image Admiral Markets VISIT ADMIRAL MARKETS image GO Markets VISIT GO MARKETS image IG VISIT IG
About

Admiral Markets is regulated by BaFin, the Financial Conduct Authority and CNMV. Admiral Markets have provided Forex, Commodities, Indices, Shares, Bond trading services since 2001.

GO Markets is regulated by the Financial Conduct Authority. GO Markets have provided Forex trading services since 2009.

IG is regulated by the Financial Conduct Authority and ASIC. IG have provided forex, spread betting, CFD, and stock trading services since 1974.

Why choose them?
  • Yes Over 17 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority, CySEC
  • Yes Over 9 years in business
  • Yes Segregates clients funds
  • Yes Regulated by ASIC
  • Yes Over 44 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority and ASIC
Headquarters London, UK Melbourne, Australia London, UK

TRADING SERVICES OFFERED

Spot Forex Yes Yes Yes
Forex (CFD) Yes Yes Yes
CFD Yes Yes Yes
Spread Betting No No Yes
Social Trading No No No
MARKETS & INSTRUMENTS
Forex (currency pairs) 36 50 90
Commodities Offered 0 34
Stocks Offered 64 8000
Bitcoin Yes No Yes
Majors Yes Yes Yes
Indices Yes Yes Yes
US Stocks Yes No Yes
Penny stocks No No No
Energies Yes No Yes
Metals Yes Yes Yes
Agriculturals No No Yes
FTSE Yes Yes Yes
Dow Jones Yes No Yes
Dax Yes Yes Yes
Nikkei Yes Yes Yes
ETFs Yes No Yes
IPO No No Yes
See all instruments

83% of retail investor accounts lose money when trading CFDs with this provider

See all instruments

Losses can exceed deposits

See all instruments

76% of retail investor accounts lose money when trading spread bets and CFDs with this provider

PLATFORM & FEATURES

See the platforms and features offered by each broker

Screenshot image image image
MT4 Yes Yes Yes
MT5 Yes Yes No
MT4 Mac Yes Yes Yes
WebTrader Yes Yes Yes
Mirror Trader No No No
ZuluTrade No No No
Sirix No No No
cTrader No No No
PAMM No No No
Custom Platforms -No No ProRealTime & L2 Dealer

APPS

iOS image Yes Yes Yes
Android image Yes Yes Yes
Windows image Yes Yes No
Available Languages

English, Spanish, Hungarian, Bulgarian, Czech, German, Dutch, French, Estonian, French, Greek, Latvian, Lithuanian, Moldovian, Croatian, Slovenian, Polish, Russian, Serbian, Romanian, Ukrainian, and Croatian

English, French, Chinese, Spanish, and Arabic

English, French, German, Spanish, and Portuguese

See platform & features

83% of retail investor accounts lose money when trading CFDs with this provider

See platform & features

Losses can exceed deposits

See platform & features

76% of retail investor accounts lose money when trading spread bets and CFDs with this provider

ACCOUNT INFORMATION

From micro accounts to ECN accounts, compare the accounts offered by Admiral Markets and GO Markets

Demo account Yes Yes Yes
Mini account Yes Yes Yes
Micro account Yes No No
Standard account Yes Yes Yes
ECN Account Yes Yes No
Islamic account No No No
Zero spread account No No No
VIP account Yes No Yes
Fixed spreads No No No
Variable spreads Yes Yes Yes
See account options

83% of retail investor accounts lose money when trading CFDs with this provider

See account options

Losses can exceed deposits

See account options

76% of retail investor accounts lose money when trading spread bets and CFDs with this provider

TRADING CONDITIONS

Scalping Yes Yes Yes
Hedging Yes Yes Yes
Expert advisors (EAs) Yes Yes Yes
Virtual private server Yes Yes Yes
Direct market access Yes Yes Yes
STP broker Yes Yes Yes
Market maker No Yes No
Min trade 0.01 Lot Varies £1
Max trade 200 Lot Varies Variable
Min deposit $200 $1 $250

RISK MANAGEMENT

Stop losses Yes No Yes
Limit orders Yes Yes Yes
One-click trading Yes Yes Yes
Trailing stops Yes No Yes
Price alerts No Yes Yes
Signal trading No Yes Yes

FUNDING METHODS

Credit card Yes Yes Yes
Bank transfer Yes Yes Yes
Standard account Yes Yes Yes
Paypal No Yes Yes
Neteller Yes Yes No
Skrill Yes Yes No
Payment processing time 1 business day Varies Varies
Withdrawal processing time 3 business days Varies Varies
See all funding options

83% of retail investor accounts lose money when trading CFDs with this provider

See all funding options

Losses can exceed deposits

See all funding options

76% of retail investor accounts lose money when trading spread bets and CFDs with this provider

