GO Marketsvs
Saxo BankForex Broker Comparison
GO Markets and Saxo Bank clash over execution models, platform breadth, and regulatory standing. The comparison weighs raw costs against depth of platforms and safeguards.
Our Verdict
Saxo Bank winsClear Winner
Saxo Bank edges GO Markets on overall editorial score, supported by stronger regulation and a deeper multi-asset platform.
Saxo Bank
4.7/5
GO Markets
4.0/5
Key Differences
- 1GO Markets offers MT4/MT5; Saxo Bank uses proprietary platform.
- 2GO Markets offers raw spreads; Saxo Bank does not.
- 3GO Markets lists 350 instruments; Saxo Bank lists 71000.
Who should choose GO Markets vs Saxo Bank?
Find out which broker best suits your trader profile.
Choose GO Markets if…
Choose GO Markets if you want MT4/MT5 access and no inactivity fee.
Choose Saxo Bank if…
Choose Saxo Bank if you want a proprietary platform and tiered active-trader pricing.
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 0.60 pips for Saxo Bank, reducing trading costs.
Best for safety & regulation
It’s a tie
Both equally suited
GO Markets vs Saxo Bank: 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 | 4.9 / 5▲ |
GO Markets vs Saxo Bank 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 Saxo Bank: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
4
GO Markets
criteria wins
1
Saxo Bank
criteria win
Highlighted rows show where the two brokers differ
| Criteria | GO Markets | Saxo Bank |
|---|---|---|
| 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 | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Fail |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Pass |
GO Markets vs Saxo Bank: Frequently Asked Questions
Saxo Bank rates 4.7/5 versus 4/5 for GO Markets. Saxo Bank edges ahead on our composite score, though both brokers meet a reasonable standard for most traders.
GO Markets starts from 0 pips, tighter than Saxo Bank's 0.6 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
Saxo Bank has no minimum deposit, while GO Markets requires at least $200. This makes Saxo Bank more accessible for traders with limited starting capital.
Both GO Markets and Saxo Bank 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: Saxo Bank 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 Saxo Bank lists up to 30:1. 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 Saxo Bank are not currently available. Check their website for up-to-date pricing.
GO Markets supports cTrader, MetaTrader 5, MetaTrader 4, while Saxo Bank supports SaxoTraderGO, Proprietary Web/Mobile. GO Markets has exclusive access to cTrader and MetaTrader 5 and MetaTrader 4. Saxo Bank has exclusive access to SaxoTraderGO and Proprietary Web/Mobile.
