Oinvest vs Go Markets - 2024 Comparison | FX Scouts Kenya
AuthorAuthor: Björn MichelsUpdated: Oct 12, 2023

Last Updated On Oct 12, 2023

Björn Michels

Trading with a reputable online broker is a crucial factor for success in the international markets. At FX Scouts Kenya, we help you find the broker that suits your trading needs.

Each year we spend thousands of hours testing brokers by opening accounts, testing their platforms, and rating them according to a set of over 200 metrics. We deposit real money with the brokers to ensure that the products and user experience they advertise are consistent with reality.

We have found that the best way for traders to choose a broker is to compare brokers side-by-side. The comparison tool below allows you to compare two brokers based on their ratings and features.

Select brokers to compare

Select brokers to compare

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Broker Score
Min. Deposit
Regulation
Trading Desk Type
Trading Instruments
Forex Pairs
Crypto Pairs
Pros
Cons
Regulation
Trading Conditions
Trading Platforms
Deposit & Withdrawal
Education & Research
Assets Available
Customer Service
% Lose with this broker
Leverage
Spread
Hedging
Scalping
Account Types
Islamic Account
Trading Platforms
Funding Methods
Trading Commission
110.5002.53/ 5 USD 250Market MakerCommodities, Cryptocurrencies, Forex, Indices497
  • ZAR Accounts
  • Wide range of assets
  • Local regulation only
  • High minimum deposit
  • Limited education
  • Limited market analysis
Read Review 000000/ 5 111003/ 5 111104/ 5 110.5002.5/ 5 10.50001.5/ 5 111104/ 5 1110.503.5/ 5 0500:10.70 pips Gold, Platinum, Silver MT4Bank Transfer, Visa, Mastercard, PayFastFees Included in Spread
11110.54.54/ 5 AUD 200ASIC Regulated Forex BrokersCySEC Regulated BrokersMarket Maker NDD, ECN/DMACommodities, Cryptocurrencies, Stock CFDs, Forex, Indices, Metals, Bonds, Shares4910
  • Fast and free withdrawals
  • Wide range of assets
  • Excellent market analysis
  • Innovative trading tools
  • High minimum deposit
  • No swap-free account option
Read Review 11110.54.5/ 5 11110.54.5/ 5 11110.54.5/ 5 111115/ 5 11110.54.5/ 5 111115/ 5 111104/ 5 62%30:10 pips GoPlus+, Standard MT4, MT5Bank Transfer, Visa, Mastercard, Skrill, Neteller, Fasapay, BPay, POLi4 USD / lot

How do Go Markets and Oinvest stack up against each other?

The Radar Chart below highlights how the brokers stack up against each other across various metrics. The highest score a broker can receive in each area is 5.

Go Markets

Oinvest

At FX Scouts Kenya, we help traders find the broker that suits their trading needs. In many cases, the best way to achieve this is to compare brokers side-by-side.

To compare Go Markets and Oinvest, we used the same factors we use when reviewing brokers: The trust and regulation of the broker, the trading platform, the costs and trading conditions, and the level of education and market analysis available at the broker.

Does Go Markets or Oinvest have a better trust and regulation rating?

Trust and regulation are some of the most important factors to consider when choosing a Forex broker. Trust in the Forex trading business is almost entirely founded upon regulation. We spend many hours evaluating the safety of each broker by delving into their fine print and confirming each one of their regulatory licences on the online registers. The more top-tier authorities a broker is regulated by, the higher its trust rating.

In our comparison, we found that Go Markets holds two Tier 1 and no Tier 2 licences, and Oinvest holds no Tier 1 and no Tier 2 licences.

 

Is Go Markets financially regulated?

Yes Go Markets was founded in 2006 and is regulated by ASIC and CySEC.

 

Is Oinvest financially regulated?

No Oinvest is not adequately regulated.

 

Based on these findings, Go Markets earned a higher trust rating than Oinvest.

Does Go Markets or Oinvest have lower costs?

Another important aspect we consider when comparing brokers is the cost of trading. When evaluating trading costs, we always consider the minimum deposit required to open an account and the ongoing trading costs, including the spreads and commissions. When calculating trading costs, we measure the cost to trade one lot of EUR/USD using the broker’s account with the lowest minimum deposit. The cost includes both the spread and any commission charged. 

Not all brokers publish their trading costs, so we often open accounts and trade on their platforms to verify the spreads and commissions. Based on our reviews, we found that Go Markets has overall lower trading costs than Oinvest. 

