Do you want to know which is the better broker between GO MARKETS and Bell Potter ?
In the table below, you can compare the features of GO MARKETS , Bell Potter 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 go-markets, bell-potter 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:
|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.
|Trading Platform||Non-MT4 & MT5|
|Products & Services||Stocking, Fixed Interest, Portfolio Administration, Technical financial advice, Foreign Exchange, Portfolio Lending, Super Lending|
|Payment Methods||Visa, Diners, MasterCard, Visa Electron, PayPal|
|Customer Support||5 /24 Phone, Emails|
Basic Information & Regulation
Based in Australia, Bell Potter Securities is a full-service internet trading broker that offers a wide variety of financial instruments. They pioneered the e-commerce space when they launched in 2015 and have been at the forefront ever since. Currency, indices, metals, equities, and commodities are the primary areas of focus of Bell Potter Securities, which is home to a highly regarded and feature-rich trading platform.
Since their 2015 inception, they've amassed a clientele of over 10,000 users. Bell Potter Securities currently holds a full license authorized by the Australian Securities and Investments Commission (license number: 243480).
Pros & Cons of Bell Potter
some advantages and disadvantages of Bell Potter are clearly listed below:
|ASIC-regulated||No negative balance protection|
|Commissions for trading not high||Guaranteed stop loss not provided|
|Diversified range of servcies||High withdrawal fees|
|Tight Spreads||No cryptocurrency trading|
Products & Services
Bell Potter's products and services for individual and institutional investors are mainly stockbroking, fixed interest, portfolio management, technical financial advice, pensions, foreign exchange, portfolio loans, super loans, and exchange-traded funds.
In order to get started with Bell Potter Securities, a $5 minimum deposit is required. For a person just getting started, this is a reasonable sum. With more coordination, you can make deposits of greater complexity. Before investing a substantial sum of money, though, make sure you know how to maximize its potential.
Commissions & Fees
When compared to other discount brokers operating online, Bell Potter Securities' costs are generally lower. They do not charge a broker fee, or they charge far less than comparable agents, for the same types of transactions. People who trade frequently, say, on a daily or weekly basis, will benefit from this.
But Bell Potter Securities' non-trading fees are significantly higher than those of its competitors. This means that withdrawals and deposits to your trading account will cost you more than they would if you were actually trading. These have nothing to do with a transaction involving the buying or selling of property.
When a client of Bell Potter Securities does not make a trade for a certain period of time, the broker will assess an inactivity fee.
You should close your Bell Potter Securities account if it is dormant, even if the brokerage has not yet notified you of any fees. Many financial services, not only brokerages, include inactivity fees.
The inactivity cost on other trading platforms will vary based on the type of account you have. There are a number of caveats that apply to the inactivity fee that the broker should make plain to the client before they agree to pay it.
Trading Platform Available
Bell Potter uses the most popular MT4 trading platform for traders today, with powerful charting tools, a large number of technical analysis indicators, with expert advisors to run automated trading, which can help traders get ahead in the financial markets.
Deposits & Withdrawals
Bell Potter supports traders to fund their investment accounts via credit/debit cards of Visa, Diners, MasterCard, Visa Electron, PayPal, etc. Usually, it takes a few business days to withdraw funds from Bell Potter Securities. It may take up to 7 business days before the funds show up in the investor's account based on the chosen withdrawal method.
Withdrawals are free of charge at Bell Potter Securities. From your Bell Potter Securities account, you can withdraw money at any time. With the margin set aside, you can withdraw amounts up to your account balance. Keep in mind that you can get by without actually having any cash in your account.
The funds withdrawn will be transferred instantly to the deposit accounts you specify. Because of this, withdrawals made using a credit card will also be made using the same card, though Bell Potter Securities may request other withdrawal methods if your information has changed.
For each withdrawal, a minimum quantity must be met. A currency conversion fee is also relevant if you intend to withdraw funds in a currency other than US dollars. Your withdrawal will be subject to a currency conversion fee based on the currency you select.
If clients have any inquiries, they can get in touch with Bell Potter by calling them, or just visiting their office. besides, There is also a contact form for clients to fill ip their questions. or you can also follow this broker on some social media platforms, such as Twitter, Facebook, Linkedin, and Youtube.
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 bell-potter 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 bell-potter 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.
go-markets is regulated by ASIC,CYSEC,FSC,FSA. bell-potter is regulated by ASIC,ASIC.
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 --. bell-potter provides trading platform including -- and trading variety including --.