FXOpenvs
GO MarketsForex Broker Comparison
FXOpen and GO Markets face off on regulation, costs, and platform options. The outcome hinges on whether trust and price trump platform breadth.
Our Verdict
FXOpen winsby 0.2 pts
FXOpen edges GO Markets on the editorial score, due to stronger regulation and lower ECN costs.
No commercial relationship. The verdict and scores are entirely editorial. No payment influences this comparison.
Key Differences
- 1Phone support is available at GO Markets but not FXOpen.
- 2FXOpen holds FCA, CySEC, ASIC; GO Markets uses ASIC and CySEC.
- 3FXOpen offers 700 instruments while GO Markets has 350.
Who should choose FXOpen vs GO Markets?
Find out which broker best suits your trader profile.
Choose FXOpen if…
Choose FXOpen if you want triple regulation and low ECN commissions.
Choose GO Markets if…
Choose GO Markets for phone support and true ECN execution.
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 0.00 pips.
Best for safety & regulation
It’s a tie
Both equally suited
FXOpen vs GO Markets: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.2/ 5 | 4.0/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.5 / 5▲ | 4.0 / 5 |
FXOpen vs GO Markets Forex Broker Pros & Cons
Pros
FCA, CySEC, and ASIC triple regulation
$3 round-turn ECN commission, one of the lowest in retail forex
Early cTrader adopter with mature integration
MT4, MT5, and cTrader all available
Client funds held in segregated accounts
FXOpen vs GO Markets: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
0
FXOpen
criteria wins
1
GO Markets
criteria win
Highlighted rows show where the two brokers differ
| Criteria | FXOpen | GO Markets |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Pass |
| Compensation scheme (e.g. FSCS) | Pass | 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 | Pass | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Fail | Pass |
| Multilingual support | Pass | Pass |
FXOpen vs GO Markets: Frequently Asked Questions
The scores are close: FXOpen rates 4.2/5 and GO Markets rates 4/5. FXOpen has a marginal edge in our scoring, but the difference is small enough that your specific priorities — fees, platforms, or regulatory jurisdiction — should guide the final choice.
Both FXOpen and GO Markets start from 0 pips, making them equivalent on this metric. Compare commissions and account types to evaluate total trading costs.
FXOpen has $100, while GO Markets requires at least $200. This makes FXOpen more accessible for traders with limited starting capital.
Both FXOpen and GO Markets hold licences from top-tier regulators, indicating a high standard of regulatory oversight. Check each broker's specific regulatory bodies to confirm coverage in your jurisdiction.
For beginners, two factors stand out: FXOpen requires a lower minimum deposit ($100), lowering the barrier to entry, and both brokers provide negative balance protection. Also compare demo account availability and educational resources before deciding.
FXOpen lists maximum leverage of 500:1, while GO Markets lists up to 500:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
FXOpen charges $3 per lot, lower than GO Markets's $5 per lot. Lower commissions benefit active traders who execute many trades per day.
FXOpen supports cTrader, MetaTrader 5, MetaTrader 4, while GO Markets supports cTrader, MetaTrader 5, MetaTrader 4. Both provide cTrader and MetaTrader 5 and MetaTrader 4.
