FXOpen vs GO Markets Forex Broker Comparison
A head-to-head comparison of FXOpen and GO Markets across regulation, trading costs, platforms, and editorial scoring.
Triple-regulated ECN specialist (FCA, CySEC, ASIC) and early cTrader adopter with one of the lowest commission structures in retail ECN - $1.5 per side per lot - making it highly cost-effective for active traders.
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
FXOpen winsby 0.2 pts
FXOpen edges ahead with a score of 4.2/5 vs GO Markets's 4/5. 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
It's a tie
Both equally suited
Both brokers show an equally strong safety profile across regulation, fund protection, and client safeguards.
Best for beginners
Recommended
FXOpen edges out GO Markets with a higher editorial score (4.2/5 vs 4/5), indicating a stronger overall experience for new traders.
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 |
Fees & Spreads 30% weight | 4.8 / 5▲ | 4.2 / 5 |
Platforms & Tools 20% weight | 4.4 / 5▲ | 3.9 / 5 |
Customer Support 10% weight | 4.0 / 5▲ | 3.8 / 5 |
| Founded | 2003 | 2006 |
| Headquarters | London, United Kingdom | Melbourne, Australia |
| Min deposit | $100 | $200 |
| Spreads from | 0 pips | 0 pips |
| Commission / lot | $3/lot | $5/lot |
| Max leverage | 500:1 | 500:1 |
| Withdrawal fee | Free | Free |
| Regulators | FCA ASIC CySEC | ASIC CySEC FSC |
| Platforms | MetaTrader 4 MetaTrader 5 cTrader | MetaTrader 4 MetaTrader 5 cTrader |
| Active bonuses | ||
| Visit broker | Visit FXOpen | Visit GO Markets |
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
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
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
$100 minimum deposit on ECN accounts
Less brand recognition than larger competitors
Customer support coverage narrower than global tier-1 brokers
No proprietary platform
No phone support
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
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
Based on our independent editorial scoring, FXOpen ranks higher with a score of 4.2/5 vs 4/5 for GO Markets. The best choice still depends on your individual trading needs; FXOpen and GO Markets may each suit different trader profiles.
Both FXOpen 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.
FXOpen has a lower minimum deposit of $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. Both are considered safe. Check each broker's specific regulatory bodies to confirm coverage in your jurisdiction.
For beginners: FXOpen has a lower minimum deposit ($100), lowering the barrier to entry; both brokers offer negative balance protection. Also weigh up educational resources and customer support quality before deciding.
FXOpen offers maximum leverage of 500:1, 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.
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 MetaTrader 4, MetaTrader 5, cTrader and GO Markets offers MetaTrader 4, MetaTrader 5, cTrader; both support MetaTrader 4, MetaTrader 5, cTrader.
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