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Do you want to know which is the better broker between AGEA and GO MARKETS ?
In the table below, you can compare the features of AGEA , GO MARKETS side by side to determine the best fit for your needs.
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EURUSD:15.79
XAUUSD:32.4
EURUSD: -6.22 ~ 3.41
XAUUSD: -34.63 ~ 19.23
You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction。
2.Are the transaction costs and expenses of agea, go-markets lower?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
Note: This company has been voluntarily dissolved.
Aspect | Information |
Company Name | AGEA |
Registered Country/Area | Montenegro |
Years | 5-10 years |
Regulation | Unregulated |
Market Instruments | CFD |
Account Types | Standard and Cent |
Minimum Deposit | USD 100 |
Maximum Leverage | 1:100 |
Trading Platforms | Streamster and MetaTrader 4 |
Customer Support | Live Support, Phone: +382 (20)664-320 and +382(20)664-320, and Email: support@agea.com |
Deposit & Withdrawal | Bank Wire Transfer, Credit/Debit Cards, E-wallets, and Local Payment Methods (Sofort Banking (Germany) and iDEAL (Netherlands)) |
Educational Resources | Latest News |
AGEA, a financial services company, has been operating in the trading industry for 5-10 years. Based in Montenegro, the company provides trading opportunities primarily through Contracts for Difference (CFDs). Despite its years in the industry, AGEA operates in an unregulated environment, meaning it may not be subject to oversight by financial regulatory authorities.
Traders can choose between two types of trading accounts: Standard and Cent. With a minimum deposit requirement of USD 100. The company offers a maximum leverage of 1:100.
AGEA provides traders with two trading platforms: Streamster and MetaTrader 4. Additionally, traders can access live support for real-time assistance with any inquiries or issues they may encounter.
In terms of funding options, AGEA supports various deposit and withdrawal methods, including bank wire transfer, credit/debit cards, e-wallets, and local payment methods such as Sofort Banking (Germany) and iDEAL (Netherlands).
For educational resources, AGEA provides the latest news to keep traders informed about market developments and trends.
AGEA operates as an unregulated trading platform. Unregulated financial institutions are not bound by the rules and regulations designed to protect consumers' interests. This leaves customers vulnerable to various risks such as fraud, mismanagement of funds, and unfair treatment.
Pros | Cons |
Experienced Institution | Unregulated |
Account Variety | Limited Educational Resources |
Low Minimum Deposit | Higher Risk |
Multiple Trading Platforms | Potential for Longer Dispute Resolution |
Different Deposit/Withdrawal Options | Limited Market Instruments |
Pros:
Experienced Institution: With 5-10 years of industry experience, AGEA brings a solid foundation and understanding of the trading landscape.
Account Variety: AGEA offers a variety of account types, including Standard and Cent accounts.
Low Minimum Deposit: The minimum deposit requirement of USD 100 makes trading accessible to individuals with varying capital sizes.
Multiple Trading Platforms: AGEA provides traders with a choice of trading platforms, including Streamster and MetaTrader 4.
Different Deposit/Withdrawal Options: AGEA supports various deposit and withdrawal methods, including Bank Wire Transfer, Credit/Debit Cards, E-wallets, and Local Payment Methods, providing flexibility and convenience to traders.
Cons:
Unregulated: One significant drawback of AGEA is its unregulated status, consumer protection and the security of funds may be concerning.
Limited Educational Resources: AGEA may lack comprehensive educational resources to help traders improve their skills and knowledge, potentially hindering traders' ability to make informed decisions.
Higher Risk: The unregulated nature of AGEA introduces a higher level of risk for traders, as there may be fewer safeguards in place to ensure the stability and security of the financial institution.
Potential for Longer Dispute Resolution: Resolving disputes with AGEA may be more challenging and time-consuming due to the lack of regulatory oversight, leading to delays and frustrations for traders seeking resolution.
Limited Market Instruments: While AGEA offers CFD trading across various asset classes, it may have fewer market instruments compared to some other brokers, limiting trading opportunities for certain traders.
