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Darwinex , GO MARKETS Broker Comparison

Do you want to know which is the better broker between Darwinex and GO MARKETS ?

In the table below, you can compare the features of Darwinex , GO MARKETS side by side to determine the best fit for your needs.

  • Rating
  • Basic Information
  • Benchmark
  • Account Information
  • Relevant information
  • Relevant exposure
  • Rating
  • Basic Information
  • Benchmark
  • Account Information
  • Relevant information
  • Relevant exposure
 2 / 3   brokers in total
Rating
Score
Regulatory Status
WikiFX Guarantee
WikiFX Survey
Risk Evaluation
Exposure
Basic Information
Established
Regulatory license
MT4
MT5
Crypto
Deposit and withdrawal method
Benchmark
environment rating
Transaction Speed
Transaction speed rating
Average transaction speed
The highest transaction speed
The highest speed of opening positions
The highest speed of closing position
Slowest transaction speed
The lowest speed of opening positions
The lowest speed of closing position
Trading slippage
Transaction slippage rating
Average slippage
Maximum transaction slippage
Maximum positive slippage
Maximum negative slippage
Transaction Cost
Transaction cost rating
  • Average transaction cost
  • (EURUSD)
  • Average transaction cost
  • (XAUUSD)
Rollover Cost
Rollover cost rating
  • Average transaction cost
  • (EURUSD)
  • Average transaction cost
  • (XAUUSD)
Disconnection results
Software disconnection rating
Average disconnection frequency (times/day)
Reconnection time
Account Information
Accounts
Account name
Products
Deposit REQ
Maximum Leverage
Spread of majors
Forced Liquidation Ratio
Spread Types
Minimum Position
Crypto
Lock postition
Scalping
EA trading
Darwinex
6.89
Regulated
Under guarantee
10-15 years
FCA
--
C
AAA
253.4
78
78
93
547
469
547
C

EURUSD: -0.8

XAUUSD: 2.3

2
-1
4
AA
7.78 USD/Lot
22.14 USD/Lot
B

Long: -7.78

Short: 1.29

Long: -38.8

Short: 22.15

D
0.4
7618.5
Stocks Darwin,Futures Darwin,Classic
200 US stocks
10,000
--
--
0.00
--
--
--
GO MARKETS
8.97
Regulated
Under guarantee
--
--
Above 20 years
ASIC,CYSEC,FSA
--
A
AA
394.6
236
236
291
1906
1488
1906
D
--
-1
-1
--
B
16.28 USD/Lot
33.24 USD/Lot
AA

Long: -5.83

Short: 3.05

Long: -24.38

Short: 13.4

AA
0.2
10.2
GO Plus+ Account,Standard Account
Wide range of FX pairs, Shares, Indices & Commodities
$0
1:500
from 0.0
0.00
--
0.01
--

Darwinex 、 GO MARKETS BrokersRelevant information

Darwinex BrokersRelevant exposure

Which broker is more reliable?

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 darwinex, 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:

Forex broker introduction

darwinex
Darwinex Basic Information
Founded in 2012
Headquarters London, United Kingdom
Regulation FCA
Minimum Initial Deposit $500
Demo Account Yes
Asset Classes Forex, CFDs, Stocks, Futures
Trading Platforms MT4, MT5
Social/Copy Trading Yes
Maximum Leverage 1:200
Minimum Spread 0.0 pips
Commission From $5 per lot
Payment methods Bank transfers, Credit/debit cards, Skrill, Neteller
Customer support Live chat, Email support, Phone support

Overview of Darwinex

Darwinex is a UK-based financial services firm that offers a range of investment and trading services to clients. The company was founded in 2012 and is regulated by the Financial Conduct Authority (FCA) in the UK. Darwinex is known for its unique trading platform that allows traders to develop and sell their trading strategies to other investors.

