FBS
GO Markets
FBS vs GO Markets
A detailed side-by-side comparison based on our hands-on testing across 8 scoring categories.
FBS and GO Markets are both popular choices for forex and CFD traders, but they cater to different needs and experience levels. FBS, founded in 2009 and headquartered in Belize City, Belize, is regulated by IFSC, CySEC and offers spreads starting from 0.7 pips with a minimum deposit of $5. GO Markets, established in 2006 in Melbourne, Australia, holds licenses from ASIC, CySEC, FSA with spreads from 0.0 pips and a $200 minimum deposit. In our hands-on testing across 8 scoring categories, GO Markets scored 7.8/10 overall compared to FBS's 7.2/10, making it the stronger pick for most traders. That said, FBS holds its own with superior education resources and smoother deposits & withdrawals, so your ideal broker depends on what you prioritize in a trading partner.
Key Differences at a Glance
- 📊
GO Markets scores 7.8/10 overall vs 7.2/10 for FBS — a 0.6-point difference.
- 💵
FBS requires just $5 to start, while GO Markets needs $200 — FBS is 40x more accessible.
- 📈
GO Markets offers 350+ instruments vs 250+ at FBS — a notable difference in market coverage.
- 🖥️
FBS runs on MT4, MT5, FBS Trader App, while GO Markets uses MT4, MT5, cTrader — different ecosystems for different trading styles.
- ⚡
The biggest gap is in Regulation & Trust: GO Markets scores 8.5 vs 6.5 for FBS — a 2.0-point difference.
Our Verdict
FBS
Score: 7.2/10 · Wins 2 categories- You're a beginner who values learning resources
- Fast and flexible deposits & withdrawals are important
- You prefer a low minimum deposit ($5)
GO Markets
Score: 7.8/10 · Wins 6 categories- You want lower spreads and trading fees
- You need advanced trading platforms and tools
- Top-tier regulation and fund safety are your priority
- Responsive customer support matters to you
GO Markets takes the lead with an overall score of 7.8/10 compared to 7.2/10, winning in 6 out of 8 scoring categories. GO Markets stands out for lower trading costs and better trading platforms, while FBS fights back with superior education resources and smoother deposits & withdrawals.
Detailed Verdict
After testing both brokers with real accounts, GO Markets comes out ahead with a 7.8/10 overall rating, winning 6 out of 8 categories. Its strongest area is Regulation & Trust where it scores 8.5/10. GO Markets holds Tier 1 regulation, meaning your funds benefit from top-level investor protection including segregated accounts and compensation schemes. FBS is not without merit — it scores 7.2/10 overall and excels in Deposit & Withdrawal (8.0/10), winning 2 categories. Traders who value superior education resources or smoother deposits & withdrawals may find FBS the better fit. For a complete breakdown, read our full GO Markets review and FBS review — both include account opening walkthroughs, platform screenshots, and withdrawal test results.
Score Breakdown
GO Markets wins by 1.0 points
GO Markets wins by 1.0 points
GO Markets wins by 2.0 points
FBS wins by 0.5 points
GO Markets wins by 0.5 points
GO Markets wins by 1.0 points
FBS wins by 0.5 points
GO Markets wins by 0.5 points
Full Feature Comparison
| Feature | ||
|---|---|---|
| Overall Score | 7.2/10 | 7.8/10 ✓ |
| Min Deposit Lower is better | $5 ✓ | $200 |
| Max Leverage | 1:3000 | 1:500 |
| Spreads From | 0.7 pips | 0.0 pips |
| Platforms | MT4, MT5, FBS Trader App | MT4, MT5, cTrader |
| Regulation | IFSC, CySEC | ASIC, CySEC, FSA |
| Founded Older track record highlighted | 2009 | 2006 ✓ |
| Markets | 250+ | 350+ ✓ |
Fees & Costs
When it comes to trading costs, GO Markets has the edge with a score of 8/10 versus 7/10 for FBS. FBS offers spreads starting from 0.7 pips, while GO Markets starts from 0.0 pips. The minimum deposit at FBS is $5, compared to $200 at GO Markets. Both brokers operate primarily on a spread-based pricing model, though actual costs vary by account type and instrument. For high-volume traders, even small spread differences add up significantly over time, making this an important category to weigh carefully.
