GO Marketsvs
OANDAForex Broker Comparison
This comparison pits GO Markets against OANDA across regulation, pricing, and platform depth, highlighting how ECN access and minimum deposits shape suitability for different traders.
Our Verdict
OANDA winsClear Winner
OANDA outpaces GO Markets on overall editorial score and regulator breadth, making it the stronger choice for protection and cross-platform access.
OANDA
4.6/5
GO Markets
4.0/5
Key Differences
- 1Raw spreads are available with GO Markets only.
- 2OANDA provides a proprietary platform alongside MT4 and MT5.
- 3GO Markets offers 350 instruments, far more than OANDA's 70.
Who should choose GO Markets vs OANDA?
Find out which broker best suits your trader profile.
Choose GO Markets if…
Choose GO Markets if you want true ECN execution with a $5/lot commission and access to MT4, MT5, or cTrader.
Choose OANDA if…
Choose OANDA if you value a $0 minimum deposit, a proprietary platform alongside MT4/MT5, and broad multi-jurisdiction regulation.
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 1.00 pips for OANDA, reducing trading costs.
Best for safety & regulation
It’s a tie
Both equally suited
GO Markets vs OANDA: 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 OANDA 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 OANDA: 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
OANDA
criteria win
Highlighted rows show where the two brokers differ
| Criteria | GO Markets | OANDA |
|---|---|---|
| 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 | Fail |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Fail |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Fail | Pass |
| 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 OANDA: Frequently Asked Questions
OANDA rates 4.6/5 versus 4/5 for GO Markets. OANDA edges ahead on our composite score, though both brokers meet a reasonable standard for most traders.
GO Markets starts from 0 pips, tighter than OANDA's 1 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
OANDA has no minimum deposit, while GO Markets requires at least $200. This makes OANDA more accessible for traders with limited starting capital.
Both GO Markets and OANDA 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: OANDA 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 OANDA 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.
GO Markets charges $5 per lot on commission-based accounts. Commission details for OANDA are not currently available. Check their website for up-to-date pricing.
GO Markets supports cTrader, MetaTrader 5, MetaTrader 4, while OANDA supports MetaTrader 5, Proprietary Web/Mobile, TradingView, MetaTrader 4. Both provide MetaTrader 5 and MetaTrader 4. GO Markets has exclusive access to cTrader. OANDA has exclusive access to Proprietary Web/Mobile and TradingView.