DETAILED INFO

Excluded countries AF, DZ, AO, BY, BA, BI, CF, CG, ER, GY, HT, IR, IQ, PS, PDR, LB, LR, LY, MM, KR DPRK, PA, PG, RU, SL, SO, SD, SY, UG, UA, VE, YE, ZW, IL, CA, PR, US, JP AF, DZ, AO, BY, BA, BI, CF, CG, ER, GY, HT, IR, IQ, PS, PDR, LB, LR, LY, MM, KR DPRK, PA, PG, RU, SL, SO, SD, SY, UG, UA, VE, YE, ZW, IL, CA, PR, US, JP BE,FR,IN,IL,PL,ZW
Contact email Send Email Send Email Send Email
phone number (44) (0) 2035140756 2036377618 44 20 7633 5300
Live Chat Yes No Yes
Website https://admiralmarkets.com/ www.gomarkets.com http://www.ig.com/
Forex Spreads
EUR/USD 0.10 0.60
GBP/USD 0.00 0.90
USD/JPY 0.00 0.70
AUD/USD 0.1 1.3 0.6
Cryptocurrency Spreads 17.0 10
View all FX spreads

83% of retail investor accounts lose money when trading CFDs with this provider

View all FX spreads

Losses can exceed deposits

View all FX spreads

76% of retail investor accounts lose money when trading spread bets and CFDs with this provider

INDICE SPREADS
Dax 30 1:500 1.0
Nasdaq 100 1:500 1.0
Euro Stoxx 50 1:500 1.5
ASX 200 1 1.0
S&P 500 1:500 0.4
FTSE 100 18 1.0
Google 1:10 1 to 20
Facebook 1:10 4 points per side
View all spreads

83% of retail investor accounts lose money when trading CFDs with this provider

View all spreads

Losses can exceed deposits

View all spreads

76% of retail investor accounts lose money when trading spread bets and CFDs with this provider

FEES

Inactivity Fee No No Yes
Commission Yes No Yes (0.1%)
Deposit Fee Varies Varies Varies
Withdrawal Fee No Varies No
View All Fees

83% of retail investor accounts lose money when trading CFDs with this provider

View All Fees

Losses can exceed deposits

View All Fees

76% of retail investor accounts lose money when trading spread bets and CFDs with this provider

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Last update

All information collected from https://admiralmarkets.com/. Last updated on 01/06/2019.

All information collected from www.gomarkets.com. Last updated on 01/06/2019.

All information collected from http://www.ig.com/. Last updated on 01/06/2019.

Company

Admiral Markets has become a leading online trading provider since 2001 offering Forex and CFDs on stocks, indices and commodities. Their dedication to providing a quality experience for their customers have seen them provide the latest technology, strong regulatory authorisation, flexible trading accounts and a global presence leading to a trusted and transparent trading experience.

Admiral Markets accept deposit in multiple currencies are are converted into GBP, EUR, USD, CHF or other applicable currencies. They are regulated by the Financial Conduct Authority in the UK and the MiFID in the European Union. Admiral Markets offer unparalleled level of training to help traders make intelligent trading decision. Education programmes they offer include webinars, seminars, published books, brochures and various other education tools to stay up to date and informed.

To ensure client satisfaction they offer phone, live chat and email support in more than two dozen languages making Admiral Markets a great choice for everyone.

For more information about trading with Admiral Markets, we have put together an indepth Admiral Markets review with some of the pros and cons about this broker.

GO Markets is an online forex trading service provider regulated by ASIC. To open an account with GO Markets, minimum deposits start from $200.

With GO Markets you can trade currencies, indices, commodities & physical bullion. If you like to trade on the go, GO Markets have iPhone and Android apps.

GO Markets offer MetaTrader 4, MetalDesk, Mobile Trading, MT4 Genesis, Trading Central, Autochartist, VPS platforms to make your trades and support two different languages.

The spreads offered by GO Markets for the most popular instruments are:
1.5 EUR/USD, 1.0 FTSE 100, 40.0 GOLD,
1.8 GBP/USD, 3.0 DOW/JONES, 50.0 Crude Oil,
see all the spreads here.

Founded in 1974, IG are one of the largest and most respected brokers in the world. With over 125,000 traders, low margins and spreads, and a range of platforms, they're a popular choice for traders looking for a reputable broker that also offers a good range of markets and trading options.

IG are also one of the few brokers that offer experienced traders the chance to upgrade to an elective professional status. For more information about trading with IG, we have put together an indepth IG review with all the pros and cons about this broker.

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Admiral Markets or GO Markets?

A wide range of instruments or offers Paypal ?

If you’re a trader looking for a broker that offers a wide variety of instruments to trade, Admiral Markets is likely the better option out of these brokers. However, if

Which broker is more reliable?

You can determine a broker’s reliability & trustworthiness by looking at eight factors:

  • Who are they regulated by?
  • How long have they been around for?
  • Do they hold your money in a separate bank account?
  • Do they use reputable “tier-1” banks like Barclays, Goldman Sachs or HSBC?
  • Have they been fined or penalised in the last five years?
  • The popularity of their service/website
  • Are they publicly listed?
  • Where are they located?

Based on these eight factors, we consider Admiral Markets to be the more reliable broker. We’ve broken down why below:

Who are they regulated by?

Admiral Markets is regulated by Financial Conduct Authority, CySEC, while GO Markets is regulated by ASIC.

