Why choose GO Markets
GO Markets is a forex and CFD broker with low forex fees and favorable non-trading fees. The account opening process is fast and fully digital. The broker offers great educational tools, including forex courses.
On the negative side, the product portfolio at GO Markets is limited as the broker mainly offers forex and CFDs. Research tools could be better. Also, there is no investor protection for non-EU clients.
BrokerChooser gave GO Markets a 4.1/5 rating based on analyzing 600+ criteria and testing via opening a live account.
- Low forex fees
- Fast account opening
- Great educational tools
62% of retail CFD accounts lose money
Fees
- Low forex fees
- No withdrawal fee
- No inactivity fee
We compared GO Markets's fees with two similar brokers we selected, Fusion Markets and Vantage. These competitors were selected based on objective factors like products offered, client profile, fee structure, etc. See a more detailed comparison of GO Markets alternatives.
Low FX fees
GO Markets charges a forex commmission: $3.00 commission per lot per trade. Spread costs come on top of this, e.g. the EUR/USD spread is 0.2.
Broker | EURUSD spread | FX commission per lot |
---|---|---|
GO Markets | 0.2 | $3.00 commission per lot per trade |
Fusion Markets | 0.0 | $2.25 commission per lot per trade |
Vantage | 0.1 | $3.00 commission per lot per trade |
This is compared to its main competitors. The commission charged is €3 per lot per trade.
Low index CFD fees
All index CFD fees are built into the spread. The spread for S&P 500 index CFDs is 0.6.
Broker | S&P 500 CFD spread |
---|---|
GO Markets | 0.6 |
Fusion Markets | 0.3 |
Vantage | 0.4 |
Low stock CFD fees
The commission for stock CFD trading is the following: $0.02 per share.
Broker | Apple CFD |
---|---|
GO Markets | $0.3 |
Fusion Markets | $0.1 |
Vantage | $6.8 |
No inactivity fee, no withdrawal fee
There is no account or inactivity fee and deposits and withdrawals are also free of charge. However, your bank might charge some fees when making transfers.
Broker | Inactivity fee | Withdrawal fee |
---|---|---|
GO Markets | $0 | |
Fusion Markets | $0 | |
Vantage | $0 |
Safety
- Negative balance protection
Deposit and withdrawal
- Credit/Debit card available
- Free withdrawal
- No deposit fee
Account opening
- Fast
- Fully digital
- No minimum deposit
Mobile app
- User-friendly
- Good search function
- Price alerts
Desktop platform
- Clear fee report
- Good customizability (for charts, workspace)
- Price alerts