XTrade vs GO Markets

XTrade vs GO Markets Comparison Table 2024
XTrade GO Markets
1.9
3.9
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

Established for over 10 years, XTrade has been providing forex and CFD trading services to clients in over 25 countries. Registered in Belize, this brokerage aims to offer cutting edge technology with its proprietary trading platform, plus reliable 24/5 customer support and robust account security.

GO Markets is an established forex and CFD broker with multiple industry awards and accolades. The ECN/STP broker is popular with budding traders, offering competitive accounts in multiple base currencies and a range of flexible payment methods. With top-tier regulation from CySEC and ASIC, GO Markets is a trusted broker.

Bonus Offer
30% cash rebate
Comment by Reviewer
"XTrade is a good option for experienced traders looking for strong market access, including bonds, cryptocurrencies and cannabis stocks. It will also serve traders looking for high leverage up to 1:400." "GO Markets is an excellent choice for active traders with access to powerful trading tools and tight spreads from 0.0 pips. Beginners can also take advantage of the broker's copy trading tool, free demo account and education center."
Pros
  • Beginner-friendly forex education and blog, plus economic calendar and financial news
  • Good range of financial markets, ideal for those looking to build a diverse portfolio
  • Real-time market data, advanced tools and in-depth market analysis
  • 24/5 multilingual customer support via email, telephone or live chat
  • Accessible deposit options with fast account funding and no fees
  • Commission-free trading
  • Autochartist signals
  • Rebates on FX and metals for high-volume traders
  • No inactivity fee
  • Copy trading service
  • High leverage up to 1:500
  • No commission with the Standard account
  • 0.01 minimum lot size and zero spreads
  • 24/5 award-winning customer service
  • Trading signals and market insights
  • MetaTrader 4 and MetaTrader 5 platforms
  • Strong regulatory oversight, including CySEC
  • Excellent third-party analysis tools from Autochartist and Trading Central
  • Crypto deposits available in USDT
Cons
  • High $250 minimum deposit compared to alternatives
  • Below average fees with wide spreads
  • No cryptocurrency and Bitcoin trading
  • $50 inactivity fee after 3 months
  • No automated trading capabilities
  • Only one platform available
  • UK clients not accepted
  • No MetaTrader integration
  • No Islamic account
  • Multiple restricted countries including the US
  • Only two account types
  • $200 minimum deposit
Awards
  • Best Broker Middle East 2016 - Forex Report
  • Best Mobile Platform 2016 - FX Empire
  • Best Forex Broker 2016 - FFXPO Awards
  • No. 1 For Educational Materials, 2019-2021 - Investment Trends Australia Leverage Trading Report
  • No. 1 For Value for Money, Spreads, Trading Ideas & Strategies and Margin Requirements, 2021 - Investment Trends Australia Leverage Trading Report
Instruments
Forex, CFDs, indices, shares, commodities CFDs, forex, indices, shares, energies, metals, cryptocurrencies
Demo Account
Yes Yes
Minimum Deposit
$250 $200
Trading Platforms
  • Own
  • MT4
  • MT5
  • AutoChartist
  • TradingCentral
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
CySEC, IFSC ASIC, CySEC, FSC of Mauritius
Margin Trading
No Yes
STP Account
No Yes
ECN Account
No Yes
DMA Account
No No
MAM Account
No Yes
PAMM Account
No Yes
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
No Yes
Mobile Apps
Yes iOS & Android
Auto Trading
Yes
Copy Trading
No Yes
Copy Trading Platform
GO Markets uses the Myfxbook AutoTrade platform to provide investors with the option to copy other traders. Learn from profitable traders with straightforward risk management tools.
Social Trading
No Yes
Trade Signals
Yes Yes
VPS Hosting
No Yes
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$0
Islamic Account
No Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • NZD
  • CHF
  • HKD
  • SGD
Stock Exchanges
Commodities
CFD Trading
Trade CFDs across a broad range of markets including indices, commodities, and bonds. You can also take advantage of the platform's integrated signals service, although the lack of additional platforms is limiting. Access highly leveraged CFDs across forex, commodities, indices, stocks and bonds with 24/5 customer support. Build a diverse portfolio with hundreds of CFD assets.
Leverage
1:400 1:500
FTSE Spread
5 pts 1 - 2.3 points
GBPUSD Spread
2.5-5 pips 0.0 - 1.5 pips
Oil Spread
5 pips Variable
Stocks Spread
Variable Variable
Forex Trading
XTrade offers a strong range of 56 forex pairs, however spreads are not very competitive, starting from 1.7 pips on the EUR/USD. The in-house platform also doesn't rival MetaTrader 4. Speculate on popular currency pairs with flexible leverage up to 1:500 and zero-pip spreads in the GO Plus account. Commission-free trading is available with micro, mini and standard forex contract sizes.
GBPUSD Spread
2.5-5 pips 0.0 - 1.5 pips
EURUSD Spread
1.7-5 pips 0.0 - 1.2 pips
EURGBP Spread
3-5 pips 0 - 1.4 pips
Assets
56 50+
Cryptocurrency
Crypto trading not offered Take positions on leading cryptos including Bitcoin, Ethereum and Ripple. Competitive spreads are available with no hidden fees and a stable trading platform.
Spread
Variable
Coins
  • BTC
  • ETH
  • LTC
  • XRP
  • BCH
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
More Comparisons
XTrade
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GO Markets
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