As the Financial Conduct Authority are one of the most stringent regulators in the world, Admiral Markets will have very strict guidelines to follow to ensure they protect their retail trader clients.

IG are also regulated by the Financial Conduct Authority.

How long have they been around for?

If a broker has been around for a long period of time, they’re likely to be more reliable (in comparison, most scam brokers only exist for several years before they disappear).

This also suggests that a broker has good risk management processes that have prevented them being caught out by major financial events, as was the case with Alpari UK going bust when they were there was a policy reversal of capping the Swiss Franc against the Euro.

Admiral Markets has been around for 18 years, while GO Markets have been around for 10 years. Our third alternative broker, IG, have been around for 45 years.

Do they hold your money in a separate bank account?

You wouldn’t want your broker paying their staff out of the same bank account account that you’re depositing your trading funds into, would you?

Fortunately, all regulated brokers must use segregated bank accounts to hold client money. This is one of the reasons why we only feature regulated brokers here on BrokerNotes.

All three brokers above will hold your money in a separate bank account.

Do they use reputable “tier-1” banks like Barclays, Goldman Sachs or HSBC?

Most tier-1 banks like Barclays and HSBC have been around for over 100 years and manage trillions of dollars of assets, proving that they have stood the test of time.

Both Admiral Markets and GO Markets use tier one banks, but we are not sure of which bank specifically.

Have they been fined or penalised in the last five years?

If a broker has been penalised by a regulator in the past five years, it may mean that they were caught doing something they shouldn’t be doing - which may be of concern to you as an end client.

We’re not aware of any penalties or fines imposed by regulators on Admiral Markets or GO Markets in the past five years.

How popular is their service/website?

While not always the case, the number of traders a broker has can be a good metric for understanding how reputable a brokers is.

GO Markets is more popular with over 10,000 traders.

Are they publicly listed?

Companies that are publicly listed on a stock exchange tend to be considered more reputable as they will be required to disclose their financials, and aspects of their operations, to the public.

Both Admiral Markets and GO Markets are privately owned companies.

Where are they located?

Most reputable brokers tend to be headquartered in a major capital city or a financial hub such as Cyprus.

Admiral Markets are based in London, UK, while GO Markets are based in Melbourne, Australia.

Do they offer the features you need?

Assuming the brokers you’re choosing between are reputable, the next point to consider is whether they offer all of the features you require to trade.

This can be broken down into three categories:

  • Services & instruments
  • Platforms & account types
  • Trading features, risk management tools & funding methods

Services and Instruments

If you’re looking to trade currency pairs, both Admiral Markets and GO Markets offer forex trading. GO Markets have a slightly larger variety of currency pairs with 50 pairs, compared to 36 offered by Admiral Markets. Also, if you’re looking to trade cryptocurrencies, Admiral Markets offers a handful of cryptocurrency CFDs to trade, including Bitcoin, Ethereum and Ripple.

If you’re looking to trade commodities like gold, silver or oil, Admiral Markets may be a better fit as GO Markets does not offer commodity trading.

Platforms & Account Types

If you trade forex, there’s a good chance you might want a broker that offers the popular MT4 trading platform. If that’s the case, both Admiral Markets and GO Markets offer this. Both brokers also offer the new & improved MT5 platformOur alternative broker, IG, also offers MT4 and MT5.

In addition to the platform, you’ll also want to ensure that the broker you choose offers the account type best suited to your needs. Admiral Markets, for example, offer a mini account, standard account and VIP account.

Trading features, risk management tools & funding methods

If you have a certain trading style (e.g. scalping, hedging, or using EAs), you’ll want to double check that the broker you choose allows this, as not all of them do.

Admiral Markets does allow scalping and hedging. While GO Markets also allows scalping and hedging. You can trade with EAs (expert advisors) on both Admiral Markets and GO Markets.

In terms of risk management tools, neither Admiral Markets or GO Markets offers negative balance protection. Negative balance protection prevents you owing your broker more than you’ve deposited.

Admiral Markets also offer stop losses and limit orders to help you automate aspects of your trading strategy.

Admiral Markets accept Neteller while GO Markets accept Paypal.

Are they affordable for what you need?

Comparing the fee structures of different brokers can be a minefield at times. The important thing to consider is what the spreads & fees are on the specific instruments and account type that you will be using.

For trading EUR/USD, Admiral Markets charges 0.10 points, while GO Markets charges points. Therefore, GO Markets is the more affordable for this instrument. If you want to compare their spreads across more instruments, You can jump back up to our comparison of their currency pair & indice spreads above.

Another consideration is whether or not your broker charges inactivity, deposit/withdrawal fees, or commissions on trades. If you’re a frequent trader, inactivity fees are unlikely to be an issue.

The Verdict: Admiral Markets 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, Admiral Markets is more reliable based on our criteria above. Admiral Markets has a wider range of instruments to trade. GO Markets offer lower spreads on popular forex instruments like EUR/USD and are used by more traders.

Both brokers offer demo accounts, allowing you to test their platforms to see which is suitable for you. You can test drive their demos using the links below:

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

Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.