FP Markets vs GO Markets: Which One Is Best?
Dive into our comprehensive comparison of FP Markets and GO Markets. We cover key aspects such as trading costs, platforms, regulations, and more to help you decide which broker suits your trading needs.
Our broker reviews are reader supported and we may receive payment when you click on a partner site. For more information, visit our About Us page.
*Cryptocurrency CFDs are not available to retail traders in the UK due to FCA regulations
*CFD trading is not available in the USA due to NFA and CFTC regulations, American traders spot trade in place of CFDs.
Our full comparison covers the 10 most important trading factors to help you decide between FP Markets and GO Markets. Here are five key differences:
- FP Markets offers an average raw spread of 0.10 for EUR/USD, while GO Markets has a slightly higher average raw spread of 0.2.
- FP Markets charges a commission of $3.00 USD base, whereas GO Markets charges a slightly higher commission of $3.50 USD base.
- FP Markets offers more than 1190 stockbroking options, while GO Markets offers fewer than 14 cryptocurrency CFDs.
- Both brokers are regulated by ASIC, but FP Markets is also regulated by CYSEC and FSC, offering a broader regulatory framework.
- FP Markets does not charge any inactivity fees, while GO Markets charges an inactivity fee after 12 months of no trading activity.
1. Lowest Spreads And Fees: FP Markets
When it comes to trading costs, both FP Markets and GO Markets have their strengths. It’s important to consider both spreads and other costs, such as commissions and fees, when choosing a forex broker. Lower costs can significantly improve your trading profitability, especially if you’re a high-volume trader.
1. Standard Account Spreads
FP Markets offers competitive spreads starting from 1.0 pips on their standard account, while GO Markets offers slightly higher spreads starting from 1.1 pips. According to our unique research [2]Standard Spread Account Testing, FP Markets has an average spread of 1.47 pips on its standard account, while GO Markets has an average spread of 1.49 pips.
| Standard Account | FP Markets Spreads | GO Markets Spreads | Industry Spreads |
|---|---|---|---|
| Overall Average | 1.38 | 1.19 | 1.6 |
| EUR/USD | 1.2 | 1 | 1.2 |
| USD/JPY | 1.5 | 1 | 1.4 |
| GBP/USD | 1.4 | 1.3 | 1.6 |
| AUD/USD | 1.3 | 1 | 1.5 |
| USD/CAD | 1.4 | 1.1 | 1.8 |
| EUR/GBP | 1.20 | 1.20 | 1.5 |
| EUR/JPY | 1.40 | 1.40 | 1.9 |
| AUD/JPY | 1.6 | 1.5 | 2.1 |
Standard Account Analysis Updated April 2025[1]April 2025 Published And Tested Data
Tight spreads are crucial as they represent the cost of trading. The lower the spread, the less the cost, which can lead to higher profitability for traders.
When it comes to the standard account spreads, there’s a noticeable difference between FP Markets and Go Markets. FP Markets has a slightly higher spread across most forex pairs, with the exception of AUD/JPY, where they are equal. This might seem like a disadvantage, but it’s important to remember that a higher spread doesn’t necessarily mean a worse deal.
In fact, when we compare these spreads to the industry average, both FP Markets and Go Markets offer competitive rates. The industry average is consistently higher across all forex pairs, which shows that both of these retail forex brokers are offering good value to their traders.
However, if I had to pick one, I’d lean towards Go Markets for their consistently lower spreads across most forex pairs. This could make a significant difference to your trading costs over time, especially if you’re making a high volume of trades. But remember, the spread is just one factor to consider when choosing a forex broker. It’s also important to look at other aspects like the trading environment, regulation, and customer service.
2. RAW Account Spreads
For traders looking for tighter spreads, the FP Markets RAW account offers spreads starting from 0.0 pips. Similarly, the GO Markets GO Plus+ account offers spreads from 0.0 pips. Based on our exclusive research, FP Markets has an average spread of 0.41 pips on its RAW account, while GO Markets has an average spread of 0.46 pips.
3. Commission Rates
Both brokers charge commissions on their RAW accounts. According to our research, FP Markets charges a round turn commission of $7, while GO Markets charges the same amount. This is particularly beneficial for scalpers and high-frequency traders who prioritize low spreads.
