GO Markets vs Plus500 Forex Broker Comparison
A head-to-head comparison of GO Markets and Plus500 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
LSE-listed with zero commission, intuitive proprietary platform, and negative balance protection - though limited research and no MT4.
Our Verdict
Too close to call
GO Markets and Plus500 are extremely closely matched with scores of 4/5 and 4/5. The right choice depends on your individual trading priorities.
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 pips vs 0.6 pips for Plus500, reducing trading costs.
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 active traders
Recommended
GO Markets has a cost edge: raw/ECN spreads, tighter spreads from 0 pips.
Best for platform choice
It's a tie
Both equally suited
Both brokers offer an equivalent platform selection with similar exclusive and proprietary options.
Best for beginners
Recommended
Both brokers share the same editorial score of 4/5, but Plus500 requires a lower minimum deposit ($100 vs $200 for GO Markets), making it more accessible for new traders.
GO Markets vs Plus500: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.0/ 5 | 4.0/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.0 / 5 | 4.2 / 5▲ |
Fees & Spreads 30% weight | 4.2 / 5▲ | 4.0 / 5 |
Platforms & Tools 20% weight | 3.9 / 5▲ | 3.7 / 5 |
Customer Support 10% weight | 3.8 / 5 | 3.9 / 5▲ |
| Founded | 2006 | 2008 |
| Headquarters | Melbourne, Australia | Haifa, Israel |
| Min deposit | $200 | $100 |
| Spreads from | 0 pips | 0.6 pips |
| Commission / lot | $5/lot | N/A |
| Max leverage | 500:1 | 30:1 |
| Withdrawal fee | Free | Free |
| Regulators | ASIC CySEC FSC | FCA ASIC MAS CySEC CMA |
| Platforms | MetaTrader 4 MetaTrader 5 cTrader | Proprietary Web/Mobile |
| Active bonuses | ||
| Visit broker | Visit GO Markets | Visit Plus500 |
GO Markets vs Plus500 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
LSE-listed providing strong institutional credibility
Zero commission on all trades
Intuitive proprietary platform with a clean mobile app
Negative balance protection across all accounts
Regulated by top-tier authorities (FCA, ASIC, CySEC)
Client funds held in segregated accounts
Investor compensation scheme coverage
No deposit fees
Transparent pricing with clear cost disclosure
24/5 live chat support
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
No MT4 or MT5 support
Limited research tools and market analysis
US residents not accepted
No copy trading
No raw spread account option
Inactivity fee applies
No MetaTrader support
Limited charting capabilities
No phone support
GO Markets vs Plus500: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
5
GO Markets
criteria wins
1
Plus500
criteria win
Highlighted rows show where the two brokers differ
| Criteria | GO Markets | Plus500 |
|---|---|---|
| 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 | Fail |
| Proprietary platform | Fail | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Fail |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Fail |
| Multilingual support | Pass | Pass |
GO Markets vs Plus500: Frequently Asked Questions
GO Markets and Plus500 share the same editorial score of 4/5. The right choice depends on your priorities: trading costs, platform preference, or regulatory coverage.
GO Markets offers tighter spreads starting from 0 pips, compared to Plus500's spreads from 0.6 pips. Tighter spreads lower the cost per trade, particularly valuable for high-frequency and scalping strategies.
Plus500 has a lower minimum deposit of $100, while GO Markets requires at least $200. This makes Plus500 more accessible for traders with limited starting capital.
Both GO Markets and Plus500 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: Plus500 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.
GO Markets offers maximum leverage of 500:1, while Plus500 offers up to 30:1. 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 on commission-based accounts. Commission details for the other broker are not currently available. Check their website for up-to-date pricing.
GO Markets supports MetaTrader 4, MetaTrader 5, cTrader and Plus500 offers Proprietary Web/Mobile; GO Markets exclusively offers MetaTrader 4, MetaTrader 5, cTrader; Plus500 exclusively offers Proprietary Web/Mobile.
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Score 4 / 5
Score 4 / 5
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