Do you want to know which is the better broker between E-Global and GO MARKETS ?
In the table below, you can compare the features of E-Global , GO MARKETS side by side to determine the best fit for your needs.
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 e-global, 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:
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
|E-Global Review Summary in 10 Points|
|Regulation||FSC (suspicious clone)|
|Customer Support||Phone, email|
E-Global Trade & Finance Luxembourg S.A. was granted its PSF license to act as a broker to customer trades in financial instruments in 2016. The Luxembourg entity was the logical extension of the Groups business to Europe with products such as Forex4you, Trade4you and Share4you.
In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.
Global offers a wide range of market instruments, providing potential opportunities for investors. The availability of copy trading and mobile trading may be appealing to those seeking convenience and alternative trading options.
However, there are concerns regarding E-Global's regulatory status, with reports indicating an unregulated and suspicious clone license. Limited information on the website further raise doubts about the credibility and reliability of E-Global as a financial service provider.
|• Availability of copy trading and mobile trading||• Suspicious clone FSC license|
|• Concerns regarding regulatory status and scam reports|
|• Limited info on the website|
There are many alternative brokers to E-Global depending on the specific needs and preferences of the trader. Some popular options include:
Forex Club - offers a comprehensive range of trading instruments and educational resources, making it a suitable choice for both beginner and experienced traders.
JFD - provides a transparent and customer-centric trading experience, with access to a wide range of markets and advanced trading platforms.
TeleTrade - offers a user-friendly trading environment with competitive spreads and a variety of account types, making it a good option for traders of all levels.
Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.
Based on the information provided, E-Global's license from the British Virgin Islands Financial Services Commission (FSC, License No. SIBA/L/12/1027) raises suspicions of being a clone or unauthorized entity. Additionally, the report of a scam and the lack of sufficient information on their website are red flags. Therefore, it is advisable to exercise caution and consider E-Global as potentially unsafe. It is crucial to conduct thorough research and due diligence before engaging with any unregulated or suspicious financial entity to protect your investments and personal information.
E-Global presents itself as a platform that offers real estate and investments on global markets. However, no more specific information is offered.
Global states on their website that they offer copy trading and mobile trading services to their clients. Copy trading typically allows investors to automatically replicate the trades and strategies of experienced traders, enabling them to potentially benefit from their expertise. However, since E-Global does not provide further details about their copy trading service, it is important for potential users to seek more information directly from the company.
Mobile trading, on the other hand, suggests that E-Global provides a platform or app that allows clients to access and manage their trading accounts using their mobile devices. This can offer convenience and flexibility for traders who prefer to monitor and execute trades on the go.
E-Global provides customer service through phone: +352 26 374 964 and email: firstname.lastname@example.org, allowing clients to reach out for assistance or inquiries. Additionally, the company address: 53 Boulevard Royal, 2449 Luxembourg – Eich, Luxembourg – Luxemburg listed in Luxembourg provides a physical location for clients to visit or send correspondence if needed.
|• Phone & email support||• No 24/7 customer support|
|• No live chat support|
|• No social media support|
|• Unclear support hours|
Note: These pros and cons are subjective and may vary depending on the individual's experience with E-Global's customer service.
On our website, you can see that a report of scam. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.
In conclusion, E-Global raises significant concerns regarding its regulatory status, with reports suggesting it operates with an unregulated and suspicious clone license. The limited information available on its website, particularly regarding market instruments and trading platforms, adds to the lack of transparency and raises doubts about the company's credibility. Additionally, the absence of clear details on copy trading and mobile trading further hampers its reputation. It is advisable for traders to exercise caution and explore alternative regulated options in the market.
|Q 1:||Is E-Global regulated？|
|A 1:||No. E-Global British Virgin Islands Financial Services Commission (FSC, License No. SIBA/L/12/1027) license is a suspicious clone.|
|Q 2:||Is E-Global a good broker for beginners？|
|A 2:||No. It is not a good choice for beginners. Not only because of its unregulated condition, but also because of lack of transparency.|
|Regulation status _||ASIC, CYSEC, FSC, FSA|
|Year(s) of incorporation||15-20 years|
|market instruments||Currency pairs, raw materials, precious metals, energies, indices, stocks…|
|minimum initial deposit||$500|
|minimum spread||From 0.0 pips|
|trading platform||MetaTrader5, MetaTrader4|
|Deposit and Withdrawal Methods||not specified|
|Customer Service||Email/phone number/address/live chat, 24/5|
|fraud complaints||Not yet|
It is important to note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date this review was generated may also be an important factor to consider, as the information may have changed since then. Therefore, readers are advised to always check the updated information directly with the company before making any decision or action. Responsibility for the use of the information provided in this review rests solely with the reader.
In this review, if there is a conflict between the image and the text content, the text content should take precedence. However, we recommend that you open the official website for further consultation.
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 350 currency pairs, commodities, precious metals, energies, indices, and stocks.
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.
The maximum leverage offered of 1:300 is relatively low compared to other brokers that offer leverage up to 1:500.
The minimum amount required to open a GO Pro account of $3,000 may be high for some traders.