| | USD | AUD | GBP | EUR |
|---|---|---|---|---|
| FP Markets | $3.00 | N/A | £2.25 | €2.75 |
| GO Markets | $2.50 | $3.00 | £2.00 | €2.00 |
|
Standard Account Spreads
|
|||||
|---|---|---|---|---|---|
|
1.10 | 1.20 | 1.30 | 1.30 | 1.30 |
|
1.00 | 1.00 | 1.20 | 1.30 | 1.00 |
|
1.13 | 1.01 | 1.71 | 1.66 | 1.12 |
|
1.20 | 0.90 | 1.50 | 1.80 | 1.80 |
|
1.20 | 1.40 | 1.50 | 1.60 | 1.50 |
|
1.30 | 1.70 | 2.10 | 1.40 | 1.50 |
|
1.20 | 1.80 | 1.90 | 1.90 | 1.60 |
|
1.32 | 1.95 | 1.37 | 1.70 | 1.40 |
Avg. spreads are taken from each broker's website and updated monthly. Last update on 04/01/2025
4. Deposit & Withdrawal Fees
Both FP Markets and GO Markets do not charge any deposit fees. However, FP Markets charges a withdrawal fee for bank transfers, while GO Markets does not charge any withdrawal fees.
5. Other Fees
FP Markets does not charge any inactivity fees, while GO Markets charges an inactivity fee after 12 months of no trading activity.
Our Lowest Spreads and Fees Verdict
When it comes to trading costs, FP Markets seems to have a slight edge due to its lower spreads and no inactivity fees. However, GO Markets’ no withdrawal fee policy is a significant advantage for traders who frequently withdraw their funds.
FP Markets ReviewVisit FP Markets
2. Better Trading Platform: FP Markets
Both FP Markets and GO Markets offer a range of trading platforms to suit different trading styles and preferences.
| Trading Platform | FP Markets | GO Markets |
|---|---|---|
| MetaTrader 4 | Yes | Yes |
| MetaTrader 5 | Yes | Yes |
| cTrader | Yes | Yes |
| TradingView | Yes | Yes |
| Copy Trading | Yes | Yes |
| Proprietary Platform | Yes | Yes |
1. MetaTrader 4 and 5
Both forex brokers offer the popular MetaTrader 4 and MetaTrader 5 platforms, known for their advanced charting features, automated trading capabilities, and wide range of trading tools. You can find more about the best MT4 brokers and best MT5 brokers here.
2. cTrader and TradingView
FP Markets offers the cTrader platform, which is known for its direct market access (DMA) trading capabilities. However, GO Markets does not offer this platform. Neither broker offers the TradingView platform. You can find more about the best cTrader brokers here.
3. Social And Copy Trading
Both brokers offer social and copy trading features, allowing traders to follow and copy the trades of experienced traders. FP Markets offers social trading through Myfxbook and ZuluTrade, while GO Markets offers social trading through the MetaTrader platforms. You can find more about the best copy trading platforms and best social trading platforms here.
4. VPS and Other Trading Tools
Both brokers offer VPS services for uninterrupted trading. Additionally, they provide a range of other trading tools, including economic calendars, market analysis, and educational resources.
Our Better Trading Platform Verdict
Both brokers offer a comprehensive range of trading platforms and tools. However, FP Markets’ cTrader platform gives it a slight edge for traders seeking direct market access.
3. Superior Accounts And Features: Tie
FP Markets offers two main types of accounts: the Standard account and the RAW account. The Standard account offers zero commission trading with spreads starting from 1.0 pips, while the RAW account offers lower spreads starting from 0.0 pips with a commission of $3 per lot per side.
GO Markets offers two main types of accounts: the Standard account and the GO Plus+ account. The Standard account offers zero commission trading with spreads starting from 1.1 pips, while the GO Plus+ account offers lower spreads starting from 0.0 pips with a commission of $3 per lot per side. You can find more about the Best Brokers for Micro Trading and best spread betting brokers here.
| FP Markets | GO Markets | |
|---|---|---|
| Standard Account | Yes | Yes |
| Raw Account | Yes | Yes |
| Swap Free Account | Yes | No |
| Active Traders | Yes | Yes |
| Spread Betting (UK) | No | No |
Our Superior Accounts and Features Verdict
Both brokers offer similar account types, catering to different trading styles and preferences. The choice between FP Markets and GO Markets would depend on individual trader preferences regarding spreads, commissions, and other account features.
4. Best Trading Experience And Ease: Tie
According to our research on execution speeds, both FP Markets and GO Markets offer a robust trading environment with fast execution speeds and minimal slippage. FP Markets, with its ECN pricing and direct market access, offers a slightly faster execution speed, which can be crucial for scalpers and high-frequency traders. On the other hand, GO Markets provides a user-friendly trading environment with excellent customer support, making it suitable for beginner and intermediate traders. You can find more about DMA Forex Brokers and ECN Brokers here.
| | Limit Order Speed | Limit Order Global Rank | Market Order Speed | Market Order Global Rank |
|---|---|---|---|---|
| FP Markets | 225ms | 31/36 | 96ms | 8/36 |
| GO Markets | 144ms | 20/36 | 145ms | 20/36 |
Our Best Trading Experience and Ease Verdict
While both brokers offer a solid trading environment, FP Markets’ faster execution speed makes it a better choice for high-frequency traders, while GO Markets’ user-friendly environment and excellent customer support make it a good choice for beginner and intermediate traders.
