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Do you want to know which is the better broker between MONEX and GO MARKETS ?
In the table below, you can compare the features of MONEX , GO MARKETS side by side to determine the best fit for your needs.
EURUSD:0.9
EURUSD:-5.7
EURUSD:30.49
XAUUSD:41.06
EURUSD: -2.72 ~ 0.72
XAUUSD: -4.32 ~ 2.2
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 monex, 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:
Aspect | Information |
Registered Country/Area | Japan |
Founded Year | 1999 |
Company Name | Monex Group |
Regulation | FSA |
Minimum Deposit | Not specified |
Spreads | Not specified |
Trading Platforms | Monex Trader (Stocks & Futures), Monex Trader FX (Forex), Multiboard 500, Full Board Information Tool, Market Board, and Monex Vision |
Tradable Assets | Domestic stocks, US stocks, Chinese stocks, investment trusts, bonds, IPOs, stock lending services, ETFs, foreign exchange currency pairs, cryptocurrency CFDs, bonds, etc. |
Account Types | Not specified |
Customer Support | Email & Phone support |
Payment Methods | Instant deposit services, regular automatic deposit services, ATM deposits through Monex Saison cards, bank transfers |
Educational Tools | Financial investment information, and monthly disclosure of company information, news releases, etc. |
Monex Group, Inc. is a financial services company based in Japan. It was founded in 1999 and is regulated by the Financial Services Agency (FSA) of Japan. The company offers various trading platforms, including Monex Trader for stocks and futures, Monex Trader FX for forex trading, Multiboard 500, Full Board Information Tool, Market Board, and Monex Vision.
Monex Group provides a wide range of tradable assets to its clients. These include domestic stocks, US stocks, Chinese stocks, investment trusts, bonds, initial public offerings (IPOs), stock lending services, ETFs, foreign exchange currency pairs, cryptocurrency CFDs, and more.
The specific account types and minimum deposit requirements are not specified in the available information. However, Monex Group offers customer support through email and phone. It provides various payment methods, such as instant deposit services, regular automatic deposit services, ATM deposits through Monex Saison cards, and bank transfers.
For educational purposes, Monex Group offers financial investment information and monthly disclosure of company information, news releases, and other resources to assist traders and investors in making informed decisions.
Monex Group, represented by its licensed institution Monex Securities Inc. (マネックス証券株式会社), is a legitimate and regulated online securities company operating under the supervision of the Financial Services Agency in Japan. Since September 30, 2007, Monex Securities Inc. has held a retail forex license (License No.: 関東財務局長(金商)第165号), ensuring compliance with industry standards and regulations. The company's headquarters are located at 1-12-32 Akasaka, Minato-ku, Tokyo, and they can be contacted at 03-4323-3800. This regulatory oversight and transparency contribute to the trustworthiness and credibility of Monex Group.
Monex Group, a reputable online securities company based in Tokyo, Japan, offers several advantages and drawbacks to consider. One of its significant strengths is being FSA-regulated, ensuring a level of security and adherence to regulatory standards. Additionally, Monex Group provides a diversified range of products and services, catering to the needs of various investors. Another advantage is the availability of multiple trading platform options, allowing traders to choose the one that suits their preferences. Moreover, Monex Group supports various payment methods, enhancing convenience for clients.
However, there are a couple of downsides to be aware of. Firstly, there is no clear information regarding the minimum deposit requirement, which may pose a challenge for potential investors. Secondly, the customer support provided by Monex Group is considered average, and some clients may have higher expectations in terms of responsiveness and assistance. Overall, Monex Group offers a regulated and diverse investment environment but could improve certain aspects like providing more transparent deposit information and enhancing customer support.
Pros | Cons |
FSA-regulated | No clear Minimum deposit info |
Diversified range of products & services | Relatively high fees for some products |
Multiple trading platform options | Limited languages support |
Various payment methods | No specific information on account types, leverage, and spreads |
Established and reputable company |
Monex Group offers a comprehensive range of products and services to investors. These include domestic stocks, US stocks, Chinese stocks, investment trusts, bonds, IPOs, stock lending services, ETFs, foreign exchange currency pairs, cryptocurrency CFDs, and bonds. With such a diverse selection, investors have the opportunity to diversify their portfolios and access a wide range of investment options. Whether they are interested in stocks, bonds, or alternative investments like cryptocurrency, Monex Group aims to meet the diverse needs and preferences of its clients.
Commissions
The diverse lineup of products offered by MONEX is from 110 yen for physical trading to 99 yen for margin trading (tax included), both beginners and experienced traders can make a small investment at a reasonable price. The monthly Fixed Commission Process calculates the commission for the total daily contract amount, which traders can choose according to their needs. For example, the brokerage fee for China stocks (tax included) is 0.275% of the contract price (minimum fee HK$49.5, maximum fee HK$495). The fee for Nikkei 225 Mini Index is 38 yen per order, and the fee for Nikkei 225 Futures is 275 yen per order.
