FXCM vs GO Markets compared

Online brokers compared for fees, trading platforms, safety and more. See how FXCM stacks up against GO Markets!

FXCM
GO Markets
71% of retail CFD accounts lose money
62% of retail CFD accounts lose money

Last update of dataDec 2022

FXCM

FXCM is a UK-based broker offering forex and CFD trading. It is regulated by the FCA and Australia's ASIC.

Recommended for forex traders looking for easy account opening, funding and withdrawal.

GO Markets

GO Markets is a forex and CFD broker. The company was established in Australia in 2006.GO Markets is regulated by Cypriot CySEC, Australian ASIC, and financial regulator in Mauritius.

Recommended for forex traders who like the MetaTrader platform.

FXCM's service is on par with GO Markets's and a comparison of their fees shows that FXCM's fees are similar to GO Markets's.

Account opening takes about the same effort at FXCM compared to GO Markets, deposit and withdrawal processes are somewhat more complicated at FXCM, while customer service quality is much better than GO Markets's.

Our experts rated the trading platform of FXCM as somewhat better than the platform of GO Markets, found that clients have access to about the same number of markets and products with FXCM, while GO Markets provides less useful research and education.

*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.

Basic data of broker

Overall Score
4.4

Recommended for Forex traders looking for easy account opening, funding and withdrawal

Overall Score
4.1

Recommended for Forex traders who like the MetaTrader platform

Country of origin

UK

Country of origin

Australia

Fees

Fees score
4.0
Fees score
4.3
Fees summary

Average trading and non-trading fees, low CFD fees

Fees summary

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

Deposit and withdrawal score
4.0
Deposit and withdrawal score
5.0
Number of base currencies

4

Number of base currencies

10

Deposit type

Withdrawal type

Account opening

Account opening score
4.2
Account opening score
4.5
Account opening fully online
Account opening fully online
Minimum deposit
*

$50

*
Minimum deposit
*

$99

*
Time to open account

1-3 days

Time to open account

1 day

Required documents

Proof of identity: ID / passport / driver's license Proof of residency: bank statement / utility bill

Required documents

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

Web platform score
3.3
Web platform score
2.8
Mobile platform score
4.5
Mobile platform score
3.8
Desktop platform score
3.8
Desktop platform score
3.4

Markets and products

Markets and products score
1.7
Markets and products score
1.4
Stocks
Stocks
Fractional shares
Fractional shares
ETFs
ETFs
Forex
Forex
Funds
Funds
Bonds
Bonds
Options
Options
Futures
Futures
Crypto
*
*
Crypto
*
*
CFDs
CFDs
CFD disclaimer

Disclaimer: 71% 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.

CFD disclaimer

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

Research score
4.3
Research score
2.5
Charting quality

Great

Charting quality

Mid-range

Education score
5.0
Education score
5.0
Demo account
Demo account

Customer service

Customer service score
5.0
Customer service score
1.7
Phone
Phone
Live chat
Live chat
Email
Email
24/7 availability
24/7 availability

Security

Investor protection amount

£85,000 in the UK, €20,000 in the EU, no protection in other countries

Investor protection amount

€20,000 under CySEC, no protection for other clients

Banking background
Banking background
Listed on stock exchange
Listed on stock exchange
Foundation date

1999

Foundation date

2006

Country of regulation

UK, Australia, South Africa and Cyprus

Country of regulation

Cyprus, Australia, Mauritius

FXCM

For detailed information and hands-on experience, read our review of this broker.

GO Markets

For detailed information and hands-on experience, read our review of this broker.

*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.

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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