The best alternatives to GO Markets are
- Fusion Markets - Australian forex broker
- Vantage - Global CFD and forex broker
- Pepperstone - Australian forex and CFD broker
- IC Markets - Global forex broker
Let's see in a bit more detail how the GO Markets alternatives compare to GO Markets and each other:
|
Overall score
|
4.1 stars | 4.5 stars | 4.2 stars | 4.6 stars | 4.6 stars |
|---|---|---|---|---|---|
|
Fees score
|
4.4 stars | 4.7 stars | 3.8 stars | 4.5 stars | 4.7 stars |
|
Account opening score
|
4.5 stars | 5.0 stars | 5.0 stars | 5.0 stars | 5.0 stars |
|
Deposit and withdrawal score
|
5.0 stars | 4.4 stars | 4.5 stars | 4.8 stars | 4.9 stars |
|
Web platform score
|
2.8 stars | 2.8 stars | 4.5 stars | 2.8 stars | 2.8 stars |
|
Markets and products score
|
1.3 stars | 2.2 stars | 2.1 stars | 2.5 stars | 2.2 stars |
|
|
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74-89% of retail CFD accounts lose money |
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74-89% of retail CFD accounts lose money |
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74-89% of retail CFD accounts lose money |
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74.32% of retail CFD accounts lose money |
Why are these brokers considered good alternatives to GO Markets? There are many areas based on which GO Markets can be compared with others. When we say a given online broker is a good alternative to GO Markets we mean these brokers are comparable in the following areas:
- The products they offer, meaning you can buy mostly the same things, i.e. stocks, CFDs, options, etc.
- The type of clients they target, i.e. beginners, experienced investors, or day traders.
GO Markets alternatives recommendations
Brokers are different in a number of ways, which means each of them may be suitable for different people. Here's how they compare overall:
- GO Markets is recommended for forex traders who like the metatrader platform
- Fusion Markets is recommended for forex traders looking for low fees and a chance to use the metatrader 4 platform
- Vantage is recommended for forex and cfd traders familiar with the metatrader trading platforms
- Pepperstone is recommended for forex traders looking for great account opening and customer service
- IC Markets is recommended for forex and cfd traders who value easy account opening and free deposit/withdrawal options
Important factors of finding GO Markets alternatives
So far BrokerChooser has reviewed 102 online brokers in detail, which gives this comparison a solid starting point.
Not only that, but all of these brokers are reviewed using the exact same broker review methodology, which makes everything easily comparable. For each broker, we
- open a live account
- check over 100 criteria, with weighting based on readers' preferences
- refresh data regularly
Whether GO Markets or one of its alternatives is the best choice for you is on the following five broker characteristics that most interest people:
Fees. There are different types of fees that your online brokerage may charge, and both the number and the size of these fees may vary significantly from broker to broker. Both of these aspects can impact your returns and your overall experience. GO Markets is one of the cheaper brokers, so if this is an important consideration for you, make sure you pick a similarly low-cost GO Markets alternative.
Account opening. To open an account some brokers require at least €50,000 to be invested, while others don't set a minimum first-time deposit. The time it takes to open your account can be very different as well. At GO Markets this is not a problem as you can have it ready on the same day you registered.
Deposit/withdrawal. The number of ways that you can deposit or withdraw money to or from your account matters a lot. For example, while you can make a deposit with a credit card at GO Markets, this might not be the case at its alternatives.
Web trading platform. While online brokers are usually available on various platforms like mobile apps, tablet apps or desktop software, most people use them through their web platform in a browser. User-friendly trading platforms that offer many different resources can significantly increase your trading comfort.
Markets and products. A lot of people have specific products they would like to invest in. Knowing whether stocks, forex, mutual funds, and other products are available at the given GO Markets alternative is a must.
Now let's dive into the details of how GO Markets and its alternatives perform in the most important areas!
Fusion Markets
Fusion Markets is a zero fuss broker for anyone wishing to trade forex, CFD and crypto. It has low trading and non-trading fees, account opening is a breeze and there is no minimum deposit required.
