FP Markets
GO Markets
Basic data of broker
Recommended for Forex and CFD traders familiar with the MetaTrader and IRESS trading platforms
Recommended for Forex traders who like the MetaTrader platform
Australia
Australia
Fees
Low trading and non-trading fees, high stock CFD fees
Low trading and non-trading fees
Stock and ETF fees
Forex fees
Fund fees
Bond fees
Options fees
Futures fees
Crypto fees
CFD fees
Non-trading fees
Deposit and withdrawal
10
10
Deposit type
Withdrawal type
Account opening
$100
$99
1 day
1 day
Proof of identity: passport / national ID card / driver's license Proof of residency: bank statement / utility bill
Proof of identity: passport, driver's license, identity card, residence permit Proof of address: bank statements, utility bills not older than 3 months, internet/cable TV/house phone line bills, tax returns, council tax bills, government-issued certifications of residence
Trading platform
Markets and products
Disclaimer: 75.31% 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.
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.
Research, education
Mid-range
Mid-range
Customer service
Security
No protection under ASIC, €20,000 under CySEC, No protection under Financial Services Authority (St. Vincent and the Grenadines)
€20,000 under CySEC, no protection for other clients
2005
2006
Australia, Cyprus, St. Vincent and the Grenadines
Cyprus, Australia, Mauritius
For detailed information and hands-on experience, read our review of this broker.
For detailed information and hands-on experience, read our review of this broker.
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.
FP Markets's service is on par with GO Markets's and a comparison of their fees shows that FP Markets's fees are similar to GO Markets's.
Account opening takes somewhat less effort at FP Markets compared to GO Markets, deposit and withdrawal processes are about the same quality at FP Markets, while customer service quality is much better than GO Markets's.
Our experts rated the trading platform of FP Markets as being of the same quality as the platform of GO Markets, found that clients have access to slightly more markets and products with FP Markets, while GO Markets provides somewhat lower-quality research and education.