AGEA offers Contract for Difference (CFD) instruments as part of its market offerings. CFDs are derivative financial products that allow traders to speculate on the price movements of various underlying assets, without actually owning the assets themselves.
With CFDs, traders can take positions on a wide range of financial instruments, including currencies, indices, commodities, and cryptocurrencies. This flexibility enables traders to diversify their portfolios and capitalize on market opportunities across different asset classes.
AGEA offers two distinct account types: Standard and Cent.
For the Standard account, the minimum balance requirement is set at USD 100, ensuring accessibility for traders with varying capital levels. On the other hand, the Cent account presents a lower entry point with balances ranging from USD 6 to 5,000, ideal for those starting with smaller amounts.
Both account types share identical leverage options, ranging from 1:1 to 1:100, initially set at 1:100. This flexibility allows traders to adjust their positions relative to their capital, amplifying their potential gains or losses accordingly.
Neither account type imposes commissions, providing traders with a cost-effective trading environment. Additionally, trade sizes are consistent across both accounts, ranging from 1,000 to 100,000 units, enabling traders to execute trades according to their strategies and risk preferences.
Account Type | Standard | Cent |
Balance Limits | Minimum USD 100 | USD 6 - 5,000 |
Leverage | 1:1 - 1:100 (initially 1:100) | 1:1 - 1:100 (initially 1:100) |
Commissions | None | None |
Trade Sizes | 1,000 - 100,000 | 1,000 - 100,000 |
Opening an account with AGEA is a straightforward process that can be completed online in a matter of minutes. Here's a breakdown of the steps involved:
Visit the AGEA website and click “Open Account.”
Fill out the online application form: The form will request your personal information Be sure to have your identification documents (passport or ID card) and proof of address handy for uploading.
Fund your account: AGEA offers various deposit methods, including bank transfers, credit/debit cards, and e-wallets. Choose your preferred method and follow the instructions to complete the deposit.
Verify your account: Once your account is funded, you'll need to verify your identity and address. This typically involves submitting scanned copies of your ID documents and proof of address.
Start trading: Once your account is verified, you're ready to explore the AGEA trading platform and start making trades.
Withdrawal by Wire Fee - $10.00: This fee is applicable when you make a withdrawal transaction through bank wire transfer. We charge $10.00 for each withdrawal processed via wire transfer.
Withdrawal by Electronic Money Fee - $7.00: For withdrawals processed through non-wire processors, such as electronic money services, we charge a fee of $7.00 per transaction.
Inactivity Fee (SUSPENDED) - $30.00 per Month: Please note that the Inactivity Fee of $30.00 per month, which applies for each 1-month period without account activity, is currently suspended. We'll notify you in advance if there are any changes to this policy.
Streamster: Streamster is a user-friendly trading platform suitable for traders of all levels. Streamster stands out with its unique international multi-channel chat, allowing traders to discuss market trends and receive real-time customer support. It also seamlessly integrates live and virtual trading desks within a single account, ensuring consistency between demo and live trading experiences. With no balance limits or commissions, Streamster covers Crypto, Currency, Index, and Commodity CFDs, operating from Sunday 22:15 to Friday 21:00 GMT, and offers leverage ranging from 1:10 to 1:100.
MetaTrader 4 (MT4): MetaTrader 4 (MT4) is a customizable trading platform designed for proficient traders. It provides tools for price analysis, trade execution, and automated trading through Expert Advisors (EAs). MT4 offers various chart timeframes and built-in indicators for technical analysis. With its proprietary programming language, MQL4, traders can develop custom EAs tailored to their strategies. Supporting currency, index, and commodity CFDs, MT4 operates within the same trading hours as Streamster. Margin interest, execution types, and position limits vary between standard and cent accounts on MT4, providing flexibility for traders with different risk levels. Additionally, MT4 supports multiple account currencies, enhancing accessibility for global traders.
AGEA offers a range of deposit and withdrawal options including Bank Wire Transfer, Credit/Debit Cards, E-wallets, and Local Payment Methods such as Sofort Banking (Germany) and iDEAL (Netherlands).