You can only use the MetaTrader 4 platform, which is a favorite with many forex traders but has outdated design and UX.
Among its drawbacks, Fusion Markets does not provide investor protection, and popular assets such as real stocks and ETFs are not available.
Recommended for forex traders looking for low fees and a chance to use the metatrader 4 platform
Visit broker
74-89% of retail CFD accounts lose money
|
FX commission per lot
|
$2.25 commission per lot per trade | $3.00 commission per lot per trade |
|---|---|---|
|
EURUSD spread
|
0.0 | 0.2 |
|
GBPUSD spread
|
0.0 | 0.4 |
|
AUDUSD spread
|
0.0 | 0.2 |
|
USDJPY spread
|
0.0 | 0.2 |
|
USDCAD spread
|
0.0 | 0.3 |
|
Minimum deposit
|
$0
|
$0
|
|---|---|---|
|
Time to open account
|
1 day | 1 day |
If you are interested more in Fusion Markets minimum deposit, this overview will help you.
|
Bank transfer
|
Yes | Yes |
|---|---|---|
|
Credit/debit card
|
Yes | No |
|
Electronic wallets
|
Yes | Yes |
|
Withdrawal fee
|
$0
|
$0
|
|
Web platform score
|
2.8 stars | 2.8 stars |
|---|---|---|
|
Mobile platform score
|
3.8 stars | 3.8 stars |
|
Desktop platform score
|
3.4 stars | 3.4 stars |
Learn more about Fusion Markets's web trading platform in the detailed Fusion Markets review.
Visit broker
74-89% of retail CFD accounts lose money
|
Stocks
|
No | No |
|---|---|---|
|
ETFs
|
No | No |
|
Forex
|
Yes | Yes |
|
Funds
|
No | No |
|
Bonds
|
No | No |
|
Options
|
No | No |
|
Futures
|
No | No |
|
CFDs
|
Yes | Yes |
|
Crypto
|
Yes
|
Yes
|
Vantage
Vantage FX is a forex and CFD broker regulated by the Cayman Islands, Australian financial authorities and the Vanuatu Financial Services Commission. Vantage's non-trading fees are very favorable (e.g. there is no inactivity fee). Opening an account at Vantage is a very rewarding experience as the process is super fast (less than 5 minutes) and fully digital. The broker offers a great variety of deposit and withdrawal options, most of them free of charge. On the negative side, the product portfolio at Vantage is rather limited as the broker only offers forex and some CFDs to trade. Customer service could be better, especially the relevance of email responses. Lastly, Vantage provides investor protection only in the UK. BrokerChooser gave Vantage a 4.2/5 rating based on analyzing 500+ criteria and testing via opening a live account.
Recommended for forex and cfd traders familiar with the metatrader trading platforms
Visit broker
74-89% of retail CFD accounts lose money
|
FX commission per lot
|
$3.00 commission per lot per trade | $3.00 commission per lot per trade |
|---|---|---|
|
EURUSD spread
|
0.1 | 0.2 |
|
GBPUSD spread
|
0.3 | 0.4 |
|
AUDUSD spread
|
0.4 | 0.2 |
|
USDJPY spread
|
0.3 | 0.2 |
|
USDCAD spread
|
0.4 | 0.3 |
|
Minimum deposit
|
$50
|
$0
|
|---|---|---|
|
Time to open account
|
1 day | 1 day |
If you are interested more in Vantage minimum deposit, this overview will help you.
|
Bank transfer
|
Yes | Yes |
|---|---|---|
|
Credit/debit card
|
Yes | No |
|
Electronic wallets
|
Yes | Yes |
|
Withdrawal fee
|
$0
|
$0
|
|
Web platform score
|
4.5 stars | 2.8 stars |
|---|---|---|
|
Mobile platform score
|
3.8 stars | 3.8 stars |
|
Desktop platform score
|
3.4 stars | 3.4 stars |
Learn more about Vantage's web trading platform in the detailed Vantage review.