Darwinex offers a range of trading instruments, including forex, commodities, indices, and shares, which can be traded on its proprietary trading platform, as well as on MetaTrader 4 (MT4) and MetaTrader 5 (MT5). The company offers both fixed and variable spreads, with the latter starting from 0.0 pips. Darwinex does not charge any commissions on forex trades.

Darwinex offers several account types to cater to the different needs of traders, including a Standard Account, a Professional Account, and a Corporate Account. The Standard Account has a minimum deposit requirement of €500 and offers leverage of up to 1:30 for forex trading.

overview

Is Darwinex Legit or a scam?

Darwinex is a legitimate and regulated broker. It is authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom, and it also holds an MiFID (Markets in Financial Instruments Directive) passport for the European Union. Additionally, Darwinex uses segregated bank accounts to hold client funds, which provides an extra layer of security for traders. However, as with any broker, it is important for traders to conduct their own due diligence and research before opening an account with Darwinex or any other broker.

regulation

Market Instruments

Darwinex offers a range of trading instruments in various asset classes, including:

  • Forex currency pairs: Darwinex provides access to major, minor, and exotic currency pairs. Some popular pairs include EUR/USD, GBP/USD, USD/JPY, and AUD/USD.

  • Stock CFDs: Darwinex allows trading on a variety of popular stock CFDs, including Amazon, Apple, Facebook, Google, and Tesla, among others.

  • Commodity CFDs: Traders can also access commodity CFDs such as gold, silver, oil, and natural gas.

  • Index CFDs: Darwinex provides trading on popular index CFDs, such as the US30, UK100, and GER30.

  • ETFs: Darwinex also allows trading on a selection of ETFs, including SPDR S&P 500 ETF, iShares MSCI Emerging Markets ETF, and iShares Core S&P 500 ETF.

Account Types

Darwinex provides its clients with the flexibility to choose from three different types of accounts, each designed to cater to specific needs. The first account type is designed for traders who are more involved in the day-to-day activities of the market. The second and third account type, on the other hand, is designed for investors who prefer to take a more hands-off approach and let their investments grow over time. The minimum deposit to open either account is $10,000.

account-types
account-types
Pros Cons
Classic account allows trading with low spreads and no commission Limited leverage available on Classic account
DarwinIA eligibility to earn performance fees on DARWINs Performance fees on DARWINs
Personalized default leverage up to 1:200 for professional traders No negative balance protection on Classic account
Unlimited trading accounts for traders and investors High minimum deposit of $500
Ability to switch between MT4 and MT5 trading platforms Only two account types available
Stocks DARWIN account provides access to commission-free stocks trading High commission on Futures DARWIN account
Futures DARWIN account provides access to futures trading with low margin requirements Limited futures trading instruments available

How to open a live account?

  1. Visit the Darwinex website and click on the “Open a live account” button.

open-account
  1. Fill out the registration form with your personal information, such as name, email, phone number, and address.

open-account
  1. Select the account type you want to open, either Classic, DARWIN or MetaTrader, and choose the currency of your account.

  2. Complete the verification process by providing a copy of your ID and proof of address. You can upload the documents through your account dashboard.

  3. Choose your preferred deposit method and fund your account with a minimum deposit of $500.

  4. Download and install the trading platform of your choice, either MT4 or MT5.

  5. Start trading by placing your first order.

Leverage

Darwinex offers varying levels of leverage to suit the needs of different traders. The maximum leverage available for forex trading is 1:200, while for stock trading it is 1:20. However, it's important to note that leverage can be a double-edged sword and while it can magnify potential profits, it can also magnify potential losses. Therefore, traders should exercise caution and use appropriate risk management strategies when trading with leverage. Darwinex also offers negative balance protection, ensuring that traders do not lose more than their account balance in the event of significant market movements.

Spreads & Commissions (Trading Fees)

Darwinex operates a variable spread model, meaning that the spread on its trading instruments may vary depending on market conditions. The spread is the difference between the bid and ask price of a trading instrument, and it represents the cost of trading with the broker. The typical spreads offered by Darwinex are competitive, and they start from as low as 0.5 pips on major currency pairs such as EUR/USD.

