Compare forex brokers XTB VS Go Markets

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

XTB VS GO MARKETS

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.

XTB
XTB Overview

XTB is an online brokerage company dealing in FX and CFD, more specifically they offer Forex, Indices, Commodities, Stock CFD’s, ETF CFD’s and even crypto trading. The company was established in 2002, though initially it was referred to as X-Trade.

# Broker's Features XTB Availability GO MARKETS 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 XTB vs Go Markets.

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. XTB offers Online Financial Trading and Investment Services Such as Currencies, Commodities, Indices, Stocks, Bonds, Cryptocurrency, Futures, ETFs, while Go Markets offers Currencies, Commodities, Indices, Stocks, Cryptocurrency.

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

Minimum Deposit Requirement: To compare these two FX brokers, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a Forex brokerage. XTB recommended minimum capital is 0, while Go Markets has a Minimum Deposit Requirement of .

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. XTB is regulated by BaFin, CNMV, CySEC, FCA, IFSC, while Go Markets regulated by ASIC. 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.

Account currencies: Next lets consider the Account currencies each broker offers. XTB offers EUR, USD, GBP, HUF different account currencies for each account types, while Go Markets offers account currencies.

Languages Available: Next lets have a look at each broker's different Language options. XTB offers English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, Turkish, Arabic, Russian, while Go Markets offers Chinese, English, French, German, Indonesian, Mala Customer Support Languages.

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

Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, XTB makes MT4, xStation 5 available to clients, while Go Markets offers MT4, MT5.

The Verdict: XTB or Go Markets?

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

Objectively, XTB is more reliable based on our criteria above. Regulations play a huge role in protecting the traders/investors interest as they compel the financial service providers such as forex brokers to act in a fair and ethical manner. XTB broker is regulated in more major hubs. XTB offers a wider range of Account currencies. Why does base currencies matter? Because if you fund your account in the same currency as your bank account, currency conversion fees won't be charged. 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. XTB has a wider range of languages in which customer service is offered making the broker more accessible. Only XTB provides training and education resources which is extremely critical to beginner traders who may not be familiar with most of what goes on in the Forex markets.

What We Really Like on XTB

XTB offers a fast deposit and withdrawal, and multiple options to deposit, including credit/debit cards. The account opening is also fast and user-friendly, will be ready within a day. XTB has good research tools, including news flow, market sentiment, and an economic calendar.

What We’d Like More on XTB

XTB has limited product portfolio, provides mostly CFD and FX, and some stocks and ETFs. Account opening is is quick, but the sales team can be very pushy. 24/7 customer support is also missing.

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.

Are you Satisfied with what They Offer?