Trading Platforms
GO Markets scores 8/10 for platforms compared to 7/10 for FBS. FBS provides MT4, MT5, FBS Trader App, while GO Markets offers MT4, MT5, cTrader. The choice of platform affects your charting, order execution speed, and available technical indicators. Traders who rely on MetaTrader's algorithmic trading capabilities should check which MT4/MT5 features each broker supports, including custom indicators and expert advisors.
Regulation & Safety
Regulation is crucial for fund safety. FBS is regulated by IFSC, CySEC (Tier 1), while GO Markets holds licenses from ASIC, CySEC, FSA (Tier 1). FBS scores 6.5/10 and GO Markets scores 8.5/10 in this category. Tier 1 regulators like FCA, ASIC, and CySEC offer the strongest investor protection, including segregated client funds and compensation schemes. Always verify your broker's specific license for your jurisdiction before opening an account.
Education & Research
For learning resources, FBS leads with 7.5/10 compared to 7/10. Quality education materials can shorten your learning curve significantly. Look for brokers offering structured courses, live webinars, and practice demo accounts. FBS and GO Markets both provide demo accounts for risk-free practice, but the depth of educational content varies. Beginners should prioritize this category when choosing between the two.
Customer Support
FBS offers 24/7 Live Chat, Email, Phone and scores 7/10, while GO Markets provides 24/5 Live Chat, Email, Phone with a score of 7.5/10. Reliable support becomes critical during market volatility or when you encounter account issues. Look for brokers with 24/5 or 24/7 availability, multiple contact channels, and support in your preferred language.
Deposit & Withdrawal
FBS scores 8/10 for deposits and withdrawals, while GO Markets scores 7.5/10. FBS accepts Bank Transfer, Credit Card, Skrill, Neteller, Sticpay, and GO Markets supports Bank Transfer, Credit Card, Skrill, Neteller, Fasapay. Processing times, fees, and available currencies vary. FBS requires a minimum deposit of $5 versus $200 for GO Markets. Always check withdrawal conditions and any potential fees before funding your account.
Which Broker Is Right for You?
Choose FBS if you...
- You're a beginner who values learning resources
- Fast and flexible deposits & withdrawals are important
- You prefer a low minimum deposit ($5)
Choose GO Markets if you...
- You want lower spreads and trading fees
- You need advanced trading platforms and tools
- Top-tier regulation and fund safety are your priority
- Responsive customer support matters to you
🗳️ Which Broker Do You Prefer?
Cast your vote — see what other traders think
Frequently Asked Questions
Is FBS better than GO Markets?
GO Markets scores higher overall (7.8/10 vs 7.2/10), winning 6 of 8 categories. However, FBS is stronger in superior education resources and smoother deposits & withdrawals. The best choice depends on what matters most to your trading style.
Which has lower fees, FBS or GO Markets?
GO Markets scores higher for trading costs. FBS offers spreads from 0.7 pips with a $5 minimum deposit, while GO Markets starts from 0.0 pips with $200 minimum. Actual trading costs depend on your instrument, volume, and account type.
Is FBS safe to trade with?
FBS is regulated by IFSC, CySEC and scores 6.5/10 for regulation. GO Markets is regulated by ASIC, CySEC, FSA with a score of 8.5/10. Both hold recognized licenses, but verify the specific entity covering your region.
Which has better trading platforms, FBS or GO Markets?
GO Markets scores 8/10 for platforms. FBS offers MT4, MT5, FBS Trader App, while GO Markets provides MT4, MT5, cTrader. Your ideal platform depends on whether you prefer proprietary tools, MetaTrader, or third-party solutions.
What's the minimum deposit for FBS vs GO Markets?
FBS requires a minimum deposit of $5, while GO Markets requires $200. FBS has the lower entry barrier, making it more accessible for beginners or those testing with smaller amounts.
Ready to Start Trading?
Open a free account with either broker and start trading today.