In terms of commissions, Darwinex charges a commission on trades executed on its MT4 and MT5 trading platforms. The commission charged depends on the type of account and the trading instrument being traded. For example, on the Classic account, the commission charged on forex trades is 0.0035% of the notional value of the trade, with a minimum commission of 2.5 units of the account currency. On the other hand, the commission charged on stocks trades on the DarwinIA account is 0.1% of the notional value of the trade, with a minimum commission of 4 units of the account currency.

 spreads-commissions

Non-trading Fees

Darwinex charges a few non-trading fees, such as inactivity fees and withdrawal fees. The inactivity fee is charged when the account has been inactive for more than 60 days and amounts to €/$/£ 36 per month.However, the inactivity fee is waived for clients with a balance of €500 or more. It is important to note that the inactivity fee may be subject to change, and clients are advised to check the Darwinex website for the latest information on fees and charges.The withdrawal fee varies depending on the payment method, and the minimum withdrawal amount is set at €/$/£ 100.

Trading Platform

Darwinex offers its clients two popular trading platforms, MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both platforms are available in desktop, web, and mobile versions, providing traders with the flexibility to choose the platform that best suits their trading needs and preferences.

MetaTrader 4 is one of the most widely used trading platforms in the industry, known for its user-friendly interface and advanced charting capabilities. MT4 supports multiple order types and trading strategies, as well as the use of automated trading systems, also known as Expert Advisors (EAs). Traders can access a range of technical indicators and charting tools, as well as real-time news and market analysis. MT4 also provides a secure and stable trading environment, with fast and reliable trade execution.

MetaTrader 5 is the successor to MT4 and is considered to be an even more advanced platform, with additional features and capabilities. Like MT4, it also supports multiple order types and trading strategies, as well as the use of EAs. MT5 offers more advanced charting tools, with additional timeframes and more technical indicators. It also supports more types of pending orders, including Buy Stop Limit and Sell Stop Limit. Additionally, MT5 provides a built-in economic calendar and a customizable news feed, allowing traders to stay up-to-date with the latest market news and events.

trading-platform

Here is a comparison table of the trading platforms offered by Darwinex, Exness, and IC Markets:

Trading Platform Darwinex Exness IC Markets
MetaTrader 4
MetaTrader 5
cTrader
WebTrader
Mobile Trading
Social Trading
API Trading
VPS Hosting

Deposit & Withdrawal

Darwinex offers several deposit and withdrawal methods for its clients. The available deposit methods are Bank transfer, Visa, Mastercard, Skrill, and UnionPay. It's worth noting that deposits made by bank transfer may take longer to process compared to other deposit methods.

deposit-withdrawal

Minimum Deposit

When it comes to the minimum deposit requirement, Darwinex may not be the most cost-effective option in the market as it requires a minimum deposit of $500, which can be perceived as relatively high compared to some of its competitors in the industry. However, it is worth noting that the minimum deposit amount varies among brokers and is often influenced by various factors such as the type of account, the trading platform, and the financial instruments offered.

Broker Minimum Deposit
Darwinex $500
IG $0
Saxo Bank $10,000
eToro $50
Plus500 $100
AvaTrade $100

When it comes to withdrawals, Darwinex processes them through the same deposit method used. There are no fees charged for withdrawal requests, but it's worth noting that the receiving bank or payment provider may apply their own fees. Darwinex does not charge any inactivity fees, which is a plus for traders who may not be active in their accounts for a certain period of time.

deposit-withdrawal
Pros Cons
Multiple deposit options, including bank transfers, credit/debit cards, Skrill, and UnionPay. High minimum deposit requirement of $500.
Fast and secure deposit processing. Withdrawal fees for some methods.
No deposit fees. Limited withdrawal options compared to other brokers.
No withdrawal fees for the first 30 days of each calendar month. Only one free withdrawal per month.
Additional security measures, such as two-factor authentication and segregated client accounts. Withdrawal processing times may take longer than other brokers.

