No data
简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Do you want to know which is the better broker between GO MARKETS and LiteForex ?
In the table below, you can compare the features of GO MARKETS , LiteForex side by side to determine the best fit for your needs.
EURUSD:15.79
XAUUSD:32.4
EURUSD: -6.22 ~ 3.41
XAUUSD: -34.63 ~ 19.23
EURUSD:0.5
EURUSD:2.3
EURUSD:9.93
XAUUSD:19.23
EURUSD: -6.48 ~ 2.87
XAUUSD: -41.02 ~ 8.74
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 go-markets, liteforex 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:
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 |
|
|
|
|
|
|
| |
| |
|
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.
LiteForex Review Summary | |
Founded | 2004 |
Registered Country | Cyprus |
Regulated | CYSEC |
Trading Instruments | Currency, commodities, global stock indices |
Demo Account | ✅ |
Leverage | Up to 1:30 |
EUR/USD Spread | Floating around 0.6 pips |
Trading Platform | MT4, MT5 |
Copy Trading | ✅ |
Min Account Deposit | $50 |
Customer Support | Working hours: 9 a.m. - 9 p.m.(GMT +2) (Monday to Friday) |
Live chat | |
Phone: +357-25-750-555 | |
Email: support@liteforex.eu | |
Address: Liteforex (Europe) Ltd, 30 Spyrou Kyprianou, 1st Floor, Germasogeia, 4040, Limassol, Cyprus |
LiteForex is a Cyprus-registered company that provides online trading services for forex, commodities, and global stock indices markets. It is regulated by the Cyprus Securities and Exchange Commission (CYSEC) and offers two types of live accounts: ECN and Classic. LiteForex also provides demo accounts and rich educational resources for beginners. The company allows clients to deposit and withdraw funds via popular electronic transfers, bank cards, and bank wire transfers with a minimum amount of 1 USD and no extra fees.
Pros | Cons |
Many years' experience in the industry | Limited leverage ratios |
Regulated by CySEC | No 24/7 customer support |
Member of the Investor Compensation Fund | |
Various trading instruments | |
Demo accounts available | |
Tight EUR/USD spread | |
MT4 and MT5 supported | |
Copy trading offered | |
Low minimum deposit | |
Popular payment options | |
No deposit/withdrawal fees | |
Rich educational resources for beginners | |
Multiple contact channels |
Yes. LiteForex is regulated by Cyprus Securities and Exchange Commission (CySEC).
Regulatory Agency | Cyprus Securities and Exchange Commission (CySEC) |
Current Status | Regulated |
Regulated by | Cyprus |
Licensed Institution | Liteforex (Europe) Ltd |
Licensed Type | Straight Through Processing (STP) |
Licensed Number | 093/08 |
Besides, the broker says that it is a member of the Investor Compensation Fund, which enables them to guarantee that all of their client funds are insured (up to 20,000 EUR).
Tradable Instruments | Supported |
Forex | ✔ |
Commodities | ✔ |
Stock Indices | ✔ |
Cryptocurrency | ❌ |
Bonds | ❌ |
Options | ❌ |
ETFs | ❌ |
LiteForex offers a demo account for beginners to practice trading without risking real money.
For live accounts, the company provides two options: ECN and Classic.
Account Type | Minimum Deposit | Account Base Currency |
ECN | $50 | USD, EUR, GBP, PLN |
Classic | $50 | USD, EUR, GBP, PLN |
LiteForex offers a maximum leverage of 1:30, which is a commonly seen level in the forex industry. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Account Type | Spread | Commission |
ECN | Floating from 0.0 points | ✔ |
Classic | Floating from 2.0 points | ❌ |
Currency Pair | Spread (Floating) |
EUR/USD | 0.6 pips |
GBP/USD | 1.0 pips |
AUD/USD | 1.0 pips |
USD/JPY | 1.0 pips |
EUR/JPY | 0.2 pips |
LiteForex offers both MT4 and MT5 trading platforms, which are widely recognized and trusted by traders in the industry. You can download Apps for Android and iOS.
Trading Platform | Supported | Available Devices | Suitable for |
MT4 | ✔ | Windows PC, MacOS, iPhone/iPad, Androi | Beginners |
MT5 | ✔ | Windows PC, MacOS | Experienced traders |
Payment Options | Min Deposit | Commission/Fee | Deposit Time | Withdrawal Time |
Visa/MasterCard | $10 | ❌ | Instant | 3-5 days |
Bank wire transfers | $10 | ❌ | 2-5 days | 2-5 days |
Neteller/Skrill | $1 | ❌ | Instant | Instant |
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 go-markets and liteforex are, we first considered common fees for standard accounts. On go-markets, the average spread for the EUR/USD currency pair is from 0.0 pips, while on liteforex the spread is from 2.0 points.
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.
go-markets is regulated by ASIC,CYSEC,FSA. liteforex is regulated by CYSEC.
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.
go-markets provides trading platform including GO Plus+ Account,Standard Account and trading variety including Wide range of FX pairs, Shares, Indices & Commodities. liteforex provides trading platform including CLASSIC,ECN and trading variety including --.