5. Stronger Trust And Regulation: Tie
FP Markets Trust Score
GO Markets Trust Score
Broker’s Regulation
FP Markets is regulated by the ASIC Regulated Brokers, while GO Markets is also regulated by ASIC. This means both brokers are subject to strict regulatory oversight, ensuring they adhere to high standards of conduct. In addition, FP Markets is also regulated by the Cyprus Securities and Exchange Commission (CySEC), while GO Markets is regulated by the Financial Conduct Authority (FCA) in the UK.
| FP Markets | GO Markets | |
|---|---|---|
| Tier 1 Regulation | ASIC (Australia) CYSEC (Cyprus) | ASIC (Australia) CYSEC (Cyprus) |
| Tier 2 Regulation | ||
| Tier 3 Regulation | FSA-S (Seychelles) FSC-M (Mauritius) FSCA (South Africa) | FSA-S (Seychelles) FSC-M (Mauritius) |
Our Stronger Trust and Regulation Verdict
It’s a tie in this category as both brokers are regulated by the same reputable authorities.
6. Top Product Range And CFD Markets: FP Markets
When it comes to the diversity of products and CFD markets, both FP Markets and GO Markets have their unique offerings. FP Markets is renowned for its extensive range of trading instruments, including forex, indices, commodities, stocks, and cryptocurrencies. GO Markets, on the other hand, is known for its variety of trading platforms and account types, catering to different trader needs.
Our own testing also indicates that FP Markets stands out as the “Best CFD” broker, offering a wide array of CFD trading options.
Table: Comparison of Range of CFDs, Products, and Markets
| CFDs | FP Markets | GO Markets |
|---|---|---|
| Forex Pairs | 63 | 47 |
| Indices | 19 | 16 |
| Commodities | 4 Metals (vs USD, AUD, EUR) 4 Energies 5 Softs | 3 Metals 5 Energies 2 Softs |
| Cryptocurrencies | 12 | 14 |
| Shares CFDs | 10000+ (with IRESS) 814 (with MT5) | 1190+ |
| ETFs | 46 | No |
| Bonds | 2 | 5 |
| Futures | No | No |
| Treasuries | 2 | 5 |
| Investment | No | No |
Our Top Product Range and CFD Markets Verdict
FP Markets offers a more comprehensive range of CFDs and markets, making it the better choice for traders looking for diversity in trading options.
7. Superior Educational Resources: FP Markets
Education is a crucial aspect of trading, especially for beginners. FP Markets and GO Markets both offer a range of educational resources to help traders at all levels. FP Markets provides a comprehensive set of educational materials, including webinars, eBooks, and video tutorials. GO Markets also offers a variety of educational resources but focuses more on webinars and trading guides.
Based on our own testing, neither FP Markets nor GO Markets received a specific score for educational resources. However, here are some key points to consider:
- FP Markets offers a wide range of webinars covering various trading topics.
- GO Markets provides a comprehensive set of trading guides aimed at both beginners and experienced traders.
- FP Markets offers video tutorials that cover essential trading strategies and techniques.
- GO Markets has a dedicated FAQ section that addresses common trading questions.
- FP Markets provides eBooks that cover a range of trading topics, from beginner to advanced.
- GO Markets offers a demo account that allows traders to practise without risking real money.
Our Superior Educational Resources Verdict
While both brokers offer valuable educational resources, FP Markets provides a more comprehensive set of materials, making it the better choice for traders looking to expand their knowledge.
8. Superior Customer Service: Tie
Both FP Markets and GO Markets offer excellent customer service. FP Markets provides 24/7 customer support via live chat, email, and phone and also offers support in multiple languages. GO Markets also offers 24/5 customer support via live chat, email, and phone and is known for its responsive and helpful customer service team.
| Feature | FP Markets | GO Markets |
|---|---|---|
| Live Chat Support | Yes | Yes |
| Email Support | Yes | Yes |
| Phone Support | Yes | Yes |
| Support Hours | 24/7 | 24/5 |
| Multilingual Support | Yes | Yes |
Our Superior Customer Service Verdict
Both brokers excel in customer service, providing responsive and helpful support to their traders. It’s a tie in this category.
9. Better Funding Options: FP Markets
Funding options are a critical consideration for traders, as they determine how easily you can deposit and withdraw funds from your trading account. FP Markets offers a variety of funding options, including bank transfers, credit/debit cards, and e-wallets like Skrill and Neteller. GO Markets also provides multiple funding options but is particularly strong in facilitating quick and easy bank transfers.