Bank Wire Transfer: Traders can securely transfer funds to and from their AGEA accounts using bank wire transfers, providing a traditional and reliable method for depositing and withdrawing funds.
Credit/Debit Cards: AGEA accepts major credit and debit cards, offering a convenient and widely used method for instant deposits and withdrawals, facilitating seamless transactions for traders.
E-wallets: Traders can utilize various e-wallet services to deposit and withdraw funds from their AGEA accounts, providing a fast, secure, and convenient payment solution for managing their trading accounts.
Local Payment Methods (Sofort Banking and iDEAL): AGEA supports local payment methods such as Sofort Banking (Germany) and iDEAL (Netherlands).
Customer support at AGEA is comprehensive and easily accessible, ensuring traders receive assistance whenever needed.
Live Support: Traders can engage with AGEA's support team in real-time through the Live Support feature, allowing for immediate assistance with any inquiries or issues.
Phone Support: AGEA provides phone support through two contact numbers: +382 (20)664-320 and +382(20)664-320. Traders can directly reach out to speak with a representative for personalized assistance.
Email Support: For non-urgent inquiries or detailed requests, traders can contact AGEA's support team via email at support@agea.com. This allows for thorough communication and resolution of queries.
AGEA offers valuable educational resources through its Latest News section, keeping traders informed about important developments and events. This section provides updates on various company announcements and actions, including notices to shareholders, invitations to general meetings, updates on voluntary dissolution procedures, and more.
By staying updated with the Latest News, traders can gain insights into the company's operations, corporate decisions, and regulatory compliance. This information can help traders make informed decisions and stay ahead of market trends.
Here are some examples of educational resources provided by AGEA through its Latest News section:
Notice to Shareholders on the Payment of Dividends: Traders can learn about dividend payments and their impact on the company's financial performance.
Invitation to General Meetings: Traders can stay informed about upcoming general meetings and participate in discussions regarding company matters.
Update on Voluntary Dissolution: Traders can understand the implications of voluntary dissolution procedures and how they may affect the company's future operations.
In conclusion, AGEA has its ups and downs:
On the positive side, AGEA has solid experience in trading, offering various account types and a low minimum deposit of USD 100, making it accessible to traders.
But there are drawbacks to consider. AGEA operates without regulation, which might worry some traders about the safety of their funds. Plus, their educational resources are limited, which could affect traders' success. The lack of regulation also means there's more risk involved, and resolving disputes may take longer.
Question: What documents do I need to provide to verify my account?
Answer: To verify your account, you'll need to provide a copy of your identification document (such as a passport or driver's license) and proof of address (such as a utility bill or bank statement).
Question: What trading platforms does AGEA offer?
Answer: AGEA offers two main trading platforms: Streamster and MetaTrader 4 (MT4). Streamster is user-friendly and suitable for traders of all levels, while MT4 is more advanced and customizable, ideal for experienced traders.
Question: How can I deposit funds into my AGEA account?
Answer: You can deposit funds into your AGEA account using various methods, including bank wire transfer, credit/debit cards, e-wallets, and local payment methods such as Sofort Banking and iDEAL.
Question: What is the minimum deposit required to open an account?
Answer: The minimum deposit required to open an account with AGEA is USD 100. This ensures accessibility for traders with varying capital levels.
Question: Does AGEA offer educational resources for traders?
Answer: Yes, AGEA provides educational resources to help traders improve their skills and knowledge. These resources include articles, tutorials, webinars, and market analysis tools.
Question: How can I contact AGEA's customer support?
Answer: You can contact AGEA's customer support team through live chat, phone (+382 (20)664-320), or email (support@agea.com). Our support team is available to assist you with any inquiries or issues you may have.
GO Markets is an Australia-based Forex and CFDs broker founded in 2006, providing 1000+ tradable CFD instruments including forex, shares, commodities, indices, metals, and treasuries. GO Markets is regulated by the ASIC in Australia, the CySEC in Cyprus, and the FSA (Seychelles).