Visit broker
74-89% of retail CFD accounts lose money
|
Stocks
|
No | No |
|---|---|---|
|
ETFs
|
No | No |
|
Forex
|
Yes | Yes |
|
Funds
|
No | No |
|
Bonds
|
No | No |
|
Options
|
No | No |
|
Futures
|
No | No |
|
CFDs
|
Yes | Yes |
|
Crypto
|
Yes
|
Yes
|
Pepperstone
Pepperstone is one of the most famous FX brokers in the industry. If you’re looking for a comfortable account opening and funding, as well as a variety of trading platforms, Pepperstone is a great choice.
Its trading fees are fairly competitive, and deposits/withdrawals are mostly free.
Still, the lack of assets outside forex/CFD will likely deter some traders, and if you go with the MetaTrader platform, you may be underwhelmed by its basic design and UX.
Recommended for forex traders looking for great account opening and customer service
Visit broker
74-89% of retail CFD accounts lose money
|
FX commission per lot
|
$3.50 commission per lot per trade | $3.00 commission per lot per trade |
|---|---|---|
|
EURUSD spread
|
0.1 | 0.2 |
|
GBPUSD spread
|
0.2 | 0.4 |
|
AUDUSD spread
|
0.2 | 0.2 |
|
USDJPY spread
|
0.3 | 0.2 |
|
USDCAD spread
|
0.3 | 0.3 |
|
Minimum deposit
|
$0
|
$0
|
|---|---|---|
|
Time to open account
|
1 day | 1 day |
If you are interested more in Pepperstone minimum deposit, this overview will help you.
|
Bank transfer
|
Yes | Yes |
|---|---|---|
|
Credit/debit card
|
Yes | No |
|
Electronic wallets
|
Yes | Yes |
|
Withdrawal fee
|
$0
|
$0
|
|
Web platform score
|
2.8 stars | 2.8 stars |
|---|---|---|
|
Mobile platform score
|
3.8
stars
|
3.8 stars |
|
Desktop platform score
|
3.4 stars | 3.4 stars |
Learn more about Pepperstone's web trading platform in the detailed Pepperstone review.
Visit broker
74-89% of retail CFD accounts lose money
|
Stocks
|
No
|
No |
|---|---|---|
|
ETFs
|
No
|
No |
|
Forex
|
Yes
|
Yes |
|
Funds
|
No | No |
|
Bonds
|
No | No |
|
Options
|
No | No |
|
Futures
|
No | No |
|
CFDs
|
Yes | Yes |
|
Crypto
|
No
|
Yes
|
IC Markets
Australia’s IC Markets is a worthy option if low-cost forex/CFD trading is all you’re after and you’re not very picky about your choice of platform.
It has a competitive product selection that includes crypto, and a flexible fee structure offering very tight spreads with a reasonable commission. You can set up your account in no time and enjoy various deposit and withdrawal options, all free of charge.
IC Markets is not recommended for long-term investors, as you can’t trade stocks, ETFs or funds. The MetaTrader platform used by IC Markets has its limitations in design and functionality but will be familiar to many forex traders.
Recommended for forex and cfd traders who value easy account opening and free deposit/withdrawal options
Visit broker
74.32% of retail CFD accounts lose money
|
FX commission per lot
|
$3.50 commission per lot per trade | $3.00 commission per lot per trade |
|---|---|---|
|
EURUSD spread
|
0.0 | 0.2 |
|
GBPUSD spread
|
0.0 | 0.4 |
|
AUDUSD spread
|
0.0 | 0.2 |
|
USDJPY spread
|
0.1 | 0.2 |
|
USDCAD spread
|
0.2 | 0.3 |
|
Minimum deposit
|
$200
|
$0
|
|---|---|---|
|
Time to open account
|
1 day | 1 day |
If you are interested more in IC Markets minimum deposit, this overview will help you.
|
Bank transfer
|
Yes | Yes |
|---|---|---|
|
Credit/debit card
|
Yes | No |
|
Electronic wallets
|
Yes | Yes |
|
Withdrawal fee
|
$0
|
$0
|
|
Web platform score
|
2.8 stars | 2.8 stars |
|---|---|---|
|
Mobile platform score
|
3.8 stars | 3.8 stars |
|
Desktop platform score
|
3.4 stars | 3.4 stars |
Learn more about IC Markets's web trading platform in the detailed IC Markets review.
