FXCM vs GO Markets 2025

2. Better Trading Platform: GO Markets

Selecting the right trading platform can make a significant difference in your trading experience. Here’s how FXCM and GO Markets stack up:

• FXCM offers MetaTrader 4 and TradingView platforms but not MetaTrader 5 or cTrader.
• GO Markets provides a more comprehensive range of platforms, including MetaTrader 4, MetaTrader 5, cTrader, and TradingView.
• Both brokers offer free demo accounts, but neither offers an expiry option for the demo account.
• FXCM and GO Markets both support MetaTrader Signals and Expert Advisors (EAs) for automation and scalping.
• GO Markets scored a total of 9.5 in the platform evaluation, while FXCM scored 7.0, indicating a more feature-rich offering from GO Markets.

Verdict: Based on the available data, GO Markets offers a better and more versatile trading platform compared to FXCM.

3. Superior Accounts And Features: GO Markets

When it comes to account features, both FXCM and GO Markets have unique offerings that cater to different types of traders. FXCM provides traders with the choice of a Standard Account and an Active Trader Account. The Standard Account comes with a minimum deposit of $50 and offers a range of trading platforms, including Trading Station, MetaTrader 4, and NinjaTrader. On the other hand, the Active Trader Account is designed for high-volume traders and offers lower spreads but requires a minimum deposit of $25,000.

GO Markets offers two types of retail investor accounts: the Standard Account and the Go Plus+ Account. The Standard Account is commission-free, with spreads starting at 1 pip for major Forex pairs. The Go Plus+ Account is more suited for high-volume traders, offering spreads from 0.0 pips and commission costs of USD 5 or AUD 6 round-turn per standard lot. Both brokers allow scalping, hedging, and automation, making them flexible options for different trading strategies.

Verdict: When it comes to account types, GO Markets offers more competitive spreads and lower commission costs, making it the better choice for traders looking for cost-efficiency.

4. Best Trading Experience And Ease: GO Markets

When we put FXCM and GO Markets to the test, we found that both brokers offer a user-friendly experience, but there are some differences worth noting. FXCM’s Trading Station platform is intuitive and comes with a range of customisable features.

However, it can be a bit overwhelming for beginners. GO Markets, on the other hand, offers MetaTrader 4 and MetaTrader 5, which are known for their ease of use and are highly popular among traders.

• FXCM’s Trading Station offers advanced charting tools and indicators.
• GO Markets’ MetaTrader platforms are beginner-friendly and offer a simpler interface.
• Both brokers offer mobile trading apps for on-the-go trading.
• GO Markets scored higher in our own testing for ease of use and navigation.

After spending some time with both platforms, we found that GO Markets offers a more streamlined experience. The MetaTrader platforms are easy to navigate, and the broker also provides educational resources to help traders get started. FXCM, while robust, requires a bit more time to get used to, especially if you’re new to trading.

Verdict: Based on our testing, GO Markets offers a better overall trading experience in terms of ease of use and navigation.

5. Stronger Trust And Regulation: GO Markets

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GO Markets Trust Score

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When it comes to trust and regulation, both FXCM and GO Markets have their merits. FXCM is regulated by multiple tier-1 and tier-2 authorities, including ASIC, FCA, and CySEC. It has been in the industry since 1999, adding to its credibility. However, it’s worth noting that FXCM has had some regulatory issues, including a $7 million penalty from the CFTC.

GO Markets, on the other hand, is also regulated by ASIC and CySEC and has been in the business since 2006. It has a good TrustPilot score and no core regulatory issues. Both brokers are headquartered in developed countries, adding another layer of trust.

Verdict: While both brokers are well-regulated and trustworthy, GO Markets edges out slightly due to its clean regulatory record. Therefore, GO Markets is the more trusted and better-regulated broker.

6. Top Product Range And CFD Markets: FXCM

When it comes to the range of products and CFD markets, both FXCM and GO Markets have their own unique advantages and disadvantages. Here’s a detailed comparison to help you make an informed decision:

Table: Comparison of FXCM and GO Markets

Verdict

FXCM offers a slightly better range of CFDs and Markets, as indicated by the total score of 6.60 compared to GO Markets’ 6.20. However, if a dedicated account manager is crucial for you, then GO Markets would be the better choice.

