Do you want to know which is the better broker between GO MARKETS and GSI ?
In the table below, you can compare the features of GO MARKETS , GSI 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, gsi-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:
|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.
General Information& Regulation
GSI Markets is an online trading broker owned by Media Force Limited and located at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands, MH 96960. The firm is incorporated under registration number 19085 by the Registrar of Business Enterprises Marshall Islands Internationals.
GSI Markets offers investors a range of financial instruments including over 50 forex currency pairs, indices, CFDs and commodities.
Accounts & Leverage
GSI Markets offers customers four account types: Silver ECN Account, Gold ECN Account, Platinum ECN Account and Islamic Account. The maximum leverage is 1:100.
Spreads & Commissions
For ECN Accounts, the average spread for EURGBP is 1.4 pips, EURJPY 1.8 pips, EURUSD 0.7 pips, GBPJPY 2.9 pips, GBPUSD 1.4 pips, USDJPY 0.8 pips. The commission for Silver ECN is 200$ per 1M Half Turn, Gold ECN 80$ per 1M Half Turn, and Platinum ECN 50$ per 1M Half Turn.
GSI Markets uses MetaTrader 4 (MT4), WebTrader and Sirix as its trading platforms. The GSI Markets MT4 is available in desktop-client, mobile app, and web version. Sirix complements MT4 and is an equally useful trading platform, especially for traders who are into social trading.
Deposit & Withdrawal
The payment methods include wire/bank transfer, VISA, Mastercard, Skrill, AstroPay, online bank transfer and credit/debit cards. The minimum deposit and withdrawal limit is USD/EUR/GBP 250 across all payment methods. The maximum amount you can deposit using cards is USD 10,000 while bank transfers have no deposit limit. All withdrawals are subjected to a maximum withdrawal limit of USD 200 except for bank wire which has no limit. In case of excess amounts, the funds will be credited to your bank account through a bank transfer.
GSI Markets does no accept US traders.
GSI Markets offers its customers 24/7 customer support as well as a multi-lingual live chat facility.
Research & Education
GSI Markets brokerage offers a selected group of lessons open to traders in the education center section. These lessons are free of charge. It also has additional sets of tools that will make trading easier. These include an economic calendar, calculator, and a Bitcoin buy/sell meter that acts as a signal provider.
Forex currency trading is a high-risk activity and is not suitable for everyone. By trading with Gsimarkets.com or any other broker, you put yourself at risk of heavy losses. Prior to getting started in any kind of trading, it is important for you to consider your personal circumstances, your attitude to risk, your existing experience and your long-term goals.
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 gsi-markets 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 gsi-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.
go-markets is regulated by ASIC,CYSEC,FSC,FSA. gsi-markets is regulated by --.
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 --. gsi-markets provides trading platform including ISLAMIC ACCOUNT,PLATINUM ECN ACCOUNT,GOLD ECN ACCOUNT,SILVER ECN ACCOUNT and trading variety including --.