Forex Broker Comparison
Detailed side-by-side analysis
Quick Summary
Best for Beginners
XM
$5.00Tightest Spreads
XM
From 0.6 pips (Ultra Low/Zero accounts); average 1 pip on Standard pipsHighest Leverage
GODO
1:Up to 1:500Best Rated
XM
Mobile Trading
Both
✓✓General Information
XM
Regulation
ASIC (Australia), CySEC (Cyprus), DFSA (Dubai, UAE)
Founded
N/A
Headquarters
Cyprus
Overall Rating
GODO
Regulation
FSC (Mauritius)
Founded
N/A
Headquarters
Mauritius
Overall Rating
Trading Conditions
| Feature | XM | GODO |
|---|---|---|
| Minimum Deposit | $5.00 | $10.00 |
| Average Spreads | From 0.6 pips (Ultra Low/Zero accounts); average 1 pip on Standard | Starting from 0.0 pips on Zero accounts; 0.7 pips on Pro; 1.2 pips on Standard |
| Maximum Leverage | Up to 1:1000 | Up to 1:500 |
| Commission | None | None |
Account Types
XM
GODO
Platforms & Tools
XM
MetaTrader 4, MetaTrader 5
Mobile Trading
Available
Web Trading
Available
VPS Hosting
Available
Social Trading
Available
GODO
MetaTrader 4, MetaTrader 5, cTrader
Mobile Trading
Available
Web Trading
Available
VPS Hosting
Available
Social Trading
Available
Payments
XM
Deposit Methods
Credit/Debit Cards (Visa/MasterCard), Bank Wire Transfer, Skrill, Neteller, Google Pay, Local Methods (e.g., UnionPay in Asia)
Withdrawal Methods
Same as deposits: Credit/Debit Cards, Bank Wire, Skrill, Neteller (processed same-day for verified accounts)
Withdrawal Fee
None
GODO
Deposit Methods
bank wire transfer, debit/credit cards, Skrill/e-wallets and other electronic transfers (official terms list bank transfer, card, Skrill and “other acceptable e-wallets”)
Withdrawal Methods
bank transfer, credit/debit card refunds, Skrill/e-wallets (subject to KYC and the company’s withdrawal policy). Official terms state withdrawals are processed to the originating payment method where possible. Minimums and fees vary by method and country.
Withdrawal Fee
None
Support
XM
Support Languages
30+ (English, Arabic, Chinese, French, German, Spanish, Japanese, Russian, etc.)
Support Channels
24/5 customer support through live chat, email, and phone, with assistance available in multiple languages.
Account Manager
Not Available
GODO
Support Languages
Website offers multiple regional pages (English + localized pages suggested). The main site is English; localized (country) pages are visible.
Support Channels
24/7 via email (cs@godocm.com), phone (+230 5 255 6115), live chat, and WhatsApp; response times vary, with some users noting quick initial help but slower resolutions.
Account Manager
Available
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