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
EURUSD Low 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 Low 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.
S&P 500 CFD Low €2 commission per lot per trade plus spread cost. 0.35points is the average spread cost during peak trading hours.
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.

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62% of retail CFD accounts lose money

GO Markets fees
GO Markets fees explained

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

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 Fusion Markets Vantage
EURUSD benchmark fee $12.9 $11.8 $17.9
EURGBP benchmark fee $9.3 $8.5 $13.4

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 Fusion Markets Vantage
Apple CFD financing rate - 7.8% 6.0%
Vodafone CFD financing rate - - 4.2%
EURUSD financing rate 3.0% 2.8% 4.3%
EURGBP financing rate 2.0% 1.8% 3.0%

Leverage is a double-edged sword and can dramatically amplify your profits. It can also just as dramatically amplify your losses. Trading foreign exchange/CFDs with any level of leverage may not be suitable for all investors.

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 Fusion Markets Vantage
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 Fusion Markets Vantage
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 some 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 Fusion Markets Vantage
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

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

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62% of retail CFD accounts lose money

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