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In the fast-paced world of forex trading, choosing the right broker is crucial. Go Markets and Global Prime are two popular options, each with unique strengths and weaknesses. This comparison will dive into the key features of both platforms,helping you decide which one best suits your trading style and goals.
The radar chart above illustrates the comparison between Go Markets and Global Prime across several key metrics, with the highest possible score being 100 in each category.
At FxScouts, our mission is to assist traders in finding the broker that best suits their needs. Comparing brokers side-by-side is an effective method to achieve this goal. We evaluated Go Markets and Global Prime, using our standard criteria: trust and regulation, trading platforms, costs and trading conditions, and educational and market analysis resources.
Trust and regulation are crucial when selecting a Forex broker. A broker’s credibility is largely built on its regulatory status. We spend considerable time verifying the safety of each broker by examining their regulatory licenses. The more top-tier authorities regulating a broker, the higher its trust rating.
In our comparison:
Based on these findings, Go Markets earned a higher trust rating than Global Prime.
When comparing brokers, trading costs are a significant factor. We consider the minimum deposit required to open an account and ongoing costs, including spreads and commissions. We measure the cost to trade one lot of EUR/USD using the broker’s account with the lowest minimum deposit, including both the spread and any commission charged.
We found that Go Markets has overall lower trading costs than Global Prime.
Trading Platforms Offered Traders prefer brokers that offer a variety of trading platforms. We rate brokers higher if they support multiple platforms like MetaTrader4, MetaTrader5, cTrader, and proprietary platforms.
Copy trading is beneficial for beginner traders or those unable to trade full-time. In this case both Global Prime and Go Markets offer copy trading.
A broader range of CFD instruments provides more trading opportunities. Global Prime offers a greater variety of instruments compared to Go Markets:
For those interested in trading cryptocurrencies, Global Prime offers 40 cryptocurrencies, while Go Markets offers 10 cryptocurrencies. Therefore, Global Prime is the better choice for cryptocurrency trading.
Traders prefer brokers with quick and cost-effective deposit and withdrawal processes. We favor brokers that process withdrawals within 24 hours using multiple methods without charging fees.We found that neither Global Prime nor Go Markets charges a withdrawal fee. Overall, Go Markets has better deposit and withdrawal processes than Global Prime.
We often find that brokers offer very little in the way of educational materials, forcing traders to use other third-party sites or self-educate elsewhere. Beginner traders need well-structured, well-presented materials in multiple formats to get a good start at trading. More experienced traders also benefit from webinars led by experts in the field and advanced trading strategy sections with new trading ideas.
Go Markets has better educational support than Global Prime. Both Global Prime and Go Markets offer educational support for more experienced traders.Access to frequent and high-quality market research and analysis is crucial.
We found that Go Markets offers better research analysis than Global Prime and that both Global Prime and Go Markets offer frequent webinars.
A well-regulated broker, GO Markets will appeal to traders looking for a simple account structure and a broad range of trading tools on the MT4 and MT5 platforms.
GO markets offers trading on multiple CFDs, including Forex, share CFDs, indices, metals, and commodities and traders can choose between two accounts, both with competitive trading costs. The commission-free Standard Account has spreads that start at 1.0 pips (EUR/USD), while the GO Plus+ ECN Account offers spreads of 0 pips in exchange for a commission of 6 USD (round turn). Both accounts have a reasonable minimum deposit of 200 AUD, making them accessible to beginner traders.
With full support for MT4 and MT5, GO Markets also provides an extensive suite of trading tools. These include a free VPS service, Autochartist, Metatrader Genesis, Trading Central, a-Quant, and the Myfxbook copy-trading service. Most of these tools are available for free to live account-holders. Traders will also appreciate the fact that no extra fees are charged for deposits, withdrawals, or on inactive accounts.
Overall, GO Markets is a dependable, straight-forward broker that ticks all the boxes.
With excellent trading conditions and a variety of trading tools, Global Prime appeals to traders looking for a new MT4 broker with a low-cost trading environment.
An ASIC-regulated broker, Global Prime's trading conditions include some of the tightest spreads in the industry, with spreads that start at 0.00 pips on its commission-free account, low commissions on its ECN account, and no minimum deposit requirements. Global Prime also charges low non-trading fees, a welcome development in an industry in which fees are charged on almost every transaction.
Global Prime offers support for the MT4 and TraderEvolution platforms, alongside a variety of trading tools, including FIX API, TradingView, Zulutrade, Myfxbook Autotrade, and VPS services. However, traders should note that most of these tools are available at an extra cost.
While Global Prime provides excellent educational courses for beginner traders, it provides virtually no market analysis. Additionally, in order to access the educational materials, traders will have to pay a fee of 299 USD and a monthly subscription of 50 USD.
For more detailed reviews, please read our comprehensive assessments of Go Markets and Global Prime.
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Broker | Regulated by FCA | Licenced by | Min. Deposit | Cost of Trading | Broker Score | Official Site | Compare |
|---|---|---|---|---|---|---|---|
 | No |   | USD 20 | USD 6 | |||
 | No |      | USD 10 | USD 7 | |||
 | No |   | USD 5 | USD 6 | |||
 | No |     | USD 100 | USD 9 | |||
 | Yes |  | USD 0 | USD 10 | |||
 | No |  | USD 200 | USD 8 | |||
 | No | | AUD 100 | USD 6 | |||
 | Yes |  | USD 0 | USD 10 | |||
 | No | | USD 5 | USD 7 | |||
 | Yes |   | USD 0 | USD 10 |
Alison and Chris cover a range of topics, including how to choose a Forex broker, safety and regulation, how to reduce your risk, trading psychology, trading platforms, and trading strategies, among others.
The FxScouts podcast helps beginner Forex traders get the best start to their trading careers.
