Do you want to know which is the better broker between Spreadex and GSI ?
In the table below, you can compare the features of Spreadex , 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 spreadex, 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:
General Information& Regulation
Spreadex was established back in 1999 and focused on a financial trading service providing, as well spread betting and sports betting, through its maintained office in London. Spreadex first moved into the online market in 2006 when it launched its website. Spreadex is regulated by the Financial Conduct Authority (FCA, registration number 190941) in relation to the spread betting services it offers. For the fixed-odds sports betting services, it is regulated by the UK Gambling Commission (UKGC).
SpreadEx claimes itself a multi-asset platform with 15000+ tradable Assets, and tradable assets available on SpreadEx include Forex, CFDs, and spread betting.
Minimum Deposit of Spreadex
There seems only one single account available for all traders, which is the standard account. To open a real account just with the minimum deposit of $1, which sounds a good opportunity for most traders to get started.
Leverage of Spreadex
In term of the Leverage levels, being a UK brokerage firm the broker thus obliged towards its restrictions and on how the company should operate. Therefore, the maximum offering available for retail traders goes to 1:30 for major currency pairs and lower for other instruments. As for the professionals, they may access higher leverage ratios once the status is confirmed, along with specified conditions towards spread betting and trading service Spreadex may provide.
Spreads & Commissions of Spreadex
When it comes to spreads, they are variable, meaning that they can fluctuate throughout the day depending on volatility. Major currency pairs have very low spreads, EURUSD 0.6 pips, GBPUSD 0.9 pips, while spreads for minor and exotic currency pairs are comparable to most other brokers in the space. With all markets apart from shares, the fee is simply the spread between the buy and sell price. For shares, there is an interest rate charge applied to the total value of your stock. This is typically 1.25%, though it can increase to 1.5% when dealing with smaller stocks and those with less liquidity.
Trading Platforms of Spreadex
SpreadEx does not offer the MetaTrader 4 (MT4), MetaTrader 5 (MT5) or cTrader trading platforms. SpreadEx offer an in-house custom trading platform developed and tested in house instead. The SpreadEx trading platform allows traders to track their portfolios, track the current markets, locate trade ideas and place trades. Actually, it can be a pity for Spradex, such a big brokr, doesn't provide widely used MT4 & MT5 trading platfroms.
Deposit & Withdrawal
Spreadex only offers credit/debit cards, wire transfers and cheques. No other methods can be used to make deposits or withdrawals. So, the payment methods for Spreadex are a little more limited than other brokers.
Traders have access to a number of different service options depending on what their issue is. Spreadex splits its customer support sections according to the different services it offers. The first port of call is Spreadexs FAQ section. This makes it easy for users to get an answer to their issue almost instantly. There are also email addresses on offer if an issue requires a long-form description.
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 spreadex and gsi-markets are, we first considered common fees for standard accounts. On spreadex, 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.
spreadex is regulated by FCA. 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.
spreadex provides trading platform including -- 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 --.