The spreads can vary according to the type of account, and in the GO Pro account, a commission is charged for each operation made.
The option of social trading or copy trading is not offered.
No market analysis or investment recommendations are provided, which may be inconvenient for some traders.
What kind of broker is GO MARKETS？
|broker model||GO MARKETS offers tight spreads and fast execution due to its Market Making model.||As a counterparty in the operations of its clients, GO MARKETS has a potential conflict of interest that can lead to decisions that are not in the best interest of clients.|
GO MARKETS is a Market Making (MM) broker, which means that it acts as a counterparty to its clients in trading operations. That is, instead of connecting directly with the market, GO MARKETS acts as an intermediary and assumes the opposite position to that of its clients. As such, it can offer faster order execution speeds, tighter spreads, and greater flexibility in terms of leverage offering. However, this also means that GO MARKETS has a certain conflict of interest with its clients, since their profits come from the difference between the purchase and sale price of the assets, which could lead them to make decisions that are not necessarily the best for your customers. It is important that traders are aware of this dynamic when trading with GO MARKETS or any other MM broker.
GO MARKETS is an online forex brokerage company that offers clients access to a wide variety of financial instruments, including currency pairs, indices, commodities, and cryptocurrencies. The company is registered in Seychelles and regulated by multiple regulatory bodies including ASIC, CYSEC, FSC and FSA.
In the following article, we will analyze the characteristics of this broker in all its dimensions, offering easy and well-organized information. If you're interested, read on.
|Wide selection of instruments||The complete list of available instruments is not specified|
|Offers instruments from various markets, including stocks||It is not mentioned if they offer cryptocurrencies|
|The inclusion of precious metals and energies allows a greater diversification of the portfolio||It is not specified if they offer bonds or futures|
|Allows traders to take advantage of opportunities in various markets||No information is provided on the margins required for each instrument|
GO MARKETS offers its clients a wide selection of financial instruments, with more than 350 available in total. Instruments include currency pairs, commodities, precious metals, energies, indices, and stocks. This diverse selection allows traders to take advantage of opportunities in various markets and create a more balanced and diversified portfolio. However, a complete list of available instruments is not provided, and it is not specified whether they offer cryptocurrencies or bonuses. Furthermore, no information is provided on the required margins for each instrument, which could be a disadvantage for some traders looking to trade with limited margin. In general, the wide selection of instruments is an advantage for GO MARKETS and can attract traders interested in trading in different markets.
|Low spreads for GO Pro accounts.||Commissions for transactions in GO Pro accounts.|
|No commissions for standard accounts.||Relatively high minimum deposit requirements.|
GO MARKETS offers two types of accounts with different minimum deposit requirements. The standard account has no trading fees, but the spreads are a bit higher. The GO Pro account has lower spreads, but there are commissions for each transaction that is made.
|Two account options to choose from||GO Pro account requires a high minimum deposit|
|Both accounts offer a maximum leverage of 1:300||The Standard account does not have the tightest spreads|
|GO Pro account has tighter spreads||A commission is charged on each operation on the GO Pro account|
|Ability to hold funds in multiple base currencies|
GO Markets offers its clients two account options: the Standard account and the GO Pro account. Both accounts have a maximum leverage of 1:300, which means that traders can trade with a market exposure greater than the initial capital deposited. The GO Pro account has tighter spreads than the Standard account, but a commission is also charged on each trade. The minimum deposit required on the Standard account is $300, while on the GO Pro account it is $3000. Additionally, traders can hold their funds in one of several available base currencies, allowing them to avoid currency conversion costs.
|MetaTrader4 is a widely used platform that is well known to most of the traders.||MetaTrader4 is an older platform than MetaTrader5 and lacks some of the advanced features of MetaTrader5.|
|MetaTrader5 is a more advanced platform that offers more tools and features than MetaTrader4.||MetaTrader5 can be more difficult to use for beginners due to its complexity.|
|The MetaTrader4 and MetaTrader5 platforms offer a wide range of technical analysis tools.||MetaTrader5 has not yet reached the same popularity as MetaTrader4, which means that there are fewer resources available online to learn how to use it.|
|GO MARKETS offers support for both platforms, allowing traders to choose the platform that best suits their needs.|
GO MARKETS offers its clients the ability to trade on the MetaTrader4 and MetaTrader5 trading platforms. MetaTrader4 is a widely used trading platform that is well known to most of the traders, while MetaTrader5 is a more advanced platform that offers more tools and features than MetaTrader4. Both platforms offer a wide range of technical analysis tools and allow traders to customize their trading experience. GO MARKETS offers support for both platforms, allowing traders to choose the platform that best suits their needs. However, it is important to note that MetaTrader5 has not yet reached the same popularity as MetaTrader4, which means that there are fewer resources available online to learn how to use it. Overall, GO MARKETS offers its clients a good selection of high-quality trading platforms to choose from.
