Overview of GO Markets fees and charges

We know that fees are on top of people's mind when selecting a broker. Brokerage fees consist of trading and non-trading fees. The most important trading fees are commission, spread, and financing rate.

  • Commission: it's charged when you execute a trade (either buy or sell). Commissions can be volume-tiered or flat fees. Nowadays, there are many commission-free brokers, click on the following links to check out the best free stockbrokers in the US and the EU.
  • Spread: it denotes the difference between the bid and ask price. When you trade forex or CFDs, spreads can make up a significant part of your trading costs.
  • Financing rate/overnight costs: if you trade on leverage, you may be charged for holding your positions overnight. This cost can be expressed as a percentage or in swap points.
  • Non-trading fees: these occur when you deposit and withdraw funds, or if you don't use your account for a certain period.

As GO Markets focuses on CFD and forex trading, the most important cost elements are spreads and financing rates (overnight fees), commissions less so.

Disclaimer: 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Now, let's dive into the details and see what commissions, spreads, and financing rates GO Markets charges.

Visit broker
62% of retail CFD accounts lose money

GO Markets commission and other fees
GO Markets commission and other trading fees

The good news is that GO Markets has low trading fees in general. We ranked the fees of GO Markets as low, average, or high based on how they compare with all reviewed brokers.

Check out this table to get an overview of whether GO Markets commissions, spreads, and financing rates for each asset class are low/average/high.

Classification of GO Markets trading fees
GO Markets Fusion Markets Vantage
Forex Low Low Low
CFD Low Low Average
Financing rate Low Low Average

Now let's go over the trading fees for each asset class one by one.

GO Markets forex commissions and spreads

GO Markets forex fees are low. GO Markets forex commissions and spreads for individual currency pairs are charged as per the table below.

GO Markets forex commissions and spreads
GO Markets
EURUSD fee description GO Plus+ account: €2.00 commission per lot per trade plus spread cost. 0.3 pips is the average spread cost during peak trading hours.
GBPUSD fee description GO Plus+ account: €2.00 commission per lot per trade plus spread cost. 0.3 pips is the average spread cost during peak trading hours.

Check out how GO Markets forex fees compare to its two closest competitors.

GO Markets forex fees vs competitors
GO Markets Fusion Markets Vantage
EURUSD benchmark fee $12.9 $11.8 $17.9
GBPUSD benchmark fee $6.3 $5.9 $9.6
AUDUSD benchmark fee $6.7 $6.5 $9.8
EURCHF benchmark fee $2.6 $2.5 $3.0
EURGBP benchmark fee $9.3 $8.5 $13.4

Forex fees are calculated for a $20,000 trade using 30:1 leverage

GO Markets CFD commissions and spreads

GO Markets CFD fees are low. GO Markets CFD commissions and spreads for different assets are charged as per the table below.

GO Markets CFD commissions and spreads
GO Markets
S&P 500 CFD fee €2 commission per lot per trade plus spread cost. 0.35points is the average spread cost during peak trading hours.
Europe 50 CFD fee €2 commission per lot per trade plus spread cost. 0.25points is the average spread cost during peak trading hours.
Apple CFD Not available
Vodafone CFD Not available

Below you can see how GO Markets CFD fees compare with those of Fusion Markets and Vantage.

GO Markets CFD fees vs competitors
GO Markets Fusion Markets Vantage
S&P 500 index CFD fee $2.2 $2.6 $3.5
Europe 50 index CFD fee $1.5 $1.3 $1.8
Apple CFD - $0.1 $6.1
Vodafone CFD - - $11.7

CFD fees are calculated for a $2,000 trade using 20:1 leverage for stock index CFDs, and 5:1 leverage for stock CFDs

GO Markets financing rates

GO Markets financing rates are low. They make up a significant part of your trading costs if you hold your position for a long time.

Check out how GO Markets financing rates compare with those of Fusion Markets and Vantage.

GO Markets financing rates vs competitors
GO Markets Fusion Markets Vantage
EURUSD financing rate 3.0% 2.8% 4.3%
GBPUSD financing rate 1.3% 1.2% 2.1%
S&P 500 CFD financing rate 5.0% 6.1% 8.8%
Europe 50 CFD financing rate 3.3% 2.4% 4.4%
Apple CFD financing rate - 7.8% 6.0%
Vodafone CFD financing rate - - 4.2%

GO Markets commission and other fees
GO Markets non-trading fees

In addition to trading fees, it's important to see if GO Markets charges a fee on deposits, withdrawals, account maintenance, and inactivity. We compared these fees levied by GO Markets with its two closest competitors.

GO Markets non-trading fees vs competitors
GO Markets Fusion Markets Vantage
Deposit fee $0 $0 $0
Withdrawal fee $0 $0 $0
Account fee No No No
Inactivity fee No No No

CFD fees are calculated for a $2,000 trade using 20:1 leverage for stock index CFDs, and 5:1 leverage for stock CFDs

GO Markets commission and other fees
Bottom line

Hopefully, by now you have a clear picture of the commissions, spreads, financing rates, and non-trading fees charged by GO Markets and its closest competitors. To learn more about GO Markets, check out this detailed review. If you would like more information about fees in general, read this article about brokerage fees.

If you're not sure which broker to choose, get a personal recommendation from our broker recommendation algorithm or compare brokers with our broker comparison table.

Author of this article

Gyula Lencsés, CFA

Author of this article

Gyula has more than 10 years of experience in the financial industry. He spent most of his career in the wealth management business as a portfolio manager of mutual funds. He has trading experience in a wide range of asset classes, including stocks, ETFs, bonds, commodities, forex and derivatives markets.

Gyula Lencsés, CFA

Head of Content

Gyula has more than 10 years of experience in the financial industry. He spent most of his career in the wealth management business as a portfolio manager of mutual funds. He has trading experience in a wide range of asset classes, including stocks, ETFs, bonds, commodities, forex and derivatives markets.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

Visit GO Markets
62% of retail CFD accounts lose money

Share

Comments

×