Gemini vs GoFX

Gemini vs GoFX Comparison Table 2024
Gemini GoFX
3.8
3.4

Gemini is a cryptocurrency exchange set up in 2014 by the Winklevoss brothers, known for their early involvement in Facebook. The exchange is among the world’s 20 largest and most popular. Gemini clients can trade and stake 110+ cryptocurrencies, with derivatives trading available in some jurisdictions, an advanced proprietary platform and additional features including an NFT marketplace.

GoFX is an unregulated CFD and forex broker that covers instruments from currency, stock, index, commodity and crypto markets. Traders can sign up to a variety of account types with deposits as low as $1 and will trade using the popular MetaTrader 4 platform. Exceptionally high leverage up to 1:3000 is offered on the standard account, while traders with the low-spread account can access leverage up to 1:1000.

Bonus Offer
$50 No Deposit Bonus
Comment by Reviewer
"Gemini’s ActiveTrader platform and TradingView integration make it a good choice for serious crypto traders seeking a reliable charting environment, though we were disappointed by some unnecessary fees and previous security breaches." "GoFX provides CFDs with good trading terms on a decent range of markets. It will appeal especially to traders from its native Thailand or international traders with a high-risk-high-reward trading style who seek heavily leveraged trading."
Pros
  • The trading app features a user-friendly, modern design and intuitive interface, with an excellent range of charting tools for day traders
  • The TradingView integration delivers top-quality tools, including backtesting and algo trading capabilities
  • The exchange ensures high security standards with 2FA a requirement for all crypto investors
  • Crypto perpetual futures are available in many jurisdictions with up to 1:100 leverage
  • There is a decent range of educational guides and tutorials suitable for beginners
  • Multi-asset trading
  • 24/7 customer service
  • Demo account with easy sign-up
  • Very high leverage up to 1:3000
  • Micro lot trading for those on a budget
  • Bonus incentives and loyalty program
  • MetaTrader 4 platform and mobile app
  • Low minimum deposit of just $1
Cons
  • The exchange has a history of concerning incidents including the collapse of its Earn program and a phishing breach
  • The 'convenience fee' for using the mobile app seems arbitrary and makes it inefficient to use this feature
  • There are high fees for some funding methods including a 3.49% fee for card transactions
  • Some larger coins by market cap are not available to buy through Gemini
  • There is no practice profile or demo account for prospective traders
  • No additional tools or trading features
  • No proprietary trading platform or mobile app
  • Weak regulatory oversight
  • No copy trading
Awards
  • Best Cryptocurrency Exchange 2019 - Markets Choice Awards
  • Best Crypto Exchange Overall 2022 - The Ascent
  • Fastest Growing Broker 2021 - Forex Awards
Instruments
Cryptos Forex, Cryptos, CFDs on Stocks, Indices & Commodities
Demo Account
No Yes
Minimum Deposit
$0 $1
Trading Platforms
  • ActiveTrader
  • AlgoTrader
  • TradingView
  • MT4
Payment Methods
Minimum Trade
0.00001 BTC 0.01 Lots
Regulator
NYDFS, MAS, FCA FSA
Margin Trading
No Yes
STP Account
No No
ECN Account
No No
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No No
Spot Trading
No No
Mobile Apps
iOS & Android iOS & Android
Auto Trading
Expert Advisors (EAs) on MetaTrader
Copy Trading
No No
Social Trading
No No
Trade Signals
Yes (via MT4)
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
No Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • HKD
  • SGD
  • USD
Stock Exchanges
Commodities
CFD Trading
CFD trading not offered Trade CFDs on forex, indices, stocks, commodities and cryptocurrencies with leverage up to 1:3000. Swap-free trading is available, and all account types trade with competitive spreads and are commission-free except the Go Pro account, which charges a $7 round-turn commission.
Leverage
1:3000
FTSE Spread
0.01
GBPUSD Spread
0.00001
Oil Spread
0.01
Stocks Spread
Variable
Forex Trading
Forex trading not offered Trade a small selection of 25 major and minor pairs. Spreads from zero on the pro account, micro-lot trading, and very high leverage make up for the limited range of currencies. The MetaTrader software is also a well-regarded platform for forex trading.
GBPUSD Spread
0.00001
EURUSD Spread
0.00001
EURGBP Spread
0.00001
Assets
28
Cryptocurrency
Gemini offers a relatively small range of 110+ cryptocurrencies on its exchange, which is anchored by the native Gemini Dollar stablecoin, as well as perpetual swap derivatives. The powerful ActiveTrader platform is optimized for online trading, delivering a wide range of technical indicators and up to 7 time frames. Trade tight-spread CFDs on BTC, LTC, ETH, DOGE, ADA and XRP paired with USD. This may be too small a range to satisfy many crypto traders, but it is a comparable offering to similar brokers.
Spread
Transaction fee from $0.99 0.0001
Coins
  • BTC
  • ETH
  • XRP
  • ADA
  • DOGE
  • DOT
  • BCH
  • LTC
  • UNI
  • LINK
  • FIL
  • XLM
  • WBTC
  • EOS
  • SOL
  • AAV
  • XTZ
  • ATOM
  • MKR
  • DAI
  • COMP
  • ZEC
  • ENJ
  • GRT
  • SNX
  • BAT
  • MANA
  • YFI
  • UMA
  • ZRX
  • OMG
  • BNT
  • REN
  • CRV
  • 1INCH
  • LRC
  • KNC
  • STORJ
  • GNT
  • SKL
  • SAND
  • BAL
  • NMR
  • KEEP
  • OXT
  • LOOM
  • PAXG
  • BRD
  • CSP
  • TBTC
  • WNXM
  • FXC
  • AMP
  • WTON
  • LUNA
  • BTC
  • ADA
  • ETH
  • LTC
  • DOG
  • XRP
Crypto Lending
Yes No
Crypto Mining
No No
Crypto Staking
Yes No
Auto Market Maker
No No
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