Customer Support

Darwinex offers several customer support channels to its clients. The broker provides customer support in English and Spanish through email, phone, and live chat.

Clients can reach out to Darwinex's customer support team through email at support@darwinex.com. The broker also has a phone line that clients can use to contact customer support during market hours. Additionally, clients can get in touch with Darwinex's support team through live chat, which is available on the broker's website.

Darwinex also has an extensive FAQ section on its website, which covers a range of topics such as account opening, funding and withdrawals, trading, and more. The broker's website also features a knowledge base that clients can use to learn about various aspects of trading and investing.

customer-support
customer-support

Educational Resources

Darwinex offers a range of educational resources to help traders develop their skills and knowledge. They provide regular webinars, articles, and trading guides covering a range of topics such as trading psychology, risk management, technical analysis, and more. They also offer a blog where traders can keep up to date with the latest market news and analysis.

In addition, Darwinex has a community section where traders can share ideas and interact with each other. This provides a platform for traders to learn from each other, share experiences, and get support from the community.

educational-resources

Conclusion

Darwinex is a regulated online broker that provides access to a range of financial instruments, including forex, stocks, and futures. The broker offers a choice of trading platforms, including MT4 and MT5, and competitive spreads and commissions. However, the minimum deposit requirement of $500 may be considered high compared to some other brokers, and the range of payment methods is limited. Darwinex also offers some educational resources and customer support in multiple languages, although some traders may find these to be limited. Overall, Darwinex may be a suitable choice for experienced traders looking for a range of instruments and competitive trading conditions, but beginner traders may find the broker's high minimum deposit and limited educational resources challenging.

FAQs

  • Q: What is Darwinex?

    A:Darwinex is a UK-based online broker that provides access to forex, stock, and commodity markets. It also offers social trading services where traders can buy and sell trading strategies.

  • Q: Is Darwinex regulated?

    A:Yes, Darwinex is regulated by the Financial Conduct Authority (FCA) in the UK.

  • Q: What trading platforms does Darwinex offer?

A: Darwinex offers both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms.

  • Q: What account types are available at Darwinex?

A:Darwinex offers three types of accounts, including Classic, Stocks Darwin and Futures Darwin.

Q: What is the minimum deposit required to open an account at Darwinex?

A:The minimum deposit required to open a Classic account is $500.

go-markets

Who is GO Markets?

GO Markets is an Australia-based Forex and CFDs broker founded in 2006. The broker provides 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, the FSC in Mauritius, 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.

Registered in Australia. Cyprus. Mauritius. Seychelles
Regulation status ASIC, CYSEC, FSC, FSA
Year(s) of incorporation 15-20 years
market instruments Forex CFDs, Share CFDs, Index CFDs, Metals CFDs, Cryptocurrency CFDs, Commodity CFDs and Treasury CFDs.
minimum initial deposit USD $0
maximum leverage 1:500
minimum spread From 0.0 pips
trading platform MT4, MT5, WebTrader, cTrader, Mobile Trading
Customer Service Email/phone number/address/live chat, 24/5
fraud complaints NO

Pros and cons of GO Markets

GO Markets has multiple regulations from recognized organizations in the industry, which gives greater credibility and security to its clients.

It offers a wide variety of financial instruments, including more than 1000 instruments, including Forex CFDs, Share CFDs, Index CFDs, Metals CFDs, Cryptocurrency CFDs, Commodity CFDs and Treasury CFDs. It has a market-leading trading platform, MetaTrader 4 and MetaTrader 5, which has numerous technical analysis tools and customizable charts.

It offers excellent customer service, available in multiple languages and through multiple communication channels.

Deposits and withdrawals are processed quickly, with a one business day lead time for withdrawals.

It has an educational section on its website that offers materials for beginners and advanced traders.