GO Markets is one of the first Australian MetaTrader 4 brokers, later on, it added MetaTrader 5, WebTrader, cTrader and mobile apps to its suite of services. The broker is well known for its strict compliance and competitive spreads.
Broker | GO Markets |
Founded | 2006 |
Registered | Australia, Cyprus, Mauritius, Seychelles |
Regulation Status | ASIC, CYSEC, FSA (Offshore) |
Market Instruments | Forex CFDs, Share CFDs, Index CFDs, Metals CFDs, Cryptocurrency CFDs, Commodity CFDs and Treasury CFDs |
Demo Account | ✔ |
Maximum Leverage | 1:500 |
Minimum Spread | From 0.0 pips |
Tading platform | MT4, MT5, cTrader, Go WebTrader, Mobile Trading |
Social Trading | ✔ |
Minimum Initial Deposit | $200 |
Customer Service | 24/7 - live chat, contact form, phone, email |
Pros | Cons |
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GO MARKETS is an online forex brokerage company that is regulated by multiple regulatory bodies including ASIC, CYSEC, and FSA.
Regulated Country | Regulated Authority | Regulated Entity | License Type | License Number |
ASIC | GO MARKETS PTY LTD | Market Making (MM) | 254963 | |
CYSEC | Go Markets Ltd | Market Making (MM) | 322/17 | |
FSA | Go Markets International Ltd | Retail Forex License | SD043 |
With Go Markets, clients can easily trade with over 1,000 products, covering Fore, Shares CFDs, Indices, Metals, Commodities, and Treasury. However, this broker does not trading on some other popular asssets like Futures, options, or ETFs.
Tradable Assets | Supported |
Forex Pairs | ✅ |
Shares CFDs | ✅ |
Indices | ✅ |
Metals | ✅ |
Commodities | ✅ |
Treasury | ✅ |
Futures | ❌ |
Options | ❌ |
ETFs | ❌ |
The broker offers two account types Standard and GO Plus Accounts with the flexibility to manage the trading way and choose the best fit. So there is an option between a Standard trading proposal based on spread charges and access to a true ECN environment via GO Plus+ specifically designed through light-fast technology.
The Standard account caters to traders seeking accessibility, requiring a minimum deposit of $200 and offering leverage up to 500:1 across forex, metals, commodities, and indices markets. Conversely, the Pro account is geared towards more experienced traders, demanding a higher minimum deposit of $300 while providing the same leverage and instrument range as the Standard account. Notably, the account can be only opened USD.
Notably, the GO Plus+ account supports 9 different base currencies including AUD, GBP, EUR, NZD, USD, SGD, CHF, CAD, HKD.
GO Markets Leverage depends on the entity you have an account with since leverage falls under certain regulations. International Traders can access high-leverage ratios. For forex trading, GO Markets Pty Ltd, Mauritius (FSC regulated) offers generous leverage up to 1:500.
Apart from offering one of the best spreads for the products suite, GO Markets is also the most competitive in terms of holding costs or overnight swaps. GO Markets offers Swap-Free Accounts to traders available on the Standard and GO Plus+ accounts on Meta trader platforms. GO Markets Swap-Free account is available to legitimate holders who are Muslim and cannot use “swaps” due to their religious belief.
Further, the GO Plus Account is already a choice for advanced traders or those whose strategy requires it as spreads from 0.0 pips and trading costs inbuilt in the commission as low as $2.5 per side.
GO Markets spreads are aggregated from 22+ Tier 1 and 2 liquidity providers making them go as low as 0.0 pips. The GO Markets average spreads for Standard and GO Plus+ accounts are listed on their page. However, the data is provided for general information only and is taken over a one-month period. Prices shown may vary. For instance, see below a comparison of the Standard spread offering, as well as your comparing fees to another popular broker.
Besides, always consider overnight fee as a cost, also known as Rollover rate or interest for holding positions open overnight.
