GO Markets vs AximTrade - Fees Review included
Which broker is better GO Markets or AximTrade? Our expert assessment conducted according to TU’s own methodology showed that GO Markets is one of the top brokers in the financial market with the TU Overall Score of 4.6 out of 10. AximTrade is one of the top brokers in the financial market with the TU Overall Score of 4.82 out of 10. Find out more about TU Overall Score.
| Feature | GO Markets | AximTrade |
|---|---|---|
Overall |
1.7 |
1.9 |
1.2 |
2.5 |
|
1.8 |
2.3 |
|
1.9 |
2.7 |
|
Investment Instruments |
1.7 |
2.1 |
Platforms and Charting Tools |
1.8 |
1.8 |
Deposit and Withdrawal |
2 |
2.9 |
Research |
1.6 |
1.7 |
Education |
1.8 |
1.4 |
Support |
1.7 |
1.6 |
Bonuses |
1.6 |
1.5 |
GO Markets vs AximTrade: Pros and Cons
GO Markets is an international investment company with several representative offices regulated by SyCES (Cyprus) and FSC (Mauritius). It specializes in CFD transactions on currency pairs, indices, commodities, and metals. It offers Standard and ECN accounts, MetaTrader 4 and MetaTrader 5 terminals, access to professional analytics, and free training webinars. The GO Markets parent company was founded in 2006 and is regulated by ASIC.
AximTrade is an intermediary that is registered in Saint Vincent and the Grenadines and operates under the supervision of the Financial Services Authority (SVGFSA) regulator. It has been providing services for trading currency pairs, cryptocurrencies, and CFDs since 2020. The company offers cent, standard and ECN accounts with high leverage, low minimum deposit requirements, and tight spreads. AximTrade has awards from The Best Forex IB Program (Africa and Asia) and The Best Forex Trading Platform Asia.
| GO Markets | AximTrade | |
|---|---|---|
| Overall Pros | The parent company has been in operation for decades and its activities are under the control of several regulators. | The availability of a regulator and longevity in the Forex market of more than 10 years. |
| The ability to trade with both classic and ECN accounts. | The low entry threshold for starting trading is $1 for cent and standard accounts and $50 for ECNs. | |
| Low deposit size on professional accounts. | Tight spreads on all account types and average commissions per lot on ECN accounts in the brokerage market. | |
| Free access to Trading Central analytics and MetaTrader Genesis tools. | High leverages up to 1:3000. | |
| Low trading fees on all account types. | The ability to deposit and withdraw funds using electronic payment systems and in cryptocurrency. | |
| Low trading fees on all account types. | The existence of a social trading platform that allows you to receive additional income for both investors and experienced traders. | |
| There are no limitations on trading strategies. | ||
| Free deposit and withdrawal of funds. | ||
| Overall Cons | Small maximum leverage of 1:30 on currency pairs. | An account with the broker cannot be opened by traders from several countries, including the United States, Great Britain, and Canada. |
| There are no cent accounts. | The company's website does not have sections with training, analytics, or news. | |
| Low-quality support in online chat. | The web terminal is not available to clients. |
GO Markets vs AximTrade: Safety and Regulation
| Regulated By: | GO Markets | AximTrade |
|---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
No |
No |
CySec (Cyprus, EU) |
No |
No |
ASIC (Australia) |
No |
No |
Other Regulators |
FSC |
ASIC, FSA, FSP |
GO Markets vs AximTrade: Trading Conditions
| Trading Conditions | GO Markets | AximTrade |
|---|---|---|
Minimum Deposit |
100 |
$1 |
Trading Platforms |
MetaTrader 4, MetaTrader 5 |
МТ4 (desktop, mobile) |
Max Leverage (Futures) |
1:5-1:30 |
401769 |
Supported Markets |
CFD on 50 currency pairs, CFD on commodities, indices, and metals |
Currency pairs, CFDs on indices, metals, energies, cryptocurrencies, USD |
Trading assets |
330+ |
155+ |
Trading Accounts |
Demo, Standard, GO Plus |
Standard, Cent, ECN, Infinite |
Base Account Currencies |
EUR, USD, PLN, GBP, AUD, CAD, SGD, HKD, CHF, NZD, etc. |
USD |
GO Markets vs AximTrade: Fees
Forex Trading Fees
| Fee | GO Markets | AximTrade |
|---|---|---|
Standard Account EURUSD Average Spread |
1.1 pips |
1.1 pips |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
Not supported |
$0 |
ECN Account EUR Average Spread |
Not supported |
0,2 pips |
CFD Trading Fees
| Fee | GO Markets | AximTrade |
|---|---|---|
CFD Trading Fee |
Floating spread |
Floating spread |
Non-Trading Fees
| Fee | GO Markets | AximTrade |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
Wire Transfer/Debit or credit card/Electonic wallets - 0%, USDT (TRC-20) - $1-2, USDT (ERC-20) - $15-25, BEP-20 - $1-2 |
Withdrawal Fee |
No |
Neteller/Skrill - $4, USDT (TRC-20), USDT (ERC-20), BEP-20 - $0, wire transfer - $0 |
Inactivity Fee |
No |
No |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
GO Markets vs AximTrade: Trading Assets
| Asset Name | GO Markets | AximTrade |
|---|---|---|
Overall |
330+ |
155+ |
Forex |
Yes (CFD) |
Yes |
Stocks |
Yes (CFD) |
No |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
No |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes (CFD) |
ETFs |
No |
No |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Binary Options |
No |
No |
GO Markets or AximTrade: Investment Programs
| Asset Name | GO Markets | AximTrade |
|---|---|---|
Copy Trading |
Yes |
Yes |
MAM/PAMM |
Yes |
No |
Managed Accounts |
No |
No |
Other |
Algorithmic trading |
No |
Trading Platforms: AximTrade or GO Markets
| GO Markets | AximTrade | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
No |
cTrader |
No |
No |
Appropriate platform |
No |
No |
Others |
No |
No |
