image Axitrader VISIT AXITRADER image GO Markets VISIT GO MARKETS image City Index VISIT CITY INDEX
About

Axitrader is regulated by the Financial Conduct Authority. Axitrader have provided Forex trading services since 2007.

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

City Index is regulated by the Financial Conduct Authority. City Index have provided Forex trading services since 1983.

Why choose them?
  • Yes Over 11 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority and ASIC
  • Yes Over 9 years in business
  • Yes Segregates clients funds
  • Yes Regulated by ASIC
  • Yes Over 35 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority, ASIC and MAS
Headquarters Sydney, Australia London, UK 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 Yes No No
MARKETS & INSTRUMENTS
Forex (currency pairs) 80 84
Commodities Offered 0 26
Stocks Offered 0 4500
Bitcoin Yes No Yes
Majors Yes Yes Yes
Indices No Yes Yes
US Stocks No No Yes
Penny stocks No No Yes
Energies No No Yes
Metals No Yes Yes
Agriculturals No No Yes
FTSE No Yes Yes
Dow Jones No No Yes
Dax No Yes Yes
Nikkei No Yes Yes
ETFs No No Yes
IPO No No No
See all instruments

74% of retail investor accounts lose money when trading CFDs with this provider.

See all instruments

Losses can exceed deposits

See all instruments

72% of retail investor accounts lose money when trading CFDs with this provider

PLATFORM & FEATURES

See the platforms and features offered by each broker

Screenshot image image image
MT4 Yes Yes Yes
MT5 No No No
MT4 Mac Yes No No
WebTrader Yes Yes Yes
Mirror Trader No No No
ZuluTrade Yes No No
Sirix No No No
cTrader No No No
L2 Dealer No No No
PAMM No No Yes
Custom Platforms No No AT Pro, Advantage Web

APPS

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

English, Chinese, Spanish, German, Japanese, Russian, Romanian, and Arabic

English, French, Chinese, Spanish, and Arabic

English, Spanish, German, Arabic, Polish, and Chinese

See platform & features

74% of retail investor accounts lose money when trading CFDs with this provider.

See platform & features

Losses can exceed deposits

See platform & features

72% of retail investor accounts lose money when trading CFDs with this provider

ACCOUNT INFORMATION

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

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

74% of retail investor accounts lose money when trading CFDs with this provider.

See account options

Losses can exceed deposits

See account options

72% of retail investor accounts lose money when trading CFDs with this provider

TRADING CONDITIONS

Scalping Yes Yes No
Hedging Yes Yes Yes
Expert advisors (EAs) Yes Yes Yes
Virtual private server Yes Yes No
Direct market access Yes Yes No
STP broker Yes Yes Yes
Market maker Yes Yes Yes
Min trade 0.01 Lot Varies 1 Lot
Max trade 50 Lot Varies Varies
Min deposit $200 $1 $25

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 Yes Yes Yes
Signal trading Yes Yes Yes

FUNDING METHODS

Credit card Yes Yes Yes
Bank transfer Yes Yes Yes
Standard account Yes Yes Yes
Paypal No Yes No
Neteller Yes No No
Skrill No No No
Payment processing time Varies Varies 2-3 business days
Withdrawal processing time Varies Varies 2-3 business days
See all funding options

74% of retail investor accounts lose money when trading CFDs with this provider.

See all funding options

Losses can exceed deposits

See all funding options

72% of retail investor accounts lose money when trading 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 US, CF, TD, CG, CG, CI, CU, GN, ER, GN, FR, GW, HT, IR, IQ, KR, LB, LR, LY, MM, NZ, NG, SL, SO, SD, SY, TM, UZ, VE, EH, YE, ZW
Contact email Send Email Send Email Send Email
phone number 44 207 096 7488 2037134490 0845 355 0801
Live Chat No Yes Yes
Website www.axitrader.com www.gomarkets.eu/uk www.cityindex.co.uk
Forex Spreads
EUR/USD 0.10 0.50
GBP/USD 0.80
USD/JPY 1.42 0.50
AUD/USD 1.32 0.5
Cryptocurrency Spreads N/A 70
View all FX spreads

74% of retail investor accounts lose money when trading CFDs with this provider.

View all FX spreads

Losses can exceed deposits

View all FX spreads

72% of retail investor accounts lose money when trading CFDs with this provider

INDICE SPREADS
Dax 30 0.80 1.0
Nasdaq 100 0.84 1.0
Euro Stoxx 50 1.59 2.0
ASX 200 1.0
S&P 500 0.57 0.4
FTSE 100 1.50 1.0
Google N/A 0.0015
Facebook N/A 0.0015
View all spreads

74% of retail investor accounts lose money when trading CFDs with this provider.

View all spreads

Losses can exceed deposits

View all spreads

72% of retail investor accounts lose money when trading CFDs with this provider

FEES

Inactivity Fee No No Yes
Commission Yes No 0.0015
Deposit Fee Varies Varies Varies
Withdrawal Fee Varies Varies Varies
View All Fees

74% of retail investor accounts lose money when trading CFDs with this provider.

View All Fees

Losses can exceed deposits

View All Fees

72% of retail investor accounts lose money when trading CFDs with this provider

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Last update

All information collected from www.axitrader.com. Last updated on 01/05/2019.

All information collected from www.gomarkets.eu/uk. Last updated on 01/05/2019.

All information collected from www.cityindex.co.uk. Last updated on 01/05/2019.

Company

Axitrader is an online forex trading sevice provider who are regulated by the Financial Conduct Authority and ASIC. To open an account with Axitrader, minimum deposits start from $200.

With Axitrader you can trade 61 FX pairs, metals, and CFDs. If you like to trade on the go, Axitrader have iPhone, iPad and Android apps so you can trade from anywhere on your phone.

Axitrader offer MT4 for PC, MT4 for Mac, MT4 for Mobile, MT4 NexGen, MT4 Trading Signals, AxiTrader's Multi Account Manager platforms to make your trades and support 6 different languages.

They also offer a free demo account for traders who want to refine their trading skills.

The spreads offered by Axitrader for the most popular instruments are:
0.6 EUR/USD, 0.5 FTSE 100, 0.5 GOLD,
1 GBP/USD, 1 DOW/JONES, 0.5 Crude Oil,
see all the spreads here.



For more information about trading with Axitrader, we have put together an indepth Axitrader review with all 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.

Since establishing themselves as one of the first spread betting providers in the UK. , City Index have grown to a global company in over 50 countries completing over two million trades every month. City Index provide some of the most competitive spreads across thousands of markets including incidices, shares, currencies, commodities and many more.

City Index have continued to innovate and were the first to provide a downloadable Android and iPhone app for spread betting and CFD trading and with over 30 years experience in the industry, you know you can trust Cityindex to handle your trades.

For more information about trading with City Index, we have put together an indepth City Index review with the pros and cons about this broker.

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Axitrader or GO Markets?

A wide range of instruments or low spreads?

If you’re a trader looking for a broker that offers a wide variety of instruments to trade, Axitrader is likely the better option out of these brokers. However, if you want a broker with lower spreads on currency pairs like EUR/USD, GO Markets may be more appropriate.

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 Axitrader and GO Markets to be equally reliable. We’ve broken down why below:

Who are they regulated by?

Axitrader is regulated by Financial Conduct Authority and ASIC, while GO Markets is regulated by ASIC.

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

City Index 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.

Axitrader has been around for 12 years, while GO Markets have been around for 10 years. Our third alternative broker, City Index, have been around for 36 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 Axitrader 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 Axitrader 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 Axitrader 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.

Axitrader are based in Sydney, Australia, while GO Markets are based in London, UK.

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 Axitrader and GO Markets offer forex trading. Axitrader have a slightly larger variety of currency pairs with 80 pairs, compared to offered by GO Markets. Also, if you’re looking to trade cryptocurrencies, Axitrader 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, Axitrader may be a better fit as GO Markets does not offer commodity trading.

Axitrader also offer social trading, which allows you to follow the trading activity, engage in discussion, and even copy the trades of other traders.

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 Axitrader and GO Markets offer this. Our alternative broker, City Index, 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. Axitrader, 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.

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

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

Axitrader also offer stop losses, limit orders, and price alerts to help you automate aspects of your trading strategy.

Axitrader 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, Axitrader 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: Axitrader 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, GO Markets is more reliable based on our criteria above. Axitrader has a wider range of instruments to trade. Axitrader 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.