GO Markets vs IC Markets Forex Broker Comparison
A head-to-head comparison of GO Markets and IC Markets across regulation, trading costs, platforms, and editorial scoring.
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.
VS
Score 4.7 / 5
4 bonusesTrue ECN routing with raw 0.0 pip spreads on majors plus commission, deep liquidity, and the cleanest MT4 / MT5 / cTrader stack we test.
Our Verdict
IC Markets winsClear Winner
IC Markets comes out ahead with an editorial score of 4.7/5 compared to GO Markets's 4/5.
IC Markets
4.7/5
GO Markets
4/5
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 platform choice
Recommended
IC Markets offers more exclusive platform options: TradingView.
Best for beginners
Recommended
IC Markets edges out GO Markets with a higher editorial score (4.7/5 vs 4/5), indicating a stronger overall experience for new traders.
GO Markets vs IC Markets: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.0/ 5 | 4.7/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.0 / 5 | 4.6 / 5▲ |
Fees & Spreads 30% weight | 4.2 / 5 | 5.0 / 5▲ |
Platforms & Tools 20% weight | 3.9 / 5 | 4.6 / 5▲ |
Customer Support 10% weight | 3.8 / 5 | 4.5 / 5▲ |
| Founded | 2006 | 2007 |
| Headquarters | Melbourne, Australia | Sydney, Australia |
| Min deposit | $200 | $200 |
| Spreads from | 0 pips | 0 pips |
| Commission / lot | $5/lot | $7/lot |
| Max leverage | 500:1 | 500:1 |
| Withdrawal fee | Free | Free |
| Regulators | ASIC CySEC FSC | FSCA ASIC CySEC |
| Platforms | MetaTrader 4 MetaTrader 5 cTrader | MetaTrader 4 MetaTrader 5 cTrader TradingView |
| Active bonuses | ||
| Visit broker | Visit GO Markets | Visit IC Markets |
GO Markets vs IC Markets Forex Broker Pros & Cons
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
Pros
True ECN routing with raw 0.0 pip spreads
All three major platforms (MT4, MT5, cTrader)
Deep liquidity from 25+ tier-1 sources
Regulated by top-tier authorities (FCA, ASIC, CySEC)
Client funds held in segregated accounts
Negative balance protection
Investor compensation scheme coverage
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
$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
Cons
Not available to US residents
Higher minimum deposit than IG/OANDA
No proprietary platform
GO Markets vs IC Markets: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
Highlighted rows show where the two brokers differ
| Criteria | GO Markets | IC 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 | Pass | Pass |
| Multilingual support | Pass | Pass |
GO Markets vs IC Markets: Frequently Asked Questions
Based on our independent editorial scoring, IC Markets ranks higher with a score of 4.7/5 vs 4/5 for GO Markets. The best choice still depends on your individual trading needs; GO Markets and IC Markets may each suit different trader profiles.
Both GO Markets and IC Markets offer spreads starting from 0 pips, making them equivalent on this metric. Consider commissions and account types when evaluating total trading costs.
Both GO Markets and IC Markets require a minimum deposit of $200 to open a live trading account.
Both GO Markets and IC 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: both brokers offer negative balance protection. Also weigh up educational resources and customer support quality before deciding.
GO Markets offers maximum leverage of 500:1, while IC 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 IC Markets's $7 per lot. Lower commissions benefit active traders who execute many trades per day.
GO Markets supports MetaTrader 4, MetaTrader 5, cTrader and IC Markets offers MetaTrader 4, MetaTrader 5, cTrader, TradingView; both support MetaTrader 4, MetaTrader 5, cTrader; IC Markets exclusively offers TradingView.
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Score 4 / 5
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