Compare GOMarkets Vs FXTM: Which is the Better Forex Broker in 2024?
GOMarkets Vs FXTM, 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 GOMarkets Vs FXTM, here is the direct comparison:
Compare | GOMarkets | FXTM |
General Rating |
2.12/5 |
3.06/5 |
Score | ||
Trustpilot |
4.6/5 298 users |
3.1/5 704 users |
πΌ Regulation | ||
β Info | ||
β Established | 2008 | 2011 |
π² Min Deposit | $200 | $10 |
β Max Leverage | 1:500 | 1:2000 |
π’ Spread | Variable | Variable |
πΈ Commissions | $3 | $2 |
π‘ Min Position | 0.001 lot | 0.01 lot |
π³ Payment | PayPal, Skrill, Wire transfer, Credit/debit cards, Neteller and FasaPay | WebMoney, Skrill, Wire transfer, Credit/debit cards, YooMoney, Neteller, UnionPay, QIWI, Perfect Money, DIXIPAY, FasaPay, Crypto and Google Pay |
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 | ||
Stocks 1:5 | ||
Physical Stock |
π£ Website Languages | English, Chinese, Arabic, German, Spanish, French, Indonesian, Italian, Portuguese | Arabic, Czech, English, Spanish, Persian, French, Hindi, Indonesian, Italian, Korean, Malay, Polish, Russian, Thai, Turkish, Urdu, Vietnamese, Chinese |
πͺ Trade Now | Open GOMarkets | Open FXTM |
Compare Again
Testimonials
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FXTM: Recover my fund without question
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FXTM: So far FXTM has always met my ideal trading conditions,...
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FXTM: One thing I like about FXTM is that they always...
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FXTM: I was having issues with withdrawals, but their customer support...
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FXTM: I don't understand why do they charged me overnight fees...
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See More FXTM Testimonials
News
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FXTM Forex Broker Parts Ways with Financial Commission
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FXTM Exits EU Operations, Surrenders CySEC License
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FXTM UK Revenue Drop Despite Rising Profit in 2022
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FXTM Closed FX Retail Business in Europe
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FXTM Launched Education Program in Nigeria
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FXTM Welcomes A List Of New Trading Products
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FXTM Added Perfect Money, Competitive Payment Portal With Lower Fee
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FXTM Launched Shares Account for CFDs Trader
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FXTM Investment Program, A New Copy Trading Service by ForexTime
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See More Related FXTM News
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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, GOMarkets provides their pricing with Variable spread while FXTM offers Variable spread.
GOMarkets vs FXTM: 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, GOMarkets enables trading with MetaTrader 4 (Limited with 30 days), MetaTrader 5 (Limited with 30 days). The offer is supported with One-click trading, Trailing stop, Pending orders. In comparison, FXTM provides trading with MetaTrader 4 (Limited with 60 days), MetaTrader 5 (Limited with 30 days) with the support of One-click trading, Trailing stop, Pending orders.
Is GOMarkets or FXTM 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, GOMarkets supports trading with Forex, Gold & silver, Crypto, while FXTM presents the ability of trading with Forex, Gold & silver, Commodities, Indices, CFD, Oil, Futures, 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 GOMarkets and FXTM:
- Compare GOMarkets vs RoboForex
- Compare GOMarkets vs eToro
- Compare GOMarkets vs Vantage Markets
- Compare FXTM vs HF Markets
- Compare FXTM vs FBS
- Compare FXTM vs Octa
For more comparisons, visit this page.