In terms of trading platform suppored, GO Markets offers a robust suite, which makes it stands tall among most brokers. MetaTrader 4 and 5 platforms provide advanced charting tools, expert advisors, and VPS options. The user-friendly cTrader platform enables advanced customization and order capabilities. Copy trading solutions like MetaTrader Copy Trader and cTrader Copy Trading allow following successful traders' strategies. Mobile trading apps for Android and iOS ensure access on-the-go. The GO WebTrader offers a web-based MT4 and MT5 experience without downloads.
Platforms | GO Markets |
MetaTrader 4 | ✅ |
MetaTrader 5 | ✅ |
Mobile Trading Platforms | ✅ |
cTrader | ✅ |
Go WebTrader | ✅ |
WebTrader | ❌ |
Additionally, GO Markets offers the following trading tools to enhance trading experience:
GO Markets offers free deposits through various payment methods, including Mastercard, Visa, Skrill, Neteller, and bank/wire transfers. These options support multiple currencies like AUD, USD, GBP, EUR, and others, serving traders across different regions.
Generally, GO Markets enables free internal withdrawals. However, withdrawals to non-Mauritian banking institutions may incur fees from intermediary banks and the recipient's bank. Withdrawal requests received before 7 AM MUT are processed the same day, while later requests are handled the next business day. All withdrawals are processed back to the original funding source for security. While GO Markets ensures a seamless withdrawal process, external fees from third-party banks may apply in certain cases.
24/7 - live chat, contact form
Phone: +230 5869 0074 (International)
Email: support.mu@gomarkets.com, newaccounts.mu@gomarkets.com
Head Office: Level 7 Office 12, ICONEBENE Lot B441, Rue de LInstitut Ebene
And of course, since novice traders always pass through great challenges while exploring trading opportunities, GO Markets provide the educational materials and research resources necessary to perform seamless trading. Eventually, GO Markets educational programs and its GO Markets Academy are numerously award-winning materials that are defined by all levels of traders and available for Free use.
So in GO Markets Academy and Education Centre, you will find Forex trading learning courses, Video Tutorials, also Tutorials and regularly held Seminars and Webinars in various languages. Also, Demo Account is offered for free use with no limits where beginners can place their strategy at the test or see GO Markets environment.
As for the Research tools, besides very comprehensive research inbuilt into Metatrader 4 platform, GO Markets also cooperates with Autochartist and Trading Central providers so you can use its free trading signals and ideas for your benefit. Besides, thousands of MetaTrader 4 & 5 Add-ons remain at your suite which is defined by the instrument and specified criteria, where also you may use the great tool MT4 Genesis.
Is Go Markets legit?
Yes, Go Markets operates legally, and it is regulated in three different jurisdications globally.
Is demo trading available at Go Markets?
Yes. It offers risk-free demo accounts.
Does Go Markets offer MT4/5?
Yes. Both MT4 and MT5 are available.
What is the minimum deposit required to open an account with Go Markets?
The minimum deposit required varies depending on the account type you choose. The Standard account requires a minimum deposit of $200, while the Pro account requires a minimum deposit of $300.
Is Go Markets a good broker for beginners?
Yes. It is a regulated broker that offers demo accounts and rich educational resources. But $200 minimum deposit requirement may be high for beginners.
Trading online carries inherent risks, including the potential loss of invested capital. It may not be suitable for all traders or investors. It's essential to understand and acknowledge these risks before engaging in online trading.
Additionally, please note that the information provided in this review is subject to change as the company updates its services and policies. The date of this review's generation is also crucial, as information may have evolved since then. Therefore, readers are encouraged to verify updated information directly with the company before making any decisions or taking action. The reader assumes full responsibility for the use of the information provided in this review.
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive agea and go-markets are, we first considered common fees for standard accounts. On agea, the average spread for the EUR/USD currency pair is -- pips, while on go-markets the spread is from 0.0.
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
agea is regulated by --. go-markets is regulated by ASIC,CYSEC,FSA.
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
agea provides trading platform including -- and trading variety including --. go-markets provides trading platform including GO Plus+ Account,Standard Account and trading variety including Wide range of FX pairs, Shares, Indices & Commodities.