Overview of GO Markets fees and charges

It's safe to say that GO Markets's fees are low in general. They either don't charge a brokerage fee for things other brokers do charge for, or they only charge a small amount. This means that you can use GO Markets even in case you trade frequently like multiple times a week or daily.

Here's a high level overview of GO Markets's fees

GO Markets Fees snapshot
Assets Fee level Fee terms
US stock fee - Not available
EURUSD fee Low GO Plus+ account: $2.5 commission per lot per trade. Also, the fees are built into the spread, 0.3 pips is the average spread cost during peak trading hours.
US tech fund fee - Not available
Inactivity fee Low No inactivity fee

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.

GO Markets fees
GO Markets fees explained

Online brokerages in general charge much lower brokerage fees than traditional brokerages do - this is largely due to the fact that online brokerages' businesses can be much better scaled: From a purely technical standpoint it doesn't make that much of a difference for them if they have 100 or 5000 clients.

This is not to say however that they don't have any fees at all. They make money by charging you at various events for various rates. Usually you need to keep an eye on these 3 types of fees:

  • Trading fees - these are brokerage fees that you pay when you actually do a trade, i.e. buying an Apple stock or an ETF. What you pay is either a commission, a spread or financing rate. Some brokers apply all of these.
    • A commission is either based on the traded volume or it is fixed.
    • A spread is the difference between the buy price and the sell price
    • Financing rate or overnight rate is charged when you hold your leveraged positions for more than one day.
  • Non-trading fees. These occur related to some operations you make in your account, i.e. depositing money to your account, withdrawing money from it or not trading for an extended amount of time.

We compare GO Markets fees with its closest competitors, Vantage and Pepperstone.

GO Markets fees
GO Markets trading fees

GO Markets's trading fees are low which makes it suitable for you even if you trade often (i.e. multiple times a week).

Let's break down the trading fees into the different asset classes available at GO Markets.

Trading fees

GO Markets's trading fees are low.

It is super hard to compare trading fees for forex brokers. What we did at BrokerChooser? Instead of quoting long fee tables, we compare brokers by calculating all fees of an example trade for two currency pairs.

  • EURUSD, a popular currency pair
  • EURGBP, another popular currency pair

The example in this context would mean that you buy for $20,000 using 30:1 leverage, and sell it after a week.

This super catch-all benchmark includes spreads and financing costs for all brokers.

Here is the verdict.

GO Markets forex trading fees
GO Markets Vantage Pepperstone
EURUSD benchmark fee $5.7 $6.1 $6.2
EURGBP benchmark fee $5.6 $7.9 $8.4

Financing rates

GO Markets financing rates are low.

If you want to trade on margin and prefer to hold your positions long, financing costs can be significant.

GO Markets yearly financing rates
GO Markets Vantage Pepperstone
Apple CFD financing rate - 6.0% 2.6%
Vodafone CFD financing rate - 4.2% 2.6%
EURUSD financing rate 1.1% 1.2% 1.2%
EURGBP financing rate 1.0% 1.5% 1.6%

Currency conversion fee

GO Markets will charge a Currency Conversion Fee for all trades on instruments denominated in a currency different to the currency of your account. The fee is charged as the following: Exchange rate received from liquidity providers plus a mark-up. We used the EURUSD trading fees for the calculation..

GO Markets fees
GO Markets non-trading fees

When it comes to looking at all the non-trading fees GO Markets is a cheap broker. This means that they don't charge you a lot for non-trading related activities on your trading account, like withdrawal fee.

Non-trading fees include various brokerage fees and charges at GO Markets that you pay not related to buying and selling assets. Among some others, typical non trading fees are withdrawal fee, deposit fee, inactivity fee and account fee.

A high level overview of how GO Markets stacks up in non-trading fees
GO Markets Vantage Pepperstone
Withdrawal fee $0 $0 $0
Deposit fee $0 $0 $0
Inactivity fee No No No
Account fee No No No

GO Markets fees
GO Markets deposit fee

Deposit fees are applied when you send money to your trading account from your bank account. Usually brokers don't charge money for that and GO Markets is not different: you will see the exact same amount on your brokerage account that you sent by any of the deposit methods GO Markets offers.

GO Markets deposit methods
GO Markets Vantage Pepperstone
Bank transfer Yes Yes Yes
Credit/debit card Yes Yes Yes
Electronic wallets Yes Yes Yes
Deposit fee $0 $0 $0

GO Markets fees
GO Markets withdrawal fee

Unlike the majority of the online brokers we have reviewed GO Markets does not charge a withdrawal fee. This means that you'll see the same amount of money on your bank account that you transferred from your brokerage account.

GO Markets withdrawal fees and options compared
GO Markets Vantage Pepperstone
Bank transfer Yes Yes Yes
Credit/debit card Yes Yes Yes
Electronic wallets Yes Yes Yes
Withdrawal fee with bank transfer $0 $0 $0

GO Markets fees
GO Markets inactivity fee

GO Markets does not apply an inactivity fee which is great because your account will not be charged even if you do not trade for a longer time period (months or years).

Author of this article

Gabi Lovas

Author of this article

Gabi is now a Financial Analyst at BrokerChooser after working as a Content Editor for a year. Previously, she was a European equity reporter at Bloomberg covering European health care and chemical stocks as well as US futures, until she relocated to Spain in 2019. Gabi has a Master's degree in Economics and she is a stock investor on her own account. She is also a member of an investment club in Barcelona.

Gabi Lovas

Broker Analyst

Gabi is now a Financial Analyst at BrokerChooser after working as a Content Editor for a year. Previously, she was a European equity reporter at Bloomberg covering European health care and chemical stocks as well as US futures, until she relocated to Spain in 2019. Gabi has a Master's degree in Economics and she is a stock investor on her own account. She is also a member of an investment club in Barcelona.

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

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