Do you want to know which is the better broker between eXcentral and GO MARKETS ?
In the table below, you can compare the features of eXcentral , 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 excentral, 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:
Generalc Information & Regulation
SAVIRSKY HOLDINGS LIMITED is the holding company of OM BRIDGE (PTY) LTD and eXcentral International. eXcentral International is operated by OM BRIDGE (PTY) LTD (2016/479525/07), a South Africa investment firm, authorised and regulated by the Financial Sector Conduct Authority (FSCA) of South Africa with FSP License Number 48296. OM BRIDGE (PTY) Ltd does not offer services to individuals with Turkish nationality.
eXcentral offers traders access to many financial tradable instruments, mainly Forex currency pairs, commodities, indices, and stocks.
To meet different traders' trading needs and experience, eXcentral offers four different account types: the Classic Account, the Silver Account, the Gold Account, and the VIP account. The minimum intial deposit to open an basic account is $250, slightly higher than sector industry.
In respect to trading leverage, the maximum trading leverage is up to 1:400 for forex trading, 1:200 for indices and commodities trading, 1:5 for stock trading, and 1:5 for cryptocurrencies.
Spreads & Commissions
Spreads and commissions vary depending on different trading accounts. The spread for eXcentral Classic and Silver accounts is 2.5 pips for EURUSD, 2.8 pips for GBPUSD, 2.8 pips for USDJPY, and US$0.14 for Crude Oil. For the Gold account, the EURUSD spread is 1.8 pips, the GBPUSD spread is 2.3 pips, the USDJPY spread is 2.3 pips, and the Crude Oil spread is US$0.13. For the VIP account, the EURUSD spread is 0.9 pips, the GBPUSD spread is 1.4 pips, the USDJPY spread is 1.4 pips, and the Crude Oil spread is US$0.10.
eXcentral Trading Platform
eXcentral offers traders the market-leading and highly acclaimed MT4 trading platform. MT4 software is compatible with EA Trading and can be customized to suit their preferences with 30 technical indicators, 3 execution modes, 4 order types, and 9 timeframe interactive charts. MT4 is available for Android and iOS, giving traders the flexibility to choose according to their needs. The MT4 is available for Android and iOS, giving traders the flexibility to choose according to their needs.
eXcentral Trading Tools
Traders can take on Technical Analysis with all the necessary tools, from charts – with various lines and indicators, fundamental analysis, trading calculators, trailing stops and much more.
Deposit & Withdrawal
eXcentral welcomes users to withdraw funds via VISA, MasterCard credit cards (minimum deposit of 250 EUR/USD/GBP, maximum daily withdrawal of 10,000 EUR/USD/GBP), Skrill & NETELLER (minimum deposit of 250 EUR/USD/GBP, maximum withdrawal of unlimited funds) and wire transfer (minimum deposit of 250 EUR/USD/GBP, maximum withdrawal of 10,000 EUR/USD/GBP). EUR/USD/GBP, unlimited withdrawals). Traders are charged 3.5% for credit card withdrawals, 30 EUR/USD/GBP for wire transfers, 2% for Skrill withdrawals, and 3.5% for NETELLER withdrawals.
|Regulated by||ASIC, CYSEC, FSC, FSA|
|Year(s) of establishment||10-15 years|
|Trading instruments||Currency pairs, indices, commodities, metals, energy, stocks|
|Minimum Initial Deposit||$500|
|Minimum spread||0.0 pips onwards, 1.7 pips for EURUSD|
|Trading platform||MT4, MT5, own platform|
|Deposit and withdrawal method||Information not available|
|Customer Service||Email/phone number/address/live chat|
|Fraud Complaints Exposure||No for now|
General information and regulations of GO MARKETS
GO MARKETS is an online forex broker registered in Seychelles and regulated by ASIC, CYSEC, FSC and FSA.
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 summarize the main advantages and disadvantages so that you can understand the broker's characteristics at a glance.
Currency pairs, indices, commodities, metals, energy, stocks.....GO MARKETS allows clients to access a huge range of trading markets. Therefore, both beginners and experienced traders can find what they want to trade on GO MARKETS. However, cryptocurrencies are currently unavailable.
Spreads and commissions for trading with GO MARKETS
Spreads, commissions and other additional trading cost are quite important when it comes to calculating the gains and losses. In the case of GO MARKETS, it provides a real-time spread table. We can see that the spread for EURUSD is 1.7 pips. The commissions depend on the account types.
Account Types for GO MARKETS
Demo Account: GO MARKETS provides a demo account that allows you to try out the financial markets without the risk of losing money.
Live Account: GO MARKETS offers a total of 2 account types: standard and pro. The minimum deposit to open an account is $500 and $3,000 respectively. If you are still a beginner and don't want to invest too much money in Forex trading, a standard account will be the most suitable option for you. However, we should also realize that too little capital not only reduces losses, but also reduces profitability. Therefore, you may find it “unexciting” or unprofitable. In addition, accounts with smaller initial deposits tend to have poorer trading conditions.
Trading platforms offered by GO MARKETS
As for trading platforms, clients can choose between the market leaders MetaTrader4 and MetaTrader5, which can be accessed from many devices.
However, have you ever wondered or are you wondering which platform you should use？ Our team has the corresponding article for your reference. The article details the similarities and differences between the two and gives specific advice.
Leverage offered by GO MARKETS
GO MARKETS offers a maximum leverage of up to 1:500, which is a generous offer and ideal for professional traders and scalpers. However, since leverage can magnify your profits, it can also result in a loss of capital, especially for inexperienced traders. Therefore, traders must choose the right amount according to their risk tolerance.
Deposit and withdrawal methods and fees
GO MARKETS is ambiguous about how deposits and withdrawals work. Wire transfers, MasterCard, VISA, Maestro and some e-wallet processors such as Skrill, Neteller, PayPal and others are some of the most frequent and popular payment methods handled by most Forex brokers. The speed of withdrawing funds from a forex broker is also one of the most important factors in building a broker's reputation.
A series of educational resources is available at GO MARKETS, such as aurochartist, trading central, economic calendar and VPS.
Customer support of GO MARKETS
Below are the details about the customer service.
Language(s): English, Chinese
Service Hours: 24/5
Email: Support@gomarkets.sc AsiaAccounts@gomarkets.sc
Phone Number: +248 4 671 903
400 120 8537
Address: Office No. 1, First Floor, Sivas Complex, Providence, Mahe, Seychelles
Social media: Facebook, Instagram, LinkedIn, YouTube, twitter
Users exposures on WikiFX
We have not received any reports of fraudulent activity at this time. However, this does not necessarily mean that this broker is safe and you should remain vigilant to prevent being scammed.
Advantages and disadvantages of GO MARKETS
No effective regulation
Few deposit and withdrawal methods
Frequent asked questions about GO MARKETS
Is this broker well regulated？
Yes, it is currently effectively regulated by ASIC, CYSEC, FSC and FSA.
Can I trade cryptocurrencies in GO MARKETS？
No, GO MARKETS does not currently offer cryptocurrency trading services.
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 excentral and go-markets are, we first considered common fees for standard accounts. On excentral, the average spread for the EUR/USD currency pair is EUR/USD 2.5, GBP/USD 2.8, USD/JPY 2.8, Crude Oil $0.14 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.
excentral is regulated by FSCA. 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.
excentral provides trading platform including Classic,Silver,Gold,VIP and trading variety including --. go-markets provides trading platform including PRO,Standard and trading variety including --.