GO Marketsvs
Interactive BrokersForex Broker Comparison
This matchup contrasts GO Markets' ECN pricing and multiple platforms with Interactive Brokers' global access and low margin rates, highlighting tradeoffs in trust, costs, and platforms.
Our Verdict
Interactive Brokers winsClear Winner
Interactive Brokers edges GO Markets on the overall editorial score due to broader market access and the lowest margin rates in the industry.
Interactive Brokers
4.6/5
GO Markets
4.0/5
Key Differences
- 1Instruments offered: GO Markets about 350, Interactive Brokers about 17,000.
- 2Platform options: GO Markets MT4/MT5 and cTrader; Interactive Brokers uses TWS.
- 3Minimum deposit differs: GO Markets $200; Interactive Brokers $0.
Who should choose GO Markets vs Interactive Brokers?
Find out which broker best suits your trader profile.
Choose GO Markets if…
Choose GO Markets if you want ASIC regulation with a long Australian track record and access to MT4/MT5 and cTrader.
Choose Interactive Brokers if…
Choose Interactive Brokers if you seek global market access with 17,000+ instruments and a proprietary platform.
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
Recommended
GO Markets offers tighter spreads from 0.00 pips vs 0.20 pips for Interactive Brokers, reducing trading costs.
Best for safety & regulation
GO Markets vs Interactive Brokers: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.0/ 5 | 4.6/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.0 / 5 | 4.8 / 5▲ |
GO Markets vs Interactive Brokers 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 Interactive Brokers: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
2
GO Markets
criteria wins
1
Interactive Brokers
criteria win
Highlighted rows show where the two brokers differ
| Criteria | GO Markets | Interactive Brokers |
|---|---|---|
| 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 | Fail |
| Proprietary platform | Fail | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Fail |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Pass |
GO Markets vs Interactive Brokers: Frequently Asked Questions
Interactive Brokers rates 4.6/5 versus 4/5 for GO Markets. Interactive Brokers edges ahead on our composite score, though both brokers meet a reasonable standard for most traders.
GO Markets starts from 0 pips, tighter than Interactive Brokers's 0.2 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
Interactive Brokers has no minimum deposit, while GO Markets requires at least $200. This makes Interactive Brokers more accessible for traders with limited starting capital.
Both GO Markets and Interactive Brokers 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: Interactive Brokers has no minimum deposit, removing the capital barrier entirely, and both brokers provide negative balance protection. Also compare demo account availability and educational resources before deciding.
GO Markets lists maximum leverage of 500:1, while Interactive Brokers lists up to 50:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
Interactive Brokers charges $2 per lot, lower than GO Markets's $5 per lot. Lower commissions benefit active traders who execute many trades per day.
GO Markets supports cTrader, MetaTrader 5, MetaTrader 4, while Interactive Brokers supports Trader Workstation (TWS), Proprietary Web/Mobile. GO Markets has exclusive access to cTrader and MetaTrader 5 and MetaTrader 4. Interactive Brokers has exclusive access to Trader Workstation (TWS) and Proprietary Web/Mobile.
