Go Markets
Teletrade
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Overview
Go Markets was founded in 2009 and is headquartered in Australia, while Teletrade was established in 2008 and is based in Cyprus. Go Markets holds licences including Australian Securities and Investment Commission (ASIC), while Teletrade is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. Go Markets serves 10,000+ clients worldwide; Teletrade has 50,000+. The minimum deposit is $1 at Go Markets and $100 at Teletrade.
| Feature | Go Markets | Teletrade |
|---|---|---|
| Min. Deposit | $1 | $100 |
| Regulation | Australian Securities and Investment Commission (ASIC) | Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID) |
| Founded | 2009 | 2008 |
| Country | Australia | Cyprus |
| Clients | 10,000+ | 50,000+ |
Fees
Fees are a critical factor when choosing between Go Markets and Teletrade, directly affecting your bottom line as a trader. Go Markets has a lower barrier to entry with a minimum deposit of $1 (vs $100 at Teletrade). Go Markets charges withdrawal fees while Teletrade does not, a notable advantage for frequent withdrawers. Overall, Go Markets scores higher on fees in our assessment.
| Feature | Go Markets | Teletrade |
|---|---|---|
| Min. Deposit | $1 | $100 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | Yes |
Platforms
Go Markets offers MT5, cTrader, while Teletrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Go Markets supports social and copy trading features, which Teletrade does not offer. Teletrade edges ahead on platform breadth and functionality in our scoring.
| Feature | Go Markets | Teletrade |
|---|---|---|
| MT4 | No | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, Web Trader, Binary, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps (Ios & Android) |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Go Markets and Teletrade compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. Both integrate third-party research tools including Trading Central. Archived webinars are available at both brokers for self-paced learning. The two brokers are evenly matched on educational content.
| Feature | Go Markets | Teletrade |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Go Markets accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while Teletrade supports 2 (Skrill, Neteller). Go Markets uniquely supports bank transfer and credit/debit card among the two brokers. Teletrade uniquely supports Skrill and Neteller among the two brokers. Go Markets scores higher on deposit and withdrawal flexibility.
| Feature | Go Markets | Teletrade |
|---|---|---|
| Bank Transfer | Yes | No |
| Credit Card | Yes | No |
| PayPal | No | No |
| Skrill | No | Yes |
| Neteller | No | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Go Markets and Teletrade offer live chat support. Both provide phone support. Email support is available at both brokers. Go Markets supports 2 languages and Teletrade supports 15, giving Teletrade broader global reach. Both brokers are comparable on support quality.
| Feature | Go Markets | Teletrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian |