GO Markets vs Trade Nation - Fees Review included
Which broker is better GO Markets or Trade Nation? 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 4.62 out of 10. Trade Nation is one of the top brokers in the financial market with the TU Overall Score of 5.58 out of 10. Find out more about TU Overall Score.
Feature | GO Markets | Trade Nation |
---|---|---|
Overall |
1.7 |
2.8 |
1.2 |
3.8 |
|
1.8 |
3.2 |
|
1.9 |
3.6 |
|
Investment Instruments |
1.7 |
1.7 |
Platforms and Charting Tools |
1.8 |
1.9 |
Deposit and Withdrawal |
2 |
2.4 |
Research |
1.6 |
3.6 |
Education |
1.8 |
1.5 |
Support |
1.7 |
2.3 |
Bonuses |
1.6 |
3.9 |
|
GO Markets vs Trade Nation: 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.
Trade Nation is an STP broker with its head office in London. It works with traders of the European and Asian regions. The company belongs to the classical medium-tier brokers with a standard set of trading assets and instruments. Its regulators are: FCA (UK), ASIC (Australia), FSCA (South Africa), and SCB (Bahamas).
GO Markets | Trade Nation | |
---|---|---|
Overall Pros | The parent company has been in operation for decades and its activities are under the control of several regulators. | Availability of licenses from four regulators. This indicates that the broker is subject to constant review by auditors with diverse requirements. |
The ability to trade with both classic and ECN accounts. | Segregation of client accounts. Traders' money is deposited into separate accounts at Barclays bank. | |
Low deposit size on professional accounts. | Relatively narrow fixed spreads. | |
Free access to Trading Central analytics and MetaTrader Genesis tools. | Proprietary trading platform that complements MT4. | |
Low trading fees on all account types. | There's an online Trade Nation community of traders that shares information, knowledge, and trading strategies, all of which raise members’ professional trading skills. | |
Low trading fees on all account types. | ||
There are no limitations on trading strategies. | ||
Free deposit and withdrawal of funds. | ||
Overall Cons | Small maximum leverage of 1:30 on currency pairs. | A small selection of payment systems. The broker works mainly through the banks. |
There are no cent accounts. | There is a minimum withdrawal amount. | |
Low-quality support in online chat. | Support service in the chat and via email is unprofessionally slow in responding to your inquiries. |
GO Markets vs Trade Nation: Safety and Regulation
Regulated By: | GO Markets | Trade Nation |
---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
No |
Yes |
CySec (Cyprus, EU) |
No |
No |
ASIC (Australia) |
No |
Yes |
Other Regulators |
FSC |
FSCA (South Africa), SCB (Bahamas). |
GO Markets vs Trade Nation: Trading Conditions
Trading Conditions | GO Markets | Trade Nation |
---|---|---|
Minimum Deposit |
100 |
$1 |
Trading Platforms |
MetaTrader 4, MetaTrader 5 |
МТ4, Trade Nation proprietary terminal |
Max Leverage (Futures) |
1:5-1:30 |
1-200 |
Supported Markets |
CFD on 50 currency pairs, CFD on commodities, indices, and metals |
Currency pairs, commodities, and stock markets assets |
Trading assets |
330+ |
2090+ |
Trading Accounts |
Demo, Standard, GO Plus |
Standard Account, Low Leverage, High Leverage, Islamic Account, and Demo Account. |
Base Account Currencies |
EUR, USD, PLN, GBP, AUD, CAD, SGD, HKD, CHF, NZD, etc. |
GBP, USD, EUR, AUD, ZAR, DKK, NOK, and SEK |
GO Markets vs Trade Nation: Fees
Forex Trading Fees
Fee | GO Markets | Trade Nation |
---|---|---|
Standard Account EURUSD Average Spread |
1.1 pips |
0.6 pips |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
Not supported |
Not supported |
ECN Account EUR Average Spread |
Not supported |
Not supported |
CFD Trading Fees
Fee | GO Markets | Trade Nation |
---|---|---|
CFD Trading Fee |
Floating spread |
Floating and fixed spreads |
Non-Trading Fees
Fee | GO Markets | Trade Nation |
---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Withdrawal Fee |
No |
No |
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 Trade Nation: Trading Assets
Asset Name | GO Markets | Trade Nation |
---|---|---|
Overall |
330+ |
2090+ |
Forex |
Yes (CFD) |
Yes |
Stocks |
Yes (CFD) |
Yes (CFD) |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
No |
No |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes (CFD) |
ETFs |
No |
No |
Bonds |
No |
Yes |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
Yes |
Binary Options |
No |
No |
GO Markets or Trade Nation: Investment Programs
Asset Name | GO Markets | Trade Nation |
---|---|---|
Copy Trading |
Yes |
Yes |
MAM/PAMM |
Yes |
No |
Managed Accounts |
No |
No |
Other |
Algorithmic trading |
No |
Trading Platforms: Trade Nation or GO Markets
GO Markets | Trade Nation | |
---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
No |
cTrader |
No |
No |
Appropriate platform |
No |
Trade Nation |
Others |
No |
No |
|
GO Markets vs Trade Nation: Deposit and Withdrawal Methods
Deposit and Withdrawal Method | GO Markets | Trade Nation |
---|---|---|
Bank Transfer |
