Do you want to know which is the better broker between INFINOX and GO MARKETS ?
In the table below, you can compare the features of INFINOX , 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 infinox, 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:
General Information & Regulation
This Infinox says it is a forex broker registered in UK, offering trading in forex currency pairs, indices, equities, commodities, and futures. This Infinox is a clone firm which traders should stay away from.
Infinox offers five main asset classes:
Forex – Trade 50 of the most popular currency pairs, including AUD/USD, EUR/USD, and EUR/GBP
Indices – Trade on some of the worlds largest indices, including the FTSE100 and DAX40
Commodities – Trade on hard and soft commodities such as gold, silver, and oil
Equities CFDs – Buy and sell stocks in the worlds biggest companies, including Google and Facebook
Futures – Trade on futures with real-time Direct Market Access (DMA)
There are three account types to choose from at Infinox. For the STP/ECN accounts, the minimum deposit is just £1 (or EUR/USD/AUD) and for the futures CQG account, the minimum deposit is $5,000.
Leverage for forex, commodities, and indices ranges from 1:10 and 1:30. Leverage is capped due to ESMA regulations, but still provides enough flexibility for traders to substantially increase their positions
Spreads & Commissions
Typical spreads on major currency pairs start at 0.3 pips for EUR/USD, 0.5 pips for GBP/USD, and 0.8 for EUR/GBP. For indices like the FTSE 100, typical spreads are 100 points and for commodities, spreads are 22 for gold and 27 for silver. Commissions are variable on equity CFDs and futures. Details of specific commission charges can be found on the brokers website, but generally, charges are 3.5 for futures and 0.10% for equity CFDs.
Trading Platform Available
Infinox is an unregulated broker, it offers the counterfeit MT4 trading platform where trading on it is full of risks.
Deposit & Withdrawal
Deposits and withdrawals can be made via debit/credit card, Skrill, Neteller, or bank transfer. Infinox does not charge for deposits, however, there may be intermediary fees.
|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 infinox and go-markets are, we first considered common fees for standard accounts. On infinox, 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.
infinox is regulated by FCA. 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.
infinox provides trading platform including -- and trading variety including --. go-markets provides trading platform including PRO,Standard and trading variety including --.