Compare FreshForex Vs GOMarkets: Which is the Better Forex Broker in 2024?
FreshForex Vs GOMarkets, which one is better? Both brokers are often compared to each other to find which one comes out to be the better one. What many traders may not comprehend is that the best choice may differ for every one of them, and there's nothing wrong with it. To make it easier for you to decide which one is the best between FreshForex Vs GOMarkets, here is the direct comparison:
Compare | FreshForex | GOMarkets |
General Rating |
1.00/5 |
2.13/5 |
Score | ||
Trustpilot |
1.8/5 33 users |
4.7/5 310 users |
πΌ Regulation | ||
β Info | ||
β Established | 2004 | 2008 |
π² Min Deposit | $10 | $200 |
β Max Leverage | 1:2000 | 1:500 |
π’ Spread | Variable | Variable |
πΈ Commissions | $3 | |
π‘ Min Position | 0.01 lot | 0.001 lot |
π³ Payment | Visa/Mastercard, P2P cards, Credit/debit cards, Crypto, Ethereum, Litecoin, Ripple, Bitcoin Cash, Tether TRC20, Zcash, USD Coin, Tether ERC20, Perfect Money, AdvCash, Web Money, M-Pesa, EazzyPay, Airtel Money, Tigo Pesa, OnlineNaira, Banks of Malaysia, Banks of Indonesia, Banks of Vietnam, Banks of the Philippines, Banks of Thailand, Banks of Nigeria, Local depositor and Local payment systems | PayPal, Skrill, Wire transfer, Credit/debit cards, Neteller and FasaPay |
π’ Office(s) |
𧩠Demo Account | ||
π Segregated Account | ||
π Islamic Account | ||
π¨βπ» PAMM Account | ||
π Managed Account |
π± Hedging | ||
πΊπΈ US traders | ||
π Swaps |
π Trading contests | ||
β‘ Automated trading | ||
π° Bonus offers | ||
π Free education |
1οΈβ£ One-click trading | ||
β± Trailing stop | ||
β³ Pending orders |
Forex | ||
CFD | ||
Indexes | ||
Spread Betting | ||
Gold & Silver | ||
Crypto | ||
Stocks | ||
Oil | ||
Metals | ||
Energies | ||
Futures | ||
ETF | ||
Options | ||
Agriculture | ||
Commodities | ||
Stock | ||
Indices | ||
Etf | ||
Bonds | ||
Binary Options | ||
ETFs | ||
Corporate Stocks | ||
Shares | ||
Silver | ||
Index | ||
Physical Stock |
π£ Website Languages | English, Spanish, Portuguese, Vietnamese, Indonesian, Chinese, Arabic, Thai, Kazakh, Ukrainian, Uzbek, Azerbaijani, Tajik, Russian | English, Chinese, Arabic, German, Spanish, French, Indonesian, Italian, Portuguese |
πͺ Trade Now | Open FreshForex | Open GOMarkets |
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Which one has the better spread?
Considering that spread is a trading cost, the lower the spread, the better it is for traders. However, spread information among brokers is not easy to get, as not every broker transparently publishes their spreads data.
However, traders can still choose their ideal brokers by the type of their spreads. The most two popular types of spread are fixed and variable. The pros and cons between the two spreads can vary for every trader. In this case, FreshForex provides their pricing with Variable spread while GOMarkets offers Variable spread.
FreshForex vs GOMarkets: Who hosts the best trading platform?
The trading platform is essential as you can't execute a trade without it. Additionally, trading platforms provide price charts and an assortment of analytical tools to help traders with their strategies.
To support their clients, FreshForex enables trading with MetaTrader 4 (Limited with 90 days of inactivity), MetaTrader 5 (Limited with 90 days of inactivity). The offer is supported with One-click trading, Trailing stop, Pending orders. In comparison, GOMarkets provides trading with MetaTrader 4 (Limited with 30 days), MetaTrader 5 (Limited with 30 days) with the support of One-click trading, Trailing stop, Pending orders.
Is FreshForex or GOMarkets better in providing the trading instruments?
It is widely known that forex brokers offer other trading instruments other than currency pairs. The offer gives interesting choices for traders to explore other markets that may be proven beneficial for them and to diversify their trading portfolios.
In this case, FreshForex supports trading with Forex, Indices, Crypto, Metals, Corporate Stocks, ETF, while GOMarkets presents the ability of trading with Forex, Gold & silver, Crypto.
In conclusion, deciding the better broker eventually comes down to your consideration. If you are an active trader, it is better to choose a broker with a variable spread that is generally lower than the fixed one. For the trading platform, MetaTrader 4 is the standard choice for every trader. But if you want to have a different experience with a more advanced platform, choose the broker that provides alternative platforms. The same goes for trading instruments; if you want to try delving into different markets, seek for a broker with more options on trading instruments.
Looking for more references? Here are other comparisons related to FreshForex and GOMarkets:
- Compare FreshForex vs easyMarkets
- Compare FreshForex vs Pepperstone
- Compare FreshForex vs Interactive Brokers
- Compare GOMarkets vs FXTM
- Compare GOMarkets vs Orbex
- Compare GOMarkets vs XM
For more comparisons, visit this page.