Compare forex brokers GO Markets VS Hugofx

If you're choosing between GO Markets and Hugofx forex brokers, we've compared hundreds of data points side-by-side to make finding the right broker for you easier. Is GO Markets better than Hugofx? After assessing the two forex brokers on nearly 50 different variables, we would be able to get into an informed conclusion.

GO MARKETS VS HUGOFX

GO Markets
GO Markets Overview

GO Markets is an ASIC regulated Australian brokerage firm founded in 2006. It offers over 250 forex/CFDs assets for trading on its MetaTrader platforms.

HugoFX
HugoFX Overview

HugoFX, sometimes also referred to as Hugo’s Way FX, is a relatively new forex & CFD broker registered in the Seychelles in 2017. Although the Seychelles generally regulates forex brokers through the Seychelles Financial Services Authority (SFSA), Hugo FX is one of many unregulated forex brokers that operate out of the country in what appears to be a regulatory grey area. Hugo’s Way is a new competitor in the social trading sphere. The space is fairly crowded with services like MyFxBook’s Autotrade, Zulutrade and eToro. That being said, Hugo’s way is still in “beta” - the company is not fully operational and we will have to update this review in the future.

# Broker's Features GO MARKETS Availability HUGOFX Availability
# Commissions
# Hedging
# PAMM
# Scalping
# Accepts US traders
# 24 hour trading
# Swaps
# Demo account
# Daily analysis
# Automated trading
# Mobile trading
# Trading by phone
# 1st deposit bonus
# Forex contests competitions
# Bonuses Promotions
# Interest charges on the balance
# Free education
# Expert advisors
# Partnership programs
# Trust management
# 24 hour support

The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will compare GO Markets vs Hugofx.

Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. GO Markets offers Online Financial Trading and Investment Services Such as Currencies, Commodities, Indices, Stocks, Cryptocurrency, while Hugofx offers Gold, Silver, Other Precious Metals, Stocks, Stock Indexes, Oil, Other Commodities, Cryptocurrencycurrency.

Broker Type: Many types of brokers can be found in the most dynamic market in the world. GO Markets is ECN, Market Maker, No dealing desk, STP, while Hugofx is ECN, STP.

Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. GO Markets is regulated by ASIC, while Hugofx regulated by Not regulated. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.

Languages Available: Next lets have a look at each broker's different Language options. GO Markets offers Chinese, English, French, German, Indonesian, Mala, while Hugofx offers Customer Support Languages.

Payment methods: Next lets have a look at each broker's payment options. GO Markets offers China UnionPay, Credit/Debit Cards, FasaPay, Neteller, Skrill, Bank Wire Transfer different payment methods for each account types, while Hugofx offers Credit/Debit Cards, Bitcoin, Bank Transfer payment methods.

Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, GO Markets makes MT4, MT5 available to clients, while Hugofx offers MT4, Web-trader.

The Verdict: GO Markets or Hugofx?

There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.

Objectively, GO Markets is more reliable based on our criteria above. GO Markets has a wider range of instruments to trade giving you the flexibility to get access and exposure to a wide range of markets. Customer service in your national language might not be a major concern for traders based in English-speaking countries, but it is a defining requirement for traders from other regions such as Asia and South America. GO Markets has a wider range of languages in which customer service is offered making the broker more accessible. As a market maker, GO Markets may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically has larger capital and minimum trade requirements. Market makers typically have a lower minimum deposit, smaller minimum trade requirements and no commission on trades.

Finally, if you're really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable Personalised Broker based on your precise requirements here.

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