 

 

Product Name

XM

GO Markets

Product Image XM GO Markets
Price
Our Rating 5.0 5.0
Brand FX Brokers FX Brokers
Category Forex Broker Forex Broker

Broker

XMGO Markets
Broker Type Market maker DMA/STP
Broker Country Cyprus Australia
Regulation CySEC, FCA UK, ASIC, BaFIN, CNMV Spain, AFM Netherlands, FI Sweden, FIN Finland and other ASIC
Indipendant Broker Independent broker. Independent broker.
Year in Industry 2009 2006
International Offices New Zealand

Account

XMGO Markets
Accept US Clients Yes Yes
Mini account deposit $5 $200
Standard account deposit $5 $200
ECN account deposit $1000
Trading account currency USD Account, EUR Account, GBP Account, JPY Account, CHF Account, AUD Account, HUF Account, PLN Account, RUB Account USD Account, EUR Account, GBP Account, AUD Account, NZD Account, SGD Account
Leverage Account 888:1 Standard Account 300 : 1 Standard Account
Minimal size lot 0.01 lot 0.01 lot
Leverage Mini account Mini Account, Standard Account Mini Account, Standard Account, ECN Account

Payments

XMGO Markets
Funding method Bank Wire, Credit Card, Neteller, Skrill, WebMoney, Western Union, MoneyGram, China UnionPay, SOFORT, Ideal, Paysafecard, QIWI, CashU, Giropay, Przelewy24, FasaPay Bank Wire, Credit Card, Debit Card, Skrill, PayPal, BPAY, China UnionPay
Withdrawal method Bank Wire, Credit Card, Debit Card, WebMoney, Skrill, Neteller, QIWI, FasaPay Bank Wire, Credit Card, Debit Card, Skrill, PayPal, BPAY, China UnionPay

Costs

XMGO Markets
Commissions no no - Mini & Standard account
Costs & Spreads variable variable
Costs/Lowest spreads on EURUSD 1 pips 1.2 pips Mini account

Trading

XMGO Markets
Premium trading Expert trading guidance no
Scalping yes yes
Hedging
EAs allowed yes yes

Platform

XMGO Markets
Trading platform type MT4 Desktop/Mobile/iOS/Android/BlackBerry, Web Trader MT4 (ECN), MT4 Desktop/Mobile/iOS/Android/Mac, Web Trader, Go MT4 Community (social trading), MetalDesk
Platform time zone GMT+2 GMT+3
Decimal pricing 5 digits 5 digits
Trailing stops Trailing Stoploss Trailing Stoploss
OCO orders No OCO orders No OCO orders
One click One click trading One click trading
Mobile trading
Webtrading
API Solutions

Products

XMGO Markets
Currency pairs 56 fx pairs (20+ exotic) 25 fx pairs
Exotic Pairs Exotic Forex Pairs
Gold Silver Gold, Silver Gold, Silver
CFD Trading CFD trading CFD trading
Other instruments Stocks, Indices, Commodities, Energies Indices, Commodities, Energies

Other

XMGO Markets
MAM PAMM LAMM MAM MAM/PAMM/LAMM
Managed Accounts No No
Swap free accounts Yes No
Segregated client accounts

Promotions and Offers

XMGO Markets
Bonuses (T&Cs apply) Yes Yes
Contests Yes No