FBS vs GO Markets Forex Broker Comparison
A head-to-head comparison of FBS and GO Markets across regulation, trading costs, platforms, and editorial scoring.
Offshore broker with CySEC and IFSC licensing, dominant in Southeast Asia and MENA through heavy localised marketing and generous bonuses - best evaluated on regulatory strength rather than promotion value.
VS
Score 4 / 5
2 bonusesTrue ECN pricing, three platform options, and ASIC regulation - a solid choice for Australian traders though with a higher minimum deposit than peers.
Our Verdict
GO Markets winsby 0.1 pts
GO Markets edges ahead with a score of 4/5 vs FBS's 3.9/5. A narrow margin, so review the breakdown below to see where each broker has a clear advantage.
Verdict by Trader Profile
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Best for low cost trading
It's a tie
Both equally suited
Both brokers offer spreads from 0 pips.
Best for safety & regulation
Recommended
GO Markets has a stronger safety profile: top-tier regulation, compensation scheme, segregated funds, negative balance protection.
Best for platform choice
Recommended
GO Markets offers more exclusive platform options: cTrader.
Best for beginners
Recommended
GO Markets edges out FBS with a higher editorial score (4/5 vs 3.9/5), indicating a stronger overall experience for new traders.
FBS vs GO Markets: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 3.9/ 5 | 4.0/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 3.5 / 5 | 4.0 / 5▲ |
Fees & Spreads 30% weight | 4.0 / 5 | 4.2 / 5▲ |
Platforms & Tools 20% weight | 3.8 / 5 | 3.9 / 5▲ |
Customer Support 10% weight | 4.0 / 5▲ | 3.8 / 5 |
| Founded | 2009 | 2006 |
| Headquarters | Belize City, Belize | Melbourne, Australia |
| Min deposit | $1 | $200 |
| Spreads from | 0 pips | 0 pips |
| Commission / lot | $20/lot | $5/lot |
| Max leverage | 3000:1 | 500:1 |
| Withdrawal fee | Free | Free |
| Regulators | FSCA CySEC IFSC | ASIC CySEC FSC |
| Platforms | MetaTrader 4 MetaTrader 5 | MetaTrader 4 MetaTrader 5 cTrader |
| Active bonuses | ||
| Visit broker | Visit FBS | Visit GO Markets |
FBS vs GO Markets Forex Broker Pros & Cons
Pros
Very low $1 minimum deposit on Cent accounts
MT4 and MT5 on all account types
Multiple account types including Cent, Zero Spread, and ECN
Widely available across Southeast Asia, MENA, and Africa
Client funds held in segregated accounts
Negative balance protection
No deposit fees
No inactivity fee
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Multilingual customer support
Pros
True ECN execution with three platform options
ASIC-regulated with a clean Australian track record since 2006
Competitive $5 round-turn ECN commission
Good for Australia and Asia-Pacific timezone traders
Client funds held in segregated accounts
Negative balance protection
Investor compensation scheme coverage
Raw spread account available
No deposit fees
No inactivity fee
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Advanced charting tools included
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Multilingual customer support
Cons
Primary entity uses IFSC Belize - offshore, limited investor protection
Bonus turnover requirements are onerous
Very high leverage (3000:1) is a significant risk factor for retail clients
No top-tier regulatory licence
No investor compensation scheme
No proprietary platform
Limited charting capabilities
Cons
$200 minimum deposit is higher than many ECN peers
Less brand recognition outside Australia and Asia-Pacific
CySEC entity is offshore for non-AU clients
No proprietary platform
FBS vs GO Markets: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
0
FBS
criteria wins
3
GO Markets
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | FBS | GO Markets |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Fail | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Pass |
| Compensation scheme (e.g. FSCS) | Fail | Pass |
| Fees & Spreads | ||
| Raw/ECN spreads available | Pass | Pass |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Pass |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Fail | Fail |
| Mobile app | Pass | Pass |
| Advanced charting tools | Fail | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Pass |
FBS vs GO Markets: Frequently Asked Questions
Based on our independent editorial scoring, GO Markets ranks higher with a score of 4/5 vs 3.9/5 for FBS. The best choice still depends on your individual trading needs; FBS and GO Markets may each suit different trader profiles.
Both FBS and GO Markets offer spreads starting from 0 pips, making them equivalent on this metric. Consider commissions and account types when evaluating total trading costs.
FBS has a lower minimum deposit of $1, while GO Markets requires at least $200. This makes FBS more accessible for traders with limited starting capital.
GO Markets holds top-tier regulation (ASIC, CySEC, FSC), providing stronger investor protections. FBS may be regulated but does not hold top-tier status in our data. Always verify regulatory status with the broker directly before depositing funds.
For beginners: FBS has a lower minimum deposit ($1), lowering the barrier to entry; both brokers offer negative balance protection. Also weigh up educational resources and customer support quality before deciding.
FBS offers maximum leverage of 3000:1, while GO Markets offers up to 500:1. Available leverage varies by account type, instrument, and jurisdiction. Higher leverage amplifies both potential profits and losses. Always use appropriate risk management.
GO Markets charges $5 per lot, lower than FBS's $20 per lot. Lower commissions benefit active traders who execute many trades per day.
FBS supports MetaTrader 4, MetaTrader 5 and GO Markets offers MetaTrader 4, MetaTrader 5, cTrader; both support MetaTrader 4, MetaTrader 5; GO Markets exclusively offers cTrader.
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