|Higher Earning Potential||Higher risk of loss|
|Allows you to trade with a larger amount of funds||It can lead to impulsive decisions and significant losses|
|Allows you to diversify your investment portfolio||Higher leverage does not guarantee higher profits|
|Allows access to markets that might otherwise be out of the investor's reach||May increase the cost of trading due to interest from the use of leverage|
GO MARKETS offers a maximum leverage of 1:300 on both accounts, which means that traders can trade with more funds than they have available. Leverage can be beneficial for higher profits, but it can also increase the risk of loss. It is important that traders understand the risks associated with leverage and use proper risk management in their trades. GO MARKETS offers responsible and appropriate leverage for traders, and their support team is available to answer any leverage-related questions and help traders make informed decisions.
|Fast processing of withdrawal requests before 1 pm AEST||Withdrawals received after 1pm AEST are processed the next day|
|Fast transfer times for local transfers||Transfer times for international transfers can take 3-5 business days|
|Various base currencies are accepted for deposits and withdrawals||No mention of instant withdrawal options like credit cards or e-wallets|
GO MARKETS offers fast processing for withdrawal requests received before 1pm AEST, and fast transfer times for local transfers. Also, various base currencies are accepted for deposits and withdrawals. However, there is no mention of instant withdrawal options like credit cards or e-wallets, and transfer times for international transfers can take 3-5 business days.
|Introduction to online forex trading for beginners available||No other advanced educational resources available|
|Easily accessible on the company website||The information may be insufficient for those with experience in forex trading|
|Suitable for those new to forex trading||No other types of educational resources, such as webinars or seminars|
GO Markets offers a unique advantage in terms of educational resources: a basic introduction to online forex trading for beginners. While this can be useful for those just starting out in the world of forex trading, the company lacks other advanced educational resources such as webinars or training courses to help more experienced traders. Also, the information provided may be insufficient for those who already have some experience in forex trading.
But if you spend some time, you could find more information on his YouTube channel. For example, here is a market analysis video.
|Multilingual support available||There is no telephone support in Spanish|
|Friendly team available 24 hours a day, Monday to Friday||No phone support available on weekends|
|Ability to contact for MetaTrader 4 or MetaTrader 5 support||No other communication channels are specified apart from email and telephone|
|Separate contact details are provided for new accounts and general support||Availability of live chat support not specified|
GO Markets offers a friendly and multilingual customer support team, available 24 hours a day, Monday to Friday. Clients can contact us via email or phone for support for MetaTrader 4 or MetaTrader 5, as well as for opening new accounts or any other general inquiries. While the company offers support in multiple languages, there is no phone support available in Spanish and the availability of live chat support is not specified.
In conclusion, GO Markets is a CFD and forex brokerage company that offers a wide range of trading instruments, including currency pairs, commodities, precious metals, energies, indices and stocks. With a wide variety of account options and a maximum leverage of 1:300, GO Markets appeals to a wide range of traders, from beginners to seasoned professionals. In addition, the company offers strong customer support with various contact options and a multilingual team available 24 hours a day, Monday through Friday. While the spreads are competitive, traders who opt for a GO Pro account will have to pay a commission for each trade. Overall, GO Markets is a solid choice for those looking for a trusted broker with a wide variety of trading instruments and high-quality customer support.
Question: What documents do I need to open an account with GO MARKETS？
Answer: To open an account with GO MARKETS, you will need your photo ID and proof of address. If you register as a business, additional documents will be required.
Question: What is the margin in GO MARKETS？
Answer: Margin is an amount of money that you must have in your account to hold a position open. It is a measure of your ability to cover possible losses. Margin is calculated as a percentage of the nominal value of the position.
Question: Can I use Expert Advisors (EA) in GO MARKETS？
Answer: Yes, you can use Expert Advisors (EA) in GO MARKETS. Both platforms MetaTrader 4 and MetaTrader 5 are supported by EAs.
Question: How can I deposit funds into my GO MARKETS account？
Answer: You can fund your GO MARKETS account via bank transfer, credit or debit card, Neteller, Skrill, BPay and China UnionPay.
Question: What are the trading hours for GO MARKETS？
Answer: Trading hours vary depending on the trading instrument. Forex, indices and commodities instruments have specific trading hours, while stocks have specific trading hours depending on the exchange they are listed on.
Question: How can I withdraw funds from my GO MARKETS account？
Answer: You can withdraw funds from your GO MARKETS account through your online customer portal. Select the “Withdraw Funds” option, enter the amount you wish to withdraw and provide the bank account information where you wish to receive the money.
Question: Can I have several trading accounts with GO MARKETS？
Answer: Yes, you can have multiple trading accounts with GO MARKETS. However, you must meet the account opening requirements and provide the necessary documentation for each account. Also, please ensure that you comply with local and international GO MARKETS regulations for each account you open.
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 e-global and go-markets are, we first considered common fees for standard accounts. On e-global, the average spread for the EUR/USD currency pair is -- pips, while on go-markets the spread is --.
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.
e-global is regulated by FSC. go-markets is regulated by ASIC,CYSEC,FSC,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.
e-global provides trading platform including -- and trading variety including --. go-markets provides trading platform including PRO,Standard and trading variety including --.