Based on our own testing, neither FP Markets nor GO Markets received a specific score for funding options. However, both brokers offer a range of methods to suit different trader needs.
Table: Comparison of Funding Options
| Funding Option | FP Markets | GO Markets |
|---|---|---|
| Credit Card | Yes | Yes |
| Debit Card | Yes | Yes |
| Bank Transfer | Yes | Yes |
| PayPal | Yes | No |
| Skrill | Yes | Yes |
| Neteller | Yes | Yes |
| Crypto | Yes | Yes |
| Rapid Pay | No | No |
| POLi / bPay | Yes | Yes |
| Klarna | No | No |
Our Better Funding Options Verdict
FP Markets offers a wider variety of funding options, making it the more flexible choice for traders looking to fund their accounts.
10. Lower Minimum Deposit: GO Markets
The minimum deposit requirement is a crucial factor for traders, especially for those who are new to the trading world. FP Markets has a minimum deposit requirement of $100 for its Standard account, while it offers a Raw account with no minimum deposit. On the other hand, GO Markets requires no minimum deposit for both its Standard and Go Plus+ accounts.
This difference in minimum deposit requirements can be a deciding factor for traders who are looking to start with a smaller investment. Below is a table that outlines the minimum deposit requirements for each broker’s account type.
Table: Comparison of Minimum Deposit Requirements
| | Minimum Deposit | Recommended Deposit |
| FP Markets | $100 | $100 |
| GO Markets | $200 | $200 |
Our Lower Minimum Deposit Verdict
GO Markets offers a lower minimum deposit requirement, making it a more accessible option for traders who are just starting out.
Our Final Verdict On Which Broker Is The Best: GO Markets or FP Markets?
FP Markets is the winner because it excels in multiple key areas such as spreads, fees, trading platforms, product range, and educational resources. The table below summarises the key information leading to this verdict.
Table: Summary of Key Factors
| Criteria | FP Markets | GO Markets |
|---|---|---|
| Lowest Spreads And Fees | Yes | No |
| Better Trading Platforms | Yes | No |
| Superior Accounts And Features | Yes | Yes |
| Best Trading Experience | Yes | Yes |
| Stronger Trust And Regulation | Yes | Yes |
| CFD Product Range And Financial Markets | Yes | No |
| Superior Educational Resources | Yes | No |
| Better Customer Service | Yes | Yes |
| More Funding Options | Yes | No |
| Lower Minimum Deposit | No | Yes |
GO Markets: Best For Beginner Traders
GO Markets is better suited for beginner traders due to its comprehensive educational resources and user-friendly trading platforms.
FP Markets: Best For Experienced Traders
FP Markets is also the better choice for experienced traders, offering a wider range of products and more competitive spreads.
FAQs Comparing FP Markets Vs GO Markets
Does GO Markets or FP Markets Have Lower Costs?
FP Markets has lower costs when it comes to spreads and fees. The broker offers an average raw spread of 0.10 for EUR/USD, compared to GO Markets’ 0.2. This makes FP Markets a more cost-effective option for traders. For more information on low-cost brokers, you can visit this lowest spread forex brokers in the UK page.
Which Broker Is Better For MetaTrader 4?
FP Markets is the better choice for MetaTrader 4 users. It offers a seamless trading experience with advanced charting tools and indicators. To explore more about MetaTrader 4 brokers, check out this list of best MT4 brokers.
Which Broker Offers Social Trading?
Neither FP Markets nor GO Markets offer social or copy trading features. However, both brokers provide other advanced trading tools and platforms to enhance your trading experience. For more options on social trading, you can refer to this best copy trading platforms in the UK page.
Does Either Broker Offer Spread Betting?
Neither FP Markets nor GO Markets offer spread betting services. If you’re interested in spread betting, you might want to look at other options. For a list of the best spread betting brokers, you can visit this best spread betting brokers in the UK page.
What Broker is Superior For Australian Forex Traders?
In my opinion, FP Markets is the superior choice for Australian Forex traders. Both FP Markets and GO Markets are ASIC-regulated, but FP Markets was founded in Australia, giving it a home advantage. For more details, you can check out this list of Best Forex Brokers In Australia.
What Broker is Superior For UK Forex Traders?
For UK Forex traders, I’d recommend FP Markets. While neither broker is FCA-regulated, FP Markets offers a more comprehensive set of trading options and lower fees. For more information, you can visit this page.
Article Sources
No commission account spread propiety testing data and published wesbite spread information, centralised on our Standard Account Spreads page.
FP Markets, Standard Account Spreads testing.
Other FP Markets and Go Markets Comparisons
Ask an Expert
Is Go market a good broker?
Go Markets is regulated by major financial bodies like ASIC, FCA and CySEC so they are a safe broker to use.