GO Markets vs IC Markets compared

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

GO Markets
IC Markets
62% of retail CFD accounts lose money
74.32% of retail CFD accounts lose money

Last update of dataNov 2022

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.

IC Markets

IC Markets is a global forex and CFD broker. The company is regulated by finanacial authorities globally, including the top-tier ASIC.

Recommended for forex and CFD traders who value easy account opening and free deposit/withdrawal options.

GO Markets's service is slightly weaker than IC Markets's and a comparison of their fees shows that GO Markets's fees are similar to IC Markets's.

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

Our experts rated the trading platform of GO Markets as being of the same quality as the platform of IC Markets, found that clients have access to slightly less markets and products with GO Markets, while IC Markets provides better 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
4.1

Recommended for Forex traders who like the MetaTrader platform

Overall Score
4.5

Recommended for Forex and CFD traders who value easy account opening and free deposit/withdrawal options

Country of origin

Australia

Country of origin

Australia

Fees

Fees score
4.3
Fees score
4.6
Fees summary

Low trading and non-trading fees

Fees summary

Low trading and non-trading fees

Stock and ETF fees

Forex fees

Fund fees

Bond fees

Options fees

Futures fees

CFD fees

Non-trading fees

Deposit and withdrawal

Deposit and withdrawal score
5.0
Deposit and withdrawal score
4.9
Number of base currencies

10

Number of base currencies

10

Deposit type

Withdrawal type

Account opening

Account opening score
4.5
Account opening score
5.0
Account opening fully online
Account opening fully online
Minimum deposit
*

$99

*
Minimum deposit
*

$200

*
Time to open account

1 day

Time to open account

1 day

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

Required documents

Proof of identity: national ID / passport / driver's license Proof of residency: bank statement / utility bill / credit card statement / tax statement from last 3 months

Trading platform

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

Markets and products

Markets and products score
1.4
Markets and products score
2.2
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: 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.

CFD disclaimer

Disclaimer: 74.32% 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
2.5
Research score
3.8
Charting quality

Mid-range

Charting quality

Mid-range

Education score
5.0
Education score
4.5
Demo account
Demo account

Customer service

Customer service score
1.7
Customer service score
4.5
Phone
Phone
Live chat
Live chat
Email
Email
24/7 availability
24/7 availability

Security

Investor protection amount

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

Investor protection amount

€20,000 protection for customers under CySEC, no protection for others

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

2006

Foundation date

2007

Country of regulation

Cyprus, Australia, Mauritius

Country of regulation

Cyprus, Australia, Seychelles

GO Markets

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

IC 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.

Brokers displayed might not be available in United States.

×