Yes |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
Yes |
Crypto |
No |
No |
GO Markets vs Trade Nation: Research
Research Type | GO Markets | Trade Nation |
---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
No |
Yes |
E-Mail Reports |
No |
No |
GO Markets vs Trade Nation: Education
Education Type | GO Markets | Trade Nation |
---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
No |
No |
Articles |
Yes |
Yes |
Videos |
Yes |
No |
Cent account |
No |
No |
Trade Nation vs GO Markets: Support
Support Features | GO Markets | Trade Nation |
---|---|---|
Working Days |
24/5 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
No |
No |
Other |
feedback form |
No |
GO Markets vs Trade Nation: Forex Bonuses and Promo
Promo | GO Markets | Trade Nation |
---|---|---|
Forex Bonus |
No |
The Trade Nation loyalty program awards points for every trade executed. In the future, the points can be exchanged for compensation of trading expenses up to 20%. Also, the broker gives 1,000 points to everyone who opens a real account and gets verified. Due to regulatory restrictions, the loyalty program does not work for traders from the UK and Australia. |
Affiliate Program |
White Labels is an offer for companies to provide brokerage services under their brand, but using GO Markets technology and liquidity. |
The variants of partnership programs include: Revenue share plan. The partner receives a percentage of the income that referrals receive at the expense of the spread paid by them; CPA plan. A partner gets a fixed payment for each attracted client following verification; Hybrid plan. This program combines the advantages of both variants and allows you to receive a certain percentage of interest and a fixed fee based on the trades of the referee. |
Other Promos |
||
|
Top 5 Reviews on Trade Nation
-
Comment
Traded with Trade Nation a few years ago. There is no decency here, guys. If you still decide to trade here, read the regulations very, very carefully. They can find a lot of violations in your trading and take your money. These are scammers.
-
Comment
In short, this is a scam company. We do. what do we want and what will you do for us? Due to a malfunction in the chart, I did not close a number of positions. Similar positions with two other brokers closed at the same time at the same time. This is a scam, I do not recommend!
-
Comment
People, do not even allow the thought to mess with these Fraudsters with a capital letter. Very cruel, psychologically trained nonhumans! By deceit they will pull everything to the penny, merge it! And you will be blamed for everything. I personally experienced all their psychological tricks.
-
Comment
As for me, it's nothing special. A typical broker with no deposit requirements who earns on spread markup. It does not charge any additional fees, including for making a deposit and withdrawing funds. Trade Nation has a loyalty program. According to its terms, for each closed transaction, the broker accrues some points, which can then partially cover trading commissions. If you wish, you can quickly get used to the author's Trade Nation terminal, because its interface is similar to MetaTrader. But the broker also offers MT4, so you can trade with it and not bother. Trade Nation is regulated in several jurisdictions, which is good, but it does not offer a choice of accounts, which is a minus.
-
Comment
Trade Nation's multiple licenses won me over. It is not so easy to find a reliable broker today, and scammers strive to grab your deposit. I ran into kitchens three times that promised the lowest spreads possible. As a consequence, I received zero income and also spent a lot of time and effort in search of the truth. I have been working with Trade Nation for 3 months, and have been testing a demo account during that time. The conditions turned out to be acceptable, and I have income. I withdrew money only once and without any problems or delays. So far, everything is fair. Still, I do not risk throwing large amounts of money on the deposit, because only time will tell if you can completely trust Trade Nation.
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.
The area of responsibility of Mikhail includes covering the news of currency and stock markets, fact checking, updating and editing the content published on the Traders Union website. He successfully analyzes complex financial issues and explains their meaning in simple and understandable language for ordinary people. Mikhail generates content that provides full contact with the readers.
Mikhail’s motto: Learn something new and share your experience – never stop!
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.
Olga has extensive experience in writing and editing articles about the specifics of working in the Forex market, cryptocurrency market, stock exchanges and also in the segment of financial investment in general. This level of expertise allows Olga to create unique and comprehensive articles, describing complex investment mechanisms in a simple and accessible way for traders of any level.
Olga’s motto: Do well and you’ll be well!