As for the cons, we found that the main point is that the conditions are different in each entity. Another point is that the brokers support is not available 24/7.

General Information and Regulation of GO Markets

GO MARKETS is an online forex brokerage company that offers clients access to a wide variety of financial instruments, including Forex CFDs, Share CFDs, Index CFDs, Metals CFDs, Cryptocurrency CFDs, Commodity CFDs and Treasury CFDs. The company is regulated by multiple regulatory bodies including ASIC, CYSEC, FSC and FSA.

  • GO Markets Pty Ltd - authorized by ASIC (Australia) registration AFSL: 254963 ABN: 85 081 864 039

  • GO Markets Ltd - authorized by CySEC (Cyprus) registration no. 322/17

  • GO Markets Pty Ltd (MU) - authorized by FSC (Mauritius) license no. GB 19024896

  • GO Markets International Ltd - authorized by the FSA (Seychelles) license no. SD043

GO Markets Leverage

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. GO Markets Pty Ltd, Mauritius (FSC regulated) offers leverage up to 1:500.

GO Markets Account Types

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.

In addition, the account can be opened in a few different currencies as a base one including AUD, USD, GBP, EUR, NZD, SGD, CHF, CAD, and HKD.

GO Markets Fees and Spreads

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 2.50$ 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.

GO Markets Deposits and Withdrawals

Deposits to the live trading account can be done in numerous convenient ways while the payments will attract no additional processing fees. GO Markets does not charge any internal fees for withdrawals, however, fund withdrawals to non-Australian banking institutions may be waived for some fees and are your responsibility, so make sure to check those as well.

GO Markets minimum deposit amount is 0$ as a beginning which allows you to use the full service of live trading and open a Standard account. GO Markets Withdrawal option uses the same methods for money deposits like Bank Transfers, Cards and e-wallets, yet verify with customer service what method is applicable for you according to your own residence and its policies, or laws applied. We tested withdrawal at GO Markets and it took us 1 business day.

GO Markets Trading Platforms

Platforms GO Markets
MetaTrader 4 Yes
MetaTrader 5 Yes
Mobile Trading Platforms Yes
WebTrader Yes
cTrader Yes
cTrader Copy Trading Yes

GO Markets Customer Support

GO Markets Customer Service was rated #1, in addition to its great Awards received in other aspects. Successful brokers recognized the need for quality service, but of course, not everyone can have one.

with 14+ language coverage, GO Markets stands ahead in that point too, so you can count on relevant and fast answers from the Customer Support GO Markets. The brokers team is available around the clock and supports international languages accessible via Live Chat, email, and phone lines in Australia, the UK and internationally as well. And although the broker does not provide 24/7 client support, it has highly acclaimed 24/5 client support.

GO Markets Education

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.

FAQs

GO Markets knows that knowing where to find the information that you need and having the confidence that you can find the answers to your trading questions could be very helpful with your day-to-day trading.

Use these comprehensive Forex Trading FAQs to learn all the basics as well as the more advanced topics in forex trading. GO Markets has covered the lot from how to open a forex trading account to how to use the MetaTrader trading platform, Forex trading system, and more. Whether you're new to trading FX or you have several years of experience trading currencies, you will find a lot of useful information in these FAQs.

Are the transaction costs and expenses of darwinex, go-markets lower?

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 darwinex and go-markets are, we first considered common fees for standard accounts. On darwinex, the average spread for the EUR/USD currency pair is -- pips, while on go-markets the spread is from 0.0.

Which broker between darwinex, go-markets is safer?

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.

darwinex is regulated by FCA. go-markets is regulated by ASIC,CYSEC,FSA.

Which broker between darwinex, go-markets provides better trading platform?

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.

darwinex provides trading platform including Stocks Darwin,Futures Darwin,Classic and trading variety including 200 US stocks. go-markets provides trading platform including GO Plus+ Account,Standard Account and trading variety including Wide range of FX pairs, Shares, Indices & Commodities.

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