Visit broker
74.32% of retail CFD accounts lose money
|
Stocks
|
No | No |
|---|---|---|
|
ETFs
|
No | No |
|
Forex
|
Yes | Yes |
|
Funds
|
No | No |
|
Bonds
|
No | No |
|
Options
|
No | No |
|
Futures
|
No | No |
|
CFDs
|
Yes | Yes |
|
Crypto
|
Yes
|
Yes
|
GO Markets
GO Markets is a forex and CFD broker. GO Markets has 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 500+ criteria and testing via opening a live account.
Recommended for forex traders who like the metatrader platform
|
FX commission per lot
|
$3.00 commission per lot per trade | $2.25 commission per lot per trade | $3.00 commission per lot per trade | $3.50 commission per lot per trade | $3.50 commission per lot per trade |
|---|---|---|---|---|---|
|
EURUSD spread
|
0.2 | 0.0 | 0.1 | 0.1 | 0.0 |
|
GBPUSD spread
|
0.4 | 0.0 | 0.3 | 0.2 | 0.0 |
|
AUDUSD spread
|
0.2 | 0.0 | 0.4 | 0.2 | 0.0 |
|
USDJPY spread
|
0.2 | 0.0 | 0.3 | 0.3 | 0.1 |
|
USDCAD spread
|
0.3 | 0.0 | 0.4 | 0.3 | 0.2 |
|
Minimum deposit
|
$0
|
$0
|
$50
|
$0
|
$200
|
|---|---|---|---|---|---|
|
Time to open account
|
1 day | 1 day | 1 day | 1 day | 1 day |
Learn more about GO Markets minimum deposit here.
|
Bank transfer
|
Yes | Yes | Yes | Yes | Yes |
|---|---|---|---|---|---|
|
Credit/debit card
|
No | Yes | Yes | Yes | Yes |
|
Electronic wallets
|
Yes | Yes | Yes | Yes | Yes |
|
Withdrawal fee
|
$0
|
$0
|
$0
|
$0
|
$0
|
|
Web platform score
|
2.8 stars | 2.8 stars | 4.5 stars | 2.8 stars | 2.8 stars |
|---|---|---|---|---|---|
|
Mobile platform score
|
3.8 stars | 3.8 stars | 3.8 stars |
3.8
stars
|
3.8 stars |
|
Desktop platform score
|
3.4 stars | 3.4 stars | 3.4 stars | 3.4 stars | 3.4 stars |
Learn more about GO Markets's web trading platform in the detailed GO Markets review.
|
Stocks
|
No | No | No |
No
|
No |
|---|---|---|---|---|---|
|
ETFs
|
No | No | No |
No
|
No |
|
Forex
|
Yes | Yes | Yes |
Yes
|
Yes |
|
Funds
|
No | No | No | No | No |
|
Bonds
|
No | No | No | No | No |
|
Options
|
No | No | No | No | No |
|
Futures
|
No | No | No | No | No |
|
CFDs
|
Yes | Yes | Yes | Yes | Yes |
|
Crypto
|
Yes
|
Yes
|
Yes
|
No
|
Yes
|
Bottom line
Based on our analysis, there are several good alternatives to GO Markets. They all offer similar products and target similar customers. Here's a recap of the results in a table.
|
Broker intro
|
Recommended for
|
|
|---|---|---|
| Global forex and CFD broker | Forex traders who like the MetaTrader platform | |
| Australian forex broker | Forex traders looking for low fees and a chance to use the MetaTrader 4 platform | |
| Global CFD and forex broker | Forex and CFD traders familiar with the MetaTrader trading platforms | |
| Australian forex and CFD broker | Forex traders looking for great account opening and customer service | |
| Global forex broker | Forex and CFD traders who value easy account opening and free deposit/withdrawal options |
Still unsure? Use our broker finder and find the best broker for you or learn more about investing your money.
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