GO Marketsvs
IC MarketsForex Broker Comparison
GO Markets and IC Markets face off on true ECN pricing, platform options, and regulation. The tension lies between cost transparency and instrument depth.
Our Verdict
IC Markets winsClear Winner
IC Markets has the higher editorial score (4.7 vs 4.0), making it the overall winner.
IC Markets
4.7/5
GO Markets
4.0/5
Key Differences
- 1IC Markets provides true ECN routing with 0.0 pip raw spreads.
- 2IC Markets adds TradingView to its platform options.
- 3GO Markets charges $5 per lot ECN commission.
Who should choose GO Markets vs IC Markets?
Find out which broker best suits your trader profile.
Choose GO Markets if…
Choose GO Markets if you value ASIC regulation and true ECN pricing with a $5/lot commission.
Choose IC Markets if…
Choose IC Markets if you want the widest instrument range and access to MT4, MT5, and cTrader with raw spreads.
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
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▲ |
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
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
IC Markets rates 4.7/5 versus 4/5 for GO Markets. IC Markets edges ahead on our composite score, though both brokers meet a reasonable standard for most traders.
Both GO Markets and IC Markets start from 0 pips, making them equivalent on this metric. Compare commissions and account types to evaluate 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. Check each broker's specific regulatory bodies to confirm coverage in your jurisdiction.
For beginners, both brokers provide negative balance protection. Also compare demo account availability and educational resources on each broker's site before deciding.
GO Markets lists maximum leverage of 500:1, while IC 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.
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 cTrader, MetaTrader 5, MetaTrader 4, while IC Markets supports cTrader, MetaTrader 5, TradingView, MetaTrader 4. Both provide cTrader and MetaTrader 5 and MetaTrader 4. IC Markets has exclusive access to TradingView.