7. Superior Educational Resources: FXCM

When it comes to educational resources, both FXCM and GO Markets have their own sets of offerings aimed at different levels of traders. Here’s a breakdown:

FXCM:

• Beginner Resources: FXCM provides a comprehensive set of resources for beginners, scoring 15 out of 15 in our testing.
• Intermediate Resources: FXCM also caters to intermediate traders with a score of 10 out of 10.
• Expert Resources: Unfortunately, FXCM does not provide resources for expert traders.
• Market Research and Analysis: FXCM offers market research and analysis, scoring 10 out of 10.
• In-House Analyst: FXCM does not have an in-house analyst.
• Webinars and Online Seminars: FXCM provides webinars and online seminars, scoring 15 out of 15.

GO Markets:

• Beginner Resources: GO Markets offers resources for beginners, scoring 15 out of 15.
• Intermediate Resources: GO Markets does not offer resources for intermediate traders.
• Expert Resources: GO Markets also lacks resources for expert traders.
• Market Research and Analysis: GO Markets provides market research and analysis, scoring 10 out of 10.
• In-House Analyst: GO Markets does not have an in-house analyst.
• Articles and Blogs: GO Markets provides articles and blogs, scoring 10 out of 10.

Verdict: Based on our testing, FXCM offers a more rounded educational package, especially for beginners and intermediate traders. While both brokers offer market research and analysis, FXCM takes the lead with its webinars and online seminars. Therefore, FXCM offers the best range of educational resources.

8. Superior Customer Service: FXCM

Customer service is an essential aspect of any trading experience. Whether you’re a seasoned trader or a novice, having a reliable and efficient customer support system can significantly impact your trading journey.

FXCM and GO Markets are two brokers that offer different customer service features. Let’s take a closer look at what each has to offer.

Customer Service Features Table

FXCM offers a combination of human and bot support through their live chat, which is excellent for quick queries and more complex issues. They have an excellent rating for customer service knowledge and offer good FAQ and Help Centre resources. Support is available 24/5, and you can reach them via Email and WhatsApp.

GO Markets, on the other hand, offers human-only live chat support. They also have an excellent rating for customer service knowledge but fall a bit short with an average FAQ and Help Centre. They offer support 24/5 and can be reached through Messenger, Twitter, and Email.

Verdict: Based on our testing, FXCM offers slightly better customer service due to their excellent customer service knowledge and good FAQ & Help Centre resources. Both brokers offer 24/5 support, but FXCM provides a more comprehensive range of contact options.

9. Better Funding Options: FXCM

When it comes to funding options, traders often look for flexibility and convenience. FXCM and GO Markets both offer a range of payment methods to cater to the diverse needs of their clients. From traditional wire transfers to modern e-wallets, these brokers have got you covered. However, there are some differences in the options available, which could be a deciding factor for some traders.

FXCM provides a variety of funding options, including Visa/MasterCard, wire transfer, PayPal, Neteller, and Skrill. They also accept POLi and bPay for clients in Australia and New Zealand. GO Markets, on the other hand, offers Visa/MasterCard and wire transfers as well, but they do not support PayPal. They do accept Neteller, Skrill, POLi, and bPay, providing a similar range of options for their clients.

Verdict: When it comes to funding options, FXCM has a slight edge over GO Markets due to its support for PayPal. Both brokers offer a wide range of payment methods, but the availability of PayPal could be a deciding factor for some traders.

10. Lower Minimum Deposit: GO Markets

The minimum deposit requirement is a crucial factor for many traders, especially those who are new to the forex market. A lower minimum deposit allows traders to start trading without a significant financial commitment, offering a gateway to the trading world. Both FXCM and GO Markets have options that cater to traders of all levels, but there are notable differences in their minimum deposit requirements.

FXCM requires a standard minimum deposit of $300, with a subsequent requirement of $50 per deposit. This might be a bit steep for beginners or those who prefer to start with a smaller investment. On the other hand, GO Markets offers a much more accessible entry point. They have a $0 minimum deposit requirement for both their Standard and Go Plus+ accounts, making it extremely easy for anyone to start trading.

Verdict: GO Markets clearly has the advantage when it comes to minimum deposit requirements, offering a $0 minimum for both their Standard and Go Plus+ accounts. This makes it a more accessible option for traders who are just starting out or those looking to trade with a smaller initial investment.

Our Final Verdict On Which Broker Is The Best: GO Markets or FXCM?

GO Markets is the winner because it outperforms FXCM in a majority of key areas, including lowest spreads and fees, trading platform quality, account features, trading experience, and regulatory trust. The table below summarizes the key information leading to this verdict.

Best For Beginner Traders

For beginner traders, GO Markets is the better choice due to its lower minimum deposit and user-friendly trading platform.

Best For Experienced Traders

For experienced traders, FXCM may be more suitable due to its superior educational resources and a wider range of product offerings.