GO Markets vs AximTrade: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | GO Markets | AximTrade |
|---|---|---|
Bank Transfer |
Yes |
Yes |
Debit Card |
Yes |
Coming soon |
Electronic Wallets |
Yes |
Yes |
Crypto |
No |
Yes |
GO Markets vs AximTrade: Research
| Research Type | GO Markets | AximTrade |
|---|---|---|
News Feed |
Yes |
No |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
No |
No |
E-Mail Reports |
No |
No |
GO Markets vs AximTrade: Education
| Education Type | GO Markets | AximTrade |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
No |
Yes |
Articles |
Yes |
No |
Videos |
Yes |
No |
Cent account |
No |
No |
AximTrade vs GO Markets: Support
| Support Features | GO Markets | AximTrade |
|---|---|---|
Working Days |
24/5 |
Email 24/5, Online chat 24/7 |
Yes |
Yes |
|
Phone |
Yes |
No |
Online chat |
No |
Yes |
Other |
feedback form |
No |
GO Markets vs AximTrade: Forex Bonuses and Promo
| Promo | GO Markets | AximTrade |
|---|---|---|
Forex Bonus |
No |
No |
Affiliate Program |
White Labels is an offer for companies to provide brokerage services under their brand, but using GO Markets technology and liquidity. |
Affiliates and IBs. There are programs for private traders and companies that offer a maximum reward of up to $20 per lot and up to 10% of second-level referrals; Loyalty Program. The company raffles off valuable prizes (smartphones, watches, cars, luxury vacations) among affiliates who have met the requirements for the total turnover of referrals. Affiliates whose referrals have traded from 3,000 lots within 3 months participate in the drawing. |
Other Promos |
||
Top 5 Reviews on AximTrade
-
Comment
Aximеtrade has its own tariff plans for novice traders. But I think we need to study everything carefully, because this broker has strict conditions. This requires strategy. Even novice traders need to have basic knowledge of trading and investing. I give Aximеtrade a normal rate.
-
Comment
The broker AximTrade should have been blacklisted long ago. This company has proven to be a fake broker that offers virtual trading. All information about attractive conditions at AximTrade is pure deception. No matter what conditions are advertised on the company's website, withdrawing money from here is practically impossible.
-
Comment
If I had known the truth about AximTrade from the start, I would have never opened a trading account here. Because all the information about the company is a lie! There is no regulator's license, no protection for traders from AximTrade's wrongdoing. They didn't withdraw my money at all! The account still has the initial deposit of $1000 and a profit of $380! The account is currently blocked.
-
Comment
I withdrew my profit and deposit, but it is almost impossible to trade here. Trading with AximTrade was not very comfortable and when I contacted managers, they simply wavered, claiming that the market has its own characteristics and requires a good strategy. I got the impression that they somehow influence the market, I will try to prove it. But it is best to avoid working with AximTrade.
-
Comment
AximTrade promises the best trading conditions. But I will say that they are simply deceiving their clients. As soon as you start trading, conditions change. AximTrade has no problems on a demo account, but on a live account there are a lot of problems. This is how they lure you in and then change the conditions without warning. Don't even think about opening an account here!
Top 5 Reviews on GO Markets
-
Comment
I cannot leave a positive review about GO Markets. The company does not withdraw funds. More precisely, if you want to withdraw 1000 bucks, for example, they can withdraw you, well, if you request a withdrawal, for example, 5000, they will refuse you. Such a system in this office.
-
Comment
Verification in GO Markets is so long that there is no desire to trade here at all. They require a bunch of documents, scanned copies, etc. I couldn't check in for a whole week. In the end, I got tired of all this!
-
Comment
I am satisfied with the trading conditions in GO Markets. There are brokers that offer spreads “from zero pips” with a minimum deposit of 1000 USD. But somehow I have no desire to risk that kind of money and check whether everything is really so beautiful. Reviews can also be misleading, so I chose a reliable company that fulfills its obligations to customers, and I'm not going to leave. I work on ECN mainly on the pound with a spread of 0.2 and a commission of 6 AUD per trade. Those who have worked with different brokers will agree with me that this is a normal price for quality services. Last but not least, the withdrawal request is processed within a few hours.
-
Comment
I leave my feedback on GO Markets as a whole positive. This is the first and only company I trade with. Came here back in 2017. They offer a large number of tools, there is a choice, which is good. The rules are not violated. But with all this, I wish the broker to develop, it never hurts)
-
Comment
GO Markets is a good broker. I really liked that verification, opening an account, setting up the terminal take a minimum of time. I know that for many brokers it takes a very long time. Input - no problem, output, in principle, too, but I had to wait a couple of days. I would like it faster, but I was immediately warned. I checked the broker's honesty)
FAQs
What should I start Forex trading with?
It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.
What amount should I start trading with?
The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.
What should I take into consideration when choosing a broker?
Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.
Is it possible to be scammed by a broker with a license from a reputable regulator?
In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.