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Broker
Trading Conditions
Base Currencies
EURUSD (Standard)
Trading Cost (Standard)
EURUSD (Best)
GBPUSD (Best)
USDJPY (Best)
Commission
Oinvest
111003/ 5
ZAR, USD
2.20 pips
USD 22
0.70 pips
1.30 pips
0.80 pips
USD 0
Go Markets
11110.54.5/ 5
AUD, USD, GBP, EUR, NZD, SGD, CAD, CHF, HKD, PLN
0.00 pips
USD 4
0.00 pips
0.00 pips
0.00 pips
USD 4

 

Does Go Markets or Oinvest offer a better choice of trading platforms?

Traders want Forex brokers to offer them a choice of trading platforms, so we give brokers who offer multiple platforms higher ratings. Trading platforms we consider include MetaTrader4, MetaTrader5, cTrader and proprietary mobile and web-based platforms. 

In this case, Go Markets offers support for and Oinvest offers support for . 

Do the brokers offer copy trading?

Copy trading is a great option for beginner traders who can’t trade full-time or lack experience with Forex trading. In this case both Go Markets and Oinvest offer copy trading.

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Broker
Platform Choice
Copy Trading
Platforms
Oinvest
111104/ 5
Go Markets
11110.54.5/ 5

 

Which broker offers a better choice of trading instruments?

A variety of CFD instruments – and a large range of CFDs for each instrument category allow traders more opportunities for profitable trading. The best brokers will have thousands of CFDs to trade, covering all these instrument categories. We found that 0 offers a greater range and depth of instruments to trade than 0. 0 offers 49 Forex pairs to trade and 0 offers 49 Forex pairs to trade.

Toplist Forex Pairs

And what about Cryptocurrencies?

In this case, Go Markets offers 10 cryptocurrencies while Oinvest offers 7 cryptocurrencies. So if you want to trade cryptocurrencies, we advise trading with Go Markets.

Which broker offers better deposit and withdrawal processes?

Although brokers may have reasonable trading fees, many traders are caught out by the high non-trading fees charged by some brokers, including deposits and withdrawals. Traders want to be able to deposit and withdraw funds quickly and cheaply. Most brokers have multiple funding methods with zero fees for making deposits, but some brokers make it more expensive and take longer to process withdrawals. 

We rate brokers more highly that process withdrawals within 24 hours by multiple withdrawal methods and without charging processing fees. We found that neither Go Markets nor Oinvest charges a withdrawal fee. Overall, Go Markets has better deposit and withdrawal processes than Oinvest. 

Which broker offers better educational support?

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 Oinvest. Both Go Markets and Oinvest offer educational support for more experienced traders.

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Broker
Beginner Course
Advanced Course
Well Structured Education
Education Quality
Webinars
Oinvest
Low
Go Markets
Medium

 

Which broker offers better market analysis materials?

To successfully predict the price movements of an instrument, traders will need access to frequent market research and analysis. We find that research and market analysis are always better when they are produced in-house and updated frequently. Third-party resources don’t show the same expertise in trading ideas, so we place a strong emphasis on frequent in-house updates. Some brokers also often offer interactive webinars where traders can learn from experts in the field. 

We found that Go Markets offers better research analysis than Oinvest and that both Go Markets and Oinvest offer frequent webinars.

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Broker
Economic Calendar
Autochartist
Trading Central
Trading View
Free VPS
Oinvest
Go Markets

 

Our overall Verdict on Go Markets

GO Markets was founded in 2006 and was the first Australian MetaTrader broker. Though it only offers two account options, one with a dealing desk and wider spreads and the other an ECN with tight spreads and commission, both are competitive. Though much of the education section is paywalled for customers only, the content is excellent GO Markets offer full support for MT4 and MT5.

GO Markets really shines with its suite of trading tools including a free VPS service, Autochartist and Trading Central. A technological innovator, GO Markets works hard to keep low-latency trading, reliable customer service and stable platforms at the core of their offering.

Our overall Verdict on Oinvest

Due to the number of complaints we have received from clients of Oinvest, we have chosen not to recommend them to visitors of this website.  We suggest that traders continue their search with other FSCA regulated brokers, or our list of best Forex brokers in Kenya.

Oinvest is a South African market maker broker and was founded in 2012. It was regulated by the FSCA but had their FSCA license withdrawn in October 2020 following numerous public complaints.

Which broker has the highest overall rating?

Go Markets has an overall rating of 4.54 and Oinvest has an overall rating of 2.53. For more detail please read our reviews of Go Markets and Oinvest.

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