Trading Platforms
Monex Group provides a wide range of flexible trading platforms to cater to the needs of traders. These platforms include Monex Trader, which supports trading in stocks and futures, Monex Trader FX, specifically designed for forex trading, Multiboard 500, Full Board Information Tool, Market Board, and Monex Vision. These platforms offer different features and functionalities to enhance the trading experience and allow traders to access a variety of financial instruments. Whether traders are interested in stocks, futures, forex, or market information, Monex Group offers diverse options to suit their preferences and trading strategies.
TradeStation offers state-of-the-art trading technology and online electronic brokerage services to active individual and institutional traders. TradeStation has been able to leverage its award-winning technology solutions in global markets extending from Europe to Japan, China, and South Korea. TradeStations powerful yet convenient mobile and web trading apps let clients capitalize on trading opportunities virtually anytime anywhere, while its desktop platform provides all the tools needed to design, test, optimize, automate, and monitor custom equities, options and futures trading strategies. TradeStation also provides personalized support from fully licensed brokerage professionals, a vast array of educational offerings to help clients improve their trading skills, different accounts to meet every trading and investment objective, and simplified low-cost commission pricing.
MONEX provides investors with a diverse selection of deposit and withdrawal options, ensuring convenience and flexibility. Investors can choose from instant deposit services, regular automatic deposit services, ATM deposits through Monex Saison cards, and bank transfers. These options allow investors to easily fund their investment accounts and access their funds when needed. With a variety of choices available, MONEX aims to accommodate the preferences and requirements of its clients, making the deposit and withdrawal process efficient and user-friendly.
Clients with any inquiries or trading-related issues can easily contact MONEX through various accessible channels. They can reach out to MONEX via telephone at +81 0120-430-283 or send an email to feedback@monex.co.jp. Additionally, MONEX maintains an active presence on popular social media platforms such as Twitter, Facebook, and YouTube, allowing clients to stay updated and engage with the company. These multiple contact channels provide clients with convenient options to seek assistance, receive support, and stay connected with MONEX, ensuring a responsive and interactive customer experience.
Monex Group claims to provide comprehensive educational resources for investors. Here are some key points about the educational resources offered by Monex Group:
1. For New Investors:
Monex Group provides tailored educational materials and resources specifically designed for new investors. These materials cover a wide range of topics, including investment basics, risk management, and investment strategies.
2. Financial Result Related Materials:
Monex Group regularly publishes financial result-related materials to keep investors informed about the company's performance. These materials include financial statements, earnings reports, and management commentary, providing a transparent view of the company's financial health.
3. IR Library:
Monex Group maintains an extensive IR (Investor Relations) library, which serves as a repository for various important documents. This library includes consolidated financial summaries, presentation materials, and the annual report, offering comprehensive information about the company's operations and performance.
4. Stock & Rating Information:
Monex Group provides detailed stock and rating information to help investors make informed decisions. This information includes stock profiles, stock prices, credit ratings, and analyst coverage, enabling investors to stay updated on the company's stock performance and market analysis.
In conclusion, Monex Group is a legitimate online securities company based in Tokyo, Japan, regulated by the Financial Services Agency. They offer a wide range of market instruments, including domestic and international stocks, investment trusts, bonds, IPOs, and various trading services. Monex provides different trading platforms to cater to the needs of traders, and they offer flexible deposit and withdrawal options. While Monex Group has several advantages such as a diverse product lineup and regulated operations, some potential disadvantages may include transaction fees and spreads associated with certain products. Overall, Monex Group presents itself as a reputable option for individuals interested in online securities trading, backed by a strong regulatory framework and customer support channels.
Q: What is the Global Vision business strategy of Monex Group?
A: The Global Vision is a comprehensive initiative that brings together all companies within Monex Group worldwide, aiming to establish a truly global online financial institution that generates beneficial synergies for all stakeholders.
Q: How does Monex Group aspire to be a Global Technology-based Retail Financial Service Provider?
A: Monex Group, formed through the merger of Monex, Inc. and Nikko Beans, Inc., leverages its expertise and strengths in the capital markets to become a leading Global Technology-based Retail Financial Service Provider.
Q: How does Monex Group disclose information?
A: Monex, Inc., a subsidiary of Monex Group, provides monthly disclosures. While the Monex, Inc. website is available only in Japanese, information about Monex Group, Inc., the parent company listed on the Tokyo Stock Exchange, can be found in both Japanese and English on their website at https://www.monexgroup.jp/en/. This includes company information and news releases.
Q: What affiliations does Monex, Inc. have?
A: Monex, Inc. is a registered financial instruments firm under the Financial Instruments and Exchange Law of Japan (registered number 165). It is a member of several associations, including the Japan Securities Dealers Association, Type II Financial Instruments Firms Association, The Financial Futures Association of Japan, Japan Virtual and Crypto Assets Exchange Association, and Japan Investment Advisers Association.
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 monex and go-markets are, we first considered common fees for standard accounts. On monex, 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.
monex is regulated by FSA. 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.
monex 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.