GoFX vs Baxia Markets
GoFX or Baxia Markets – which is better for UK traders 2024? Compare GoFX and Baxia Markets in this detailed breakdown of their platforms, features and fees.
| GoFX | Baxia Markets |
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| GoFX is ranked #54 among CFD brokers. | Baxia Markets is ranked #77 among CFD brokers. |
| 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. | Baxia Markets is an offshore CFD broker that offers trading on forex, commodities and indices with tight spreads on a straight-through processing model with ultra-low latency. Trade on MetaTrader 4 or MetaTrader 5 with leverage up to 1:500 and no restrictions to scalping or hedging strategies. Users also benefit from third-party copy trading services. |
| Pros | |
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| Cons | |
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| Awards | |
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| FCA Regulated | |
| No | No |
| Instruments | |
| Forex, Cryptos, CFDs on Stocks, Indices & Commodities | CFDs on Forex, Commodities, Cryptos & Indices |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $1 | $50 |
| Payment Methods | |
| Minimum Trade | |
| 0.01 Lots | 0.01 Lots |
| Regulator | |
| FSA | SCB, FSA |
| Mobile Apps | |
| iOS & Android | MT4 & MT5 iOS & Android |
| iOS App Rating | |
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| Android App Rating | |
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| Margin Trading | |
| Yes | Yes |
| MetaTrader 4 | |
| Yes | Yes |
| MetaTrader 5 | |
| No | Yes |
| cTrader | |
| No | No |
| AlgoTrader | |
| No | No |
| OmniTrader | |
| No | No |
| TradingView | |
| No | No |
| Autochartist | |
| No | No |
| eSignal | |
| No | No |
| Trading Central | |
| No | No |
| STP Account | |
| No | Yes |
| ECN Account | |
| No | No |
| 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 | No |
| Market Maker | |
| No | No |
| P2P Trading | |
| No | No |
| Spot Trading | |
| No | No |
| Auto Trading | |
| Expert Advisors (EAs) on MetaTrader | Expert Advisors (EAs) on MetaTrader |
| Copy Trading | |
| No | Yes |
| Copy Trading Platform | |
| Baxia Markets has partnered with award-winning copy trading solutions; Zulutrade and Myfxbook. These are among the most well-regarded copy trading apps that connect aspiring traders to seasoned investors. | |
| Social Trading | |
| No | Yes |
| Trade Signals | |
| Yes (via MT4) | |
| VPS Hosting | |
| No | Yes |
| Tournaments | |
| No | No |
| Demo Competitions | |
| No | Yes |
| Ethical Investing | |
| No | No |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | No |
| Inactivity Fee | |
| $0 | |
| Islamic Account | |
| Yes | No |
| Account Currencies | |
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| Commodities | |
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| CFD | |
| 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. | Trade CFDs on 75+ instruments, including forex, energies, metals, and indices with variable leverage up to 1:500 on major pairs, 1:200 on minors and exotics and 1:100 on commodities and energies. |
| Leverage | |
| 1:3000 | 1:500 |
| FTSE Spread | |
| 0.01 | From 1.0 |
| GBPUSD Spread< | |
| 0.00001 | From 0.0 |
| Oil Spread | |
| 0.01 | From 1.0 |
| Stocks Spread | |
| Variable | N/A |
| Forex | |
| 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. | Trade 45+ major, minor and exotic pairs with deep liquidity and low latency. The ultra-tight spreads from 0.01 pips on raw accounts, competitive $7 or lower round-turn commissions and high leverage up to 1:500 will suit scalpers, who can trade without limits. |
| Assets | |
| 28 | 56 |
| GBPUSD Spread | |
| 0.00001 | From 0.0 |
| EURUSD Spread | |
| 0.00001 | From 0.0 |
| EURGBP Spread | |
| 0.00001 | From 0.0 |
| Cryptocurrency | |
| 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. | Trade popular crypto-fiat crosses with low spreads. Clients can speculate on short-term price fluctuations with powerful trading tools, low fees and reliable risk management features. |
| Spread | |
| 0.0001 | Variable |
| Coins | |
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| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| No | No |
| GoFX | Baxia Markets |
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