image GO Markets VISIT GO MARKETS image 10 Trade VISIT 10 TRADE image Forex.com VISIT FOREX.COM
About

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

10 Trade is regulated by CySEC. 10 Trade have provided Binary Options trading services since 2014.

Forex.com is regulated by the Financial Conduct Authority. Forex.com have provided Forex, Commodities, Indices trading services since 1999.

Why choose them?
  • Yes Over 9 years in business
  • Yes Segregates clients funds
  • Yes Regulated by ASIC
  • Yes Over 4 years in business
  • Yes Segregates clients funds
  • Yes Regulated by CySEC
  • Yes Over 19 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority
Headquarters Melbourne, Australia Nicosia, Cyprus London, UK

TRADING SERVICES OFFERED

Spot Forex Yes Yes Yes
Forex (CFD) Yes No Yes
CFD Yes No Yes
Spread Betting No No No
Social Trading No No No
MARKETS & INSTRUMENTS
Forex (currency pairs) 50 80
Commodities Offered 12
Stocks Offered 220
Bitcoin No No Yes
Majors Yes Yes Yes
Indices Yes Yes Yes
US Stocks No Yes Yes
Penny stocks No No No
Energies No No Yes
Metals Yes Yes Yes
Agriculturals No No Yes
FTSE Yes No Yes
Dow Jones No No Yes
Dax Yes No Yes
Nikkei Yes No Yes
ETFs No No Yes
IPO No No Yes
See all instruments

Losses can exceed deposits

See all instruments

68% of retail investor accounts lose money when trading CFDs with this provider.

See all instruments

70% 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 No Yes
MT5 Yes No No
MT4 Mac Yes No No
WebTrader Yes No 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 NoNo FOREXTrader PRO

APPS

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

English, French, Chinese, Spanish, and Arabic

English, Arabic, Russian, Italian, French, and Spanish

English, Chinese, and Arabic

See platform & features

Losses can exceed deposits

See platform & features

68% of retail investor accounts lose money when trading CFDs with this provider.

See platform & features

70% 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 GO Markets and 10 Trade

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

Losses can exceed deposits

See account options

68% of retail investor accounts lose money when trading CFDs with this provider.

See account options

70% of retail investor accounts lose money when trading CFDs with this provider

TRADING CONDITIONS

Scalping Yes No Yes
Hedging Yes No Yes
Expert advisors (EAs) Yes No Yes
Virtual private server Yes No No
Direct market access Yes No Yes
STP broker Yes No Yes
Market maker Yes Yes Yes
Min trade Varies Varies Varies
Max trade Varies Varies 5 million
Min deposit $1 $200 $50

RISK MANAGEMENT

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

FUNDING METHODS

Credit card Yes Yes Yes
Bank transfer Yes Yes Yes
Standard account Yes Yes Yes
Paypal Yes No No
Neteller Yes No No
Skrill Yes No No
Payment processing time Varies 1 business day Varies
Withdrawal processing time Varies 5-7 business days 1-2 business days
See all funding options

Losses can exceed deposits

See all funding options

68% of retail investor accounts lose money when trading CFDs with this provider.

See all funding options

70% of retail investor accounts lose money when trading CFDs with this provider

DETAILED INFO

Excluded countries US US BE
Contact email Send Email Send Email Send Email
phone number 2036377618 35-722-353-557 Yes
Live Chat No Yes Yes
Website www.gomarkets.com https://www.10trade.com http://www.forex.com
Forex Spreads
EUR/USD 1.00
GBP/USD 1.00
USD/JPY 0.90
AUD/USD 1.3 1.2
Cryptocurrency Spreads N/A
View all FX spreads

Losses can exceed deposits

View all FX spreads

68% of retail investor accounts lose money when trading CFDs with this provider.

View all FX spreads

70% of retail investor accounts lose money when trading CFDs with this provider

INDICE SPREADS
Dax 30 250.0
Nasdaq 100 130.0
Euro Stoxx 50 4.0
ASX 200 1
S&P 500 50.0
FTSE 100 150.0
Google N/A
Facebook N/A
View all spreads

Losses can exceed deposits

View all spreads

68% of retail investor accounts lose money when trading CFDs with this provider.

View all spreads

70% of retail investor accounts lose money when trading CFDs with this provider

FEES

Inactivity Fee No N/A No
Commission No N/A No
Deposit Fee Varies Varies No
Withdrawal Fee Varies Varies No
View All Fees

Losses can exceed deposits

View All Fees

68% of retail investor accounts lose money when trading CFDs with this provider.

View All Fees

70% of retail investor accounts lose money when trading CFDs with this provider

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Last update

All information collected from www.gomarkets.com. Last updated on 01/07/2019.

All information collected from https://www.10trade.com. Last updated on 01/07/2019.

All information collected from http://www.forex.com. Last updated on 01/07/2019.

Company

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.

10 Trade is an online currencies, commodities, indices, stocks trading service provider. They are regulated by CySEC. To open an account with 10 Trade, minimum deposits start from $200. If you like to trade on the go, 10 Trade have an iPhone, iPad and Android apps so you can trade from anywhere on your phone.

10 Trade offer Binary Options, Pairs, Long Term, Sixty Seconds, One Touch, Ladder options to make your trades and support 8 different languages.

FOREX is a market leading broker with over 15 years' experience in the industry serving over 200,000 traders worldwide. As a publically traded company on the NY stock exchange, regulated by multiple regulating bodies including the Financial Conduct Authority in UK, FOREX is a broker you can trust. FOREX offer competitive pricing through its advanced technology and execute your trades fast and at the price you expect or better. Pricing is simple and easy to understand with no complicated commission structures or small print, you know what you will pay. With a commitment to customer support they offer 24 hour support from 9pm Sun through to 9pm Friday.

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GO Markets or 10 Trade?

Access to MT4 or low spreads?

If you’re a trader looking for a broker that offers the popular MT4 trading platform, GO Markets is likely a better fit. However, if you want a broker with lower spreads on currency pairs like EUR/USD, 10 Trade 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 GO Markets and 10 Trade to be equally reliable. We’ve broken down why below:

Who are they regulated by?

GO Markets is regulated by ASIC, while 10 Trade is regulated by CySEC.

Forex.com 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.

GO Markets has been around for 10 years, while 10 Trade have been around for 5 years. Our third alternative broker, Forex.com, have been around for 20 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.

GO Markets uses tier one banks as their banking partner.10 Trade does not use tier one banks as their banking partner.

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 GO Markets or 10 Trade 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 GO Markets and 10 Trade 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.

GO Markets are based in Melbourne, Australia, while 10 Trade are based in Nicosia, Cyprus.

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 GO Markets and 10 Trade offer forex trading. GO Markets have a slightly larger variety of currency pairs with 50 pairs, compared to offered by 10 Trade. Also, if you’re looking to trade cryptocurrencies,

neither GO Markets nor GO Markets offer commodity trading.

Platforms & Account Types

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.

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.

GO Markets does allow scalping and hedging. While 10 Trade does not allow scalping or allow hedging. You can trade with EAs (expert advisors) on GO Markets but you can't trade EAs (expert advisors) with 10 Trade.

In terms of risk management tools, neither GO Markets or 10 Trade offers negative balance protection. Negative balance protection prevents you owing your broker more than you’ve deposited.

GO Markets accept Paypal while

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, GO Markets and 10 Trade both charge points. Therefore, both brokers are equally affordable for this instrument. 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: GO Markets or 10 Trade?

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

Objectively, 10 Trade is more reliable based on our criteria above. 10 Trade 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.