GO Marketsvs
TPFxForex Broker Comparison
Two brokers face off on regulation, pricing, and product breadth. The tension lies in trust, cost, and platform choices across regions.
Our Verdict
GO Markets winsby 0.3 pts
GO Markets outpaces TPFx on the editorial score, supported by ASIC regulation and a broader instrument suite. The overall gap is 0.3 points.
No commercial relationship. The verdict and scores are entirely editorial. No payment influences this comparison.
Key Differences
- 1Advanced charting is available on GO Markets but not on TPFx.
- 2GO Markets offers 350 instruments versus 50 at TPFx.
- 3TPFx provides a proprietary platform while GO Markets does not.
Who should choose GO Markets vs TPFx?
Find out which broker best suits your trader profile.
Choose GO Markets if…
Choose GO Markets if you want ASIC regulation and a broad 350-instrument offering. You also access three platforms with advanced charting and multilingual support.
Choose TPFx if…
Choose TPFx if you are an Indonesian resident seeking BAPPEBTI and OJK licensing. You trade MT5 and a proprietary platform with IDR funding.
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 1.50 pips for TPFx, reducing trading costs.
Best for safety & regulation
Recommended
GO Markets vs TPFx: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.0/ 5 | 3.7/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.0 / 5▲ | 3.7 / 5 |
GO Markets vs TPFx 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 TPFx: 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
TPFx
criteria win
Highlighted rows show where the two brokers differ
| Criteria | GO Markets | TPFx |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Fail |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Fail |
| Compensation scheme (e.g. FSCS) | Pass | Fail |
| 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 | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Fail |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Fail |
GO Markets vs TPFx: Frequently Asked Questions
The scores are close: GO Markets rates 4/5 and TPFx rates 3.7/5. GO Markets has a marginal edge in our scoring, but the difference is small enough that your specific priorities — fees, platforms, or regulatory jurisdiction — should guide the final choice.
GO Markets starts from 0 pips, tighter than TPFx's 1.5 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
TPFx has $60, while GO Markets requires at least $200. This makes TPFx more accessible for traders with limited starting capital.
GO Markets holds top-tier regulation (ASIC, CySEC, FSC), providing stronger investor protections. TPFx may be regulated but does not hold top-tier status in our data. Verify regulatory status on each regulator's public register before depositing funds.
For beginners, two factors stand out: TPFx requires a lower minimum deposit ($60), lowering the barrier to entry, and GO Markets provides negative balance protection, capping losses at your deposit amount. Also compare demo account availability and educational resources before deciding.
GO Markets lists maximum leverage of 500:1, while TPFx lists up to 100:1. 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 TPFx are not currently available. Check their website for up-to-date pricing.
GO Markets supports cTrader, MetaTrader 5, MetaTrader 4, while TPFx supports MetaTrader 5, Proprietary Web/Mobile. Both provide MetaTrader 5. GO Markets has exclusive access to cTrader and MetaTrader 4. TPFx has exclusive access to Proprietary Web/Mobile.
