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Do you want to know which is the better broker between GO MARKETS and BDSWISS ?
In the table below, you can compare the features of GO MARKETS , BDSWISS side by side to determine the best fit for your needs.
EURUSD: 0.6
XAUUSD: 1.4
Long: -7.97
Short: 5.82
Long: -25.78
Short: 21.05
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, bdswiss 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:
Registered in | Seychelles |
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 |
Maximum Leverage | 1:500 |
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.
Market instruments
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.
https://www.wikifx.com/es/wikishow/202207208464173722.html
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.
Educational resources
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
Advantages:
High leverage
MT4, MT5
Sufficient information
Educational resources
Demo account
Disadvantages:
No effective regulation
No cryptocurrencies
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.
Registered in | Mauritius |
Regulated by | CYSEC, FSA |
Year(s) of establishment | 5-10 years |
Trading instruments | Currency pairs, indices, commodities, metals, energy, cryptocurrencies, stocks |
Minimum Initial Deposit | $10 |
Maximum Leverage | 1:500 |
Minimum spread | 1.5 pips onwards |
Trading platform | MT4, MT5, BDSwiss WebTrader, BDS Mobile App |
Deposit and withdrawal method | Credit Card, MasterCard, Sofort, Western Union, Skrill, Ideal, EPS, Giropay, Postepay, Dotpay, Webmoney |
Customer Service | Email/phone number/address/live chat |
Fraud Complaints Exposure | Yes |
General information and regulations of BDSWISS
BDSWISS is an online forex broker registered in Mauritius with a history more than 5 years. Currently its well authorized and regulated by CYSEC 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.
Market instruments
Currency pairs, indices, commodities, metals, energy, cryptocurrencies, stocks.....BDSWISS allows clients to access a huge range of trading markets. Therefore, both beginners and experienced traders can find what they want to trade on BDSWISS.
Spreads and commissions for trading with BDSWISS
It is commendable that in the trading instruments interface, BDSWISS provides a detailed table showing the spreads, SWAPs, commissions and pip value of various instruments in various accounts in detail, which greatly facilitates customers' inquiries and comparisons.
Account Types for BDSWISS
Demo Account: BDSWISS provides a demo account that allows you to try out the financial markets without the risk of losing money.
Live Account: BDSWISS offers a total of 5 account types: cent, classic, premium, VIP and raw. The minimum deposit to open an account is $10, $10, $100, $500 and $500 respectively. The threshold to open an account at BDSWISS is quite low. 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 BDSWISS
As for the trading platform, BDSWISS provides its clients with many options. There are public platforms such as MT5 and MT4 that have served many clients worldwide, also BDSWISS's own platforms. If you didn't want to spend time familiarizing yourself with a new platform, you could choose MT5 and MT4. But BDSWISS's own platform provides better compatibility with businesses, as they are specially developed and customized platforms. The choice is yours.
Leverage offered by BDSWISS
BDSWISS 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
In terms of deposit and withdrawal, like many good brokers, BDSWISS provides a detailed form with important information about currency, payment method, minimum amount, arrival date, fees, etc.
Educational resources
A series of educational resources is available at BDSWISS, such as seminars, eBooks, glossary, lessons, videos, daily market analysis, market insights, special reports, economic calendar, autochartist, etcetera.
Customer support of BDSWISS
Below are the details about the customer service.
Language(s): English, polish, German, Italian, French, Arabic, Thai, Filipino, Chinese, Indonesian, Portuguese, Romanian, Russian, Turkish, Danish, Norwegian, Korean, Czech, Malay, Vietnamese, etcetera.
Service Hours: 24/5
Email: support@global.bdswiss.com
Phone Number: +44 2036705890
Address: Suite 3, Global Village, Jivans Complex, Mont Fleuri, Mahe, Seychelles.
Social media: Facebook, Instagram, LinkedIn, YouTube, twitter, telegram
Users exposures on WikiFX
On our website, you can see that some users have reported scams. Please be aware and exercise caution when investing. 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.
Advantages and disadvantages of BDSWISS
Advantages:
Well regulated
High leverage
MT4, MT5
Sufficient information
Educational resources
Many instruments available
Demo account
Disadvantages:
Complaints
Frequent asked questions about BDSWISS
Is this broker well regulated?
Yes, it is currently effectively regulated by CYSEC and FSA
How much leverage does this broker offer?
The maximum leverage of BDSWISS is 1:500. Please note that this leverage may only be available for some accounts and products. Please consult our articles or the dealer's website for specific information.
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 bdswiss are, we first considered common fees for standard accounts. On go-markets, the average spread for the EUR/USD currency pair is -- pips, while on bdswiss the spread is From 1.5.
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,FSC,FSA. bdswiss is regulated by 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.
go-markets provides trading platform including PRO,Standard and trading variety including --. bdswiss provides trading platform including Classic,Cent,Premium,Raw,VIP and trading variety including Forex CFDs, Stocks CFDs, Indices CFDs, Commodities CFDs, Cryptocurrencies CFDs.